FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Alabama, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 342 loans in Alabama: 290 under 7(a) and 52 under 504, worth $222M.
That is down 21% on FY2018, when there were 434 approvals worth $248M.
Alabama accounted for 0.6% of the 58,006 approvals nationwide that year. 84 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 34.
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 FY2019, of 84 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 34 | $1.0M | 9.9% | 57 | -23 |
| 2 | Southern Development Council | 504 | 26 | $10.8M | 7.6% | 18 | +8 |
| 3 | PNC Bank, National Association | 7(a) | 23 | $9.9M | 6.7% | 58 | -35 |
| 4 | United Midwest Savings Bank National Association | 7(a) | 16 | $2.6M | 4.7% | 13 | +3 |
| 5 | Live Oak Banking Company | 7(a) | 13 | $22.5M | 3.8% | 8 | +5 |
| 6 | BayFirst National Bank | 7(a) | 12 | $2.7M | 3.5% | 9 | +3 |
| 7 | Birmingham Citywide Local Development Company | 504 | 11 | $7.7M | 3.2% | 20 | -9 |
| 8 | Newtek Small Business Finance, Inc. | 7(a) | 10 | $6.2M | 2.9% | 8 | +2 |
| 9 | Stearns Bank National Association | 7(a) | 10 | $3.3M | 2.9% | 7 | +3 |
| 10 | Florida First Capital Finance Corporation, Inc. | 504 | 9 | $6.0M | 2.6% | 1 | +8 |
| 11 | Regions Bank | 7(a) | 8 | $8.9M | 2.3% | 10 | -2 |
| 12 | The Huntington National Bank | 7(a) | 8 | $6.4M | 2.3% | 16 | -8 |
| 13 | Northeast Bank | 7(a) | 7 | $5.9M | 2.0% | 14 | -7 |
| 14 | United Community Bank | 7(a) | 7 | $4.8M | 2.0% | 11 | -4 |
| 15 | Independence Bank | 7(a) | 7 | $1.1M | 2.0% | 9 | -2 |
| 16 | Pinnacle Bank | 7(a) | 6 | $7.6M | 1.8% | 15 | -9 |
| 17 | Florida Business Development Corporation | 504 | 6 | $4.2M | 1.8% | 5 | +1 |
| 18 | First Financial Bank | 7(a) | 6 | $3.6M | 1.8% | 5 | +1 |
| 19 | Valley National Bank | 7(a) | 6 | $1.4M | 1.8% | 17 | -11 |
| 20 | Millennial Bank | 7(a) | 5 | $1.5M | 1.5% | 2 | +3 |
| 21 | Friend Bank | 7(a) | 5 | $1.5M | 1.5% | 1 | +4 |
| 22 | PromiseOne Bank | 7(a) | 4 | $9.6M | 1.2% | 3 | +1 |
| 23 | Readycap Lending, LLC | 7(a) | 4 | $7.3M | 1.2% | 0 | new |
| 24 | Community Bank of Mississippi | 7(a) | 4 | $2.4M | 1.2% | 3 | +1 |
| 25 | Citizens Bank | 7(a) | 3 | $6.2M | 0.9% | 0 | new |
| 26 | First Horizon Bank | 7(a) | 3 | $5.5M | 0.9% | 4 | -1 |
| 27 | Celtic Bank Corporation | 7(a) | 3 | $4.0M | 0.9% | 10 | -7 |
| 28 | Embassy National Bank | 7(a) | 3 | $3.9M | 0.9% | 0 | new |
| 29 | Ameris Bank | 7(a) | 3 | $3.1M | 0.9% | 1 | +2 |
| 30 | Byline Bank | 7(a) | 3 | $1.7M | 0.9% | 7 | -4 |
| 31 | Peoples Bank of Alabama | 7(a) | 3 | $1.0M | 0.9% | 5 | -2 |
| 32 | Renasant Bank | 7(a) | 3 | $990K | 0.9% | 6 | -3 |
| 33 | BankFirst Financial Services | 7(a) | 3 | $785K | 0.9% | 0 | new |
| 34 | The Bancorp Bank National Association | 7(a) | 3 | $736K | 0.9% | 0 | new |
| 35 | Five Star Bank | 7(a) | 3 | $525K | 0.9% | 1 | +2 |
| 36 | BankPlus | 7(a) | 3 | $100K | 0.9% | 4 | -1 |
| 37 | Touchmark National Bank | 7(a) | 2 | — | 0.6% | 6 | -4 |
| 38 | North State Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 39 | Stone Bank | 7(a) | 2 | — | 0.6% | 2 | 0 |
