Since fiscal year 2021, at least 47 lenders made 186 SBA loans to Professional Services businesses in Alabama. These are the most active, based on public SBA data.
Most active SBA lenders for Professional Services in Alabama
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 21 | $543,206 | 55% | 7(a), Express |
| 2 | Newtek Bank, National Association Miami, FL | 15 | $370,458 | 19% | 7(a), Express |
| 3 | BayFirst National Bank Saint Petersburg, FL | 14 | $200,730 | 3% | 7(a) |
| 4 | Northeast Bank Lewiston, ME | 12 | $152,724 | 20% | 7(a) |
| 5 | Readycap Lending, LLC Berkeley Heights, NJ | 12 | $340,471 | 18% | 7(a) |
| 6 | PNC Bank, National Association Wilmington, DE | 9 | $184,677 | 30% | 7(a), Express |
| 7 | Regions Bank Birmingham, AL | 8 | $745,624 | 27% | 7(a), Express |
| 8 | Pinnacle Bank Nashville, TN | 8 | $1,428,420 | 47% | 7(a), Express |
| 9 | BankFirst Financial Services Columbus, MS | 7 | $278,975 | 46% | 7(a), Express |
| 10 | Wells Fargo Bank National Association Sioux Falls, SD | 6 | $152,308 | 93% | 7(a), Express |
Related guide: What Is an SBA Loan and How Does It Work?
Other industries in Alabama
- Restaurants & Lodging424 loans
- Retail Stores306 loans
- Construction250 loans
- Personal Services & Repair232 loans
- Health Care196 loans
- Cleaning, Landscaping & Admin166 loans
- Manufacturing124 loans
- Trucking & Transportation118 loans
Frequently asked questions
Which lenders make the most SBA loans to Professional Services businesses in Alabama?
Based on public SBA data, the most active were The Huntington National Bank, Newtek Bank, National Association, BayFirst National Bank.
How many SBA loans did Professional Services businesses get in Alabama?
186 SBA loans since fiscal year 2021, from at least 47 different lenders.
Which SBA loan fits a Professional Services 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.