Tennessee SBA director lists state’s top lenders

Early figures indicate an upward trajectory for small business lending in Tennessee and that’s good news, says Walter Perry, Tennessee District Director for the U.S. Small Business Administration.

Perry’s office in Nashville has released the top SBA lenders in Tennessee through the third quarter of fiscal 2013, which ended in June. Coming in at No. 3 on the list is Memphis-based Triumph Bank, which has made nearly $8 million in small business loans during the last three fiscal quarters.

Small business lending in the state is up, Perry said, increasing 9 percent over the same period last year. The total for small business loans in Tennessee as of June 30 is $175 million, through 319 loans.

Here’s the list from Perry about the state’s top small business lenders:

1.  U.S. Bank National Association: $9.8 million, 47 loans

2. Live Oak Banking Company: $8 million, 12 loans

3. Triumph Bank: $7.8 million, 8 loans

4. United Community Bank: $6.2 million, 5 loans

5. Brightbridge: $6.2 million, 8 loans

6. First State Bank: $5.7 million, 11 loans

7. Suntrust Bank: $5.6 million, 13 loans

8. First Partners Bank: $5.6 million, 2 loans

9. Wells Fargo Bank: $5.5 million, 13 loans

10. Cornerstone Bank: $4.9 million, 6 loans

And here are the top ten banks in loan volume:

1. U.S. Bank National Association: 47 loans, $9.8 million

2. Superior Financial Group: 20 loans, $220,000

3. Suntrust Bank: 13 loans, $5.6 million

4. Wells Fargo Bank: 13 loans, $5.5 million

5. Live Oak Banking Company: 12 loans, $8 million

6. First State Bank: 11 loans, $5.7 million

7. Synovus Bank: 10 loans, $4.3 million

8. Triumph Bank: 8 loans, $7.8 million

9. Brightbridge: 8 loans,  $6.2 million

10. First Advantage Bank: 8 loans, $4.1 million

For more information on the SBA and to locate resources for small businesses, visit www.sba.gov

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