Our list is the result of an in-depth research on small business lending in Tennessee, based on solid, reliable data. We've organized these lenders by the amount of small business loans they've issued throughout the current year.
In essence, our list highlights those financial institutions and lenders that are genuinely active in providing loans to small businesses in Tennessee.
(This is quite different from many other sites, which tend to concentrate on nonprofits that seldom lend or on government initiatives that are often inaccessible to a large number of businesses.)
Takeaway: Most business lending in Tennessee is done by large national and regional banks.
Methodology: Our study is based on data from SBA 7a loans, ensuring that all the lenders we've listed offer these loans. We've also compiled details about various other small business loan options available from these lenders, as advertised on their websites.
Unfortunately, traditional banks usually set high criteria, including the need for good credit scores and at least two years of business experience.
As a result, we've started our list with two alternative financing options, catering to small business owners who may be dealing with credit challenges or those who are newcomers to the business arena.
