Geography · SBA lending record
SBA lenders in Alabama
1,665 SBA 7(a) loans in the last five years, from 163 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in AL | Typical loan | Median rate |
|---|---|---|---|
| The Huntington National Bank | 120 | $350k | P+2.45 |
| Newtek Bank, National Association | 99 | $158k | P+3.71 |
| Live Oak Banking Company | 86 | $968k | P+1.64 |
| BayFirst National Bank | 75 | $150k | P+4.15 |
| Readycap Lending, LLC | 74 | $105k | P+3.94 |
| Sabre Finance | 73 | $128k | P+2.62 |
| Wells Fargo Bank National Association | 72 | $15k | P+5.48 |
| Northeast Bank | 64 | $55k | P+3.17 |
| BankFirst Financial Services | 59 | $145k | P+2.08 |
| United Midwest Savings Bank National Association | 49 | $150k | P+2.63 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
SBA 504 lending in Alabama
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Alabama, and how they have performed.
CDCs most active in Alabama
- Southern Development Council — 504 loans
- Birmingham Citywide Local Development Company — 352 loans
- Florida Business Development Corporation — 282 loans
- Florida First Capital Finance Corporation, Inc. — 91 loans
- Capital Partners Certified Development Company — 4 loans
- Georgia Certified Development Corporation — 3 loans
Most-financed here: Full-Service Restaurants, Offices of Physicians, Hotels (except Casino Hotels) and Mote…, Offices of Lawyers.
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SBA lending in other states
States with comparable volume, plus the three largest markets.