Tennessee Business & Industrial Development Corpor
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Tennessee Business & Industrial Development Corpor · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 4 | $1.1M | $263K | 2.7% |
| 621320 | Offices of Optometrists | 4 | $1.6M | $412K | 2.7% |
| 561621 | Security Systems Services (except Locksmiths) | 3 | $1.5M | $495K | 2.1% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $925K | $308K | 2.1% |
| 721110 | Hotels (except Casino Hotels) and Motels | 3 | $2.2M | $740K | 2.1% |
| 113310 | Logging | 2 | $4.4M | $2.2M | 1.4% |
| 337211 | Wood Office Furniture Manufacturing | 2 | $160K | $80K | 1.4% |
| 624410 | Child Care Services | 2 | $272K | $136K | 1.4% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $288K | $144K | 1.4% |
| 713910 | Golf Courses and Country Clubs | 2 | $1.1M | $537K | 1.4% |
Geographic Distribution
SBA lending activity for Tennessee Business & Industrial Development Corpor by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Tennessee (TN) | 143 | $48.2M | 97.9% |
| Kentucky (KY) | 1 | $1.7M | 0.7% |
| Louisiana (LA) | 1 | $1.6M | 0.7% |
| Arkansas (AR) | 1 | $479K | 0.7% |
Why Choose Tennessee Business & Industrial Development Corpor?
Based on SBA 7(a) lending track record from 1995-2013
- ✓Proven Track Record: 146 SBA loans approved, totaling $52.0M in financing
- ✓Industry Expertise: Specialized focus on Supermarkets and Other Grocery Retailers (except Convenience Retailers), Offices of Optometrists, Security Systems Services (except Locksmiths)
- ✓Competitive Terms: Average interest rate of 5.55% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $20K to $2.2M, with an average of $356K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in TN, LA, KY
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 Tennessee Business & Industrial Development Corpor SBA lending
What types of businesses does Tennessee Business & Industrial Development Corpor typically finance?
Tennessee Business & Industrial Development Corpor specializes in SBA 7(a) lending to specific industries including supermarkets and other grocery retailers (except convenience retailers), offices of optometrists, security systems services (except locksmiths), drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Tennessee Business & Industrial Development Corpor's typical SBA loan terms?
Tennessee Business & Industrial Development Corpor's SBA 7(a) loans typically feature an average interest rate of 5.55% and average term length of 129 months (approximately 11 years). Loan sizes range from $20K to $2.2M, with an average loan size of $356K.
Do I need a business valuation for a Tennessee Business & Industrial Development Corpor SBA loan?
Yes, Tennessee Business & Industrial Development Corpor 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 Tennessee Business & Industrial Development Corpor compare to other SBA lenders?
Tennessee Business & Industrial Development Corpor has originated 146 SBA loans totaling $52.0M since 1995. 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 Tennessee Business & Industrial Development Corpor lend in?
Tennessee Business & Industrial Development Corpor provides SBA 7(a) financing with particularly strong presence in TN, LA, KY, AR. 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.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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