Small business loans in Franklin, TN
Short answer
The most active SBA lenders in Franklin, TN since FY2024 are The Huntington National Bank (17 loans) and JPMorgan Chase Bank (7). The median loan was $243,500, and half fell between $130,000 and $500,000. For free help, see the Tennessee Small Business Development Center. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 117
- approved since FY2024
- $72.65M
- median loan
- $243,500
- through SBA Express
- 22.2%
Lenders making SBA loans in Franklin
No lender made more than 15% of the loans in Franklin, and The Huntington National Bank made the most. The five largest lenders together made 35%.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 17 | 14.5% |
| JPMorgan Chase Bank | 7 | 6.0% |
| Celtic Bank | 6 | 5.1% |
| Old National Bank | 6 | 5.1% |
| BayFirst National Bank | 5 | 4.3% |
Share is the percent of all Franklin loans in that period. Each name links to that lender's page for Tennessee where one exists.
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Local help near Franklin
Franklin borrowers can start with SBA's district office for Tennessee, an SBDC or SCORE.
38% of Franklin 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 Franklin
Franklin ranks 4th by loans since FY2024 among the 7 Tennessee cities with 100 or more SBA loans since FY2020. Nationally it is the 165th busiest of the 580 cities that reach 100 loans.
The 117 loans, 5.7% of the 2,049 in Tennessee, were approved for $72.7 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $243,500, 62% above the national median of $150,300. Half of the loans fell between $130,000 and $500,000. The Franklin median is 6% above the Tennessee median of $230,000.
| Measure | Franklin | Tennessee | U.S. |
|---|---|---|---|
| Loans | 117 | 2,049 | 162,355 |
| Median loan | $243,500 | $230,000 | $150,300 |
| 25th percentile | $130,000 | $75,000 | $50,000 |
| 75th percentile | $500,000 | $558,000 | $500,000 |
| Via SBA Express | 22.2% | 23.2% | 35.8% |
| Lines of credit | 18.8% | 15.7% | 28.1% |
| Startups | 29.1% | 23.9% | 16.1% |
| Ownership changes | 11.1% | 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.
75% of the loans were $500,000 or less, the size SBA Express covers. 22.2% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 18.8% 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, 50.4% of loans went to businesses more than two years old and 9.4% to businesses two years old or younger. Startups received 29.1% and changes of ownership 11.1%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 29% from FY2024 (51 loans) to FY2025 (36), the two latest full years. The busiest full year in the file was FY2024, with 51 loans. FY2026 already shows 30 loans through June 30.
Of the 82 loans Franklin 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 1,065 jobs supported across the 117 loans since FY2024, about 9.1 per loan. SBA does not audit these estimates.
What businesses in Franklin borrow for
Insurance Agencies and Brokerages was the largest borrower group in Franklin, with 6 loans or 5.1% of the total.
The five largest industries made up 23% of all Franklin loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Insurance Agencies and Brokerages | 6 | 5.1% | 1.1% |
| Limited-Service Restaurants | 6 | 5.1% | 3.3% |
| Full-Service Restaurants | 5 | 4.3% | 4.6% |
| General Automotive Repair | 5 | 4.3% | 1.5% |
| Residential Remodelers | 5 | 4.3% | 2.3% |
Share is the percent of all Franklin 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 Franklin
The median Franklin loan was $243,500 with a median term of 10 years.
The median variable-rate loan in Franklin was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $243,500 over 10 years, principal and interest would come to about $3,184 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $130,000 | $1,700 |
| Median loan | $243,500 | $3,184 |
| 75th percentile loan | $500,000 | $6,539 |
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 $243,500 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Franklin loans approved since FY2024 had a median starting rate of 10.5% 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 $250,000 loan and SBA Express payment calculator.
SBA 504 loans near Franklin
The 504 file lists fewer than five loans in Franklin since FY2020.
That is too few to publish a count, a dollar total or a median for Franklin.
No Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) is named on five or more 504 loans in Franklin, so the list below is Tennessee's. Brightbridge, Inc. is named on the most there, 44 loans since FY2024.
| Certified Development Company | 504 loans |
|---|---|
| Brightbridge, Inc. | 44 |
| South Central Tennessee Business Development Corporation | 13 |
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 Franklin
Franklin made up 5.7% of Tennessee's SBA loans since FY2024.
Franklin 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 Franklin
Which lenders make the most SBA loans in Franklin?
The Huntington National Bank leads with 17 loans in Franklin since FY2024. JPMorgan Chase Bank (7) and Celtic Bank (6) follow. Only lenders with five or more Franklin loans are counted.
Which industries get SBA loans in Franklin?
Insurance Agencies and Brokerages leads with 6 loans in Franklin since FY2024. Limited-Service Restaurants (6) and Full-Service Restaurants (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)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Franklin, TN. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/tennessee-small-business-loans/franklin/
Ask lending partners about a loan in Franklin
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.