SBA Loans for Taxi Service in Tennessee: Top Lenders
NAICS 485NAICS 485 covers taxi service businesses in Tennessee. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Tennessee
Median Loan Size
$101,000
per approval
Recent Activity
0
last 90 days through Jun 2024
NAICS 485 covers taxi service businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $101,000.
Key trends & insights
- Taxi Service in Tennessee lending is concentrated — City National Bank, Trustmark Bank, Northeast Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- City National Bank leads this industry with 1 approvals (33% market share) and a median loan of $700,000.
- Taxi Service in Tennessee loans skew smaller than the SBA average at $101,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2024-06-22 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Taxi Service in Tennessee
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $700,000 | |
| 2 | 1 | $101,000 | |
| 3 | 1 | $42,500 |
Recent SBA 7(a) approvals for Taxi Service in Tennessee
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-06 | Trustmark Bank | Urb*****Inc | MEMPHIS, TN | $101,000 |
| 2024-04 | Northeast Bank | KAM*****LC. | Nashville, TN | $42,500 |
| 2023-08 | U.S. Bank, National Association | NAS*****LLC | NASHVILLE, TN | $43,000 |
| 2023-02 | Wells Fargo Bank National Association | H A*****LLC | MEMPHIS, TN | $15,000 |
| 2022-11 | City National Bank | Med*****nc. | JAMESTOWN, TN | $700,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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