Small business loans in Chattanooga, TN
Short answer
The most active SBA lenders in Chattanooga, TN since FY2024 are The Huntington National Bank (18 loans) and Readycap Lending, LLC (7). The median loan was $300,000, and half fell between $131,825 and $708,925. For free help, see the Tennessee Small Business Development Center. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 80
- approved since FY2024
- $56.63M
- median loan
- $300,000
- through SBA Express
- 17.5%
Lenders making SBA loans in Chattanooga
No lender made more than 22% of the loans in Chattanooga, and The Huntington National Bank made the most. The four largest lenders together made 45%.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 18 | 22.5% |
| Readycap Lending, LLCNon-bank lender | 7 | 8.8% |
| Pinnacle Bank | 6 | 7.5% |
| Newtek Bank | 5 | 6.2% |
Share is the percent of all Chattanooga loans in that period. Each name links to that lender's page for Tennessee where one exists.
Chattanooga has four lenders with five or more loans since FY2024. Others had fewer, and the Tennessee page counts 170 lenders with at least one approved loan statewide.
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Local help near Chattanooga
Chattanooga borrowers can start with SBA's district office for Tennessee, an SBDC or SCORE.
35% of Chattanooga borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for Tennessee. Its page points to state and federal resources and to lenders in the area. The Tennessee Small Business Development Center gives free counseling across Tennessee.
- SBA Tennessee District OfficeSBA district office
- Tennessee Small Business Development CenterSmall Business Development Center
- SCORE mentors in TennesseeBusiness mentoring
Alongside SBA loans, Tennessee runs a loan program. The Tennessee page describes it, and the official page is linked here.
Loan counts and sizes in Chattanooga
Chattanooga ranks 7th by loans since FY2024 among the 7 Tennessee cities with 100 or more SBA loans since FY2020. Nationally it is the 291st busiest of the 580 cities that reach 100 loans.
The 80 loans, 3.9% of the 2,049 in Tennessee, were approved for $56.6 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $300,000, 100% above the national median of $150,300. Half of the loans fell between $131,825 and $708,925. The Chattanooga median is 30% above the Tennessee median of $230,000.
| Measure | Chattanooga | Tennessee | U.S. |
|---|---|---|---|
| Loans | 80 | 2,049 | 162,355 |
| Median loan | $300,000 | $230,000 | $150,300 |
| 25th percentile | $131,825 | $75,000 | $50,000 |
| 75th percentile | $708,925 | $558,000 | $500,000 |
| Via SBA Express | 17.5% | 23.2% | 35.8% |
| Lines of credit | 16.2% | 15.7% | 28.1% |
| Startups | 23.8% | 23.9% | 16.1% |
| Ownership changes | 15.0% | 10.8% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 3.5% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
70% of the loans were $500,000 or less, the size SBA Express covers. 17.5% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 16.2% of loans, below the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 50.0% of loans went to businesses more than two years old and 11.2% to businesses two years old or younger. Startups received 23.8% and changes of ownership 15.0%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume held steady from FY2024 (33 loans) to FY2025 (34), the two latest full years. The busiest full year in the file was FY2025, with 34 loans. FY2026 already shows 13 loans through June 30.
Of the 62 loans Chattanooga borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 671 jobs supported across the 80 loans since FY2024, about 8.4 per loan. SBA does not audit these estimates.
What businesses in Chattanooga borrow for
Full-Service Restaurants was the largest borrower group in Chattanooga, with 5 loans or 6.2% of the total.
The three largest industries made up 19% of all Chattanooga loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 5 | 6.2% | 4.6% |
| Insurance Agencies and Brokerages | 5 | 6.2% | 1.1% |
| Other Personal Care Services | 5 | 6.2% | 1.2% |
Share is the percent of all Chattanooga loans in that period. Industry is the NAICS code on each loan. A name links to the Tennessee page for that industry where one exists.
A typical loan payment in Chattanooga
The median Chattanooga loan was $300,000 with a median term of 10 years.
The median variable-rate loan in Chattanooga was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $300,000 over 10 years, principal and interest would come to about $3,923 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $131,825 | $1,724 |
| Median loan | $300,000 | $3,923 |
| 75th percentile loan | $708,925 | $9,271 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $300,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Chattanooga loans approved since FY2024 had a median starting rate of 10% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $300,000 loan and SBA Express payment calculator.
SBA 504 loans near Chattanooga
Chattanooga has 5 SBA 504 loans since FY2024, with $11.9 million in SBA and CDC dollars.
The median 504 loan in Chattanooga was $2,059,000 in SBA and CDC dollars, 41% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Brightbridge, Inc. is the one Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on five or more loans, 15 since FY2020.
| Certified Development Company | 504 loans |
|---|---|
| Brightbridge, Inc. | 15 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Tennessee cities near Chattanooga
Chattanooga made up 3.9% of Tennessee's SBA loans since FY2024.
Chattanooga is one of 7 Tennessee cities with 100 or more SBA loans since FY2020. The Tennessee page covers all 2,049 loans in Tennessee. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Chattanooga
Which lenders make the most SBA loans in Chattanooga?
The Huntington National Bank leads with 18 loans in Chattanooga since FY2024. Readycap Lending, LLC (7) and Pinnacle Bank (6) follow. Only lenders with five or more Chattanooga loans are counted.
Which industries get SBA loans in Chattanooga?
Full-Service Restaurants leads with 5 loans in Chattanooga since FY2024. Insurance Agencies and Brokerages (5) and Other Personal Care Services (5) follow.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Tennessee District Office
- Tennessee Small Business Development Center
- SCORE, Tennessee
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Chattanooga, TN. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/tennessee-small-business-loans/chattanooga/
Ask lending partners about a loan in Chattanooga
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.