FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Alabama, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 434 loans in Alabama: 390 under 7(a) and 44 under 504, worth $248M.
That is down 16% on FY2017, when there were 514 approvals worth $262M.
Alabama accounted for 0.7% of the 66,228 approvals nationwide that year. 73 lenders had at least one approval in the state; PNC Bank, National Association had the most, 58.
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 FY2018, of 73 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | PNC Bank, National Association | 7(a) | 58 | $12.3M | 13.4% | 112 | -54 |
| 2 | Wells Fargo Bank National Association | 7(a) | 57 | $1.1M | 13.1% | 46 | +11 |
| 3 | Birmingham Citywide Local Development Company | 504 | 20 | $17.6M | 4.6% | 28 | -8 |
| 4 | Southern Development Council | 504 | 18 | $12.7M | 4.1% | 19 | -1 |
| 5 | Valley National Bank | 7(a) | 17 | $12.3M | 3.9% | 10 | +7 |
| 6 | The Huntington National Bank | 7(a) | 16 | $8.8M | 3.7% | 7 | +9 |
| 7 | Pinnacle Bank | 7(a) | 15 | $14.4M | 3.5% | 8 | +7 |
| 8 | Northeast Bank | 7(a) | 14 | $1.8M | 3.2% | 8 | +6 |
| 9 | United Midwest Savings Bank National Association | 7(a) | 13 | $1.5M | 3.0% | 4 | +9 |
| 10 | United Community Bank | 7(a) | 11 | $6.3M | 2.5% | 9 | +2 |
| 11 | Regions Bank | 7(a) | 10 | $11.1M | 2.3% | 18 | -8 |
| 12 | Celtic Bank Corporation | 7(a) | 10 | $7.5M | 2.3% | 17 | -7 |
| 13 | Metro City Bank | 7(a) | 10 | $6.3M | 2.3% | 10 | 0 |
| 14 | BayFirst National Bank | 7(a) | 9 | $1.6M | 2.1% | 19 | -10 |
| 15 | Independence Bank | 7(a) | 9 | $1.1M | 2.1% | 11 | -2 |
| 16 | Live Oak Banking Company | 7(a) | 8 | $19.2M | 1.8% | 11 | -3 |
| 17 | Newtek Small Business Finance, Inc. | 7(a) | 8 | $3.2M | 1.8% | 3 | +5 |
| 18 | Byline Bank | 7(a) | 7 | $5.4M | 1.6% | 1 | +6 |
| 19 | Stearns Bank National Association | 7(a) | 7 | $1.4M | 1.6% | 7 | 0 |
| 20 | Truist Bank | 7(a) | 7 | $1.3M | 1.6% | 11 | -4 |
| 21 | Touchmark National Bank | 7(a) | 6 | $9.5M | 1.4% | 1 | +5 |
| 22 | Renasant Bank | 7(a) | 6 | $4.7M | 1.4% | 3 | +3 |
| 23 | Florida Business Development Corporation | 504 | 5 | $10.5M | 1.2% | 11 | -6 |
| 24 | First Financial Bank | 7(a) | 5 | $3.4M | 1.2% | 11 | -6 |
| 25 | Peoples Bank of Alabama | 7(a) | 5 | $2.8M | 1.2% | 12 | -7 |
| 26 | First Bank | 7(a) | 4 | $3.4M | 0.9% | 0 | new |
| 27 | First Horizon Bank | 7(a) | 4 | $2.6M | 0.9% | 9 | -5 |
| 28 | SouthState Bank, National Association | 7(a) | 4 | $1.3M | 0.9% | 7 | -3 |
| 29 | BankPlus | 7(a) | 4 | $431K | 0.9% | 1 | +3 |
| 30 | ServisFirst Bank | 7(a) | 3 | $3.5M | 0.7% | 4 | -1 |
| 31 | PromiseOne Bank | 7(a) | 3 | $2.7M | 0.7% | 4 | -1 |
| 32 | Community Bank of Mississippi | 7(a) | 3 | $1.4M | 0.7% | 1 | +2 |
| 33 | Redstone FCU | 7(a) | 3 | $938K | 0.7% | 10 | -7 |
| 34 | PCB Bank | 7(a) | 3 | $818K | 0.7% | 1 | +2 |
| 35 | Brightbridge, Inc. | 7(a) | 3 | $566K | 0.7% | 1 | +2 |
| 36 | Stone Bank | 7(a) | 2 | — | 0.5% | 0 | new |
| 37 | Wallis Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 38 | HomeTrust Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 39 | First US Bank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 40 | Millennial Bank | 7(a) | 2 | — | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 83 | $48.8M | 19.1% | 119 | -36 |
