FY2026 to date1 Oct 2025 – 30 Jun 2026
SBA loans in Alabama, FY2026
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.
So far in FY2026 (1 October 2025 to 30 Jun 2026) SBA approved 318 loans in Alabama: 285 under 7(a) and 33 under 504, worth $237M.
The fiscal year is still open, so these counts will grow with each quarterly release.
Alabama accounted for 0.7% of the 45,283 approvals nationwide that year. 77 lenders had at least one approval in the state; Newtek Bank, National Association had the most, 49.
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 FY2026, of 77 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 7(a) | 49 | $14.5M | 15.4% | 69 | — |
| 2 | Northeast Bank | 7(a) | 19 | $3.7M | 6.0% | 102 | — |
| 3 | The Huntington National Bank | 7(a) | 17 | $20.2M | 5.3% | 52 | — |
| 4 | Southern Development Council | 504 | 16 | $15.0M | 5.0% | 24 | — |
| 5 | Live Oak Banking Company | 7(a) | 14 | $19.7M | 4.4% | 36 | — |
| 6 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 13 | $2.5M | 4.1% | 1 | — |
| 7 | Sabre Finance | 7(a) | 12 | $2.2M | 3.8% | 33 | — |
| 8 | Florida Business Development Corporation | 504 | 10 | $7.7M | 3.1% | 19 | — |
| 9 | Readycap Lending, LLC | 7(a) | 9 | $841K | 2.8% | 23 | — |
| 10 | Birmingham Citywide Local Development Company | 504 | 7 | $6.4M | 2.2% | 10 | — |
| 11 | Pinnacle Bank | 7(a) | 7 | $5.3M | 2.2% | 10 | — |
| 12 | Regions Bank | 7(a) | 7 | $4.8M | 2.2% | 13 | — |
| 13 | United Midwest Savings Bank National Association | 7(a) | 7 | $4.0M | 2.2% | 12 | — |
| 14 | Renasant Bank | 7(a) | 6 | $9.2M | 1.9% | 6 | — |
| 15 | River Bank and Trust | 7(a) | 5 | $4.6M | 1.6% | 4 | — |
| 16 | Celtic Bank Corporation | 7(a) | 5 | $2.0M | 1.6% | 12 | — |
| 17 | The Citizens National Bank of Meridian | 7(a) | 5 | $1.2M | 1.6% | 8 | — |
| 18 | SouthState Bank, National Association | 7(a) | 4 | $3.1M | 1.3% | 5 | — |
| 19 | First Bank of the Lake | 7(a) | 4 | $2.5M | 1.3% | 9 | — |
| 20 | Hancock Whitney Bank | 7(a) | 4 | $1.7M | 1.3% | 5 | — |
| 21 | SouthPoint Bank | 7(a) | 4 | $1.5M | 1.3% | 3 | — |
| 22 | United Community Bank | 7(a) | 3 | $6.4M | 0.9% | 2 | — |
| 23 | Valley National Bank | 7(a) | 3 | $5.3M | 0.9% | 1 | — |
| 24 | The Bancorp Bank National Association | 7(a) | 3 | $3.3M | 0.9% | 1 | — |
| 25 | ServisFirst Bank | 7(a) | 3 | $3.2M | 0.9% | 5 | — |
| 26 | First Financial Bank | 7(a) | 3 | $2.3M | 0.9% | 4 | — |
| 27 | VelocitySBA, LLC | 7(a) | 3 | $2.3M | 0.9% | 2 | — |
| 28 | Stone Bank | 7(a) | 3 | $1.9M | 0.9% | 1 | — |
| 29 | Citizens Bank | 7(a) | 3 | $1.9M | 0.9% | 4 | — |
| 30 | Magnifi Financial CU | 7(a) | 3 | $820K | 0.9% | 1 | — |
| 31 | PNC Bank, National Association | 7(a) | 3 | $105K | 0.9% | 7 | — |
| 32 | U.S. Bank, National Association | 7(a) | 3 | $95K | 0.9% | 7 | — |
| 33 | Peoples Bank | 7(a) | 2 | — | 0.6% | 2 | — |
| 34 | Oakworth Capital Bank | 7(a) | 2 | — | 0.6% | 0 | — |
| 35 | US Metro Bank | 7(a) | 2 | — | 0.6% | 1 | — |
| 36 | Metro City Bank | 7(a) | 2 | — | 0.6% | 4 | — |
| 37 | North State Bank | 7(a) | 2 | — | 0.6% | 0 | — |
| 38 | Community Bank of Mississippi | 7(a) | 2 | — | 0.6% | 5 | — |
