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County4th of 64 in Alabama by approvalsFIPS 01003
SBA loans in Baldwin County, Alabama
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Baldwin County, Alabama, received 208 SBA loan approvals worth $154M in FY2021 to FY2025 (190 7(a), 18 504).
That is 32.5 approvals per 1,000 business establishments (6,409 establishments in 2023), above the Alabama figure of 24.1 and below the national 41.0.
It ranks 4th of 64 Alabama counties with approvals. In FY2025 there were 49, down 21% on FY2024.
56 lenders had approvals here; the most active were Live Oak Banking Company (17), SouthState Bank, National Association (13) and Readycap Lending, LLC (12). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Baldwin County
By number of approvals to businesses in the county, FY2021–FY2025; 56 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 17 | $23.8M | 8.2% | |
| 2 | SouthState Bank, National AssociationWinter Haven, FL | 13 | $15.6M | 6.3% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 12 | $5.4M | 5.8% | |
| 4 | The Huntington National BankColumbus, OH | 12 | $4.2M | 5.8% | |
| 5 | United Midwest Savings Bank National AssociationDe Graff, OH | 11 | $4.6M | 5.3% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 11 | $4.5M | 5.3% | |
| 7 | Northeast BankLewiston, ME | 11 | $2.3M | 5.3% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 9 | $304K | 4.3% | |
| 9 | PNC Bank, National AssociationWilmington, DE | 8 | $3.7M | 3.8% | |
| 10 | Southern Development CouncilMountain Brook, AL · CDC | 6 | $7.7M | 2.9% | |
| 11 | Birmingham Citywide Local Development CompanyBirmingham, AL · CDC | 6 | $7.4M | 2.9% | |
| 12 | Hancock Whitney BankGulfport, MS | 6 | $1.7M | 2.9% | |
| 13 | United BankAtmore, AL | 6 | $1.4M | 2.9% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 6 | $1.1M | 2.9% | |
| 15 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 4 | $3.4M | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 28 | 13.5% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 9 | 4.3% | |
| 3 | Residential Building ConstructionNAICS 2361 | 7 | 3.4% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 7 | 3.4% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 2.9% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 6 | 2.9% | |
| 7 | Clothing and Clothing Accessories RetailersNAICS 4581 | 6 | 2.9% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 2.4% | |
| 9 | Personal and Household Goods Repair and MaintenanceNAICS 8114 | 5 | 2.4% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 5 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 36 | 17.3% | |
| 2 | Accommodation and Food Services | 35 | 16.8% | |
| 3 | Retail Trade | 35 | 16.8% | |
| 4 | Other Services (except Public Administration) | 17 | 8.2% | |
| 5 | Health Care and Social Assistance | 13 | 6.3% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 12 | 5.8% | |
| 7 | Professional, Scientific, and Technical Services | 12 | 5.8% | |
| 8 | Real Estate and Rental and Leasing | 11 | 5.3% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 22 | $20.0M | $263K | 0 | — | 22 | 473 |
| FY2025 | 46 | $31.6M | $292K | 3 | $2.8M | 49 | 547 |
| FY2024 | 56 | $31.2M | $150K | 6 | $4.9M | 62 | 788 |
| FY2023 | 37 | $35.4M | $500K | 2 | — | 39 | 406 |
| FY2022 | 31 | $17.4M | $199K | 5 | $5.4M | 36 | 384 |
| FY2021 | 20 | $19.8M | $350K | 2 | — | 22 | 329 |
| FY2020 | 22 | $10.1M | $190K | 4 | $2.7M | 26 | 248 |
| FY2019 | 20 | $14.1M | $260K | 4 | $1.4M | 24 | 275 |
| FY2018 | 27 | $7.3M | $115K | 1 | — | 28 | 245 |
| FY2017 | 33 | $13.5M | $149K | 1 | — | 34 | 317 |
| FY2016 | 31 | $7.9M | $97K | 2 | — | 33 | 275 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 145 approvals.
Against Alabama and the country
| FY2021–FY2025 | Baldwin County | Alabama | United States |
|---|---|---|---|
| Approvals | 208 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 32.5 | 24.1 | 41.0 |
| Median 7(a) approval | $255K | $260K | $190K |
| Median 504 approval | $682K | $659K | $657K |
| Average approval | $742K | $696K | $573K |
| 504 share of approvals | 8.7% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 11.8 | 11.4 | 10.5 |
| Share of state approvals | 8.2% | 100.0% | — |
Approval sizes
- $50,000 or less18.8%39
- $50,001 to $150,00019.2%40
- $150,001 to $350,00015.9%33
- $350,001 to $1 million25.0%52
- $1 million to $2 million11.1%23
- Over $2 million10.1%21
Age of the businesses
- Existing, more than 2 years old39.9%83
- New business, 2 years or less20.7%43
- Startup, loan funds will open the business23.1%48
- Change of ownership16.3%34
Questions and answers
Which lenders make the most SBA loans in Baldwin County?
By approvals in FY2021 to FY2025: Live Oak Banking Company (17), SouthState Bank, National Association (13), Readycap Lending, LLC (12), The Huntington National Bank (12), United Midwest Savings Bank National Association (11). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Baldwin County?
The median 7(a) approval was $255K and the median 504 approval $682K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Baldwin County?
Restaurants and Other Eating Places (28); Building Equipment Contractors (9); Residential Building Construction (7); Foundation, Structure, and Building Exterior Contractors (7); Other Amusement and Recreation Industries (6).
Is SBA lending in Baldwin County rising?
Approvals in the three latest complete fiscal years total 150, against 84 in the three before: rising (+79%).
How does Baldwin County compare with the rest of Alabama?
32.5 approvals per 1,000 establishments against 24.1 statewide, and 208 of the state's 2,552 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error