McKenzie Banking Company, A Division of Foundation Bank
McKenzie Banking Company, A Division of Foundation Bank is an active SBA lender in Tennessee, a bank offering SBA-guaranteed small-business loans. Currently rated 4.4 stars across 157 Google reviews.
$2M
in SBA approvals since 2018
5
SBA loans funded
General Retail · Cleaning, Landscaping & Janitorial · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About McKenzie Banking Company, A Division of Foundation Bank
Offering comprehensive SBA lending services, this commercial bank specializes in supporting small businesses with tailored financing options. With a focus on SBA 7(a) loans, they assist entrepreneurs in securing funding for various needs including working capital, equipment, and expansion projects. Their experienced team provides guidance throughout the application process, ensuring clients understand their options and requirements. Located in McKenzie, TN, the bank leverages its local presence to foster strong relationships with the community and local businesses. They support a wide range of industries, with particular strength in sectors like services and retail. The bank's commitment to small business growth is evident in their flexible loan programs and personalized service. Whether you're a startup or an established company, they aim to simplify the borrowing process and help you achieve your business goals.
Common questions about McKenzie Banking Company, A Division of Foundation Bank
What is this place and what can I find here?
This is a commercial bank that offers SBA loan programs to small businesses, providing financing solutions tailored to various business needs. You can find assistance with SBA 7(a) loans, guidance on application processes, and personalized financial support to help grow your business.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability. Calling ahead can help you prepare and streamline your visit.
What are the hours of operation?
McKenzie Banking Company, A Division of Foundation Bank's main office in McKenzie operates Monday through Thursday 8:30 AM to 4:30 PM and Friday 8:30 AM to 5:00 PM (drive-thru opens at 8:00 AM). Hours vary by branch location—confirm directly with your preferred branch.
Is there a fee to use this?
There are no fees for simply inquiring or applying for SBA loans, but standard loan fees and closing costs may apply depending on the loan terms. The bank provides transparent fee information during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the McKenzie area. Business eligibility depends on meeting SBA and bank-specific criteria, but they welcome applications from qualifying small businesses within their service region.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally preferred, though higher scores can improve the chances of approval and better loan terms.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the completeness of your application and the complexity of your financial situation.
Is this open on weekends?
No, McKenzie Banking Company, A Division of Foundation Bank is not open on weekends. All locations operate Monday through Friday only.
How do I get there and where do I park?
McKenzie Banking Company, A Division of Foundation Bank is located in Tennessee — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for McKenzie Banking Company, A Division of Foundation Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by McKenzie Banking Company, A Division of Foundation Bank itself, which runs its own lending under its own ownership. If you work at McKenzie Banking Company, A Division of Foundation Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for McKenzie Banking Company, A Division of Foundation Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with McKenzie Banking Company, A Division of Foundation Bank before applying. If you represent McKenzie Banking Company, A Division of Foundation Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach McKenzie Banking Company, A Division of Foundation Bank by phone at (731) 352-2262, (731) 642-3130, or email info@foundationbank.org. An online contact form is also available at foundationbank.org/contact/—confirm details directly with the lender.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, McKenzie Banking Company, A Division of Foundation Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask McKenzie Banking Company, A Division of Foundation Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether McKenzie Banking Company, A Division of Foundation Bank participates in SBA Express depends on its specific SBA lending authority. Contact McKenzie Banking Company, A Division of Foundation Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. McKenzie Banking Company, A Division of Foundation Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. McKenzie Banking Company, A Division of Foundation Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask McKenzie Banking Company, A Division of Foundation Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask McKenzie Banking Company, A Division of Foundation Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask McKenzie Banking Company, A Division of Foundation Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with McKenzie Banking Company, A Division of Foundation Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. McKenzie Banking Company, A Division of Foundation Bank weighs this case by case under its own policy, so be upfront about your history and ask McKenzie Banking Company, A Division of Foundation Bank how it evaluates prior bankruptcies.
