In fiscal years 2021–2026, 184 lenders made 2,487 SBA loans in Alabama, totaling $1.6 billion. The average loan was $652,586, and 40% went to startups or businesses under two years old.
By program: 2,077 7(a) loans, 410 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Alabama
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association Miami, FL | 189 | $370,458 | 19% | 7(a), Express |
| 2 | The Huntington National Bank Columbus, OH | 176 | $543,206 | 55% | 7(a), Express |
| 3 | Northeast Bank Lewiston, ME | 156 | $152,724 | 20% | 7(a) |
| 4 | Wells Fargo Bank National Association Sioux Falls, SD | 121 | $152,308 | 93% | 7(a), Express |
| 5 | Live Oak Banking Company Wilmington, NC | 120 | $1,419,479 | 32% | 7(a), Express |
| 6 | Readycap Lending, LLC Berkeley Heights, NJ | 95 | $340,471 | 18% | 7(a) |
| 7 | BayFirst National Bank Saint Petersburg, FL | 86 | $200,730 | 3% | 7(a) |
| 8 | Sabre Finance Birmingham, AL | 82 | $161,866 | 54% | 7(a) |
| 9 | PNC Bank, National Association Wilmington, DE | 73 | $184,677 | 30% | 7(a), Express |
| 10 | United Midwest Savings Bank National Association De Graff, OH | 73 | $389,237 | 71% | 7(a) |
Lenders that fund the most startups in Alabama
- Wells Fargo Bank National Association — 113 startup loans (93% of its loans)
- The Huntington National Bank — 96 startup loans (55% of its loans)
- United Midwest Savings Bank National Association — 52 startup loans (71% of its loans)
- Sabre Finance — 44 startup loans (54% of its loans)
- Live Oak Banking Company — 38 startup loans (32% of its loans)
SBA loans by industry in Alabama
- Restaurants & Lodging424 loans
- Retail Stores306 loans
- Construction250 loans
- Personal Services & Repair232 loans
- Health Care196 loans
- Professional Services186 loans
- Cleaning, Landscaping & Admin166 loans
- Manufacturing124 loans
- Trucking & Transportation118 loans
- Fitness & Entertainment98 loans
- Agriculture & Fishing95 loans
- Wholesale & Distribution90 loans
- Real Estate & Rental80 loans
- Education & Childcare36 loans
- Media & Technology19 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Alabama?
Based on public SBA data for fiscal years 2021–2026, the most active were Newtek Bank, National Association, The Huntington National Bank, Northeast Bank. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Alabama?
2,487 SBA loans totaling $1.6 billion in fiscal years 2021–2026, with an average of $652,586.
Can I get an SBA loan in Alabama with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
Find your lender
Filter by program and name, or check in 2 minutes whether you might qualify.
Open the lender finder Do I qualify?
Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.