FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Alabama, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 685 loans in Alabama: 626 under 7(a) and 59 under 504, worth $424M.
That is up 22% on FY2024, when there were 563 approvals worth $361M.
Alabama accounted for 0.8% of the 84,840 approvals nationwide that year. 105 lenders had at least one approval in the state; Northeast Bank had the most, 102.
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 FY2025, of 105 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 7(a) | 102 | $16.7M | 14.9% | 29 | +73 |
| 2 | Newtek Bank, National Association | 7(a) | 69 | $26.3M | 10.1% | 55 | +14 |
| 3 | The Huntington National Bank | 7(a) | 52 | $23.6M | 7.6% | 38 | +14 |
| 4 | Live Oak Banking Company | 7(a) | 36 | $47.5M | 5.3% | 24 | +12 |
| 5 | Sabre Finance | 7(a) | 33 | $5.8M | 4.8% | 23 | +10 |
| 6 | Southern Development Council | 504 | 24 | $25.0M | 3.5% | 14 | +10 |
| 7 | Wells Fargo Bank National Association | 7(a) | 24 | $3.8M | 3.5% | 20 | +4 |
| 8 | Readycap Lending, LLC | 7(a) | 23 | $9.0M | 3.4% | 29 | -6 |
| 9 | BayFirst National Bank | 7(a) | 22 | $3.4M | 3.2% | 33 | -11 |
| 10 | Florida Business Development Corporation | 504 | 19 | $22.4M | 2.8% | 18 | +1 |
| 11 | Lendistry SBLC, LLC | 7(a) | 17 | $2.9M | 2.5% | 6 | +11 |
| 12 | Regions Bank | 7(a) | 13 | $4.2M | 1.9% | 3 | +10 |
| 13 | United Midwest Savings Bank National Association | 7(a) | 12 | $5.8M | 1.8% | 14 | -2 |
| 14 | Celtic Bank Corporation | 7(a) | 12 | $2.7M | 1.8% | 12 | 0 |
| 15 | Birmingham Citywide Local Development Company | 504 | 10 | $17.3M | 1.5% | 8 | +2 |
| 16 | Pinnacle Bank | 7(a) | 10 | $12.4M | 1.5% | 8 | +2 |
| 17 | First Bank of the Lake | 7(a) | 9 | $4.7M | 1.3% | 12 | -3 |
| 18 | The Citizens National Bank of Meridian | 7(a) | 8 | $1.4M | 1.2% | 0 | new |
| 19 | U.S. Bank, National Association | 7(a) | 7 | $1.3M | 1.0% | 1 | +6 |
| 20 | PNC Bank, National Association | 7(a) | 7 | $1.2M | 1.0% | 8 | -1 |
| 21 | Byline Bank | 7(a) | 6 | $9.1M | 0.9% | 1 | +5 |
| 22 | Renasant Bank | 7(a) | 6 | $6.1M | 0.9% | 3 | +3 |
| 23 | GBank | 7(a) | 5 | $14.3M | 0.7% | 4 | +1 |
| 24 | Climate First Bank | 7(a) | 5 | $13.0M | 0.7% | 0 | new |
| 25 | Florida First Capital Finance Corporation, Inc. | 504 | 5 | $6.1M | 0.7% | 17 | -12 |
| 26 | SouthState Bank, National Association | 7(a) | 5 | $3.4M | 0.7% | 14 | -9 |
| 27 | Hancock Whitney Bank | 7(a) | 5 | $2.8M | 0.7% | 6 | -1 |
| 28 | ServisFirst Bank | 7(a) | 5 | $2.6M | 0.7% | 1 | +4 |
| 29 | Community Bank of Mississippi | 7(a) | 5 | $1.2M | 0.7% | 4 | +1 |
| 30 | Bank of Hope | 7(a) | 4 | $10.1M | 0.6% | 3 | +1 |
| 31 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 4 | $5.1M | 0.6% | 3 | +1 |
| 32 | First Financial Bank | 7(a) | 4 | $2.8M | 0.6% | 6 | -2 |
| 33 | Metro City Bank | 7(a) | 4 | $2.8M | 0.6% | 9 | -5 |
| 34 | Citizens Bank | 7(a) | 4 | $2.3M | 0.6% | 1 | +3 |
| 35 | Grasshopper Bank National Association | 7(a) | 4 | $1.9M | 0.6% | 0 | new |
| 36 | River Bank and Trust | 7(a) | 4 | $1.7M | 0.6% | 13 | -9 |
| 37 | United Bank | 7(a) | 4 | $1.0M | 0.6% | 1 | +3 |
| 38 | Shoreham Bank | 7(a) | 4 | $400K | 0.6% | 1 | +3 |
