SBA lending by district
SBA lending in AL-02
SBA 7(a) and 504 financing in Alabama's 2nd 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
- 1,069
- Total funded
- $703.0M
- Average loan
- $658K
- 7(a) charge-off
- 3.3%
Borrowers in Alabama's 2nd district took 1,069 SBA loans worth $703.0M since FY2010, averaging $658K. Of the 908 7(a) loans, 3.3% have charged off. See the rest of Alabama.
SBA funded volume by fiscal year
Top SBA lenders in AL-02
- 1. Southern Development Council $61.9M
- 2. Live Oak Banking Company $50.1M
- 3. Pinnacle Bank $36.8M
- 4. Hancock Whitney Bank $31.4M
- 5. Florida Business Development Corporation $27.0M
- 6. Metro City Bank $24.4M
- 7. The Huntington National Bank $20.8M
- 8. Newtek Small Business Finance, Inc. $19.6M
- 9. Regions Bank $17.6M
- 10. SouthState Bank, National Association $14.7M
Method. SBA 7(a) and 504 loans the SBA recorded in AL-02,
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.