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County6th of 64 in Alabama by approvalsFIPS 01101
SBA loans in Montgomery 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 Montgomery County, Alabama, received 118 SBA loan approvals worth $107M in FY2021 to FY2025 (104 7(a), 14 504).
That is 21.1 approvals per 1,000 business establishments (5,584 establishments in 2023), close to the Alabama figure of 24.1 and below the national 41.0.
It ranks 6th of 64 Alabama counties with approvals. In FY2025 there were 23, up 10% on FY2024.
56 lenders had approvals here; the most active were Metro City Bank (6), Southern Development Council (6) and Florida First Capital Finance Corporation, Inc. (6). 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 Montgomery County
By number of approvals to businesses in the county, FY2021–FY2025; 56 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Metro City BankDoraville, GA | 6 | $9.1M | 5.1% | |
| 2 | Southern Development CouncilMountain Brook, AL · CDC | 6 | $6.1M | 5.1% | |
| 3 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 6 | $3.0M | 5.1% | |
| 4 | The Huntington National BankColumbus, OH | 6 | $1.6M | 5.1% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 6 | $835K | 5.1% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 5 | $2.4M | 4.2% | |
| 7 | Northeast BankLewiston, ME | 5 | $674K | 4.2% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 4 | $6.8M | 3.4% | |
| 9 | Bank of HopeLos Angeles, CA | 4 | $5.2M | 3.4% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 4 | $464K | 3.4% | |
| 11 | Byline BankChicago, IL | 3 | $1.7M | 2.5% | |
| 12 | Loyal Trust BankJohns Creek, GA | 3 | $1.4M | 2.5% | |
| 13 | BankFirst Financial ServicesColumbus, MS | 3 | $1.2M | 2.5% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $376K | 2.5% | |
| 15 | PNC Bank, National AssociationWilmington, DE | 3 | $246K | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 17 | 14.4% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 10.2% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 5 | 4.2% | |
| 4 | Lessors of Real EstateNAICS 5311 | 4 | 3.4% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.4% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 4 | 3.4% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 2.5% | |
| 8 | Personal Care ServicesNAICS 8121 | 3 | 2.5% | |
| 9 | Specialized Freight TruckingNAICS 4842 | 3 | 2.5% | |
| 10 | General Freight TruckingNAICS 4841 | 3 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 30 | 25.4% | |
| 2 | Retail Trade | 15 | 12.7% | |
| 3 | Health Care and Social Assistance | 12 | 10.2% | |
| 4 | Other Services (except Public Administration) | 11 | 9.3% | |
| 5 | Professional, Scientific, and Technical Services | 9 | 7.6% | |
| 6 | Manufacturing | 8 | 6.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 8 | 6.8% | |
| 8 | Transportation and Warehousing | 7 | 5.9% |
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* | 15 | $7.6M | $250K | 1 | — | 16 | 141 |
| FY2025 | 20 | $26.7M | $395K | 3 | $4.0M | 23 | 653 |
| FY2024 | 21 | $16.8M | $250K | 0 | — | 21 | 303 |
| FY2023 | 24 | $24.2M | $363K | 2 | — | 26 | 230 |
| FY2022 | 16 | $6.6M | $230K | 4 | $2.9M | 20 | 163 |
| FY2021 | 23 | $22.2M | $325K | 5 | $2.6M | 28 | 196 |
| FY2020 | 8 | $6.2M | $394K | 2 | — | 10 | 166 |
| FY2019 | 14 | $6.5M | $235K | 2 | — | 16 | 257 |
| FY2018 | 27 | $24.7M | $808K | 0 | — | 27 | 199 |
| FY2017 | 24 | $13.1M | $150K | 0 | — | 24 | 186 |
| FY2016 | 22 | $4.5M | $55K | 4 | $1.3M | 26 | 156 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 103 approvals.
Against Alabama and the country
| FY2021–FY2025 | Montgomery County | Alabama | United States |
|---|---|---|---|
| Approvals | 118 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 21.1 | 24.1 | 41.0 |
| Median 7(a) approval | $332K | $260K | $190K |
| Median 504 approval | $552K | $659K | $657K |
| Average approval | $908K | $696K | $573K |
| 504 share of approvals | 11.9% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 13.1 | 11.4 | 10.5 |
| Share of state approvals | 4.6% | 100.0% | — |
Approval sizes
- $50,000 or less7.6%9
- $50,001 to $150,00020.3%24
- $150,001 to $350,00025.4%30
- $350,001 to $1 million21.2%25
- $1 million to $2 million11.9%14
- Over $2 million13.6%16
Age of the businesses
- Existing, more than 2 years old57.6%68
- New business, 2 years or less13.6%16
- Startup, loan funds will open the business18.6%22
- Change of ownership10.2%12
Questions and answers
Which lenders make the most SBA loans in Montgomery County?
By approvals in FY2021 to FY2025: Metro City Bank (6), Southern Development Council (6), Florida First Capital Finance Corporation, Inc. (6), The Huntington National Bank (6), Readycap Lending, LLC (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Montgomery County?
The median 7(a) approval was $332K and the median 504 approval $552K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Montgomery County?
Traveler Accommodation (17); Restaurants and Other Eating Places (12); Offices of Other Health Practitioners (5); Lessors of Real Estate (4); Automotive Repair and Maintenance (4).
Is SBA lending in Montgomery County rising?
Approvals in the three latest complete fiscal years total 70, against 58 in the three before: rising (+21%).
How does Montgomery County compare with the rest of Alabama?
21.1 approvals per 1,000 establishments against 24.1 statewide, and 118 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