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County5th of 64 in Alabama by approvalsFIPS 01117
SBA loans in Shelby 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 Shelby County, Alabama, received 193 SBA loan approvals worth $129M in FY2021 to FY2025 (173 7(a), 20 504).
That is 34.4 approvals per 1,000 business establishments (5,610 establishments in 2023), above the Alabama figure of 24.1 and below the national 41.0.
It ranks 5th of 64 Alabama counties with approvals. In FY2025 there were 54, up 74% on FY2024.
55 lenders had approvals here; the most active were The Huntington National Bank (16), Peoples Bank of Alabama (12) and Northeast Bank (11). The most common industry was services to buildings and dwellings.
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 Shelby County
By number of approvals to businesses in the county, FY2021–FY2025; 55 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 16 | $6.7M | 8.3% | |
| 2 | Peoples Bank of AlabamaCullman, AL | 12 | $5.2M | 6.2% | |
| 3 | Northeast BankLewiston, ME | 11 | $2.6M | 5.7% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 9 | $1.3M | 4.7% | |
| 5 | Sabre FinanceBirmingham, AL | 8 | $1.3M | 4.1% | |
| 6 | Regions BankBirmingham, AL | 7 | $5.4M | 3.6% | |
| 7 | Central State BankCalera, AL | 7 | $5.2M | 3.6% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $1.9M | 3.6% | |
| 9 | Millennial BankLeeds, AL | 6 | $14.3M | 3.1% | |
| 10 | Florida Business Development CorporationTampa, FL · CDC | 6 | $8.9M | 3.1% | |
| 11 | Southern Development CouncilMountain Brook, AL · CDC | 6 | $5.4M | 3.1% | |
| 12 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $2.0M | 3.1% | |
| 13 | First Bank of the LakeOsage Beach, MO | 6 | $1.4M | 3.1% | |
| 14 | PNC Bank, National AssociationWilmington, DE | 6 | $459K | 3.1% | |
| 15 | Birmingham Citywide Local Development CompanyBirmingham, AL · CDC | 5 | $6.1M | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 14 | 7.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 5.2% | |
| 3 | Residential Building ConstructionNAICS 2361 | 8 | 4.1% | |
| 4 | Automobile DealersNAICS 4411 | 7 | 3.6% | |
| 5 | Computer Systems Design and Related ServicesNAICS 5415 | 7 | 3.6% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 3.1% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 6 | 3.1% | |
| 8 | Personal Care ServicesNAICS 8121 | 6 | 3.1% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 6 | 3.1% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 26 | 13.5% | |
| 2 | Construction | 26 | 13.5% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 21 | 10.9% | |
| 4 | Other Services (except Public Administration) | 20 | 10.4% | |
| 5 | Health Care and Social Assistance | 19 | 9.8% | |
| 6 | Professional, Scientific, and Technical Services | 18 | 9.3% | |
| 7 | Accommodation and Food Services | 15 | 7.8% | |
| 8 | Wholesale Trade | 12 | 6.2% |
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* | 27 | $28.7M | $397K | 2 | — | 29 | 311 |
| FY2025 | 50 | $18.2M | $210K | 4 | $5.8M | 54 | 410 |
| FY2024 | 28 | $8.9M | $230K | 3 | $3.5M | 31 | 313 |
| FY2023 | 40 | $40.2M | $327K | 3 | $2.6M | 43 | 410 |
| FY2022 | 24 | $14.0M | $238K | 3 | $718K | 27 | 390 |
| FY2021 | 31 | $25.4M | $462K | 7 | $9.6M | 38 | 401 |
| FY2020 | 20 | $13.4M | $309K | 5 | $4.1M | 25 | 309 |
| FY2019 | 20 | $23.4M | $459K | 4 | $1.2M | 24 | 498 |
| FY2018 | 32 | $15.9M | $171K | 2 | — | 34 | 443 |
| FY2017 | 22 | $13.7M | $150K | 7 | $4.6M | 29 | 304 |
| FY2016 | 37 | $17.7M | $186K | 5 | $3.6M | 42 | 360 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 154 approvals.
Against Alabama and the country
| FY2021–FY2025 | Shelby County | Alabama | United States |
|---|---|---|---|
| Approvals | 193 | 2,552 | 342,825 |
| Approvals per 1,000 establishments | 34.4 | 24.1 | 41.0 |
| Median 7(a) approval | $250K | $260K | $190K |
| Median 504 approval | $826K | $659K | $657K |
| Average approval | $667K | $696K | $573K |
| 504 share of approvals | 10.4% | 13.7% | 11.0% |
| Jobs supported per approval, as reported | 10.0 | 11.4 | 10.5 |
| Share of state approvals | 7.6% | 100.0% | — |
Approval sizes
- $50,000 or less8.8%17
- $50,001 to $150,00021.8%42
- $150,001 to $350,00024.4%47
- $350,001 to $1 million25.4%49
- $1 million to $2 million10.9%21
- Over $2 million8.8%17
Age of the businesses
- Existing, more than 2 years old52.3%101
- New business, 2 years or less19.7%38
- Startup, loan funds will open the business13.5%26
- Change of ownership14.5%28
Questions and answers
Which lenders make the most SBA loans in Shelby County?
By approvals in FY2021 to FY2025: The Huntington National Bank (16), Peoples Bank of Alabama (12), Northeast Bank (11), BayFirst National Bank (9), Sabre Finance (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Shelby County?
The median 7(a) approval was $250K and the median 504 approval $826K; the Alabama 7(a) median was $260K.
Which industries get the most SBA loans in Shelby County?
Services to Buildings and Dwellings (14); Restaurants and Other Eating Places (10); Residential Building Construction (8); Automobile Dealers (7); Computer Systems Design and Related Services (7).
Is SBA lending in Shelby County rising?
Approvals in the three latest complete fiscal years total 128, against 90 in the three before: rising (+42%).
How does Shelby County compare with the rest of Alabama?
34.4 approvals per 1,000 establishments against 24.1 statewide, and 193 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