SBA lending by district
SBA lending in AL-01
SBA 7(a) and 504 financing in Alabama's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 1,365
- Total funded
- $673.5M
- Average loan
- $493K
- 7(a) charge-off
- 4.6%
Borrowers in Alabama's 1st district took 1,365 SBA loans worth $673.5M since FY2010, averaging $493K. Of the 1,185 7(a) loans, 4.6% have charged off. See the rest of Alabama.
SBA funded volume by fiscal year
Top SBA lenders in AL-01
- 1. Live Oak Banking Company $59.8M
- 2. Southern Development Council $58.6M
- 3. PNC Bank, National Association $44.9M
- 4. Birmingham Citywide Local Development Company $37.0M
- 5. Florida Business Development Corporation $26.6M
- 6. Regions Bank $22.7M
- 7. SouthState Bank, National Association $19.5M
- 8. Hancock Whitney Bank $19.1M
- 9. Readycap Lending, LLC $17.0M
- 10. Wells Fargo Bank National Association $16.8M
Method. SBA 7(a) and 504 loans the SBA recorded in AL-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.