| $150,000–350,000 | UNIVERSAL COMPANIES INC. | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | UNIVERSAL SECURITY LLC | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | URBAN ARCH ASSOCIATES, P.C. | MEMPHIS, TN | Cadence Bank |
| $150,000–350,000 | URBAN PROPERTY MANAGEMENT, LLC | MEMPHIS, TN | Paragon Bank |
| $150,000–350,000 | USA INVESTMENTS LLC | MEMPHIS, TN | Guaranty Bank & Trust Company |
| $350,000–1 million | UWT LOGISTICS LLC | MEMPHIS, TN | IberiaBank, A Division of First Horizon Bank |
| $150,000–350,000 | VALUE HOME MAINTENANCE, LLC | MEMPHIS, TN | Paragon Bank |
| $150,000–350,000 | VALUE LOGISTICS, INC. | MEMPHIS, TN | Cadence Bank |
| $1–2 million | VANGUARD SOAP | MEMPHIS, TN | Evolve Bank and Trust |
| $150,000–350,000 | VECTAIR SYSTEMS INC | MEMPHIS, TN | Wells Fargo Bank, National Association |
| $150,000–350,000 | VERZOSA & UNGAB INTERNAL MEDICINE ASSOCIATES, PC | MEMPHIS, TN | Cadence Bank |
| $150,000–350,000 | VIA PRODUCTIONS, LLC | MEMPHIS, TN | Simmons Bank |
| $150,000–350,000 | VIBRANT MEMPHIS, INC | MEMPHIS, TN | Independent Bank |
| $350,000–1 million | VILLAGE MART LLC | MEMPHIS, TN | Pinnacle Bank |
| $350,000–1 million | VISIBLE MUSIC COLLEGE | MEMPHIS, TN | Pinnacle Bank |
| $150,000–350,000 | VISION MEMPHIS LLC | MEMPHIS, TN | Pinnacle Bank |
| $350,000–1 million | VISION PREPARATORY CHARTER SCHOOL, INC | MEMPHIS, TN | Truist Bank |
| $350,000–1 million | VRF EYE SPECIALTY GROUP, PLC | MEMPHIS, TN | Trustmark National Bank |
| $150,000–350,000 | VUCON, LLC | MEMPHIS, TN | Pinnacle Bank |
| $150,000–350,000 | VULCAN LENDING I, LLC | MEMPHIS, TN | Simmons Bank |
| $150,000–350,000 | W. H. PORTER CONSULTANTS, PLLC | MEMPHIS, TN | Independent Bank |
| $350,000–1 million | WAGNER GENERAL CONTRACTORS, INCORPORATED | MEMPHIS, TN | Pinnacle Bank |
| $150,000–350,000 | WALLY JOE LLC | MEMPHIS, TN | Itria Ventures LLC |
| $150,000–350,000 | WALTER M. FIELDS LUMBER CO., INC. | MEMPHIS, TN | Pinnacle Bank |
| $150,000–350,000 | WATERPROOFING SYSTEMS, INC. | MEMPHIS, TN | First Horizon Bank |
| $1–2 million | WATKINS UIBERALL, PLLC | MEMPHIS, TN | Renasant Bank |
| $150,000–350,000 | WATSONS OF MEMPHIS, INC. | MEMPHIS, TN | Commercial Bank and Trust Company |
| $150,000–350,000 | WCL, INC. | MEMPHIS, TN | Guaranty Bank & Trust Company |
| $1–2 million | WECARE SERVICES, INC. | MEMPHIS, TN | Paragon Bank |
| $1–2 million | WELL CHILD INC | MEMPHIS, TN | First Horizon Bank |
| $5–10 million | WENDELTA, INC | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | WENDY'S ON FRONT, INC | MEMPHIS, TN | Community Bank of Mississippi |
| $1–2 million | WEPFER MARINE, INC. | MEMPHIS, TN | Paragon Bank |
| $350,000–1 million | WESLEY KRAKER ENTERPRISES, INC. | MEMPHIS, TN | Commercial Bank and Trust Company |
