Get Small Business Loan Quotes
1. U.S. Bank
First coming into existence in 1863 as the First National Bank of Cincinnati, U.S. Bank now operates in 26 states across the country. U.S. Bank offers a number of products and services to meet customers’ needs, including small business loans and personal banking solutions, including checking and savings.
We reached out to U.S. Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Preferred SBA Lender
- Offers the SBA 7(A) Loan Program and SBA 504 Loan Program.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
2. Pinnacle Bank
Pinnacle Bank was started in 1934 as a community bank in Georgia to serve and meet the financial needs of the community. Now with over 20 branches in the state Pinnacle Bank is able to meet the needs of its customers with its tools and products, including small business loans.
We reached out to Pinnacle Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Offers the SBA 7(A) Loan Program and SBA 504 Loan Program
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
3. United Midwest Savings Bank
Founded in 1889 as a community bank to provide for local individuals and businesses, United Midwest Savings Bank has over 130 years of experience in meeting customers’ needs. With 5 branches and 1 administrative office in the Columbus, Ohio area, United Midwest Savings banks can help all of its customers.
We reached out to United Midwest Savings Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Offers the SBA 7(A) Loan Program and SBA 504 Loan Program.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
4. Huntington National Bank
Founded in 1866 and based out of Columbus, Ohio, with branches in 11 states and $179 billion in assets to meet its customers’ needs, The Huntington National Bank has much to offer. Huntington National Bank has a number of products and services to meet personal and business banking needs.
We reached out to Huntington National Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- SBA Preferred Lender
- Offers the SBA 7(A) Loan Program, SBA 504 Loan Program and SBA Express.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
5. Cadence Bank
Started in 1876, Cadence Bank has almost 150 years of experience in helping its customers in Mississippi, Texas, Florida, Missouri, Tennessee, Florida, Georgia, Alabama, Arkansas, and Oklahoma meet their needs. Cadence Bank offers a number of tools, including small business loans and personal banking tools like checking and savings accounts.
We reached out to Cadence Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Preferred SBA Lender
- Willing to lend across all 50 U.S. States
- Cadence Bank typically prices SBA 7(a) loans at a spread over the Wall Street Journal Prime Rate and adjusts quarterly. Pricing typically ranges from Prime + 1.50% to Prime + 2.75%, depending on the characteristics of the transaction. SBA prohibits lenders from charging a loan origination fee; however, the bank is allowed to charge a packaging fee (typically $2,500 per transaction).
- Proceeds may be used for a wide range of business purposes—including, real estate acquisition or refinancing, working capital, business acquisition, inventory acquisition, startup costs, equipment acquisition, partner buyouts, and construction/leasehold improvements.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Other resources for small businesses in Tennessee
Having access to funds is important. For many companies, having advice and guidance from trusted and experienced leaders is even more important. In Tennessee, there are a few key resources to help small businesses make decisions and grow.
One of the best resources is SCORE. It is an organization built by successful business owners who share their guidance and insight with small businesses just getting started or those hoping to grow. This organization allows companies to work with mentors, attend training, engage in webinars, and get support for their unique needs. It has a main office in Chattanooga and lots of information right on its website.
The Small Business Administration in Tennessee is another valuable resource providing guidance and support for a wide range of important topics, including building businesses, formation, hiring employees, managing risks, and meeting compliance requirements. Local help and online support are available.
Looking for a small business loan in a different state?
If you want to find the best small business loans in other states, click on your state below.