SBA Loans for NAICS 532 in Tennessee: Top Lenders
NAICS 532NAICS 532 covers passenger car rental businesses in Tennessee. Based on historical SBA 7(a) lending data.
Total Approvals
7
in Tennessee
Median Loan Size
$900,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 532 covers passenger car rental businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $900,000.
Key trends & insights
- NAICS 532 in Tennessee lending is concentrated — Byline Bank, THE Bank OF Houston, Newtek Small Business Finance, INC. together account for 57% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Byline Bank leads this industry with 2 approvals (29% market share) and a median loan of $1,548,500.
- NAICS 532 in Tennessee loans run larger than the SBA average — a $900,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2024-08-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for NAICS 532 in Tennessee
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,548,500 | |
| 2 | 1 | $900,000 | |
| 3 | 1 | $318,000 | |
| 4 | 1 | $4,691,000 | |
| 5 | 1 | $3,387,900 | |
| 6 | 1 | $400,000 |
Recent SBA 7(a) approvals for NAICS 532 in Tennessee
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | Byline Bank | Cor*****.C. | HOHENWALD, TN | $2,847,000 |
| 2024-08 | Byline Bank | Cor*****LLC | HOHENWALD, TN | $250,000 |
| 2024-07 | Newtek Bank, National Association | Ado*****lle | Nashville, TN | $325,000 |
| 2023-12 | Newtek Bank, National Association | Wor*****und | Nashville, TN | $400,000 |
| 2023-08 | Centerstone SBA Lending, Inc. | COK*****ANY | POWELL, TN | $4,691,000 |
| 2023-06 | The Bank of Houston | Com*****LLC | Chattanooga, TN | $900,000 |
| 2022-10 | Newtek Small Business Finance, Inc. | Wor*****und | NASHVILLE, TN | $318,000 |
| 2020-08 | United Community Bank | DIG*****INC | Nashville, TN | $3,387,900 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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