| 40 | America First Federal Credit Union | 7(a) | 2 | — | 0.6% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 73 | $44.9M | 21.3% | 83 | -10 |
| 2 | Mobile County | 45 | $22.5M | 13.2% | 44 | +1 |
| 3 | Madison County | 27 | $15.1M | 7.9% | 38 | -11 |
| 4 | Shelby County | 24 | $24.5M | 7.0% | 34 | -10 |
| 5 | Baldwin County | 24 | $15.5M | 7.0% | 28 | -4 |
| 6 | Montgomery County | 16 | $7.0M | 4.7% | 27 | -11 |
| 7 | Tuscaloosa County | 15 | $13.2M | 4.4% | 15 | 0 |
| 8 | Houston County | 13 | $14.9M | 3.8% | 10 | +3 |
| 9 | Lee County | 10 | $3.7M | 2.9% | 20 | -10 |
| 10 | St. Clair County | 9 | $5.7M | 2.6% | 5 | +4 |
| 11 | Morgan County | 8 | $2.1M | 2.3% | 7 | +1 |
| 12 | Etowah County | 6 | $2.4M | 1.8% | 5 | +1 |
| 13 | Limestone County | 5 | $3.8M | 1.5% | 3 | +2 |
| 14 | Calhoun County | 5 | $5.8M | 1.5% | 5 | 0 |
| 15 | Blount County | 4 | $858K | 1.2% | 3 | +1 |
| 16 | Cullman County | 4 | $2.3M | 1.2% | 9 | -5 |
| 17 | Geneva County | 3 | $1.2M | 0.9% | 1 | +2 |
| 18 | Autauga County | 3 | $2.4M | 0.9% | 2 | +1 |
| 19 | Walker County | 3 | $140K | 0.9% | 3 | 0 |
| 20 | DeKalb County | 3 | $1.7M | 0.9% | 6 | -3 |
| 21 | Lauderdale County | 3 | $531K | 0.9% | 7 | -4 |
| 22 | Marshall County | 3 | $2.2M | 0.9% | 5 | -2 |
| 23 | Lawrence County | 3 | $413K | 0.9% | 1 | +2 |
| 24 | Jackson County | 3 | $5.8M | 0.9% | 3 | 0 |
| 25 | Sumter County | 3 | $2.9M | 0.9% | 1 | +2 |
| 26 | Barbour County | 3 | $1.9M | 0.9% | 5 | -2 |
| 27 | Dale County | 2 | — | 0.6% | 3 | -1 |
| 28 | Russell County | 2 | — | 0.6% | 8 | -6 |
| 29 | Randolph County | 2 | — | 0.6% | 3 | -1 |
| 30 | Cleburne County | 2 | — | 0.6% | 4 | -2 |
| 31 | Elmore County | 2 | — | 0.6% | 4 | -2 |
| 32 | Chambers County | 2 | — | 0.6% | 2 | 0 |
| 33 | Cherokee County | 1 | — | 0.3% | 0 | new |
| 34 | Colbert County | 1 | — | 0.3% | 1 | 0 |
| 35 | Franklin County | 1 | — | 0.3% | 0 | new |
| 36 | Henry County | 1 | — | 0.3% | 2 | -1 |
| 37 | Winston County | 1 | — | 0.3% | 3 | -2 |
| 38 | Pickens County | 1 | — | 0.3% | 1 | 0 |
| 39 | Chilton County | 1 | — | 0.3% | 1 | 0 |
| 40 | Bibb County | 1 | — | 0.3% | 1 | 0 |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2019 against FY2018
| Alabama | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 290 | 390 |
| 7(a) dollars | $194M | $206M |
| Median 7(a) approval | $254K | $200K |
| 504 approvals | 52 | 44 |
| 504 dollars | $28.6M | $41.9M |
| Jobs supported, as reported | 4,345 | 4,889 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2019?
Wells Fargo Bank National Association (34), Southern Development Council (26), PNC Bank, National Association (23), United Midwest Savings Bank National Association (16), Live Oak Banking Company (13). 84 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2019?
342: 290 under 7(a) worth $194M and 52 under 504 worth $28.6M.
Which Alabama counties had the most SBA approvals in FY2019?
Jefferson County (73), Mobile County (45), Madison County (27), Shelby County (24), Baldwin County (24).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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