Best SBA lenders
Best SBA lenders in Alabama
The SBA lenders that fund the most businesses in Alabama, ranked by funded volume with each lender's charge-off track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Southern Development Council funds the most SBA volume in Alabama. Charge-off rates below are each lender's overall rate across all of its loans, as a track-record signal.
| # | Lender | Volume in Alabama | Charge-off |
|---|---|---|---|
| 1 | Southern Development Council | $349.9M | 0.0% |
| 2 | Birmingham Citywide Local Development Company | $248.6M | 0.0% |
| 3 | Florida Business Development Corporation | $209.3M | 0.0% |
| 4 | Live Oak Banking Company | $177.1M | 0.3% |
| 5 | The Huntington National Bank | $98.9M | 1.3% |
| 6 | Pinnacle Bank | $93.3M | 1.1% |
| 7 | Florida First Capital Finance Corporation, Inc. | $86.1M | 0.0% |
| 8 | Newtek Bank, National Association | $65.3M | 0.0% |
Find the best fit for your business
Volume in Alabama is a starting point. Narrow it to lenders active in your specific industry and loan size with Lender Match, or see the full Alabama SBA lending data.
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Method and disclaimer. Ranked by funded SBA volume in
Alabama from the public FOIA 7(a) and 504 data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.