FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Alabama, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 562 loans in Alabama: 505 under 7(a) and 57 under 504, worth $256M.
That is about level with FY2015, when there were 536 approvals worth $250M.
Alabama accounted for 0.8% of the 70,012 approvals nationwide that year. 62 lenders had at least one approval in the state; PNC Bank, National Association had the most, 124.
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.
Approvals by lender
The 40 lenders with the most approvals to Alabama businesses in FY2016, of 62 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | PNC Bank, National Association | 7(a) | 124 | $12.7M | 22.1% | 100 | +24 |
| 2 | Wells Fargo Bank National Association | 7(a) | 96 | $6.5M | 17.1% | 75 | +21 |
| 3 | Southern Development Council | 504 | 25 | $16.2M | 4.4% | 27 | -2 |
| 4 | Regions Bank | 7(a) | 24 | $13.3M | 4.3% | 23 | +1 |
| 5 | Birmingham Citywide Local Development Company | 504 | 20 | $8.8M | 3.6% | 24 | -4 |
| 6 | Redstone FCU | 7(a) | 20 | $2.0M | 3.6% | 16 | +4 |
| 7 | Live Oak Banking Company | 7(a) | 18 | $21.1M | 3.2% | 32 | -14 |
| 8 | First Financial Bank | 7(a) | 16 | $8.2M | 2.8% | 28 | -12 |
| 9 | Valley National Bank | 7(a) | 13 | $14.0M | 2.3% | 7 | +6 |
| 10 | United Community Bank | 7(a) | 13 | $8.1M | 2.3% | 7 | +6 |
| 11 | Pinnacle Bank | 7(a) | 12 | $6.6M | 2.1% | 9 | +3 |
| 12 | Celtic Bank Corporation | 7(a) | 12 | $1.2M | 2.1% | 18 | -6 |
| 13 | Metro City Bank | 7(a) | 11 | $6.6M | 2.0% | 9 | +2 |
| 14 | The Huntington National Bank | 7(a) | 10 | $5.0M | 1.8% | 12 | -2 |
| 15 | Florida Business Development Corporation | 504 | 10 | $2.7M | 1.8% | 9 | +1 |
| 16 | First Horizon Bank | 7(a) | 9 | $4.6M | 1.6% | 2 | +7 |
| 17 | BayFirst National Bank | 7(a) | 9 | $2.3M | 1.6% | 0 | new |
| 18 | Community Bank of Mississippi | 7(a) | 9 | $1.8M | 1.6% | 4 | +5 |
| 19 | Peoples Bank of Alabama | 7(a) | 8 | $6.8M | 1.4% | 10 | -2 |
| 20 | BankUnited, National Association | 7(a) | 7 | $8.7M | 1.2% | 0 | new |
| 21 | SouthState Bank, National Association | 7(a) | 6 | $11.5M | 1.1% | 7 | -1 |
| 22 | Columbia Bank | 7(a) | 5 | $11.1M | 0.9% | 1 | +4 |
| 23 | Trustmark Bank | 7(a) | 5 | $1.8M | 0.9% | 7 | -2 |
| 24 | Hancock Whitney Bank | 7(a) | 4 | $5.6M | 0.7% | 7 | -3 |
| 25 | BHM Bank | 7(a) | 4 | $2.3M | 0.7% | 7 | -3 |
| 26 | Ameris Bank | 7(a) | 4 | $2.1M | 0.7% | 3 | +1 |
| 27 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $1.9M | 0.7% | 2 | +2 |
| 28 | Truist Bank | 7(a) | 4 | $1.6M | 0.7% | 7 | -3 |
| 29 | The Bancorp Bank National Association | 7(a) | 3 | $8.5M | 0.5% | 1 | +2 |
| 30 | Bank Five Nine | 7(a) | 3 | $5.7M | 0.5% | 1 | +2 |
| 31 | PromiseOne Bank | 7(a) | 3 | $4.0M | 0.5% | 6 | -3 |
| 32 | American Commerce Bank, National Association | 7(a) | 3 | $3.6M | 0.5% | 2 | +1 |
| 33 | FirstBank | 7(a) | 3 | $3.1M | 0.5% | 5 | -2 |
| 34 | ServisFirst Bank | 7(a) | 3 | $2.1M | 0.5% | 5 | -2 |
| 35 | Renasant Bank | 7(a) | 3 | $1.9M | 0.5% | 4 | -1 |
| 36 | Stearns Bank National Association | 7(a) | 3 | $802K | 0.5% | 1 | +2 |
| 37 | Byline Bank | 7(a) | 2 | — | 0.4% | 3 | -1 |
