SBA Loans for Machine Shops in Tennessee: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Tennessee. Based on historical SBA 7(a) lending data.
Total Approvals
6
in Tennessee
Median Loan Size
$1,375,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 6 approvals on record and a median loan size of $1,375,000.
Key trends & insights
- Machine Shops in Tennessee lending is concentrated — Grasshopper Bank, National Association, U.s. Bank, National Association, Lincoln Savings Bank together account for 50% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Grasshopper Bank, National Association leads this industry with 1 approvals (17% market share) and a median loan of $300,000.
- Machine Shops in Tennessee loans run larger than the SBA average — a $1,375,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
Most active SBA lenders for Machine Shops in Tennessee
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $300,000 | |
| 2 | 1 | $43,500 | |
| 3 | 1 | $2,250,000 | |
| 4 | 1 | $500,000 | |
| 5 | 1 | $2,321,100 | |
| 6 | 1 | $2,400,000 |
Recent SBA 7(a) approvals for Machine Shops in Tennessee
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | CenTrust Bank, A Division of SmartBiz Bank National Associat | STI*****INC | CLARKSVILLE, TN | $350,000 |
| 2025-09 | First Commonwealth Bank | Vul*****LLC | SURGOINSVILLE, TN | $300,000 |
| 2025-08 | Grasshopper Bank National Association | E. *****ANY | KNOXVILLE, TN | $300,000 |
| 2025-06 | LiftFund, Inc. | HAN*****LLC | KINGSTON, TN | $70,000 |
| 2025-04 | Newtek Bank, National Association | T43*****gns | Hohenwald, TN | $125,000 |
| 2025-01 | Readycap Lending, LLC | Exo*****LLC | Gallatin, TN | $50,000 |
| 2024-09 | Newtek Bank, National Association | KAK*****LLC | Morristown, TN | $3,100,000 |
| 2024-08 | Newtek Bank, National Association | M&P*****LLC | SEVIERVILLE, TN | $500,000 |
| 2024-07 | The Huntington National Bank | Lux*****LLC | ANTIOCH, TN | $945,400 |
| 2024-05 | Apex Bank | Smo*****LLC | Knoxville, TN | $431,000 |
| 2024-02 | U.S. Bank, National Association | SJS*****LLC | FAYETTEVILLE, TN | $43,500 |
| 2023-05 | Regions Bank | Che*****ion | KNOXVILLE, TN | $828,700 |
| 2023-03 | Centennial Bank | Ten*****nc. | Alamo, TN | $75,000 |
| 2021-08 | Regions Bank | Ste*****nc. | RIDGELY, TN | $2,321,100 |
| 2021-08 | Lincoln Savings Bank | Rus*****nc. | ARLINGTON, TN | $2,250,000 |
| 2021-07 | Pinnacle Bank | Tus*****ies | COLLIERVILLE, TN | $4,945,600 |
| 2021-02 | Harvest Small Business Finance, LLC | Rat*****nc. | Nashville, TN | $2,400,000 |
| 2021-02 | Community Trust Bank, Inc. | Tra*****LLC | DEER LODGE, TN | $532,800 |
| 2021-02 | Community Trust Bank, Inc. | Tra*****LLC | DEER LODGE, TN | $50,000 |
| 2020-12 | U.S. Bank, National Association | Meg*****LLC | Athens, TN | $793,400 |
| 2020-07 | CIBC Bank USA | Sne*****LLC | Cottontown, TN | $300,000 |
| 2020-07 | CIBC Bank USA | Sne*****LLC | Bradford, TN | $1,617,700 |
| 2019-12 | First Horizon Bank | Axe*****nc. | Gallatin, TN | $4,389,000 |
| 2019-12 | First Horizon Bank | Axe*****nc. | Gallatin, TN | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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