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Alabama · Health Care
SBA loans for health care in Alabama
693 loans worth $387.7M approved since FY2010 for health care and social assistance projects located in Alabama.
Loans
693
Approved
$387.7M
Median loan
$275,000
+10% vs sector nationally
Median rate
7.00%
Jobs supported
8,238
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 health care in Alabama
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Southern Development Council | 73 | $43.6M | |
| Birmingham Citywide Local Development Company | 44 | $40.4M | |
| Live Oak Banking Company | 20 | $34.6M | |
| PNC Bank | 82 | $30.7M | |
| Florida Business Development Corporation | 42 | $21.6M | |
| The Huntington National Bank | 26 | $21.2M | |
| Pinnacle Bank | 14 | $17.9M | |
| Wells Fargo Bank | 46 | $15.7M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for health care in Alabama since FY2010 was $275,000. 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.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in Alabama?
- 693 SBA loans totalling $387,685,700 have been approved for health care and social assistance projects in Alabama since FY2010.
- Which lenders finance health care in Alabama?
- The most active by dollars approved are Southern Development Council, Birmingham Citywide Local Development Company, Live Oak Banking Company, PNC Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for health care in Alabama?
- The median approval is $275,000, 10% above the national median for this sector ($250,000).
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