FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Alabama, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 378 loans in Alabama: 302 under 7(a) and 76 under 504, worth $256M.
That is down 18% on FY2021, when there were 462 approvals worth $392M.
Alabama accounted for 0.7% of the 56,932 approvals nationwide that year. 76 lenders had at least one approval in the state; Southern Development Council had the most, 25.
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 FY2022, of 76 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Southern Development Council | 504 | 25 | $19.5M | 6.6% | 41 | -16 |
| 2 | BankFirst Financial Services | 7(a) | 23 | $4.4M | 6.1% | 11 | +12 |
| 3 | Wells Fargo Bank National Association | 7(a) | 22 | $2.2M | 5.8% | 31 | -9 |
| 4 | Newtek Small Business Finance, Inc. | 7(a) | 20 | $5.0M | 5.3% | 14 | +6 |
| 5 | Florida First Capital Finance Corporation, Inc. | 504 | 19 | $19.3M | 5.0% | 16 | +3 |
| 6 | Florida Business Development Corporation | 504 | 18 | $23.4M | 4.8% | 17 | +1 |
| 7 | The Huntington National Bank | 7(a) | 18 | $6.7M | 4.8% | 14 | +4 |
| 8 | Readycap Lending, LLC | 7(a) | 18 | $3.1M | 4.8% | 5 | +13 |
| 9 | Birmingham Citywide Local Development Company | 504 | 13 | $13.4M | 3.4% | 23 | -10 |
| 10 | SouthPoint Bank | 7(a) | 13 | $6.4M | 3.4% | 2 | +11 |
| 11 | United Midwest Savings Bank National Association | 7(a) | 12 | $5.3M | 3.2% | 19 | -7 |
| 12 | Regions Bank | 7(a) | 10 | $6.7M | 2.6% | 10 | 0 |
| 13 | First Financial Bank | 7(a) | 10 | $4.4M | 2.6% | 7 | +3 |
| 14 | Live Oak Banking Company | 7(a) | 8 | $14.8M | 2.1% | 16 | -8 |
| 15 | Peoples Bank of Alabama | 7(a) | 8 | $2.9M | 2.1% | 6 | +2 |
| 16 | PNC Bank, National Association | 7(a) | 8 | $2.5M | 2.1% | 32 | -24 |
| 17 | 22nd State Bank, A Division of 22nd State Banking Company | 7(a) | 7 | $2.8M | 1.9% | 1 | +6 |
| 18 | BayFirst National Bank | 7(a) | 7 | $1.0M | 1.9% | 2 | +5 |
| 19 | BankPlus | 7(a) | 6 | $8.6M | 1.6% | 4 | +2 |
| 20 | Pinnacle Bank | 7(a) | 6 | $7.9M | 1.6% | 11 | -5 |
| 21 | ServisFirst Bank | 7(a) | 6 | $6.5M | 1.6% | 3 | +3 |
| 22 | SouthState Bank, National Association | 7(a) | 6 | $5.6M | 1.6% | 10 | -4 |
| 23 | United Community Bank | 7(a) | 6 | $5.1M | 1.6% | 3 | +3 |
| 24 | Renasant Bank | 7(a) | 6 | $2.5M | 1.6% | 5 | +1 |
| 25 | Trustmark Bank | 7(a) | 6 | $2.1M | 1.6% | 6 | 0 |
| 26 | Bank Five Nine | 7(a) | 4 | $1.7M | 1.1% | 1 | +3 |
| 27 | Truist Bank | 7(a) | 3 | $4.5M | 0.8% | 1 | +2 |
| 28 | Oakworth Capital Bank | 7(a) | 3 | $4.2M | 0.8% | 2 | +1 |
| 29 | Hancock Whitney Bank | 7(a) | 3 | $3.5M | 0.8% | 4 | -1 |
| 30 | Millennial Bank | 7(a) | 3 | $3.0M | 0.8% | 7 | -4 |
| 31 | Celtic Bank Corporation | 7(a) | 3 | $1.6M | 0.8% | 4 | -1 |
| 32 | Customers Bank | 7(a) | 3 | $1.4M | 0.8% | 5 | -2 |
| 33 | Community Bank of Mississippi | 7(a) | 3 | $505K | 0.8% | 10 | -7 |
| 34 | State Bank of Texas | 7(a) | 2 | — | 0.5% | 0 | new |
| 35 | Central State Bank | 7(a) | 2 | — | 0.5% | 4 | -2 |
| 36 | UniBank | 7(a) | 2 | — | 0.5% | 2 | 0 |
| 37 | First Bank of Alabama | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 38 | IncredibleBank | 7(a) | 2 | — | 0.5% | 1 | +1 |
