SBA lending by metro area
SBA lenders in Florence, AL
Which lenders fund Florence-area businesses, how much, and how the market compares with Alabama: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Florence area
Ranked by SBA volume funded to businesses located in the Florence metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Regions Bank | 5 | $5.3M | $1.1M | not reported |
| 2 | Southern Development Council | 5 | $5.0M | $998K | not reported |
| 3 | First Financial Bank | 5 | $3.6M | $717K | not reported |
| 4 | PNC Bank, National Association | 13 | $3.6M | $275K | not reported |
| 5 | Newtek Small Business Finance, Inc. | 7 | $3.3M | $466K | not reported |
| 6 | The Huntington National Bank | 6 | $2.6M | $427K | not reported |
| 7 | Florida Business Development Corporation | 5 | $2.5M | $502K | not reported |
| 8 | Wells Fargo Bank National Association | 5 | $992K | $198K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Florence compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Florence area | $290K ▲ 16.0% | 11.7% ▼ 4.3 pts |
| Alabama | $250K | 16.0% |
| United States | $179K | 11.2% |
What gets funded in Florence
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 18 | $25.4M |
| Manufacturing | 7 | $13.0M |
| Health Care and Social Assistance | 10 | $4.7M |
| Retail Trade | 15 | $3.9M |
| Other Services | 9 | $3.8M |
| Agriculture, Forestry, Fishing | 5 | $3.8M |
| Construction | 10 | $3.2M |
| Arts, Entertainment, Recreation | 5 | $2.9M |
SBA lending in Florence by year
Geography, precisely
"Florence area" here means the Florence-Muscle Shoals, AL metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Colbert County, AL; Lauderdale County, AL. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.