SBA Ledger

States › Alabama

State0.7% of US approvals185 lenders active

SBA loans in Alabama

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 2,552 small business loans in Alabama in FY2021 to FY2025: 2,202 under the 7(a) program and 350 under 504, worth $1.78bn together.

That is 24.1 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.7% of all approvals in the country (33rd of 54 states and territories).

In FY2025 there were 685 approvals totalling $424M, up 22% on FY2024. The median 7(a) approval over the five years was $260K and the median 504 approval $659K.

185 lenders had at least one approval in the state; by number of 7(a) approvals the most active were The Huntington National Bank (159), Newtek Bank, National Association (140) and Northeast Bank (137).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 7.9% as charged off, against 6.6% nationally.

685approvals, FY20252,552 in FY2021–FY2025
$424Mapproved, FY2025$1.78bn in FY2021–FY2025
24.1approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$260Kmedian 7(a) approvalUS: $190K
7.9%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in Alabama

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in AL, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1The Huntington National BankColumbus, OH159$75.4M7.2%$92K5.7%
2Newtek Bank, National AssociationMiami, FL140$55.5M6.4%$225K—
3Northeast BankLewiston, ME137$20.2M6.2%$106K12.8%
4Wells Fargo Bank National AssociationSioux Falls, SD120$18.4M5.4%$15K7.9%
5Live Oak Banking CompanyWilmington, NC106$151M4.8%$850K2.2%
6Readycap Lending, LLCBerkeley Heights, NJ86$31.5M3.9%$138K4.3%
7BayFirst National BankSaint Petersburg, FL85$17.0M3.9%$150K19.2%
8BankFirst Financial ServicesColumbus, MS71$19.9M3.2%$185K6.8%
9PNC Bank, National AssociationWilmington, DE70$13.4M3.2%$50K8.1%
10Sabre FinanceBirmingham, AL70$11.1M3.2%$133K—
11United Midwest Savings Bank National AssociationDe Graff, OH66$24.4M3.0%$150K15.9%
12SouthState Bank, National AssociationWinter Haven, FL49$37.5M2.2%$350K2.8%
13Pinnacle BankNashville, TN48$73.3M2.2%$745K6.0%
14Newtek Small Business Finance, Inc.Lake Success, NY45$31.3M2.0%$300K6.8%
15Regions BankBirmingham, AL42$31.7M1.9%$527K4.7%
16Celtic Bank CorporationSalt Lake City, UT34$20.6M1.5%$150K17.0%
17SouthPoint BankBirmingham, AL31$28.4M1.4%$421K—
18Renasant BankTupelo, MS30$22.9M1.4%$644K8.3%
19First Financial BankEl Dorado, AR29$14.7M1.3%$925K4.3%
20Community Bank of MississippiFlowood, MS28$18.1M1.3%$225K6.5%
21Hancock Whitney BankGulfport, MS27$19.3M1.2%$385K2.9%
22Peoples Bank of AlabamaCullman, AL27$10.9M1.2%$241K7.6%
23Metro City BankDoraville, GA25$31.5M1.1%$1.3M2.1%
24First Bank of the LakeOsage Beach, MO25$16.4M1.1%$350K2.7%
25Lendistry SBLC, LLCLos Angeles, CA24$4.8M1.1%$150K22.7%
26BankPlusBelzoni, MS22$26.0M1.0%$646K4.6%
27United Community BankGreenville, SC22$17.1M1.0%$550K4.5%
28River Bank and TrustPrattville, AL21$11.8M1.0%$355K—
29Millennial BankLeeds, AL19$26.6M0.9%$872K—
30ServisFirst BankBirmingham, AL19$15.0M0.9%$873K10.7%
31Trustmark BankJackson, MS19$7.5M0.9%$161K6.7%
32Friend BankSlocomb, AL16$2.2M0.7%$115K5.7%
3322nd State Bank, A Division of 22nd State Banking CompanyMobile, AL15$12.6M0.7%$833K0.0%
34Central State BankCalera, AL15$8.8M0.7%$350K16.7%
35Peoples BankMendenhall, MS14$24.8M0.6%$322K8.3%
36Byline BankChicago, IL13$13.7M0.6%$806K9.5%
37FirstBankNashville, TN13$13.6M0.6%$467K5.9%
38GBankLas Vegas, NV12$25.0M0.5%$2.2M1.7%
39Beacon Bank and TrustBrookline, MA12$21.9M0.5%$630K4.6%
40Bank Five NineOconomowoc, WI11$11.5M0.5%$450K4.5%

