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County10th of 64 in Alabama by approvalsFIPS 01095
SBA loans in Marshall 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 48 loans to businesses in Marshall County, Alabama, in FY2021 to FY2025, worth $35.5M: 36 under 7(a) and 12 under 504.
That is 23.9 approvals per 1,000 business establishments (2,010 establishments in 2023), close to the Alabama figure of 24.1 and below the national 41.0.
It ranks 10th of 64 Alabama counties with approvals. In FY2025 there were 13, up 8% on FY2024.
25 lenders had approvals here; the most active were The Huntington National Bank (5), Southern Development Council (4) and Florida First Capital Finance Corporation, Inc. (3). 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 Marshall County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 5 | $1.5M | 10.4% | |
| 2 | Southern Development CouncilMountain Brook, AL · CDC | 4 | $5.5M | 8.3% | |
| 3 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 3 | $5.0M | 6.3% | |
| 4 | Florida Business Development CorporationTampa, FL · CDC | 3 | $4.8M | 6.3% | |
| 5 | First Financial BankEl Dorado, AR | 3 | $1.3M | 6.3% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $580K | 6.3% | |
| 7 | Citizens Bank & TrustGuntersville, AL | 2 | — | 4.2% | |
| 8 | Birmingham Citywide Local Development CompanyBirmingham, AL · CDC | 2 | — | 4.2% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 2 | — | 4.2% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 2 | — | 4.2% | |
| 11 | Northeast BankLewiston, ME | 2 | — | 4.2% | |
| 12 | Sabre FinanceBirmingham, AL | 2 | — | 4.2% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 2 | — | 4.2% | |
| 14 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 4.2% | |
| 15 | Bank OZKLittle Rock, AR | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 14.6% | |
| 2 | Poultry and Egg ProductionNAICS 1123 | 4 | 8.3% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 8.3% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | 6.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 3 | 6.3% | |
| 6 | Beverage ManufacturingNAICS 3121 | 2 | 4.2% | |
| 7 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 4.2% | |
| 8 | Health and Personal Care RetailersNAICS 4561 | 2 | 4.2% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 4.2% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 1 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 25.0% | |
| 2 | Retail Trade | 10 | 20.8% | |
| 3 | Construction | 7 | 14.6% | |
| 4 | Manufacturing | 4 | 8.3% | |
| 5 | Agriculture, Forestry, Fishing and Hunting | 4 | 8.3% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 4 | 8.3% | |
| 7 | Other Services (except Public Administration) | 2 | 4.2% | |
| 8 | Arts, Entertainment, and Recreation | 1 | 2.1% |
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* | 3 | $1.8M | $350K | 0 | — | 3 | 9 |
| FY2025 | 11 | $3.6M | $195K | 2 | — | 13 | 234 |
| FY2024 | 10 | $3.1M | $217K | 2 | — | 12 | 75 |
| FY2023 | 3 | $1.7M | $665K | 1 | — | 4 | 19 |
| FY2022 | 6 | $5.6M | $721K | 4 | $3.6M | 10 | 168 |
| FY2021 | 6 | $4.6M | $444K | 3 | $5.9M | 9 | 72 |
| FY2020 | 5 | $3.3M | $737K | 0 | — | 5 | 37 |
| FY2019 | 2 | — | — | 1 | — | 3 | 12 |
| FY2018 | 4 | $2.3M | $303K | 1 | — | 5 | 74 |
| FY2017 | 5 | $1.1M | $10K | 0 | — | 5 | 17 |
| FY2016 | 5 | $1.2M | $77K | 2 | — | 7 | 47 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 25 approvals.
Against Alabama and the country
| FY2021–FY2025 | Marshall County | Alabama | United States |
|---|---|---|---|
| Approvals | 48 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 23.9 | 24.1 | 41.0 |
| Median 7(a) approval | $267K | $260K | $190K |
| Median 504 approval | $1.2M | $659K | $657K |
| Average approval | $739K | $696K | $573K |
| 504 share of approvals | 25.0% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 11.8 | 11.4 | 10.5 |
| Share of state approvals | 1.9% | 100.0% | — |
Approval sizes
- $50,000 or less18.8%9
- $50,001 to $150,00010.4%5
- $150,001 to $350,00016.7%8
- $350,001 to $1 million33.3%16
- $1 million to $2 million10.4%5
- Over $2 million10.4%5
Age of the businesses
- Existing, more than 2 years old39.6%19
- New business, 2 years or less16.7%8
- Startup, loan funds will open the business33.3%16
- Change of ownership10.4%5
Questions and answers
Which lenders make the most SBA loans in Marshall County?
By approvals in FY2021 to FY2025: The Huntington National Bank (5), Southern Development Council (4), Florida First Capital Finance Corporation, Inc. (3), Florida Business Development Corporation (3), First Financial Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Marshall County?
The median 7(a) approval was $267K and the median 504 approval $1.2M; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Marshall County?
Restaurants and Other Eating Places (7); Poultry and Egg Production (4); Other Specialty Trade Contractors (4); Traveler Accommodation (3); Services to Buildings and Dwellings (3).
Is SBA lending in Marshall County rising?
Approvals in the three latest complete fiscal years total 29, against 24 in the three before: rising (+21%).
How does Marshall County compare with the rest of Alabama?
23.9 approvals per 1,000 establishments against 24.1 statewide, and 48 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