Alabama · Finance & Insurance
SBA loans for finance & insurance in Alabama
156 loans worth $75.7M approved since FY2010 for finance and insurance projects located in Alabama.
Loans
156
Approved
$75.7M
Median loan
$227,500
+14% vs sector nationally
Median rate
7.35%
Jobs supported
747
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 finance & insurance in Alabama
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 20 | $19.4M | |
| United Midwest Savings Bank | 9 | $9.5M | |
| Pinnacle Bank | 10 | $8.5M | |
| ServisFirst Bank | 4 | $7.2M | |
| Wells Fargo Bank | 5 | $2.9M | |
| Pathward | 2 | $2.7M | |
| Valley National Bank | 3 | $2.6M | |
| Byline Bank | 4 | $2.0M |
Detail
Which industries inside the sector
All SBA lending in Alabama
7,881 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Alabama?
- 156 SBA loans totalling $75,676,100 have been approved for finance and insurance projects in Alabama since FY2010.
- Which lenders finance finance & insurance in Alabama?
- The most active by dollars approved are Live Oak Banking Company, United Midwest Savings Bank, Pinnacle Bank, ServisFirst Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in Alabama?
- The median approval is $227,500, 14% above the national median for this sector ($200,000).
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