First Horizon Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First Horizon Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 72 | $49.9M | $694K | 4.3% |
| 238990 | All Other Specialty Trade Contractors | 64 | $82.5M | $1.3M | 3.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 64 | $88.1M | $1.4M | 3.8% |
| 722511 | Full-Service Restaurants | 56 | $41.5M | $742K | 3.3% |
| 722513 | Limited-Service Restaurants | 40 | $21.8M | $546K | 2.4% |
| 811111 | General Automotive Repair | 40 | $51.8M | $1.3M | 2.4% |
| 713940 | Fitness and Recreational Sports Centers | 32 | $13.8M | $430K | 1.9% |
| 236118 | Residential Remodelers | 32 | $22.3M | $698K | 1.9% |
| 621310 | Offices of Chiropractors | 32 | $36.7M | $1.1M | 1.9% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 32 | $11.0M | $345K | 1.9% |
Geographic Distribution
SBA lending activity for First Horizon Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 368 | $452.6M | 21.9% |
| Florida (FL) | 360 | $408.2M | 21.4% |
| Louisiana (LA) | 312 | $326.9M | 18.6% |
| Georgia (GA) | 192 | $225.0M | 11.4% |
| North Carolina (NC) | 152 | $182.7M | 9.0% |
| Texas (TX) | 112 | $177.5M | 6.7% |
| South Carolina (SC) | 72 | $63.3M | 4.3% |
| Arkansas (AR) | 24 | $41.6M | 1.4% |
| New York (NY) | 16 | $34.2M | 1.0% |
| Alabama (AL) | 32 | $27.3M | 1.9% |
| Kentucky (KY) | 8 | $21.4M | 0.5% |
| Nevada (NV) | 8 | $15.0M | 0.5% |
| Kansas (KS) | 16 | $14.9M | 1.0% |
| Illinois (IL) | 8 | $6.4M | 0.5% |
Why Choose First Horizon Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,680 SBA loans approved, totaling $2.00B in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), All Other Specialty Trade Contractors, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 7.07% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 14 states, with strong presence in TN, FL, LA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Horizon Bank SBA lending
What types of businesses does First Horizon Bank typically finance?
First Horizon Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), all other specialty trade contractors, plumbing, heating, and air-conditioning contractors, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Horizon Bank's typical SBA loan terms?
First Horizon Bank's SBA 7(a) loans typically feature an average interest rate of 7.07% and average term length of 172 months (approximately 14 years). Loan sizes range from $25K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a First Horizon Bank SBA loan?
Yes, First Horizon Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Horizon Bank compare to other SBA lenders?
First Horizon Bank has originated 1,680 SBA loans totaling $2.00B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Horizon Bank lend in?
First Horizon Bank provides SBA 7(a) financing with particularly strong presence in TN, FL, LA, GA, NC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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Professional valuations are often required for SBA loans over $250,000.
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