SBA 7(a) lenders in Lawrence, TN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
16 institutions have SBA 7(a) loans on record in Lawrence, together $12.4M across 28 loans. Live Oak Banking Company is the largest, with 24% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 1 | $3.0M | 24.0% | 0.00% |
| 2 | Simmons Bank | 1 | $2.3M | 18.3% | 0.00% |
| 3 | Truist Bank | 1 | $1.7M | 13.4% | 0.00% |
| 4 | First Farmers and Merchants Bank | 9 | $1.3M | 10.6% | 0.00% |
| 5 | Ameris Bank | 1 | $620K | 5.0% | 0.00% |
| 6 | Byline Bank | 1 | $600K | 4.8% | 10.00% |
| 7 | First National Bank of Pulaski | 1 | $580K | 4.7% | 0.00% |
| 8 | Midwest Regional Bank | 1 | $514K | 4.2% | 0.00% |
| 9 | Readycap Lending, LLC | 1 | $500K | 4.0% | 0.00% |
| 10 | SouthState Bank, National Association | 2 | $500K | 4.0% | 0.00% |
| 11 | Newtek Small Business Finance, Inc. | 1 | $250K | 2.0% | 0.00% |
| 12 | The Huntington National Bank | 2 | $214K | 1.7% | 0.00% |
| 13 | Wayne County Bank | 1 | $205K | 1.7% | 0.00% |
| 14 | The Citizens National Bank of Meridian | 1 | $99K | 0.8% | 0.00% |
| 15 | U.S. Bank, National Association | 2 | $80K | 0.6% | 0.00% |
| 16 | VelocitySBA, LLC | 2 | $10K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Retail trade | 5 | $5.3M | 42.7% |
| 2 | Accommodation & food services | 2 | $2.4M | 19.1% |
| 3 | Construction | 4 | $705K | 5.7% |
| 4 | Administrative & waste services | 2 | $613K | 5.0% |
| 5 | Other services | 1 | $600K | 4.8% |
| 6 | Retail trade | 1 | $580K | 4.7% |
| 7 | Wholesale trade | 2 | $547K | 4.4% |
| 8 | Manufacturing | 1 | $500K | 4.0% |
| 9 | Transportation & warehousing | 1 | $350K | 2.8% |
| 10 | Health care & social assistance | 5 | $299K | 2.4% |
| 11 | Arts, entertainment & recreation | 1 | $250K | 2.0% |
| 12 | Agriculture, forestry & fishing | 1 | $205K | 1.7% |
| 13 | Professional & technical services | 2 | $80K | 0.6% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.