FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Alabama, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 514 loans in Alabama: 454 under 7(a) and 60 under 504, worth $262M.
That is down 9% on FY2016, when there were 562 approvals worth $256M.
Alabama accounted for 0.7% of the 68,648 approvals nationwide that year. 75 lenders had at least one approval in the state; PNC Bank, National Association had the most, 112.
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 FY2017, of 75 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | PNC Bank, National Association | 7(a) | 112 | $12.7M | 21.8% | 124 | -12 |
| 2 | Wells Fargo Bank National Association | 7(a) | 46 | $6.2M | 8.9% | 96 | -50 |
| 3 | Birmingham Citywide Local Development Company | 504 | 28 | $29.9M | 5.4% | 20 | +8 |
| 4 | Southern Development Council | 504 | 19 | $10.4M | 3.7% | 25 | -6 |
| 5 | BayFirst National Bank | 7(a) | 19 | $5.1M | 3.7% | 9 | +10 |
| 6 | Regions Bank | 7(a) | 18 | $10.0M | 3.5% | 24 | -6 |
| 7 | Celtic Bank Corporation | 7(a) | 17 | $6.1M | 3.3% | 12 | +5 |
| 8 | Peoples Bank of Alabama | 7(a) | 12 | $11.9M | 2.3% | 8 | +4 |
| 9 | Live Oak Banking Company | 7(a) | 11 | $10.5M | 2.1% | 18 | -7 |
| 10 | Truist Bank | 7(a) | 11 | $9.1M | 2.1% | 4 | +7 |
| 11 | Florida Business Development Corporation | 504 | 11 | $8.9M | 2.1% | 10 | +1 |
| 12 | First Financial Bank | 7(a) | 11 | $2.7M | 2.1% | 16 | -5 |
| 13 | Independence Bank | 7(a) | 11 | $1.3M | 2.1% | 2 | +9 |
| 14 | Valley National Bank | 7(a) | 10 | $12.4M | 1.9% | 13 | -3 |
| 15 | Metro City Bank | 7(a) | 10 | $7.0M | 1.9% | 11 | -1 |
| 16 | Redstone FCU | 7(a) | 10 | $471K | 1.9% | 20 | -10 |
| 17 | United Community Bank | 7(a) | 9 | $8.2M | 1.8% | 13 | -4 |
| 18 | First Horizon Bank | 7(a) | 9 | $7.2M | 1.8% | 9 | 0 |
| 19 | Pinnacle Bank | 7(a) | 8 | $12.8M | 1.6% | 12 | -4 |
| 20 | Northeast Bank | 7(a) | 8 | $1.0M | 1.6% | 1 | +7 |
| 21 | Hancock Whitney Bank | 7(a) | 7 | $6.0M | 1.4% | 4 | +3 |
| 22 | SouthState Bank, National Association | 7(a) | 7 | $5.0M | 1.4% | 6 | +1 |
| 23 | The Huntington National Bank | 7(a) | 7 | $4.3M | 1.4% | 10 | -3 |
| 24 | Stearns Bank National Association | 7(a) | 7 | $1.3M | 1.4% | 3 | +4 |
| 25 | BHM Bank | 7(a) | 6 | $1.4M | 1.2% | 4 | +2 |
| 26 | FirstBank | 7(a) | 5 | $3.0M | 1.0% | 3 | +2 |
| 27 | Trustmark Bank | 7(a) | 5 | $1.2M | 1.0% | 5 | 0 |
| 28 | American Commerce Bank, National Association | 7(a) | 4 | $8.7M | 0.8% | 3 | +1 |
| 29 | PromiseOne Bank | 7(a) | 4 | $3.6M | 0.8% | 3 | +1 |
| 30 | Embassy National Bank | 7(a) | 4 | $3.5M | 0.8% | 2 | +2 |
| 31 | Simmons Bank | 7(a) | 4 | $2.3M | 0.8% | 1 | +3 |
| 32 | ServisFirst Bank | 7(a) | 4 | $2.0M | 0.8% | 3 | +1 |
| 33 | United Midwest Savings Bank National Association | 7(a) | 4 | $1.2M | 0.8% | 2 | +2 |
| 34 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $4.3M | 0.6% | 4 | -1 |
| 35 | Ameris Bank | 7(a) | 3 | $2.2M | 0.6% | 4 | -1 |
| 36 | Renasant Bank | 7(a) | 3 | $873K | 0.6% | 3 | 0 |
| 37 | TruFund Financial Services Inc | 7(a) | 3 | $415K | 0.6% | 1 | +2 |
| 38 | Happen Bank | 7(a) | 2 | — | 0.4% | 0 | new |