| 2 | Mobile County | 44 | $18.5M | 10.1% | 46 | -2 |
| 3 | Madison County | 38 | $18.4M | 8.8% | 57 | -19 |
| 4 | Shelby County | 34 | $18.3M | 7.8% | 29 | +5 |
| 5 | Baldwin County | 28 | $8.7M | 6.5% | 34 | -6 |
| 6 | Montgomery County | 27 | $24.7M | 6.2% | 24 | +3 |
| 7 | Lee County | 20 | $10.1M | 4.6% | 22 | -2 |
| 8 | Tuscaloosa County | 15 | $4.8M | 3.5% | 21 | -6 |
| 9 | Houston County | 10 | $8.1M | 2.3% | 11 | -1 |
| 10 | Cullman County | 9 | $5.4M | 2.1% | 1 | +8 |
| 11 | Russell County | 8 | $3.5M | 1.8% | 6 | +2 |
| 12 | Morgan County | 7 | $3.1M | 1.6% | 16 | -9 |
| 13 | Lauderdale County | 7 | $3.1M | 1.6% | 6 | +1 |
| 14 | DeKalb County | 6 | $3.1M | 1.4% | 10 | -4 |
| 15 | St. Clair County | 5 | $1.4M | 1.2% | 3 | +2 |
| 16 | Etowah County | 5 | $1.2M | 1.2% | 13 | -8 |
| 17 | Tallapoosa County | 5 | $6.1M | 1.2% | 3 | +2 |
| 18 | Calhoun County | 5 | $5.7M | 1.2% | 8 | -3 |
| 19 | Talladega County | 5 | $6.3M | 1.2% | 7 | -2 |
| 20 | Marshall County | 5 | $4.0M | 1.2% | 5 | 0 |
| 21 | Barbour County | 5 | $1.1M | 1.2% | 7 | -2 |
| 22 | Cleburne County | 4 | $2.4M | 0.9% | 0 | new |
| 23 | Elmore County | 4 | $902K | 0.9% | 1 | +3 |
| 24 | Dale County | 3 | $1.2M | 0.7% | 2 | +1 |
| 25 | Marion County | 3 | $2.1M | 0.7% | 0 | new |
| 26 | Blount County | 3 | $255K | 0.7% | 4 | -1 |
| 27 | Limestone County | 3 | $444K | 0.7% | 6 | -3 |
| 28 | Randolph County | 3 | $375K | 0.7% | 0 | new |
| 29 | Walker County | 3 | $2.0M | 0.7% | 4 | -1 |
| 30 | Winston County | 3 | $2.0M | 0.7% | 0 | new |
| 31 | Jackson County | 3 | $1.9M | 0.7% | 4 | -1 |
| 32 | Washington County | 3 | $630K | 0.7% | 0 | new |
| 33 | Pike County | 2 | — | 0.5% | 3 | -1 |
| 34 | Autauga County | 2 | — | 0.5% | 5 | -3 |
| 35 | Henry County | 2 | — | 0.5% | 1 | +1 |
| 36 | Coffee County | 2 | — | 0.5% | 6 | -4 |
| 37 | Dallas County | 2 | — | 0.5% | 0 | new |
| 38 | Covington County | 2 | — | 0.5% | 3 | -1 |
| 39 | Clay County | 2 | — | 0.5% | 2 | 0 |
| 40 | Chambers County | 2 | — | 0.5% | 3 | -1 |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2018 against FY2017
| Alabama | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 390 | 454 |
| 7(a) dollars | $206M | $209M |
| Median 7(a) approval | $200K | $150K |
| 504 approvals | 44 | 60 |
| 504 dollars | $41.9M | $52.3M |
| Jobs supported, as reported | 4,889 | 4,960 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2018?
PNC Bank, National Association (58), Wells Fargo Bank National Association (57), Birmingham Citywide Local Development Company (20), Southern Development Council (18), Valley National Bank (17). 73 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2018?
434: 390 under 7(a) worth $206M and 44 under 504 worth $41.9M.
Which Alabama counties had the most SBA approvals in FY2018?
Jefferson County (83), Mobile County (44), Madison County (38), Shelby County (34), Baldwin County (28).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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