| 39 | Metro City Bank | 7(a) | 2 | — | 0.5% | 7 | -5 |
| 40 | FirstBank | 7(a) | 2 | — | 0.5% | 6 | -4 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 81 | $51.5M | 21.4% | 95 | -14 |
| 2 | Mobile County | 41 | $39.8M | 10.8% | 39 | +2 |
| 3 | Baldwin County | 36 | $22.8M | 9.5% | 22 | +14 |
| 4 | Shelby County | 27 | $14.7M | 7.1% | 38 | -11 |
| 5 | Madison County | 24 | $23.5M | 6.3% | 38 | -14 |
| 6 | Montgomery County | 20 | $9.6M | 5.3% | 28 | -8 |
| 7 | Tuscaloosa County | 15 | $3.5M | 4.0% | 18 | -3 |
| 8 | Lee County | 14 | $11.4M | 3.7% | 19 | -5 |
| 9 | Houston County | 11 | $7.1M | 2.9% | 19 | -8 |
| 10 | DeKalb County | 11 | $8.4M | 2.9% | 7 | +4 |
| 11 | Marshall County | 10 | $9.2M | 2.6% | 9 | +1 |
| 12 | Geneva County | 7 | $1.5M | 1.9% | 5 | +2 |
| 13 | Morgan County | 6 | $6.2M | 1.6% | 12 | -6 |
| 14 | Sumter County | 6 | $1.9M | 1.6% | 0 | new |
| 15 | Calhoun County | 5 | $2.8M | 1.3% | 9 | -4 |
| 16 | Cherokee County | 4 | $1.2M | 1.1% | 7 | -3 |
| 17 | St. Clair County | 4 | $2.2M | 1.1% | 8 | -4 |
| 18 | Limestone County | 4 | $1.3M | 1.1% | 5 | -1 |
| 19 | Etowah County | 4 | $3.1M | 1.1% | 2 | +2 |
| 20 | Walker County | 4 | $2.7M | 1.1% | 6 | -2 |
| 21 | Talladega County | 4 | $1.4M | 1.1% | 3 | +1 |
| 22 | Pike County | 3 | $3.2M | 0.8% | 3 | 0 |
| 23 | Russell County | 3 | $2.3M | 0.8% | 6 | -3 |
| 24 | Jackson County | 3 | $1.7M | 0.8% | 1 | +2 |
| 25 | Barbour County | 3 | $1.7M | 0.8% | 5 | -2 |
| 26 | Marion County | 2 | — | 0.5% | 0 | new |
| 27 | Blount County | 2 | — | 0.5% | 1 | +1 |
| 28 | Autauga County | 2 | — | 0.5% | 3 | -1 |
| 29 | Lauderdale County | 2 | — | 0.5% | 3 | -1 |
| 30 | Coffee County | 2 | — | 0.5% | 1 | +1 |
| 31 | Butler County | 2 | — | 0.5% | 1 | +1 |
| 32 | Escambia County | 2 | — | 0.5% | 2 | 0 |
| 33 | Cullman County | 1 | — | 0.3% | 3 | -2 |
| 34 | Tallapoosa County | 1 | — | 0.3% | 4 | -3 |
| 35 | Randolph County | 1 | — | 0.3% | 1 | 0 |
| 36 | Colbert County | 1 | — | 0.3% | 2 | -1 |
| 37 | Cleburne County | 1 | — | 0.3% | 3 | -2 |
| 38 | Henry County | 1 | — | 0.3% | 0 | new |
| 39 | Winston County | 1 | — | 0.3% | 0 | new |
| 40 | Covington County | 1 | — | 0.3% | 4 | -3 |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2022 against FY2021
| Alabama | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 302 | 365 |
| 7(a) dollars | $180M | $302M |
| Median 7(a) approval | $289K | $386K |
| 504 approvals | 76 | 97 |
| 504 dollars | $76.6M | $90.2M |
| Jobs supported, as reported | 4,065 | 5,844 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2022?
Southern Development Council (25), BankFirst Financial Services (23), Wells Fargo Bank National Association (22), Newtek Small Business Finance, Inc. (20), Florida First Capital Finance Corporation, Inc. (19). 76 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2022?
378: 302 under 7(a) worth $180M and 76 under 504 worth $76.6M.
Which Alabama counties had the most SBA approvals in FY2022?
Jefferson County (81), Mobile County (41), Baldwin County (36), Shelby County (27), Madison County (24).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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