Alabama SBA Loan Data
17,450 loans totaling $6.7B across all SBA programs.
Total Loans
17,450
1991–2025
Total Volume
$6.7B
Gross approval amount
Avg Loan Size
$385K
Median: $154K
Avg Interest Rate
7.66%
Default rate: 15.1%
Alabama Loan Status
Active15.6%
Paid in Full57.1%
Charged Off12.9%
Cancelled12.9%
Committed0.8%
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Alabama Annual Lending Volume
Number of Loans per Year
Top Industries
Loan Size Distribution
Top Lenders in Alabama
| Lender | Loans | Volume▼ | Avg Size | Avg Rate | Default Rate |
|---|---|---|---|---|---|
| Live Oak Banking Company | 245 | $357.7M | $1.5M | 7.16% | 1.8% |
| PNC Bank, National Association | 1,763 | $290.1M | $165K | 8.05% | 11.4% |
| Wells Fargo Bank National Association | 1,506 | $268.7M | $178K | 8.98% | 13.4% |
| Regions Bank | 758 | $232.2M | $306K | 6.65% | 12.3% |
| Synovus Bank | 458 | $198.6M | $434K | 6.29% | 12.7% |
| Readycap Lending, LLC | 336 | $167.9M | $500K | 10.11% | 28.7% |
| Cadence Bank | 363 | $133.7M | $368K | 7.00% | 13.7% |
| Metro City Bank | 114 | $112.1M | $983K | 5.85% | 1.0% |
| SERVISFIRST BANK | 129 | $112.0M | $868K | N/A | 2.9% |
| First Financial Bank | 165 | $102.4M | $621K | 6.49% | 5.1% |
| Truist Bank | 365 | $101.3M | $278K | 6.34% | 11.4% |
| SouthState Bank, National Association | 129 | $94.3M | $731K | 7.31% | 3.3% |
| United Community Bank | 129 | $89.3M | $693K | 6.60% | 7.6% |
| Ameris Bank | 243 | $81.4M | $335K | 6.01% | 11.2% |
| Valley National Bank | 197 | $81.0M | $411K | 6.20% | 6.3% |
| Newtek Small Business Finance, Inc. | 131 | $80.3M | $613K | 7.23% | 14.3% |
| Renasant Bank | 206 | $79.7M | $387K | 6.96% | 15.4% |
| Hancock Whitney Bank | 137 | $65.0M | $474K | 7.06% | 5.8% |
| ServisFirst Bank | 86 | $64.5M | $750K | 5.99% | 6.5% |
| Peoples Bank of Alabama | 126 | $63.0M | $500K | 6.25% | 7.0% |
| Newtek Bank, National Association | 150 | $58.4M | $389K | 11.53% | 0.0% |
| AmSouth Bank | 301 | $57.6M | $191K | N/A | 13.4% |
| Celtic Bank Corporation | 127 | $55.6M | $438K | 7.47% | 14.7% |
| REGIONS BANK | 83 | $49.6M | $597K | N/A | 1.5% |
| Business Loan Center, LLC | 466 | $49.1M | $105K | N/A | 54.7% |
Top Counties in Alabama
| County | Loans | Volume▼ |
|---|---|---|
| Jefferson → | 3,689 | $1.4B |
| Madison → | 1,783 | $571.0M |
| Mobile → | 1,419 | $471.6M |
| Shelby → | 1,081 | $448.7M |
| Montgomery → | 971 | $419.4M |
| Baldwin → | 960 | $387.7M |
| Lee → | 499 | $227.0M |
| Tuscaloosa → | 523 | $187.7M |
| Houston → | 488 | $175.3M |
| De Kalb → | 288 | $160.9M |
| Morgan → | 481 | $145.5M |
| Calhoun → | 360 | $139.8M |
| Marshall → | 391 | $134.1M |
| Cullman → | 252 | $111.9M |
| Etowah → | 279 | $111.1M |
| Limestone → | 232 | $79.9M |
| Saint Clair → | 182 | $79.6M |
| Pike → | 142 | $78.9M |
| Tallapoosa → | 122 | $71.5M |
| Autauga → | 128 | $69.7M |
| Walker → | 143 | $69.7M |
| Talladega → | 172 | $67.7M |
| Lauderdale → | 227 | $67.3M |
| Russell → | 120 | $58.6M |
| Elmore → | 140 | $53.8M |
Showing 1–25 of 30
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