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County3rd of 64 in Alabama by approvalsFIPS 01097
SBA loans in Mobile 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 234 loans to businesses in Mobile County, Alabama, in FY2021 to FY2025, worth $156M: 211 under 7(a) and 23 under 504.
That is 26.1 approvals per 1,000 business establishments (8,960 establishments in 2023), close to the Alabama figure of 24.1 and below the national 41.0.
It ranks 3rd of 64 Alabama counties with approvals. In FY2025 there were 60, up 25% on FY2024.
62 lenders had approvals here; the most active were Wells Fargo Bank National Association (23), Hancock Whitney Bank (19) and Northeast Bank (16). 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 Mobile County
By number of approvals to businesses in the county, FY2021–FY2025; 62 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National AssociationSioux Falls, SD | 23 | $3.1M | 9.8% | |
| 2 | Hancock Whitney BankGulfport, MS | 19 | $11.9M | 8.1% | |
| 3 | Northeast BankLewiston, ME | 16 | $1.5M | 6.8% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 14 | $3.5M | 6.0% | |
| 5 | PNC Bank, National AssociationWilmington, DE | 14 | $3.3M | 6.0% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 13 | $17.6M | 5.6% | |
| 7 | Southern Development CouncilMountain Brook, AL · CDC | 9 | $11.4M | 3.8% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 9 | $8.9M | 3.8% | |
| 9 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 7 | $5.5M | 3.0% | |
| 10 | The Huntington National BankColumbus, OH | 7 | $4.9M | 3.0% | |
| 11 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 6 | $6.1M | 2.6% | |
| 12 | Florida Business Development CorporationTampa, FL · CDC | 6 | $6.0M | 2.6% | |
| 13 | Lendistry SBLC, LLCLos Angeles, CA | 6 | $970K | 2.6% | |
| 14 | Regions BankBirmingham, AL | 5 | $3.1M | 2.1% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 5 | $638K | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 8.1% | |
| 2 | Traveler AccommodationNAICS 7211 | 15 | 6.4% | |
| 3 | Residential Building ConstructionNAICS 2361 | 11 | 4.7% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 9 | 3.8% | |
| 5 | General Freight TruckingNAICS 4841 | 9 | 3.8% | |
| 6 | Lessors of Real EstateNAICS 5311 | 7 | 3.0% | |
| 7 | Gasoline StationsNAICS 4571 | 6 | 2.6% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 6 | 2.6% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 6 | 2.6% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 40 | 17.1% | |
| 2 | Retail Trade | 31 | 13.2% | |
| 3 | Construction | 26 | 11.1% | |
| 4 | Health Care and Social Assistance | 22 | 9.4% | |
| 5 | Manufacturing | 17 | 7.3% | |
| 6 | Transportation and Warehousing | 17 | 7.3% | |
| 7 | Real Estate and Rental and Leasing | 15 | 6.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 14 | 6.0% |
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* | 25 | $15.7M | $274K | 3 | $2.4M | 28 | 135 |
| FY2025 | 56 | $26.9M | $150K | 4 | $4.7M | 60 | 734 |
| FY2024 | 44 | $23.2M | $150K | 4 | $4.5M | 48 | 556 |
| FY2023 | 43 | $23.1M | $210K | 3 | $6.7M | 46 | 480 |
| FY2022 | 34 | $34.9M | $270K | 7 | $4.9M | 41 | 359 |
| FY2021 | 34 | $25.2M | $337K | 5 | $2.3M | 39 | 437 |
| FY2020 | 24 | $10.3M | $215K | 2 | — | 26 | 212 |
| FY2019 | 42 | $21.6M | $279K | 3 | $891K | 45 | 378 |
| FY2018 | 40 | $11.3M | $84K | 4 | $7.2M | 44 | 390 |
| FY2017 | 40 | $9.3M | $66K | 6 | $7.8M | 46 | 331 |
| FY2016 | 51 | $11.7M | $100K | 4 | $1.4M | 55 | 534 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 216 approvals.
Against Alabama and the country
| FY2021–FY2025 | Mobile County | Alabama | United States |
|---|---|---|---|
| Approvals | 234 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 26.1 | 24.1 | 41.0 |
| Median 7(a) approval | $203K | $260K | $190K |
| Median 504 approval | $498K | $659K | $657K |
| Average approval | $669K | $696K | $573K |
| 504 share of approvals | 9.8% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 11.0 | 11.4 | 10.5 |
| Share of state approvals | 9.2% | 100.0% | — |
Approval sizes
- $50,000 or less23.5%55
- $50,001 to $150,00017.9%42
- $150,001 to $350,00020.5%48
- $350,001 to $1 million17.5%41
- $1 million to $2 million12.4%29
- Over $2 million8.1%19
Age of the businesses
- Existing, more than 2 years old49.6%116
- New business, 2 years or less19.7%46
- Startup, loan funds will open the business15.0%35
- Change of ownership15.4%36
- Not answered0.4%1
Questions and answers
Which lenders make the most SBA loans in Mobile County?
By approvals in FY2021 to FY2025: Wells Fargo Bank National Association (23), Hancock Whitney Bank (19), Northeast Bank (16), Newtek Bank, National Association (14), PNC Bank, National Association (14). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Mobile County?
The median 7(a) approval was $203K and the median 504 approval $498K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Mobile County?
Restaurants and Other Eating Places (19); Traveler Accommodation (15); Residential Building Construction (11); Services to Buildings and Dwellings (9); General Freight Trucking (9).
Is SBA lending in Mobile County rising?
Approvals in the three latest complete fiscal years total 154, against 106 in the three before: rising (+45%).
How does Mobile County compare with the rest of Alabama?
26.1 approvals per 1,000 establishments against 24.1 statewide, and 234 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