| 39 | Merchants & Marine Bank | 7(a) | 2 | — | 0.6% | 2 | — |
| 40 | Fifth Third Bank | 7(a) | 2 | — | 0.6% | 1 | — |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 67 | $55.9M | 21.1% | 140 | — |
| 2 | Madison County | 44 | $27.1M | 13.8% | 72 | — |
| 3 | Shelby County | 29 | $29.2M | 9.1% | 54 | — |
| 4 | Mobile County | 28 | $18.1M | 8.8% | 60 | — |
| 5 | Baldwin County | 22 | $20.0M | 6.9% | 49 | — |
| 6 | Montgomery County | 16 | $8.2M | 5.0% | 23 | — |
| 7 | Lee County | 14 | $8.6M | 4.4% | 31 | — |
| 8 | Calhoun County | 8 | $4.4M | 2.5% | 8 | — |
| 9 | Morgan County | 7 | $7.2M | 2.2% | 9 | — |
| 10 | Houston County | 7 | $4.9M | 2.2% | 10 | — |
| 11 | Autauga County | 7 | $5.5M | 2.2% | 7 | — |
| 12 | Elmore County | 7 | $2.1M | 2.2% | 5 | — |
| 13 | Limestone County | 6 | $4.2M | 1.9% | 11 | — |
| 14 | St. Clair County | 5 | $1.3M | 1.6% | 16 | — |
| 15 | Cullman County | 5 | $2.3M | 1.6% | 14 | — |
| 16 | Dale County | 4 | $1.8M | 1.3% | 3 | — |
| 17 | Lauderdale County | 4 | $6.3M | 1.3% | 6 | — |
| 18 | Tallapoosa County | 3 | $808K | 0.9% | 4 | — |
| 19 | DeKalb County | 3 | $2.6M | 0.9% | 13 | — |
| 20 | Marshall County | 3 | $1.8M | 0.9% | 13 | — |
| 21 | Chilton County | 3 | $3.2M | 0.9% | 8 | — |
| 22 | Chambers County | 3 | $2.8M | 0.9% | 7 | — |
| 23 | Pike County | 2 | — | 0.6% | 1 | — |
| 24 | Etowah County | 2 | — | 0.6% | 9 | — |
| 25 | Jackson County | 2 | — | 0.6% | 3 | — |
| 26 | Butler County | 2 | — | 0.6% | 6 | — |
| 27 | Fayette County | 2 | — | 0.6% | 0 | — |
| 28 | Blount County | 1 | — | 0.3% | 0 | — |
| 29 | Tuscaloosa County | 1 | — | 0.3% | 28 | — |
| 30 | Colbert County | 1 | — | 0.3% | 6 | — |
| 31 | Walker County | 1 | — | 0.3% | 3 | — |
| 32 | Talladega County | 1 | — | 0.3% | 3 | — |
| 33 | Henry County | 1 | — | 0.3% | 0 | — |
| 34 | Coffee County | 1 | — | 0.3% | 8 | — |
| 35 | Sumter County | 1 | — | 0.3% | 0 | — |
| 36 | Escambia County | 1 | — | 0.3% | 8 | — |
| 37 | Barbour County | 1 | — | 0.3% | 0 | — |
| 38 | Clarke County | 1 | — | 0.3% | 5 | — |
| 39 | Macon County | 1 | — | 0.3% | 3 | — |
| 40 | Marengo County | 1 | — | 0.3% | 0 | — |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2026 against FY2025
| Alabama | FY2026 to date | FY2025 |
|---|---|---|
| 7(a) approvals | 285 | 626 |
| 7(a) dollars | $207M | $353M |
| Median 7(a) approval | $290K | $238K |
| 504 approvals | 33 | 59 |
| 504 dollars | $29.1M | $71.0M |
| Jobs supported, as reported | 3,914 | 7,751 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2026?
Newtek Bank, National Association (49), Northeast Bank (19), The Huntington National Bank (17), Southern Development Council (16), Live Oak Banking Company (14). 77 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2026?
318 to 30 Jun 2026: 285 under 7(a) worth $207M and 33 under 504 worth $29.1M.
Which Alabama counties had the most SBA approvals in FY2026?
Jefferson County (67), Madison County (44), Shelby County (29), Mobile County (28), Baldwin County (22).
When does FY2026 start and end?
The federal fiscal year 2026 runs from 1 October 2025 to 30 September 2026. The files used here stop at 30 Jun 2026.
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