504 certified development companies

#LenderApprovals in AL, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Southern Development CouncilMountain Brook, AL · 504 CDC117$115M33.4%$665K3.7%
2Florida Business Development CorporationTampa, FL · 504 CDC95$101M27.1%$597K1.2%
3Florida First Capital Finance Corporation, Inc.Tallahassee, FL · 504 CDC69$66.2M19.7%$684K1.1%
4Birmingham Citywide Local Development CompanyBirmingham, AL · 504 CDC62$72.2M17.7%$659K2.4%
5Sabre FinanceBirmingham, AL · 504 CDC5$1.7M1.4%$242K—
6Capital Partners Certified Development CompanyAtlanta, GA · 504 CDC1—0.3%$1.0M1.6%
7Small Business Access Partners, Inc.Gainesville, GA · 504 CDC1—0.3%$765K1.1%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*285$207M$290K33$29.1M3183,914
FY2025626$353M$238K59$71.0M6857,751
FY2024502$295M$218K61$66.7M5636,368
FY2023407$287M$275K57$57.1M4645,085
FY2022302$180M$289K76$76.6M3784,065
FY2021365$302M$386K97$90.2M4625,844
FY2020280$183M$314K65$60.7M3453,891
FY2019290$194M$254K52$28.6M3424,345
FY2018390$206M$200K44$41.9M4344,889
FY2017454$209M$150K60$52.3M5144,960
FY2016505$225M$129K57$31.7M5625,541

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Alabama by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Jefferson County513$314M16,98930.2
2Madison County235$158M9,29525.3
3Mobile County234$156M8,96026.1
4Baldwin County208$154M6,40932.5
5Shelby County193$129M5,61034.4
6Montgomery County118$107M5,58421.1
7Lee County108$75.9M3,37732.0
8Tuscaloosa County92$41.7M4,18922.0
9Houston County67$41.1M2,85923.4
10Marshall County48$35.5M2,01023.9
11DeKalb County46$39.2M1,16539.5
12Morgan County41$29.6M2,68415.3
13Cullman County41$29.7M1,86722.0
14St. Clair County39$17.9M1,45426.8
15Calhoun County38$27.2M2,23217.0
16Limestone County35$26.6M1,62921.5
17Etowah County30$21.7M1,95415.4
18Autauga County25$26.8M96825.8
19Walker County24$21.6M1,25119.2
20Lauderdale County23$13.9M2,05311.2
21Elmore County23$15.7M1,30517.6
22Tallapoosa County20$25.3M82324.3
23Coffee County19$14.0M1,02218.6
24Chambers County18$8.0M57231.5
25Russell County17$15.2M85020.0
26Dale County16$9.5M71622.3
27Randolph County16$15.2M36444.0
28Escambia County16$3.1M75521.2
29Cherokee County15$8.9M39138.4
30Geneva County15$3.1M42435.4
31Chilton County14$12.0M80617.4
32Talladega County13$4.3M1,25610.4
33Covington County12$7.6M86413.9
34Jackson County12$8.7M87613.7
35Butler County12$15.5M43227.8
36Pike County11$19.8M65016.9
37Barbour County11$5.0M41226.7
38Colbert County10$8.6M1,2687.9
39Cleburne County10$12.4M18653.8
40Clarke County10$9.5M58117.2
41Sumter County8$2.1M20439.2
42Bibb County8$2.9M31325.6
43Blount County7$7.8M7779.0
44Franklin County7$6.8M53913.0
45Dallas County7$9.6M65110.8
46Clay County7$13.7M19236.5
47Macon County7$11.6M19635.7
48Conecuh County6$4.2M20429.4
49Monroe County6$7.7M38215.7
50Pickens County5$4.0M24320.6
51Lawrence County5$5.6M40812.3
52Crenshaw County5$3.2M22122.6
53Winston County4$784K4129.7
54Marion County3$1.7M5465.5
55Washington County3$329K22013.6
56Fayette County3$1.5M27710.8
57Marengo County3$4.1M4466.7
58Lowndes County2—11317.7
59Henry County2—3116.4
60Hale County2—18310.9
61Bullock County1—1099.2
62Choctaw County1—2434.1
63Wilcox County1—1695.9
64Perry County1—1178.5

