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County15th of 64 in Alabama by approvalsFIPS 01015
SBA loans in Calhoun 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.
SBA approved 38 loans to businesses in Calhoun County, Alabama, in FY2021 to FY2025, worth $27.2M: 29 under 7(a) and 9 under 504.
That is 17.0 approvals per 1,000 business establishments (2,232 establishments in 2023), below the Alabama figure of 24.1 and below the national 41.0.
It ranks 15th of 64 Alabama counties with approvals. In FY2025 there were 8, down 20% on FY2024.
27 lenders had approvals here; the most active were Southern Development Council (5), Newtek Bank, National Association (3) and Readycap Lending, LLC (3). The most common industry was traveler accommodation.
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 Calhoun County
By number of approvals to businesses in the county, FY2021–FY2025; 27 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Southern Development CouncilMountain Brook, AL · CDC | 5 | $5.9M | 13.2% | |
| 2 | Newtek Bank, National AssociationMiami, FL | 3 | $1.4M | 7.9% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $454K | 7.9% | |
| 4 | Florida Business Development CorporationTampa, FL · CDC | 2 | — | 5.3% | |
| 5 | PNC Bank, National AssociationWilmington, DE | 2 | — | 5.3% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 5.3% | |
| 7 | Wallis BankWallis, TX | 1 | — | 2.6% | |
| 8 | Regions BankBirmingham, AL | 1 | — | 2.6% | |
| 9 | Vallant BankElberton, GA | 1 | — | 2.6% | |
| 10 | FirstBankNashville, TN | 1 | — | 2.6% | |
| 11 | HomeTrust BankAsheville, NC | 1 | — | 2.6% | |
| 12 | Beacon Bank and TrustBrookline, MA | 1 | — | 2.6% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.6% | |
| 14 | The Huntington National BankColumbus, OH | 1 | — | 2.6% | |
| 15 | First Western SBLC, LLCDallas, TX | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 4 | 10.5% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 7.9% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 7.9% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 7.9% | |
| 5 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 5.3% | |
| 6 | LoggingNAICS 1133 | 2 | 5.3% | |
| 7 | Health and Personal Care StoresNAICS 4461 | 2 | 5.3% | |
| 8 | Lumber and Other Construction Materials Merchant WholesalersNAICS 4233 | 1 | 2.6% | |
| 9 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 1 | 2.6% | |
| 10 | Architectural and Structural Metals ManufacturingNAICS 3323 | 1 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 8 | 21.1% | |
| 2 | Other Services (except Public Administration) | 5 | 13.2% | |
| 3 | Professional, Scientific, and Technical Services | 4 | 10.5% | |
| 4 | Manufacturing | 3 | 7.9% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 3 | 7.9% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 7.9% | |
| 7 | Retail Trade | 3 | 7.9% | |
| 8 | Wholesale Trade | 2 | 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* | 7 | $4.3M | $100K | 1 | — | 8 | 51 |
| FY2025 | 6 | $3.5M | $286K | 2 | — | 8 | 61 |
| FY2024 | 8 | $5.1M | $375K | 2 | — | 10 | 111 |
| FY2023 | 5 | $1.1M | $133K | 1 | — | 6 | 26 |
| FY2022 | 5 | $2.8M | $453K | 0 | — | 5 | 24 |
| FY2021 | 5 | $5.9M | $890K | 4 | $5.5M | 9 | 111 |
| FY2020 | 4 | $5.6M | $491K | 2 | — | 6 | 46 |
| FY2019 | 5 | $5.8M | $350K | 0 | — | 5 | 74 |
| FY2018 | 5 | $5.7M | $1.4M | 0 | — | 5 | 69 |
| FY2017 | 8 | $5.8M | $400K | 0 | — | 8 | 136 |
| FY2016 | 6 | $7.7M | $960K | 0 | — | 6 | 101 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 30 approvals.
Against Alabama and the country
| FY2021–FY2025 | Calhoun County | Alabama | United States |
|---|---|---|---|
| Approvals | 38 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 17.0 | 24.1 | 41.0 |
| Median 7(a) approval | $350K | $260K | $190K |
| Median 504 approval | $417K | $659K | $657K |
| Average approval | $716K | $696K | $573K |
| 504 share of approvals | 23.7% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 11.4 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less10.5%4
- $50,001 to $150,0007.9%3
- $150,001 to $350,00028.9%11
- $350,001 to $1 million34.2%13
- $1 million to $2 million10.5%4
- Over $2 million7.9%3
Age of the businesses
- Existing, more than 2 years old50.0%19
- New business, 2 years or less21.1%8
- Startup, loan funds will open the business15.8%6
- Change of ownership13.2%5
Questions and answers
Which lenders make the most SBA loans in Calhoun County?
By approvals in FY2021 to FY2025: Southern Development Council (5), Newtek Bank, National Association (3), Readycap Lending, LLC (3), Florida Business Development Corporation (2), PNC Bank, National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Calhoun County?
The median 7(a) approval was $350K and the median 504 approval $417K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Calhoun County?
Traveler Accommodation (4); Automotive Repair and Maintenance (3); Other Amusement and Recreation Industries (3); Restaurants and Other Eating Places (3); Architectural, Engineering, and Related Services (2).
Is SBA lending in Calhoun County rising?
Approvals in the three latest complete fiscal years total 24, against 20 in the three before: rising (+20%).
How does Calhoun County compare with the rest of Alabama?
17.0 approvals per 1,000 establishments against 24.1 statewide, and 38 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