Since fiscal year 2021, at least 21 lenders made 36 SBA loans to Education & Childcare businesses in Alabama. These are the most active, based on public SBA data.
Most active SBA lenders for Education & Childcare in Alabama
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 4 | $543,206 | 55% | 7(a), Express |
| 2 | Northeast Bank Lewiston, ME | 4 | $152,724 | 20% | 7(a) |
| 3 | Newtek Bank, National Association Miami, FL | 3 | $370,458 | 19% | 7(a), Express |
| 4 | Sabre Finance Birmingham, AL | 3 | $161,866 | 54% | 7(a) |
| 5 | Community Bank of Mississippi Flowood, MS | 2 | $679,427 | 57% | 7(a), Express |
| 6 | Wells Fargo Bank National Association Sioux Falls, SD | 2 | $152,308 | 93% | 7(a), Express |
| 7 | PNC Bank, National Association Wilmington, DE | 2 | $184,677 | 30% | 7(a), Express |
| 8 | Celtic Bank Corporation Salt Lake City, UT | 2 | $580,549 | 13% | 7(a) |
| 9 | Readycap Lending, LLC Berkeley Heights, NJ | 2 | $340,471 | 18% | 7(a) |
| 10 | The Bancorp Bank National Association Sioux Falls, SD | 1 | $1,080,113 | 50% | 7(a) |
Related guide: Loans for Daycares and Childcare Centers
Other industries 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
Frequently asked questions
Which lenders make the most SBA loans to Education & Childcare businesses in Alabama?
Based on public SBA data, the most active were The Huntington National Bank, Northeast Bank, Newtek Bank, National Association.
How many SBA loans did Education & Childcare businesses get in Alabama?
36 SBA loans since fiscal year 2021, from at least 21 different lenders.
Which SBA loan fits a Education & Childcare business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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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.