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SBA Loans for Employee Leasing Services in Tennessee: Top Lenders

NAICS 561

NAICS 561 covers employee leasing services businesses in Tennessee. Based on historical SBA 7(a) lending data.

Total Approvals

27

in Tennessee

Median Loan Size

$65,000

per approval

Recent Activity

2

last 90 days through Aug 2025

NAICS 561 covers employee leasing services businesses. This is a smaller category in SBA 7(a) lending with 27 approvals on record and a median loan size of $65,000.

Key trends & insights

  • U.s. Bank, National Association leads this industry with 5 approvals (19% market share) and a median loan of $20,000.
  • Employee Leasing Services in Tennessee loans skew smaller than the SBA average at $65,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.

Most active SBA lenders for Employee Leasing Services in Tennessee

#LenderApprovalsMedian Size
1
U.s. Bank, National Association
5$20,000
2
United Midwest Savings Bank, National Association
4$150,000
3
Newtek Bank, National Association
3$50,000
4
Northeast Bank
3$50,000
5
THE Huntington National Bank
2$187,500
6
First Farmers AND Merchants Bank
2$425,000
7
Centrust Bank, A Division OF Smartbiz Bank National Associat
1$151,000
8
Readycap Lending, LLC
1$50,000
9
Newtek Small Business Finance, INC.
1$875,000
10
Citizens Bank
1$264,000
11
First Bank OF THE Lake
1$150,000
12
Commercial Bank
1$25,000
13
Wells Fargo Bank, National Association
1$5,000
14
Southstate Bank, National Association
1$100,000

Recent SBA 7(a) approvals for Employee Leasing Services in Tennessee

MonthLenderBorrowerAmount
2025-08First Bank of the LakeGat*****nc.$150,000
2025-08CenTrust Bank, A Division of SmartBiz Bank National AssociatCla*****LLC$151,000
2025-02Northeast BankBRE*****Inc$300,000
2025-01Newtek Bank, National AssociationPur*****LLC$50,000
2025-01First Farmers and Merchants BankDea*****LLC$150,000
2024-12The Huntington National BankWes*****ion$310,000
2024-12The Huntington National BankWes*****ion$65,000
2024-12Northeast BankTea*****LLC$50,000
2024-11Northeast BankWIL*****LLC$45,000
2024-11SouthState Bank, National AssociationACC*****LLC$100,000
2024-10Newtek Bank, National AssociationTea*****LLC$55,000
2024-08United Midwest Savings Bank National AssociationTri*****rge$150,000
2024-05Newtek Bank, National AssociationAug*****lle$40,000
2024-02United Midwest Savings Bank National AssociationL&M*****non$250,000
2024-02Readycap Lending, LLCOut*****ice$50,000
2023-11Readycap Lending, LLCJam*****ith$21,500
2023-02U.S. Bank, National AssociationSOU*****LLC$30,000
2023-02U.S. Bank, National AssociationHOL*****INC$20,000
2023-02Newtek Small Business Finance, Inc.Big*****LLC$875,000
2022-11Bank of America, National AssociationJ &*****LLC$150,000
2022-03First Farmers and Merchants BankJam*****ins$700,000
2021-12Citizens BankP&P*****LLC$264,000
2021-10United Midwest Savings Bank National AssociationKin*****Mop$150,000
2021-08U.S. Bank, National AssociationPet*****LLC$800,000
2021-08Wells Fargo Bank National AssociationTID*****LLC$5,000
2021-03United Midwest Savings Bank National AssociationBon*****LLC$150,000
2020-11Byline BankHon*****LLC$100,000
2020-08U.S. Bank, National AssociationCOM*****INC$10,000
2020-08Commercial BankSHI*****TEM$25,000
2020-02U.S. Bank, National AssociationBLA*****ICE$9,500
2019-11United Midwest Savings Bank National AssociationSun*****nc.$60,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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