| 39 | JPMorgan Chase Bank, National Association | 7(a) | 2 | — | 0.4% | 0 | new |
| 40 | Customers Bank | 7(a) | 2 | — | 0.4% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 119 | $68.8M | 23.2% | 130 | -11 |
| 2 | Madison County | 57 | $22.9M | 11.1% | 69 | -12 |
| 3 | Mobile County | 46 | $17.0M | 8.9% | 55 | -9 |
| 4 | Baldwin County | 34 | $13.6M | 6.6% | 33 | +1 |
| 5 | Shelby County | 29 | $18.3M | 5.6% | 42 | -13 |
| 6 | Montgomery County | 24 | $13.1M | 4.7% | 26 | -2 |
| 7 | Lee County | 22 | $10.5M | 4.3% | 23 | -1 |
| 8 | Tuscaloosa County | 21 | $5.2M | 4.1% | 18 | +3 |
| 9 | Morgan County | 16 | $6.3M | 3.1% | 12 | +4 |
| 10 | Etowah County | 13 | $5.1M | 2.5% | 3 | +10 |
| 11 | Houston County | 11 | $6.8M | 2.1% | 11 | 0 |
| 12 | DeKalb County | 10 | $6.2M | 1.9% | 7 | +3 |
| 13 | Calhoun County | 8 | $5.8M | 1.6% | 6 | +2 |
| 14 | Talladega County | 7 | $6.5M | 1.4% | 3 | +4 |
| 15 | Barbour County | 7 | $3.8M | 1.4% | 5 | +2 |
| 16 | Russell County | 6 | $5.8M | 1.2% | 6 | 0 |
| 17 | Limestone County | 6 | $2.2M | 1.2% | 9 | -3 |
| 18 | Lauderdale County | 6 | $1.6M | 1.2% | 8 | -2 |
| 19 | Coffee County | 6 | $4.1M | 1.2% | 2 | +4 |
| 20 | Autauga County | 5 | $3.5M | 1.0% | 2 | +3 |
| 21 | Marshall County | 5 | $1.1M | 1.0% | 7 | -2 |
| 22 | Blount County | 4 | $205K | 0.8% | 5 | -1 |
| 23 | Walker County | 4 | $2.4M | 0.8% | 9 | -5 |
| 24 | Franklin County | 4 | $665K | 0.8% | 1 | +3 |
| 25 | Jackson County | 4 | $1.1M | 0.8% | 3 | +1 |
| 26 | St. Clair County | 3 | $1.6M | 0.6% | 4 | -1 |
| 27 | Pike County | 3 | $5.3M | 0.6% | 2 | +1 |
| 28 | Tallapoosa County | 3 | $300K | 0.6% | 8 | -5 |
| 29 | Lowndes County | 3 | $2.3M | 0.6% | 0 | new |
| 30 | Covington County | 3 | $1.4M | 0.6% | 5 | -2 |
| 31 | Chambers County | 3 | $1.7M | 0.6% | 2 | +1 |
| 32 | Dale County | 2 | — | 0.4% | 4 | -2 |
| 33 | Cherokee County | 2 | — | 0.4% | 1 | +1 |
| 34 | Colbert County | 2 | — | 0.4% | 3 | -1 |
| 35 | Lawrence County | 2 | — | 0.4% | 5 | -3 |
| 36 | Clay County | 2 | — | 0.4% | 0 | new |
| 37 | Sumter County | 2 | — | 0.4% | 0 | new |
| 38 | Escambia County | 2 | — | 0.4% | 1 | +1 |
| 39 | Cullman County | 1 | — | 0.2% | 5 | -4 |
| 40 | Lamar County | 1 | — | 0.2% | 0 | new |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2017 against FY2016
| Alabama | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 454 | 505 |
| 7(a) dollars | $209M | $225M |
| Median 7(a) approval | $150K | $129K |
| 504 approvals | 60 | 57 |
| 504 dollars | $52.3M | $31.7M |
| Jobs supported, as reported | 4,960 | 5,541 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2017?
PNC Bank, National Association (112), Wells Fargo Bank National Association (46), Birmingham Citywide Local Development Company (28), Southern Development Council (19), BayFirst National Bank (19). 75 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2017?
514: 454 under 7(a) worth $209M and 60 under 504 worth $52.3M.
Which Alabama counties had the most SBA approvals in FY2017?
Jefferson County (119), Madison County (57), Mobile County (46), Baldwin County (34), Shelby County (29).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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