287 SBA loans worth $167.1M went to businesses in Memphis, TN between October 2021 and June 2026, from 68 lenders. Pinnacle Bank made the most, 34 loans. The median loan was $227,300, compared with $246,500 across Tennessee, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Pinnacle Bank Bank · Nashville, TN | 34 | $29.1M | $461,250 | 29% |
| 2 | Northeast Bank Bank · Portland, ME | 24 | $3.1M | $106,750 | 12% |
| 3 | Newtek Bank Bank · Miami, FL | 23 | $6.7M | $125,000 | 26% |
| 4 | BayFirst National Bank Bank · St. Petersburg, FL | 20 | $2.8M | $150,000 | 0% |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 18 | $2.3M | $50,000 | 17% |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 13 | $192K | $15,000 | 100% |
| 7 | Huntington National Bank Bank · Columbus, OH | 10 | $7.9M | $351,750 | 40% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 9 | $8.0M | $616,000 | 22% |
| 9 | Paragon Bank Bank · Memphis, TN | 7 | $10.9M | $1,145,900 | 0% |
| 10 | Celtic Bank Bank · Salt Lake City, UT | 7 | $6.2M | $150,000 | 29% |
| 11 | U.S. Bank Bank · Cincinnati, OH | 7 | $1.2M | $48,000 | 71% |
| 12 | Regions Bank Bank · Birmingham, AL | 6 | $4.5M | $985,700 | 0% |
| 13 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 6 | $2.0M | $287,000 | 67% |
| 14 | United Midwest Savings Bank Bank · Degraff, OH | 6 | $1.1M | $150,000 | 100% |
| 15 | Bank of Bartlett Bank · Bartlett, TN | 5 | $1.9M | $350,000 | 60% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 48 | $150,000 | Newtek Bank | |
| Restaurants and hotels | 42 | $499,000 | Pinnacle Bank | |
| Retail | 36 | $303,750 | Northeast Bank | |
| Professional and technical services | 31 | $369,300 | Northeast Bank | |
| Construction | 19 | $150,000 | Pinnacle Bank | |
| Health care and social assistance | 19 | $250,000 | Pinnacle Bank | |
| Transportation and warehousing | 19 | $101,000 | Wells Fargo Bank | |
| Administrative and support services | 18 | $150,000 | Huntington National Bank |