SBA Loans for Retail Stores in Alabama
Since fiscal year 2021, at least 53 lenders made 306 SBA loans to Retail Stores businesses in Alabama. These are the most active, based on public SBA data.
Most active SBA lenders for Retail Stores in Alabama
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Northeast Bank Lewiston, ME | 26 | $152,724 | 20% | 7(a) |
| 2 | Wells Fargo Bank National Association Sioux Falls, SD | 18 | $152,308 | 93% | 7(a), Express |
| 3 | The Huntington National Bank Columbus, OH | 15 | $543,206 | 55% | 7(a), Express |
| 4 | BankFirst Financial Services Columbus, MS | 14 | $278,975 | 46% | 7(a), Express |
| 5 | Newtek Bank, National Association Miami, FL | 14 | $370,458 | 19% | 7(a), Express |
| 6 | Live Oak Banking Company Wilmington, NC | 13 | $1,419,479 | 32% | 7(a), Express |
| 7 | United Midwest Savings Bank National Association De Graff, OH | 12 | $389,237 | 71% | 7(a) |
| 8 | Newtek Small Business Finance, Inc. Lake Success, NY | 11 | $694,627 | 29% | 7(a), Express |
| 9 | BayFirst National Bank Saint Petersburg, FL | 11 | $200,730 | 3% | 7(a) |
| 10 | SouthState Bank, National Association Winter Haven, FL | 10 | $765,940 | 38% | 7(a), Express |
Related guide: How to Finance a Bodega or Mini Market
Other industries in Alabama
- Restaurants & Lodging424 loans
- Construction250 loans
- Personal Services & Repair232 loans
- Health Care196 loans
- Professional Services186 loans
- Cleaning, Landscaping & Admin166 loans
- Manufacturing124 loans
- Trucking & Transportation118 loans
Frequently asked questions
Which lenders make the most SBA loans to Retail Stores businesses in Alabama?
Based on public SBA data, the most active were Northeast Bank, Wells Fargo Bank National Association, The Huntington National Bank.
How many SBA loans did Retail Stores businesses get in Alabama?
306 SBA loans since fiscal year 2021, from at least 53 different lenders.
Which SBA loan fits a Retail Stores 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.