SBA 7(a) loans in Alabama
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
1,245loans approved
$253,700median loan
$105K–$703Kmiddle half of loans
$810.7Mtotal approved
10%median initial rate
10 yrsmedian term
The median Alabama loan is 45% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Limited-Service Restaurants (722513) | 69 | $460,000 |
| Full-Service Restaurants (722511) | 68 | $236,200 |
| Hotels (except Casino Hotels) and Motels (721110) | 38 | $2,492,200 |
| Insurance Agencies and Brokerages (524210) | 32 | $168,100 |
| Fitness and Recreational Sports Centers (713940) | 30 | $270,800 |
| Broilers and Other Meat Type Chicken Production (112320) | 28 | $1,091,500 |
| All Other Amusement and Recreation Industries (713990) | 24 | $558,100 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 22 | $269,500 |
| Landscaping Services (561730) | 22 | $127,100 |
| Snack and Nonalcoholic Beverage Bars (722515) | 22 | $252,950 |
Most active lenders in Alabama
| Lender | Loans | Median | Total |
|---|---|---|---|
| Newtek Bank, National Association | 112 | $154,000 | $32.4M |
| The Huntington National Bank | 98 | $298,050 | $57.9M |
| Live Oak Banking Company | 72 | $772,500 | $104.5M |
| Sabre Finance | 68 | $146,850 | $11.3M |
| Northeast Bank | 66 | $67,400 | $8.2M |
| Readycap Lending, LLC | 50 | $109,000 | $13.6M |
| Bayfirst National Bank | 48 | $150,000 | $7.3M |
| Wells Fargo Bank National Association | 42 | $15,000 | $6.2M |
| United Midwest Savings Bank National Association | 34 | $150,000 | $17.1M |
| Celtic Bank Corporation | 29 | $150,000 | $8.6M |
SBA 504 loans in Alabama
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
163504 loans approved
$754,000median CDC portion
$181.0Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Alabama
| Lender | Loans | Median | Total |
|---|---|---|---|
| Southern Development Council | 60 | $756,000 | $73.4M |
| Florida Business Development Corporation | 51 | $597,000 | $53.7M |
| Birmingham Citywide Local Development Company | 24 | $963,000 | $29.7M |
| Florida First Capital Finance Corporation, INC. | 23 | $830,000 | $22.6M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.