SBA lending by state
SBA Lending in Alabama
In Alabama, SBA lenders funded 3,904 7(a) and 504 loans totaling $2.7B, an average of $681K per loan. The most active lender is Southern Development Council, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
3,904
Total volume
$2.7B
Average loan size
$681K
Most active SBA lenders in Alabama
| Lender | Loans | Total volume |
|---|---|---|
| Southern Development Council | 500 | $349.9M |
| Birmingham Citywide Local Development Company | 345 | $248.6M |
| Florida Business Development Corporation | 279 | $209.3M |
| Live Oak Banking Company | 128 | $177.1M |
| The Huntington National Bank | 195 | $98.9M |
| Pinnacle Bank | 72 | $93.3M |
| Florida First Capital Finance Corporation, Inc. | 94 | $86.1M |
| Newtek Bank, National Association | 170 | $65.3M |
Top industries funded in Alabama
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 700 | $687.5M |
| Retail Trade | 517 | $339.1M |
| Health Care and Social Assistance | 380 | $232.5M |
| Other Services | 377 | $210.1M |
| Manufacturing | 249 | $208.6M |
| Professional and Technical Services | 286 | $146.0M |
| Construction | 307 | $135.2M |
| Arts, Entertainment, Recreation | 163 | $120.1M |
SBA lending in Alabama by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 111 | $51.2M |
| 2011 | 129 | $68.0M |
| 2012 | 135 | $96.2M |
| 2013 | 95 | $54.7M |
| 2014 | 58 | $32.1M |
| 2015 | 61 | $35.5M |
| 2016 | 58 | $32.7M |
| 2017 | 59 | $51.2M |
| 2018 | 43 | $37.2M |
| 2019 | 51 | $27.0M |
| 2020 | 344 | $243.3M |
| 2021 | 461 | $391.6M |
| 2022 | 378 | $256.2M |
| 2023 | 464 | $339.5M |
| 2024 | 563 | $361.2M |
| 2025 | 688 | $426.1M |
| 2026 | 206 | $153.5M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan 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.