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.
Loans, last 5 years
1,665
Lent
$1072.2M
last 5 fiscal years
Active lenders
163
wrote at least one loan
Typical loan
$260k
median approved
Default rate
2.4%
nationally 2.1%
Who lends here most
last 5 fiscal years| Lender | Loans in AL | Typical loan | Typical 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.
Next
Compare all lenders → Check your eligibility → Find your industry →
Source SBA 7(a) FOIA
Released 2026-06-30
Basis where the project is, not where the bank is
SBA lending in other states
New Hampshire · 1,867Kentucky · 1,851Louisiana · 1,807Kansas · 1,695Iowa · 1,469Maine · 1,304Mississippi · 1,279Nebraska · 1,266
States with comparable volume, plus the three largest markets.