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Alabama · Construction
SBA loans for construction in Alabama
646 loans worth $201.8M approved since FY2010 for construction projects located in Alabama.
Loans
646
Approved
$201.8M
Median loan
$149,700
+50% vs sector nationally
Median rate
8.25%
Jobs supported
5,565
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.
Lenders
Who lends to construction in Alabama
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Newtek Small Business Finance, Inc. | 14 | $12.9M | |
| Southern Development Council | 25 | $12.1M | |
| ServisFirst Bank | 15 | $11.9M | |
| Birmingham Citywide Local Development Company | 17 | $10.6M | |
| Newtek Bank | 24 | $9.3M | |
| The Huntington National Bank | 23 | $8.1M | |
| Truist Bank | 8 | $7.9M | |
| Northeast Bank | 39 | $7.8M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in Alabama since FY2010 was $149,700. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Alabama
7,881 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Alabama?
- 646 SBA loans totalling $201,849,500 have been approved for construction projects in Alabama since FY2010.
- Which lenders finance construction in Alabama?
- The most active by dollars approved are Newtek Small Business Finance, Inc., Southern Development Council, ServisFirst Bank, Birmingham Citywide Local Development Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Alabama?
- The median approval is $149,700, 50% above the national median for this sector ($100,000).
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