| $150,000–350,000 | WEST TENNESSEE EYE CARE, P.C. | MEMPHIS, TN | Commercial Bank and Trust Company |
| $150,000–350,000 | WEST TENNESSEE ORNAMENT DOOR CO., INC | MEMPHIS, TN | First Horizon Bank |
| $350,000–1 million | WEXNER COMPANIES INC & SUBS | MEMPHIS, TN | Pinnacle Bank |
| $150,000–350,000 | WHAT ABOUT US IN HOME HEALTHCARE INC | MEMPHIS, TN | Renasant Bank |
| $350,000–1 million | WHITE EVENT GROUP | MEMPHIS, TN | Renasant Bank |
| $1–2 million | WHITE OAK MOARK, LLC | MEMPHIS, TN | Guaranty Bank & Trust Company |
| $350,000–1 million | WHITE PLUMBING & MECHANICAL CONTRACTORS, INC. | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | WHITEHORN TANKERSLEY & DAVIS, PLLC | MEMPHIS, TN | Paragon Bank |
| $150,000–350,000 | WHOLE CHILD STRATEGIES, INC. | MEMPHIS, TN | First Horizon Bank |
| $1–2 million | WHOLESALE GLASS DISTRIBUTORS | MEMPHIS, TN | Commercial Bank and Trust Company |
| $350,000–1 million | WILLIAM R MOORE COLLEGE OF TECHNOLOGY | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | WILLIAMS MCDANIEL, PLLC | MEMPHIS, TN | Pinnacle Bank |
| $150,000–350,000 | WILSON AIR CENTER - HOUSTON, LLC | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | WILSON AIR CENTER, LLC | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | WINDSOR MANAGEMENT, LLC | MEMPHIS, TN | First Horizon Bank |
| $350,000–1 million | WINDYKE COUNTRY CLUB, INC. | MEMPHIS, TN | Truist Bank |
| $150,000–350,000 | WISEACRE, LLC | MEMPHIS, TN | First Horizon Bank |
| $350,000–1 million | WIT-CON, LLC | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | WOLFF ARDIS P.C. | MEMPHIS, TN | Paragon Bank |
| $150,000–350,000 | WOLFLAKE INVESTMENT GROUP, LLC | MEMPHIS, TN | First Horizon Bank |
| $1–2 million | WOMEN'S CARE CENTER OF MEMPHIS | MEMPHIS, TN | First Horizon Bank |
| $350,000–1 million | WOODLAND PRESBYTERIAN SCHOOL | MEMPHIS, TN | Paragon Bank |
| $350,000–1 million | WOODLAND TREE SERVICE, L.L.C. | MEMPHIS, TN | Pinnacle Bank |
| $350,000–1 million | WOODSON AND BOZEMAN, INC | MEMPHIS, TN | First Horizon Bank |
| $150,000–350,000 | WOODWARD CASE, INC. | MEMPHIS, TN | Pinnacle Bank |
| $1–2 million | WOOTEN TRANSPORTS, INC. | MEMPHIS, TN | Independent Bank |
| $1–2 million | WORKING SOLUTIONS OF MEMPHIS, LLC | MEMPHIS, TN | The Citizens National Bank of Meridian |
| $150,000–350,000 | WORLD OVERCOMERS OUTREACH MINISTRIES CHURCH | MEMPHIS, TN | Liberty Bank and Trust Company |
| $350,000–1 million | WORLDS AWAY LLC | MEMPHIS, TN | Independent Bank |
| $350,000–1 million | WRIGHT INVESTMENTS, INC | MEMPHIS, TN | Simmons Bank |
| $150,000–350,000 | YBOS & SONS CONSTRUCTION | MEMPHIS, TN | Bank3 |
| $150,000–350,000 | YULETIDE OFFICE SUPPLY | MEMPHIS, TN | Independent Bank |
| $150,000–350,000 | ZELLNER CONSTRUCTION SERVICES, LLC | MEMPHIS, TN | Bank of Bartlett |
| $150,000–350,000 | ZIP PRODUCTS, INC. | MEMPHIS, TN | Simmons Bank |