| 38 | Georgia Certified Development Corporation | 504 | 2 | — | 0.4% | 0 | new |
| 39 | BizCapital BIDCO I, LLC | 7(a) | 2 | — | 0.4% | 1 | +1 |
| 40 | Embassy National Bank | 7(a) | 2 | — | 0.4% | 2 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 130 | $71.8M | 23.1% | 109 | +21 |
| 2 | Madison County | 69 | $23.9M | 12.3% | 68 | +1 |
| 3 | Mobile County | 55 | $13.2M | 9.8% | 50 | +5 |
| 4 | Shelby County | 42 | $21.2M | 7.5% | 34 | +8 |
| 5 | Baldwin County | 33 | $8.7M | 5.9% | 26 | +7 |
| 6 | Montgomery County | 26 | $5.8M | 4.6% | 26 | 0 |
| 7 | Lee County | 23 | $7.3M | 4.1% | 13 | +10 |
| 8 | Tuscaloosa County | 18 | $8.7M | 3.2% | 21 | -3 |
| 9 | Morgan County | 12 | $1.8M | 2.1% | 14 | -2 |
| 10 | Houston County | 11 | $3.8M | 2.0% | 14 | -3 |
| 11 | Limestone County | 9 | $2.8M | 1.6% | 7 | +2 |
| 12 | Walker County | 9 | $11.1M | 1.6% | 3 | +6 |
| 13 | Tallapoosa County | 8 | $7.4M | 1.4% | 3 | +5 |
| 14 | Lauderdale County | 8 | $7.8M | 1.4% | 4 | +4 |
| 15 | DeKalb County | 7 | $2.9M | 1.2% | 20 | -13 |
| 16 | Marshall County | 7 | $1.8M | 1.2% | 14 | -7 |
| 17 | Russell County | 6 | $6.2M | 1.1% | 7 | -1 |
| 18 | Calhoun County | 6 | $7.7M | 1.1% | 7 | -1 |
| 19 | Monroe County | 6 | $3.5M | 1.1% | 0 | new |
| 20 | Blount County | 5 | $1.6M | 0.9% | 6 | -1 |
| 21 | Cullman County | 5 | $3.8M | 0.9% | 6 | -1 |
| 22 | Covington County | 5 | $3.3M | 0.9% | 5 | 0 |
| 23 | Lawrence County | 5 | $750K | 0.9% | 2 | +3 |
| 24 | Barbour County | 5 | $3.9M | 0.9% | 2 | +3 |
| 25 | Dale County | 4 | $1.3M | 0.7% | 4 | 0 |
| 26 | St. Clair County | 4 | $2.0M | 0.7% | 4 | 0 |
| 27 | Randolph County | 4 | $3.2M | 0.7% | 2 | +2 |
| 28 | Etowah County | 3 | $1.4M | 0.5% | 6 | -3 |
| 29 | Colbert County | 3 | $2.2M | 0.5% | 2 | +1 |
| 30 | Cleburne County | 3 | $1.4M | 0.5% | 6 | -3 |
| 31 | Talladega County | 3 | $851K | 0.5% | 7 | -4 |
| 32 | Jackson County | 3 | $2.4M | 0.5% | 4 | -1 |
| 33 | Marion County | 2 | — | 0.4% | 1 | +1 |
| 34 | Pike County | 2 | — | 0.4% | 3 | -1 |
| 35 | Geneva County | 2 | — | 0.4% | 2 | 0 |
| 36 | Autauga County | 2 | — | 0.4% | 3 | -1 |
| 37 | Coffee County | 2 | — | 0.4% | 4 | -2 |
| 38 | Chilton County | 2 | — | 0.4% | 0 | new |
| 39 | Chambers County | 2 | — | 0.4% | 2 | 0 |
| 40 | Butler County | 2 | — | 0.4% | 0 | new |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2016 against FY2015
| Alabama | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 505 | 475 |
| 7(a) dollars | $225M | $214M |
| Median 7(a) approval | $129K | $147K |
| 504 approvals | 57 | 61 |
| 504 dollars | $31.7M | $35.5M |
| Jobs supported, as reported | 5,541 | 5,401 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2016?
PNC Bank, National Association (124), Wells Fargo Bank National Association (96), Southern Development Council (25), Regions Bank (24), Birmingham Citywide Local Development Company (20). 62 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2016?
562: 505 under 7(a) worth $225M and 57 under 504 worth $31.7M.
Which Alabama counties had the most SBA approvals in FY2016?
Jefferson County (130), Madison County (69), Mobile County (55), Shelby County (42), Baldwin County (33).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error