SBA lending by state
SBA Lending in Alabama
In Alabama, SBA lenders funded 7,771 7(a) and 504 loans since FY2010, totaling $4.5B, an average of $574K per loan. The most active lender is PNC Bank, National Association, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Alabama
Ranked by SBA loans funded in Alabama since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Alabama loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Alabama shows “not reported,” never 0%.
See the full Alabama ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | PNC Bank, National Association | 906 | $138.1M | $152K | 5.63% |
| 2 | Wells Fargo Bank National Association | 587 | $71.9M | $122K | 9.54% |
| 3 | Southern Development Council | 500 | $349.9M | $700K | not reported |
| 4 | Birmingham Citywide Local Development Company | 345 | $248.6M | $721K | not reported |
| 5 | Florida Business Development Corporation | 279 | $209.3M | $750K | not reported |
| 6 | The Huntington National Bank | 279 | $147.4M | $528K | 1.43% |
| 7 | Live Oak Banking Company | 250 | $366.9M | $1.5M | 1.60% |
| 8 | Regions Bank | 201 | $131.6M | $655K | 1.99% |
| 9 | Northeast Bank | 178 | $31.6M | $178K | 2.81% |
| 10 | Newtek Bank, National Association | 170 | $65.3M | $384K | 0.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Alabama
An SBA 504 project in Alabama pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Alabama, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Southern Development Council | 500 | $349.9M |
| Birmingham Citywide Local Development Company | 345 | $248.6M |
| Florida Business Development Corporation | 278 | $209.2M |
| Florida First Capital Finance Corporation, Inc. | 91 | $85.8M |
| Sabre Finance | 5 | $1.7M |
| Capital Partners Certified Development Company | 4 | $8.2M |
| Georgia Certified Development Corporation | 3 | $4.8M |
| JEDCO Development Corporation | 1 | $4.4M |
| Small Business Access Partners, Inc. | 1 | $1.1M |
| New Orleans Regional Business Development Loan Corporation | 1 | $959K |
Showing the 10 CDCs most active on 504 loans in Alabama; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Alabama
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1,324 | $1.2B |
| Retail Trade | 1,118 | $563.5M |
| Health Care and Social Assistance | 680 | $382.5M |
| Manufacturing | 494 | $365.6M |
| Other Services | 714 | $335.6M |
| Agriculture, Forestry, Fishing | 313 | $316.2M |
| Professional and Technical Services | 644 | $254.4M |
| Construction | 639 | $200.3M |
Top cities for SBA loans in Alabama
Where SBA 7(a) and 504 borrowers in Alabama are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Birmingham | 1,056 | $548.9M |
| Montgomery | 369 | $263.6M |
| Mobile | 551 | $252.5M |
| Huntsville | 506 | $250.3M |
| Madison | 209 | $114.0M |
| Dothan | 194 | $110.7M |
| Tuscaloosa | 193 | $100.9M |
| Auburn | 148 | $97.1M |
SBA lending by metro area in Alabama
Which lenders fund each Alabama market, with local loan sizes and industries.
- SBA lenders in Birmingham, AL 2,447 loans
- SBA lenders in Huntsville, AL 908 loans
- SBA lenders in Montgomery, AL 524 loans
- SBA lenders in Mobile, AL 722 loans
- SBA lenders in Columbus, GA 416 loans
- SBA lenders in Daphne, AL 544 loans
- SBA lenders in Auburn, AL 305 loans
- SBA lenders in LaGrange, GA 193 loans
- SBA lenders in Tuscaloosa, AL 291 loans
- SBA lenders in Dothan, AL 239 loans
- SBA lenders in Fort Payne, AL 140 loans
- SBA lenders in Anniston, AL 128 loans
- SBA lenders in Decatur, AL 179 loans
- SBA lenders in Albertville, AL 129 loans
- SBA lenders in Cullman, AL 111 loans
- SBA lenders in Florence, AL 111 loans
- SBA lenders in Gadsden, AL 112 loans
- SBA lenders in Troy, AL 56 loans
- SBA lenders in Alexander City, AL 62 loans
- SBA lenders in Scottsboro, AL 44 loans
- SBA lenders in Enterprise, AL 48 loans
- SBA lenders in Talladega, AL 54 loans
- SBA lenders in Eufaula, AL 44 loans
- SBA lenders in Ozark, AL 41 loans
SBA lending in Alabama by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 459 | $158.2M |
| 2011 | 531 | $246.8M |
| 2012 | 438 | $218.9M |
| 2013 | 397 | $198.3M |
| 2014 | 455 | $234.1M |
| 2015 | 535 | $249.2M |
| 2016 | 563 | $257.2M |
| 2017 | 515 | $265.8M |
| 2018 | 433 | $243.0M |
| 2019 | 341 | $220.5M |
| 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 |
SBA lending in Alabama: frequently asked questions
How much SBA lending is there in Alabama?
SBA lenders funded 7,771 7(a) and 504 loans totaling $4.5B in Alabama in the public SBA data (as of 2026-03-31), an average of $574K per loan.
Who is the most active SBA lender in Alabama?
PNC Bank, National Association is the most active SBA lender in Alabama in the public data, by loans funded.
What industries get the most SBA loans in Alabama?
The most-funded industry for SBA loans in Alabama is Accommodation and Food Services.
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