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County1st of 64 in Alabama by approvalsFIPS 01073
SBA loans in Jefferson 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 513 loans to businesses in Jefferson County, Alabama, in FY2021 to FY2025, worth $314M: 431 under 7(a) and 82 under 504.
That is 30.2 approvals per 1,000 business establishments (16,989 establishments in 2023), above the Alabama figure of 24.1 and below the national 41.0.
It ranks 1st of 64 Alabama counties with approvals. In FY2025 there were 140, up 17% on FY2024.
85 lenders had approvals here; the most active were The Huntington National Bank (45), Newtek Bank, National Association (35) and Southern Development Council (32). 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 Jefferson County
By number of approvals to businesses in the county, FY2021–FY2025; 85 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 45 | $26.3M | 8.8% | |
| 2 | Newtek Bank, National AssociationMiami, FL | 35 | $15.1M | 6.8% | |
| 3 | Southern Development CouncilMountain Brook, AL · CDC | 32 | $22.4M | 6.2% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 25 | $6.2M | 4.9% | |
| 5 | Sabre FinanceBirmingham, AL | 22 | $3.2M | 4.3% | |
| 6 | Florida Business Development CorporationTampa, FL · CDC | 21 | $28.4M | 4.1% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 19 | $5.5M | 3.7% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 18 | $2.8M | 3.5% | |
| 9 | Birmingham Citywide Local Development CompanyBirmingham, AL · CDC | 17 | $18.6M | 3.3% | |
| 10 | SouthPoint BankBirmingham, AL | 17 | $13.2M | 3.3% | |
| 11 | Northeast BankLewiston, ME | 16 | $3.0M | 3.1% | |
| 12 | Community Bank of MississippiFlowood, MS | 15 | $10.5M | 2.9% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 15 | $4.9M | 2.9% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 12 | $9.4M | 2.3% | |
| 15 | Renasant BankTupelo, MS | 11 | $6.1M | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 72 | 14.0% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 23 | 4.5% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 21 | 4.1% | |
| 4 | Personal Care ServicesNAICS 8121 | 19 | 3.7% | |
| 5 | Offices of DentistsNAICS 6212 | 17 | 3.3% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 17 | 3.3% | |
| 7 | Other Personal ServicesNAICS 8129 | 17 | 3.3% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 15 | 2.9% | |
| 9 | General Freight TruckingNAICS 4841 | 13 | 2.5% | |
| 10 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 11 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 93 | 18.1% | |
| 2 | Retail Trade | 61 | 11.9% | |
| 3 | Health Care and Social Assistance | 61 | 11.9% | |
| 4 | Other Services (except Public Administration) | 59 | 11.5% | |
| 5 | Professional, Scientific, and Technical Services | 43 | 8.4% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 33 | 6.4% | |
| 7 | Construction | 32 | 6.2% | |
| 8 | Arts, Entertainment, and Recreation | 29 | 5.7% |
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* | 62 | $52.5M | $292K | 5 | $3.3M | 67 | 1,089 |
| FY2025 | 127 | $68.9M | $246K | 13 | $14.5M | 140 | 1,458 |
| FY2024 | 105 | $48.2M | $237K | 15 | $16.2M | 120 | 1,280 |
| FY2023 | 66 | $35.4M | $238K | 11 | $7.0M | 77 | 988 |
| FY2022 | 65 | $33.1M | $324K | 16 | $18.4M | 81 | 1,034 |
| FY2021 | 68 | $50.9M | $333K | 27 | $21.1M | 95 | 1,299 |
| FY2020 | 65 | $49.3M | $350K | 16 | $16.2M | 81 | 1,056 |
| FY2019 | 62 | $39.5M | $317K | 11 | $5.4M | 73 | 1,369 |
| FY2018 | 70 | $33.6M | $201K | 13 | $15.2M | 83 | 923 |
| FY2017 | 99 | $48.0M | $200K | 20 | $20.8M | 119 | 1,164 |
| FY2016 | 119 | $65.4M | $135K | 11 | $6.4M | 130 | 1,568 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 486 approvals.
Against Alabama and the country
| FY2021–FY2025 | Jefferson County | Alabama | United States |
|---|---|---|---|
| Approvals | 513 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 30.2 | 24.1 | 41.0 |
| Median 7(a) approval | $275K | $260K | $190K |
| Median 504 approval | $608K | $659K | $657K |
| Average approval | $612K | $696K | $573K |
| 504 share of approvals | 16.0% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 11.8 | 11.4 | 10.5 |
| Share of state approvals | 20.1% | 100.0% | — |
Approval sizes
- $50,000 or less10.1%52
- $50,001 to $150,00019.7%101
- $150,001 to $350,00025.7%132
- $350,001 to $1 million27.7%142
- $1 million to $2 million10.9%56
- Over $2 million5.8%30
Age of the businesses
- Existing, more than 2 years old49.1%252
- New business, 2 years or less14.2%73
- Startup, loan funds will open the business25.5%131
- Change of ownership11.1%57
Questions and answers
Which lenders make the most SBA loans in Jefferson County?
By approvals in FY2021 to FY2025: The Huntington National Bank (45), Newtek Bank, National Association (35), Southern Development Council (32), Wells Fargo Bank National Association (25), Sabre Finance (22). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Jefferson County?
The median 7(a) approval was $275K and the median 504 approval $608K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Jefferson County?
Restaurants and Other Eating Places (72); Other Amusement and Recreation Industries (23); Services to Buildings and Dwellings (21); Personal Care Services (19); Offices of Dentists (17).
Is SBA lending in Jefferson County rising?
Approvals in the three latest complete fiscal years total 337, against 257 in the three before: rising (+31%).
How does Jefferson County compare with the rest of Alabama?
30.2 approvals per 1,000 establishments against 24.1 statewide, and 513 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