| 39 | First Internet Bank of Indiana | 7(a) | 3 | $5.5M | 0.4% | 0 | new |
| 40 | SouthPoint Bank | 7(a) | 3 | $4.9M | 0.4% | 5 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 140 | $83.4M | 20.4% | 120 | +20 |
| 2 | Madison County | 72 | $35.1M | 10.5% | 55 | +17 |
| 3 | Mobile County | 60 | $31.6M | 8.8% | 48 | +12 |
| 4 | Shelby County | 54 | $23.9M | 7.9% | 31 | +23 |
| 5 | Baldwin County | 49 | $34.5M | 7.2% | 62 | -13 |
| 6 | Lee County | 31 | $19.7M | 4.5% | 17 | +14 |
| 7 | Tuscaloosa County | 28 | $9.8M | 4.1% | 14 | +14 |
| 8 | Montgomery County | 23 | $30.8M | 3.4% | 21 | +2 |
| 9 | St. Clair County | 16 | $11.1M | 2.3% | 6 | +10 |
| 10 | Cullman County | 14 | $7.7M | 2.0% | 8 | +6 |
| 11 | DeKalb County | 13 | $11.5M | 1.9% | 9 | +4 |
| 12 | Marshall County | 13 | $7.6M | 1.9% | 12 | +1 |
| 13 | Limestone County | 11 | $5.3M | 1.6% | 8 | +3 |
| 14 | Houston County | 10 | $2.7M | 1.5% | 14 | -4 |
| 15 | Morgan County | 9 | $4.3M | 1.3% | 11 | -2 |
| 16 | Etowah County | 9 | $2.8M | 1.3% | 9 | 0 |
| 17 | Calhoun County | 8 | $5.7M | 1.2% | 10 | -2 |
| 18 | Coffee County | 8 | $8.4M | 1.2% | 5 | +3 |
| 19 | Chilton County | 8 | $6.4M | 1.2% | 4 | +4 |
| 20 | Escambia County | 8 | $2.2M | 1.2% | 3 | +5 |
| 21 | Randolph County | 7 | $7.8M | 1.0% | 2 | +5 |
| 22 | Autauga County | 7 | $3.9M | 1.0% | 7 | 0 |
| 23 | Chambers County | 7 | $3.1M | 1.0% | 4 | +3 |
| 24 | Colbert County | 6 | $3.2M | 0.9% | 1 | +5 |
| 25 | Lauderdale County | 6 | $1.4M | 0.9% | 7 | -1 |
| 26 | Butler County | 6 | $9.3M | 0.9% | 1 | +5 |
| 27 | Elmore County | 5 | $4.2M | 0.7% | 9 | -4 |
| 28 | Conecuh County | 5 | $2.9M | 0.7% | 0 | new |
| 29 | Clarke County | 5 | $5.6M | 0.7% | 3 | +2 |
| 30 | Russell County | 4 | $4.3M | 0.6% | 3 | +1 |
| 31 | Tallapoosa County | 4 | $7.9M | 0.6% | 6 | -2 |
| 32 | Dale County | 3 | $179K | 0.4% | 6 | -3 |
| 33 | Walker County | 3 | $1.5M | 0.4% | 5 | -2 |
| 34 | Talladega County | 3 | $1.1M | 0.4% | 1 | +2 |
| 35 | Covington County | 3 | $553K | 0.4% | 4 | -1 |
| 36 | Clay County | 3 | $6.2M | 0.4% | 2 | +1 |
| 37 | Jackson County | 3 | $429K | 0.4% | 4 | -1 |
| 38 | Bibb County | 3 | $1.5M | 0.4% | 3 | 0 |
| 39 | Macon County | 3 | $1.6M | 0.4% | 2 | +1 |
| 40 | Cherokee County | 2 | — | 0.3% | 1 | +1 |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2025 against FY2024
| Alabama | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 626 | 502 |
| 7(a) dollars | $353M | $295M |
| Median 7(a) approval | $238K | $218K |
| 504 approvals | 59 | 61 |
| 504 dollars | $71.0M | $66.7M |
| Jobs supported, as reported | 7,751 | 6,368 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2025?
Northeast Bank (102), Newtek Bank, National Association (69), The Huntington National Bank (52), Live Oak Banking Company (36), Sabre Finance (33). 105 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2025?
685: 626 under 7(a) worth $353M and 59 under 504 worth $71.0M.
Which Alabama counties had the most SBA approvals in FY2025?
Jefferson County (140), Madison County (72), Mobile County (60), Shelby County (54), Baldwin County (49).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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