2,408 SBA loans worth $1.6B went to Alabama businesses between October 2021 and June 2026, from 178 lenders. Newtek Bank made the most 7(a) loans, 189 or 9% of the state's total, and the ten most active lenders made 51%. The median 7(a) loan was $250,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 17% of loans. Annual loan count rose 48% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank Bank · Miami, FL | 189 | $70.0M | $200,000 | 19% | Restaurants and hotels |
| 2 | Huntington National Bank Bank · Columbus, OH | 162 | $82.6M | $283,000 | 54% | Restaurants and hotels |
| 3 | Northeast Bank Bank · Portland, ME | 156 | $23.8M | $100,000 | 20% | Construction |
| 4 | Live Oak Banking Bank · Wilmington, NC | 104 | $156.6M | $902,500 | 34% | Agriculture, forestry and fishing |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 90 | $28.3M | $103,500 | 16% | Construction |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 90 | $9.5M | $15,000 | 96% | Transportation and warehousing |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 84 | $12.9M | $150,000 | 4% | Professional and technical services |
| 8 | Sabre Finance Non-bank lender · Birmingham, AL | 82 | $13.3M | $143,250 | 54% | Restaurants and hotels |
| 9 | BankFirst Financial Services Bank · Columbus, MS | 61 | $14.6M | $144,700 | 48% | Retail |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 54 | $22.6M | $150,000 | 74% | Construction |
| 11 | Pinnacle Bank Bank · Nashville, TN | 44 | $62.2M | $742,750 | 45% | Professional and technical services |
| 12 | SouthState Bank Bank · Winter Haven, FL | 43 | $26.8M | $331,000 | 35% | Retail |
| 13 | PNC Bank Bank · Wilmington, DE | 41 | $5.7M | $50,000 | 44% | Construction |
| 14 | Regions Bank Bank · Birmingham, AL | 39 | $22.7M | $305,000 | 28% | Professional and technical services |
| 15 | Celtic Bank Bank · Salt Lake City, UT | 35 | $10.5M | $150,000 | 11% | Construction |
| 16 | SouthPoint Bank Bank · Birmingham, AL | 33 | $29.1M | $375,000 | 64% | Restaurants and hotels |
| 17 | Renasant Bank Bank · Tupelo, MS | 31 | $28.2M | $750,000 | 29% | Agriculture, forestry and fishing |
| 18 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 31 | $21.7M | $255,000 | 29% | Retail |
| 19 | First Bank of the Lake Bank · Osage Beach, MO | 27 | $17.3M | $300,000 | 78% | Retail |
| 20 | Hancock Whitney Bank Bank · Gulfport, MS | 27 | $15.2M | $300,000 | 52% | Real estate and rental |
| 21 | River Bank and Trust Bank · Prattville, AL | 26 | $16.5M | $407,000 | 38% | Retail |
| 22 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 26 | $5.2M | $150,000 | 0% | Transportation and warehousing |
| 23 | First Financial Bank Bank · El Dorado, AR | 25 | $14.5M | $500,000 | 24% | Agriculture, forestry and fishing |
| 24 | United Community Bank Bank · Greenville, SC | 22 | $22.3M | $720,000 | 68% | Restaurants and hotels |
| 25 | Peoples Bank of Alabama Bank · Cullman, AL | 21 | $7.6M | $236,300 | 57% | Administrative and support services |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Southern Development Council Mountain Brook, AL | 92 | $94.4M | $692,000 |
| 2 | Florida Business Development Tampa, FL | 88 | $94.7M | $601,000 |
| 3 | Florida First Capital Finance Corporation Tallahassee, FL | 53 | $51.1M | $830,000 |
| 4 | Birmingham Citywide Local Development Birmingham, AL | 46 | $53.4M | $927,500 |
| 5 | Sabre Finance Birmingham, AL | 5 | $1.7M | $242,000 |
| 6 | Capital Partners Certified Development Atlanta, GA | 1 | $4.2M | $4,165,000 |
| 7 | Small Business Access Partners Gainesville, GA | 1 | $1.1M | $1,073,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 408 | $489,250 | Newtek Bank | |
| Retail | 298 | $300,000 | Northeast Bank | |
| Construction | 235 | $200,000 | Northeast Bank | |
| Other services (repair, personal care) | 228 | $250,000 | Newtek Bank | |
| Health care and social assistance | 213 | $261,000 | Huntington National Bank | |
| Professional and technical services | 183 | $177,000 | Huntington National Bank | |
| Administrative and support services | 142 | $181,500 | Newtek Bank | |
| Manufacturing | 129 | $332,000 | Newtek Bank | |
| Transportation and warehousing | 113 | $105,000 | Wells Fargo Bank | |
| Arts, entertainment and recreation | 111 | $400,000 | Huntington National Bank | |
| Wholesale trade | 77 | $329,000 | BayFirst National Bank | |
| Agriculture, forestry and fishing | 76 | $818,000 | Live Oak Banking |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Birmingham | 412 | $265.1M | $300,000 | Huntington National Bank |
| Mobile | 176 | $113.2M | $234,600 | Hancock Whitney Bank |
| Huntsville | 138 | $89.7M | $350,000 | Newtek Bank |
| Montgomery | 97 | $84.6M | $330,000 | Newtek Bank |
| Madison | 82 | $57.8M | $318,000 | Huntington National Bank |
| Pelham | 54 | $26.8M | $256,500 | BayFirst National Bank |
| Dothan | 52 | $24.3M | $293,500 | Wells Fargo Bank |
| Opelika | 51 | $25.2M | $158,000 | Florida Business Development |
| Tuscaloosa | 50 | $20.6M | $234,000 | BankFirst Financial Services |
| Trussville | 44 | $26.4M | $317,450 | BayFirst National Bank |
| Bessemer | 44 | $31.2M | $322,500 | Newtek Bank |
| Auburn | 44 | $30.6M | $250,000 | Northeast Bank |
| Cullman | 38 | $24.0M | $215,250 | Northeast Bank |
| Foley | 37 | $29.9M | $303,500 | Readycap Lending |
| Daphne | 34 | $15.6M | $216,000 | United Midwest Savings Bank |
18 Alabama cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.