Alabama · Education
SBA loans for education in Alabama
97 loans worth $36.6M approved since FY2010 for educational services projects located in Alabama.
Loans
97
Approved
$36.6M
Median loan
$181,000
+21% vs sector nationally
Median rate
8.00%
Jobs supported
1,111
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 education in Alabama
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Pinnacle Bank | 3 | $6.0M | |
| Birmingham Citywide Local Development Company | 6 | $3.8M | |
| Southern Development Council | 4 | $3.2M | |
| The Huntington National Bank | 5 | $3.0M | |
| Valley National Bank | 2 | $2.2M | |
| SouthPoint Bank | 2 | $1.6M | |
| United Community Bank | 2 | $1.4M | |
| Wells Fargo Bank | 9 | $1.4M |
Detail
Which industries inside the sector
All SBA lending in Alabama
7,881 loans across every sector.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in Alabama?
- 97 SBA loans totalling $36,614,200 have been approved for educational services projects in Alabama since FY2010.
- Which lenders finance education in Alabama?
- The most active by dollars approved are Pinnacle Bank, Birmingham Citywide Local Development Company, Southern Development Council, The Huntington National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in Alabama?
- The median approval is $181,000, 21% above the national median for this sector ($150,000).
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