SBA 7(a) lenders in Polk, TN
Approvals in SBA fiscal years 2010–2026. Source data as of 2026-06-30.
Lenders
14 institutions have SBA 7(a) loans on record in Polk, together $29.9M across 37 loans. Live Oak Banking Company is the largest, with 49% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 13 | $14.7M | 49.4% | 0.00% |
| 2 | First Financial Bank | 7 | $4.2M | 14.2% | 0.00% |
| 3 | Metro City Bank | 1 | $2.2M | 7.3% | 0.00% |
| 4 | Builtwell Bank | 4 | $2.1M | 6.9% | 0.00% |
| 5 | United Community Bank | 1 | $1.6M | 5.4% | 0.00% |
| 6 | Climate First Bank | 1 | $1.1M | 3.8% | 0.00% |
| 7 | Jackson Purchase Agriculture | 1 | $1.1M | 3.7% | 0.00% |
| 8 | SmartBank | 1 | $599K | 2.0% | 0.00% |
| 9 | BayFirst National Bank | 3 | $590K | 2.0% | 0.00% |
| 10 | Readycap Lending, LLC | 1 | $500K | 1.7% | 0.00% |
| 11 | Oconee State Bank | 1 | $375K | 1.3% | 0.00% |
| 12 | Newtek Bank, National Association | 1 | $325K | 1.1% | 0.00% |
| 13 | United Midwest Savings Bank National Association | 1 | $300K | 1.0% | 0.00% |
| 14 | Independence Bank | 1 | $125K | 0.4% | 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 | Agriculture, forestry & fishing | 23 | $22.4M | 74.9% |
| 2 | Accommodation & food services | 4 | $1.9M | 6.4% |
| 3 | Retail trade | 2 | $1.6M | 5.5% |
| 4 | Manufacturing | 1 | $1.6M | 5.4% |
| 5 | Arts, entertainment & recreation | 3 | $1.4M | 4.8% |
| 6 | Retail trade | 1 | $325K | 1.1% |
| 7 | Wholesale trade | 2 | $300K | 1.0% |
| 8 | Administrative & waste services | 1 | $300K | 1.0% |
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.