| $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 | 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 |
| $150,000–350,000 | WEBNET MEMPHIS INC. | MEMPHIS, TN | Regions Bank |
| $1–2 million | WECARE SERVICES, INC. | MEMPHIS, TN | Paragon Bank |
| $1–2 million | WELL CHILD INC | MEMPHIS, TN | First Horizon Bank |
| $350,000–1 million | WENCO AUTO GROUP, INC. | MEMPHIS, TN | Regions 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 - MEMPHIS, INC. | 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 | WHITNEY FRENCH DBA TWINKLE LUX SKINCARE | MEMPHIS, TN | Celtic Bank Corporation |
| $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 | WILKINSON & SNOWDEN INC. | MEMPHIS, TN | FirstBank |
| $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 d/b/a Branch Banking & Trust Co |
| $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 | WOODS PAINTING COMPANY | MEMPHIS, TN | Kabbage, Inc. |
| $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 | Tri-State Bank of Memphis |
| $350,000–1 million | WORLDS AWAY LLC | MEMPHIS, TN | Independent Bank |
| $350,000–1 million | WRIGHT INVESTMENTS, INC | MEMPHIS, TN | Triumph Bank |
| $150,000–350,000 | WRIGHT WAY ENTERPRISE LLC | MEMPHIS, TN | Celtic Bank Corporation |
| $150,000–350,000 | Y TECHNOLOGIES | MEMPHIS, TN | MBE Capital Partners |
| $150,000–350,000 | Y&W TECHNOLOGIES, LLC | MEMPHIS, TN | Truist Bank d/b/a Branch Banking & Trust Co |
| $150,000–350,000 | YBOS & SONS CONSTRUCTION | MEMPHIS, TN | Bank3 |
| $150,000–350,000 | YULETIDE OFFICE SUPPLY, INC. | 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 | Triumph Bank |