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 7225304$187M11.9%
2Traveler AccommodationNAICS 7211103$250M4.0%
3Services to Buildings and DwellingsNAICS 561797$31.1M3.8%
4Other Amusement and Recreation IndustriesNAICS 713994$64.8M3.7%
5Automotive Repair and MaintenanceNAICS 811184$62.5M3.3%
6Poultry and Egg ProductionNAICS 112375$83.0M2.9%
7Personal Care ServicesNAICS 812168$19.4M2.7%
8Offices of Other Health PractitionersNAICS 621367$29.7M2.6%
9Building Equipment ContractorsNAICS 238263$31.1M2.5%
10General Freight TruckingNAICS 484159$11.3M2.3%
11Residential Building ConstructionNAICS 236146$15.7M1.8%
12Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 524244$25.8M1.7%
13Offices of DentistsNAICS 621239$35.7M1.5%
14Other Specialty Trade ContractorsNAICS 238939$14.4M1.5%
15Lessors of Real EstateNAICS 531138$42.5M1.5%

Sectors

#NAICS sectorApprovalsShare
1Accommodation and Food Services44617.5%
2Retail Trade33513.1%
3Construction2399.4%
4Other Services (except Public Administration)2379.3%
5Health Care and Social Assistance2218.7%
6Professional, Scientific, and Technical Services1736.8%
7Administrative and Support and Waste Management and Remediation Services1536.0%
8Manufacturing1355.3%
9Transportation and Warehousing1174.6%
10Arts, Entertainment, and Recreation1104.3%

Franchise brands

#BrandApprovalsShare
1Domino's Pizza110.4%
2The UPS Store90.4%
3Days Inn70.3%
4Motel 660.2%
5Hotworx60.2%
6Red Roof Inn50.2%
7Super 8 by Wyndhan50.2%
8Scooter's Coffee50.2%
9Crumbl50.2%
10Subway50.2%

How earlier loans turned out

Alabama, 7(a)7.9%
United States, 7(a)6.6%
Alabama, 5043.3%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021AL 7(a)US 7(a)AL 504US 504
Approvals in these years4,508639,90596585,591
Cancelled or never disbursed57479,31318812,514
Disbursed loans3,934560,59277773,077
Paid in full2,967435,81339535,491
Charged off31036,89126905
Still outstanding (status exempt from disclosure)65787,88835636,681
Charged off, share of disbursed loans7.9%6.6%3.3%1.2%
Dollars charged off, share of disbursed dollars3.0%2.5%2.4%0.9%
Dollars charged off$60.0M$5.70bn$12.4M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025AlabamaUnited States
Approvals per 1,000 establishments24.141.0
Median 7(a) approval$260K$190K
Median 504 approval$659K$657K
504 share of approvals13.7%11.0%
Jobs supported per approval, as reported11.410.5
Approvals, change on FY2016–FY202016%10%

Questions and answers

Which lenders make the most SBA loans in Alabama?

By 7(a) approvals in FY2021 to FY2025: The Huntington National Bank (159), Newtek Bank, National Association (140), Northeast Bank (137), Wells Fargo Bank National Association (120), Live Oak Banking Company (106). For 504 loans: Southern Development Council (117), Florida Business Development Corporation (95), Florida First Capital Finance Corporation, Inc. (69). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Alabama?

The median 7(a) approval was $260K and the median 504 approval $659K; the average across both programs was $696K.

Which industries get the most SBA loans in Alabama?

Restaurants and Other Eating Places (304); Traveler Accommodation (103); Services to Buildings and Dwellings (97); Other Amusement and Recreation Industries (94); Automotive Repair and Maintenance (84).

Which Alabama counties receive the most SBA loans?

Jefferson County (513), Madison County (235), Mobile County (234), Baldwin County (208), Shelby County (193), by approvals in FY2021 to FY2025.

Is SBA lending in Alabama rising?

Approvals in the three latest complete fiscal years total 1,712, against 1,185 in the three before: rising (+44%).

What share of SBA loans in Alabama are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 7.9% are recorded as charged off (national: 6.6%); for 504 loans the figure is 3.3% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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