SBA 504 Loans in Knoxville, TN
Find lenders offering sba 504 loans in the Knoxville, including Maryville, Farragut, Oak Ridge, and surrounding areas. Compare rates, terms, and programs from 20 lenders.
SBA 504 Lenders Serving Knoxville
20 lenders offering sba 504 loans in the Knoxville, TN area.
First Horizon Bank
Local SBAMEMPHIS, TN
Memphis-based regional bank offering SBA 7(a) loans, commercial real estate, equipment financing, and treasury management. One of the largest banks in the Southeast with a strong small business lending program.
Brightbridge, Inc.
Local SBAChattanooga, TN
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
SBALOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
Enterprise Bank & Trust
SBACLAYTON, MO
Midwest-based bank and top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate financing, and specialty lending for industries like healthcare and professional services.
Cadence Bank
SBATUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
United Community Bank
SBAGreenville, SC
Regional bank serving the Southeast and an SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and comprehensive business banking.
First-Citizens Bank & Trust Company
SBARALEIGH, NC
One of the largest family-controlled banks in the U.S., headquartered in Raleigh, NC. Offers SBA 7(a) and 504 loans, commercial real estate, equipment financing, and lines of credit for businesses nationwide.
Knoxville Commercial Real Estate Market
Knoxville's CRE market is anchored by the University of Tennessee's flagship campus, Oak Ridge National Laboratory, and the Tennessee Valley Authority headquarters, creating a stable base of institutional and government tenants. The downtown core has experienced a revival centered on Market Square and Gay Street, where historic buildings have been converted into boutique hotels, restaurants, and creative office spaces. The Pellissippi Parkway technology corridor connects the university, Oak Ridge, and suburban office parks in Farragut, forming the primary axis for tech and engineering firms. The Alcoa Highway and Turkey Creek submarkets serve as major retail and medical office nodes, with Covenant Health and the University of Tennessee Medical Center driving healthcare-related CRE demand.
Key Economic Drivers
- ●University of Tennessee flagship campus with 30,000+ students and its research park operations
- ●Oak Ridge National Laboratory, the Department of Energy's largest science and energy lab
- ●Tennessee Valley Authority headquarters and regional operations center
- ●Pellissippi Parkway technology corridor linking UT, Oak Ridge, and suburban corporate campuses
Market Insight
Oak Ridge National Laboratory's role as a hub for advanced manufacturing, supercomputing, and nuclear research has attracted a cluster of defense contractors and tech firms to the Pellissippi Parkway corridor, creating a specialized submarket for R&D and secure-facility properties.
SBA 504 Loans in Knoxville, Tennessee
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Knoxville metro area, borrowers can access 20 lenders offering SBA 504 financing, including Maryville, Farragut, Oak Ridge, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who Should Consider SBA 504 Loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
Key Requirements
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
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