Renasant Bank
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Renasant Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 296 | $224.3M | $758K | 8.5% |
| 722513 | Limited-Service Restaurants | 232 | $176.6M | $761K | 6.6% |
| 524210 | Insurance Agencies and Brokerages | 128 | $134.5M | $1.1M | 3.7% |
| 447110 | Gasoline Stations with Convenience Stores | 104 | $127.5M | $1.2M | 3.0% |
| 811111 | General Automotive Repair | 104 | $120.2M | $1.2M | 3.0% |
| 112320 | Broilers and Other Meat Type | 88 | $115.3M | $1.3M | 2.5% |
| 561730 | Landscaping Services | 72 | $55.1M | $766K | 2.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 64 | $221.1M | $3.5M | 1.8% |
| 624410 | Child Day Care Services | 56 | $71.9M | $1.3M | 1.6% |
| 445320 | Other | 56 | $73.1M | $1.3M | 1.6% |
Geographic Distribution
SBA lending activity for Renasant Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Georgia (GA) | 1,720 | $1.69B | 49.2% |
| Florida (FL) | 664 | $576.6M | 19.0% |
| Mississippi (MS) | 320 | $349.7M | 9.2% |
| Tennessee (TN) | 256 | $333.0M | 7.3% |
| Alabama (AL) | 280 | $282.8M | 8.0% |
| South Carolina (SC) | 56 | $79.6M | 1.6% |
| Louisiana (LA) | 80 | $56.8M | 2.3% |
| North Carolina (NC) | 8 | $40.0M | 0.2% |
| Texas (TX) | 16 | $28.7M | 0.5% |
| Kentucky (KY) | 24 | $27.1M | 0.7% |
| Illinois (IL) | 16 | $19.4M | 0.5% |
| Oklahoma (OK) | 8 | $15.6M | 0.2% |
| Michigan (MI) | 8 | $14.7M | 0.2% |
| Alaska (AK) | 8 | $10.2M | 0.2% |
| New York (NY) | 8 | $5.6M | 0.2% |
| Arizona (AZ) | 8 | $5.2M | 0.2% |
| Washington (WA) | 8 | $4.5M | 0.2% |
| Virginia (VA) | 8 | $2.0M | 0.2% |
Why Choose Renasant Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,496 SBA loans approved, totaling $3.54B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Insurance Agencies and Brokerages
- ✓Competitive Terms: Average interest rate of 7.43% with flexible term lengths averaging 194 months
- ✓Loan Range: Loan sizes from $25K to $5.0M, with an average of $1.0M
- ✓Nationwide Reach: Active lending in 18 states, with strong presence in GA, FL, MS
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 Renasant Bank SBA lending
What types of businesses does Renasant Bank typically finance?
Renasant Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, insurance agencies and brokerages, gasoline stations with convenience stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Renasant Bank's typical SBA loan terms?
Renasant Bank's SBA 7(a) loans typically feature an average interest rate of 7.43% and average term length of 194 months (approximately 16 years). Loan sizes range from $25K to $5.0M, with an average loan size of $1.0M.
Do I need a business valuation for a Renasant Bank SBA loan?
Yes, Renasant 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 Renasant Bank compare to other SBA lenders?
Renasant Bank has originated 3,496 SBA loans totaling $3.54B 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 Renasant Bank lend in?
Renasant Bank provides SBA 7(a) financing with particularly strong presence in GA, FL, MS, AL, TN. 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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