SBA lending data · fiscal year 2025
20 lenders funded limited-service restaurants in Tennessee last year
35 SBA 7(a) loans approved under NAICS 722513. Median approval $355,100, median term 120 months, median initial rate 10.25%.
What was actually approved
Half of all approvals in this industry and state fell between $150,000 and $498,500. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.
The most active lenders
Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.
- 1The Huntington National Bank4 loans · $1.4M
- 2Newtek Bank, National Association3 loans · $0.8M
- 3TD Bank, National Association3 loans · $1.4M
- 4Citizens Bank3 loans · $1.7M
- 5Northeast Bank3 loans · $0.5M
- 6First Bank of the Lake2 loans · $2.4M
- 7Readycap Lending, LLC2 loans · $0.1M
- 8Live Oak Banking Company2 loans · $1.4M
- 9FWBank2 loans · $0.7M
- 10ACC Capital1 loan · $0.1M
- 11First Farmers and Merchants Bank1 loan · $0.1M
- 12Bank Five Nine1 loan · $0.1M
This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.
Is this industry getting easier or harder to finance?
| Fiscal year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 36 | 19 | $453,650 |
| FY2024 | 29 | 14 | $421,500 |
| FY2025 | 35 | 20 | $355,100 |
Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.
Where this comes from
The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.
This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.
Other industries in Tennessee
Limited-Service Restaurants in other states
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