SBA lending by metro area
SBA lenders in Memphis, TN
Which lenders fund Memphis-area businesses, how much, and how the market compares with Tennessee: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Memphis area
Ranked by SBA volume funded to businesses located in the Memphis metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Pinnacle Bank | 125 | $119.8M | $958K | 0.80% |
| 2 | Simmons Bank | 112 | $63.1M | $564K | 7.14% |
| 3 | Live Oak Banking Company | 47 | $58.3M | $1.2M | 2.13% |
| 4 | Renasant Bank | 50 | $44.1M | $881K | 0.00% |
| 5 | The Huntington National Bank | 98 | $43.3M | $442K | 3.06% |
| 6 | Celtic Bank Corporation | 48 | $35.6M | $741K | 10.42% |
| 7 | Peoples Bank | 12 | $33.8M | $2.8M | not reported |
| 8 | First Horizon Bank | 20 | $28.2M | $1.4M | 0.00% |
| 9 | Guaranty Bank and Trust Company | 49 | $26.1M | $533K | 2.04% |
| 10 | Truist Bank | 36 | $25.6M | $712K | 11.11% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Memphis compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Memphis area | $300K ▲ 20.0% | 3.2% ▼ 2.1 pts |
| Tennessee | $250K | 5.3% |
| United States | $179K | 11.2% |
What gets funded in Memphis
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 285 | $259.6M |
| Retail Trade | 281 | $178.4M |
| Health Care and Social Assistance | 166 | $117.3M |
| Other Services | 185 | $87.3M |
| Manufacturing | 104 | $73.5M |
| Transportation and Warehousing | 99 | $65.1M |
| Professional and Technical Services | 114 | $64.7M |
| Construction | 108 | $44.5M |
SBA lending in Memphis by year
Geography, precisely
"Memphis area" here means the Memphis, TN-MS-AR metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Benton County, MS; Crittenden County, AR; DeSoto County, MS; Fayette County, TN; Marshall County, MS; Shelby County, TN; Tate County, MS; Tipton County, TN; Tunica County, MS. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.