First Horizon Bank
At a Glance
A Preferred Lender whose own words put a conventional loan beside the guaranteed one above the ceiling and name a partner buyout; the desk is real and the site hides its people behind a script.
- Pricing
- Custom Pricing, Loan products. Its SBA page restates the program's 7(a) ceiling and says companion non-SBA financing may be available above it, an Express line from $25,000 to the program's ceiling, and 504 project financing up to $13 million, printed on its page as a loan amount. Terms are twenty-five years for real estate and ten for all other purposes, with a blended term where real estate is under half the proceeds. No prepayment penalty under fifteen years, with three weeks' notice for a large paydown, and the program's five, three and one percent penalty on longer terms by its questions page. Its own term loan runs from $25,000 to $3 million secured.
- Best For
- A buyer in the Southeast who wants a Preferred Lender that says in its own words it can put a conventional loan beside the SBA loan above the ceiling, and will work through a branch banker and a web form.
- Roadmap Stages
- 5. Diligence & Close the Deal
Pros and Cons
Pros
- An SBA Preferred Lender in its own words, with a dedicated SBA customer experience specialist and a team of SBA bankers
- Names acquisitions among its 7(a) uses and business acquisitions and a partner buyout on its questions page
- Says companion non-SBA financing may be available for requests above the program's ceiling, and that a conventional loan can sit beside the SBA loan
- Publishes its timeline: one to two weeks to underwrite a complete application and twenty to twenty-five business days to close
Cons
- Its site is a script shell to every reader but a browser, so its SBA banker directory was not read here and no SBA banker is named
- States no lending geography on any page; its footprint is read from its location addresses and the state list on its SBA lending form
- Its 7(a) list puts acquisitions sixth of seven, and its page data carries a migration note reading manual follow-up required
- Names no search fund, searcher or acquisition entrepreneur
What Searchers Say
Read out of the page data behind its SBA loans, questions, process overview, term loans, SBA lending form, small business, commercial banking, specialty finance, about, history and newsroom pages, since the pages themselves render by script. No searcher-forum discussion of the desk was found.