SBA lending by metro area
SBA lenders in Mobile, AL
Which lenders fund Mobile-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 Mobile area
Ranked by SBA volume funded to businesses located in the Mobile 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 | Southern Development Council | 40 | $31.1M | $777K | not reported |
| 2 | Live Oak Banking Company | 21 | $26.3M | $1.3M | 0.00% |
| 3 | PNC Bank, National Association | 146 | $23.8M | $163K | 6.85% |
| 4 | Birmingham Citywide Local Development Company | 24 | $17.7M | $739K | not reported |
| 5 | Hancock Whitney Bank | 41 | $15.5M | $377K | 0.00% |
| 6 | Florida Business Development Corporation | 13 | $14.5M | $1.1M | not reported |
| 7 | Wells Fargo Bank National Association | 95 | $11.9M | $125K | 9.47% |
| 8 | Regions Bank | 15 | $10.8M | $722K | not reported |
| 9 | Readycap Lending, LLC | 12 | $9.5M | $790K | not reported |
| 10 | The Huntington National Bank | 15 | $8.2M | $548K | 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 Mobile compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Mobile area | $154K ▼ 38.5% | 11.9% ▼ 4.1 pts |
| Alabama | $250K | 16.0% |
| United States | $179K | 11.2% |
What gets funded in Mobile
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 118 | $123.8M |
| Retail Trade | 120 | $47.8M |
| Manufacturing | 48 | $26.5M |
| Health Care and Social Assistance | 55 | $21.5M |
| Real Estate | 23 | $19.8M |
| Other Services | 53 | $18.7M |
| Construction | 75 | $16.6M |
| Professional and Technical Services | 59 | $14.4M |
SBA lending in Mobile by year
Geography, precisely
"Mobile area" here means the Mobile, AL metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Mobile 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.