SBA data · Alabama
SBA lending in Alabama
7,881 loans worth $4.55B have been approved for Alabama projects since FY2010 - the #29 state by SBA dollars, 0.9% of the national total.
State rank
#29
by dollars approved
Approved
$4.55B
FY2010 onward
Loans
7,881
Median loan
$250,000
+39% vs national
Median 7(a) rate
7.33%
Jobs supported
90,352
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Alabama
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in AL | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | $369.2M | 252 | $1,465,200 | |
| 2 | Southern Development Council | $356.6M | 504 | $707,512 | |
| 3 | Birmingham Citywide Local Development Company | $255.4M | 352 | $725,557 | |
| 4 | Florida Business Development Corporation | $217.7M | 283 | $769,208 | |
| 5 | Pinnacle Bank | $157.5M | 154 | $1,022,874 | |
| 6 | The Huntington National Bank | $153.0M | 282 | $542,479 | |
| 7 | PNC Bank | $138.7M | 908 | $152,716 | |
| 8 | Regions Bank | $132.7M | 203 | $653,573 | |
| 9 | Metro City Bank | $112.2M | 108 | $1,039,154 | |
| 10 | United Community Bank | $92.5M | 124 | $745,854 | |
| 11 | First Financial Bank | $88.8M | 148 | $600,189 | |
| 12 | SouthState Bank | $88.7M | 95 | $933,481 |
By sector in Alabama
- Restaurants & Hotels1,347 · $1.19B
- Retail782 · $431.7M
- Health Care693 · $387.7M
- Other Services720 · $335.2M
- Agriculture317 · $320.8M
- Professional Services652 · $256.5M
- Construction646 · $201.8M
- Arts & Recreation301 · $200.2M
- Wholesale273 · $161.2M
- Real Estate207 · $154.0M
- Administrative & Waste404 · $123.4M
- Finance & Insurance156 · $75.7M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Alabama. The final bar is a partial fiscal year.
Loan sizes in Alabama
- Under $50K18%
- $50K - $150K17%
- $150K - $350K23%
- $350K - $1M25%
- $1M - $2M10%
- Over $2M7%
SBA lending in Alabama: common questions
- How many SBA loans are approved in Alabama?
- 7,881 SBA 7(a) and 504 loans totalling $4,547,157,400 have been approved for projects in Alabama since fiscal year 2010, ranking it #29 among states and territories by dollars approved - 0.9% of all SBA lending nationally.
- Which lenders make the most SBA loans in Alabama?
- By dollars approved in Alabama, the most active lenders are Live Oak Banking Company, Southern Development Council, Birmingham Citywide Local Development Company, Florida Business Development Corporation, Pinnacle Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Alabama?
- The median gross approval in Alabama is $250,000, 39% above the national median of $180,000. Half of all loans in the state fall between $20,000 and $1,571,000.
- Do I need to use a lender based in Alabama?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Alabama, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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