MyLenderPilot

SBA Loans for Electrical Contractors in Tennessee: Top Lenders

NAICS 238

NAICS 238 covers electrical contractors businesses in Tennessee. Based on historical SBA 7(a) lending data.

Total Approvals

91

in Tennessee

Median Loan Size

$150,000

per approval

Recent Activity

4

last 90 days through Nov 2025

NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 91 approvals on record and a median loan size of $150,000.

Key trends & insights

  • U.s. Bank, National Association leads this industry with 24 approvals (28% market share) and a median loan of $32,500.
  • Electrical Contractors in Tennessee loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.

Most active SBA lenders for Electrical Contractors in Tennessee

#LenderApprovalsMedian Size
1
U.s. Bank, National Association
24$32,500
2
THE Huntington National Bank
11$200,000
3
Pinnacle Bank
8$283,500
4
United Midwest Savings Bank, National Association
6$150,000
5
Newtek Bank, National Association
5$170,000
6
Bank OF America, National Association
5$200,000
7
First Horizon Bank
4$1,426,000
8
Readycap Lending, LLC
4$67,250
9
Live OAK Banking Company
3$350,000
10
Cadence Bank
2$240,000
11
Lendistry Sblc, LLC
2$161,350
12
Newtek Small Business Finance, INC.
2$342,500
13
Dogwood State Bank
2$427,500
14
Northeast Bank
2$58,500
15
THE First Bank AND Trust Company
2$150,000
16
Incrediblebank
1$633,000
17
Bayfirst National Bank
1$30,000
18
THE Bancorp Bank, National Association
1$470,000
19
Truist Bank
1$537,000
20
United Community Bank
1$2,675,000

Recent SBA 7(a) approvals for Electrical Contractors in Tennessee

MonthLenderBorrowerAmount
2025-11Lendistry SBLC, LLCOMA*****lio$172,700
2025-08Live Oak Banking CompanySyc*****Inc$350,000
2025-08U.S. Bank, National AssociationSCO*****LLC$13,500
2025-07U.S. Bank, National AssociationFAC*****LLC$25,000
2025-04Newtek Bank, National AssociationIng*****Inc$250,000
2025-03U.S. Bank, National AssociationJet*****LLC$150,000
2025-03U.S. Bank, National AssociationJet*****LLC$384,900
2025-03United Midwest Savings Bank National AssociationBLR*****LLE$150,000
2025-02U.S. Bank, National AssociationAUS*****LIN$30,000
2025-02Cadence BankMcC*****Inc$375,000
2025-02Newtek Bank, National AssociationThe*****use$170,000
2025-02Wells Fargo Bank National AssociationTHR*****LLC$10,000
2025-02Lendistry SBLC, LLCDir*****LLC$150,000
2025-01Bank of America, National AssociationJ.C*****NC.$400,000
2025-01United Midwest Savings Bank National AssociationSte*****lle$150,000
2024-11Northeast BankDIV*****LLC$42,000
2024-10U.S. Bank, National AssociationFOU*****LLC$25,000
2024-10The Huntington National BankSWB*****LLC$200,000
2024-10The Huntington National BankSWB*****LLC$2,670,000
2024-10Northeast BankC &*****Air$75,000
2024-08U.S. Bank, National AssociationACE*****LLC$60,000
2024-08Bank of America, National AssociationBri*****LLC$300,000
2024-06United Community BankNew*****ion$2,675,000
2024-05Readycap Lending, LLCWow*****ing$50,000
2024-03U.S. Bank, National AssociationSEN*****MAN$40,000
2024-02Readycap Lending, LLCAir*****ing$215,000
2024-02Readycap Lending, LLCImp*****LLC$20,000
2024-01Newtek Bank, National AssociationMy *****LLC$200,000
2024-01Pinnacle BankAle*****LLC$150,000
2024-01Newtek Bank, National AssociationFiv*****lle$100,000
2024-01Newtek Bank, National AssociationArm*****LLC$100,000
2023-08Dogwood State BankMNM*****Inc$505,000
2023-08Dogwood State BankMNM*****Inc$350,000
2023-08The Huntington National BankMAX*****LLC$50,000
2023-08United Midwest Savings Bank National AssociationFog*****LLC$150,000
2023-08Pinnacle BankMAS*****LLC$404,500
2023-07Pinnacle BankOak*****LLC$200,000
2023-07Pinnacle BankOak*****LLC$217,000
2023-06United Midwest Savings Bank National AssociationSer*****LLC$150,000
2023-06The Huntington National BankStr*****LLC$702,000
2023-06The Huntington National BankStr*****LLC$50,000
2023-05U.S. Bank, National AssociationWSB*****LLC$40,000
2023-04U.S. Bank, National AssociationNOH*****LLC$17,000
2023-04U.S. Bank, National AssociationZEB*****LLC$50,000
2023-04U.S. Bank, National AssociationIMP*****LLC$31,000
2023-02U.S. Bank, National AssociationJ&G*****LLC$20,000
2023-02U.S. Bank, National AssociationMOR*****INC$20,000
2023-02The Bancorp Bank National AssociationDay*****any$470,000
2023-01First Bank of the LakeGen*****nc.$5,000,000
2022-12The Huntington National BankLow*****LLC$50,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Save your lender shortlist & build your packet

Answer 2 more questions to refine your ranking and export a lender-ready packet.

Save & export my packet