States Served
Top Industries Financed
- Fitness and Recreational Sports Centers
- Child Day Care Services
- Poultry Hatcheries
- Other Personal Care Services
- Bed-and-Breakfast Inns
Quick Summary
Paragon Bank is an SBA-approved lender headquartered in Memphis, Tennessee. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 111 SBA 7(a) loans totaling $130.2M, with an average loan size of $1.2M. They serve businesses across 28 states.
About Paragon Bank
Paragon Bank is an SBA-approved lender headquartered in Memphis, Tennessee. Since 2020, they have approved 111 SBA 7(a) loans totaling $130.2M, with an average loan size of $1.2M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 28 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Paragon Bank an SBA Preferred Lender?
Yes, Paragon Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Paragon Bank approved?
According to SBA FOIA public records, Paragon Bank has approved 111 SBA 7(a) loans totaling $130.2M since 2020. Their average loan size is $1.2M.
What states does Paragon Bank serve?
Paragon Bank serves businesses in 28 states: Alabama, Arizona, California, Colorado, Florida, Georgia, Iowa, Idaho, Indiana, Kentucky, Massachusetts, Maryland, Michigan, Minnesota, Montana, North Carolina, New Jersey, New York, Ohio, Pennsylvania, PR, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, West Virginia.
How do I apply for an SBA loan with Paragon Bank?
To apply for an SBA 7(a) loan with Paragon Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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