SBA Lenders in Alabama
Top lenders ranked by real SBA lending data. See who's most active in Alabama across deal count, loan size, and pricing.
What Borrowers Should Know
Alabama's median 7(a) spread of P+2.27% is 48 basis points below the national median of P+2.75%, meaning borrowers here pay meaningfully less in interest costs. With 1,784 total deals and 101 active lenders, the competitive lending environment appears to be driving lower pricing—a direct advantage for your borrowing costs.
Birmingham Citywide Local Development Finance Corporation dominates with 340 deals—nearly 19% of all Alabama SBA lending. This concentration means one lender has built deep expertise in the state's business environment, but also that your options may feel limited if that lender declines you. The next four lenders (Regions, Newtek, Metro City, Huntington) combined hold only 536 deals, so relationship diversity matters here.
Alabama's average deal size of $722,835 sits comfortably in the sweet spot for 7(a) loans (typically $50K–$5M), suggesting lenders here regularly process mid-market deals. If your loan need is in the $500K–$1M range, you'll be borrowing an amount lenders process frequently, which typically means faster underwriting and less negotiation friction.
Total SBA Loans
1,969
Active Lenders
89
Avg Deal Size
$730K
Total Volume
$1.4B
Top 10 Lenders in Alabama
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | PNC Bank, National Association | Bank | 289 | $79K | P + 3.31%ABOVE AVG | |
| 2 | Wells Fargo Bank National Association | Bank | 197 | $93K | P + 3.13%ABOVE AVG | |
| 3 | Southern Development Council | CDC/504 | 88 | $600K | — | |
| 4 | Northeast Bank | Bank | 75 | $181K | P + 2.75%AVERAGE | |
| 5 | Birmingham Citywide Local Deve | CDC/504 | 66 | $528K | — | |
| 6 | Florida Business Development C | CDC/504 | 52 | $598K | — | |
| 7 | United Midwest Savings Bank National Association | Bank | 46 | $287K | P + 2.75%AVERAGE | |
| 8 | Cadence Bank | Bank | 45 | $367K | P + 2.50%AVERAGE | |
| 9 | Regions Bank | Bank | 44 | $608K | P + 2.00%GOOD | |
| 10 | BayFirst National Bank | Bank | 43 | $169K | P + 3.25%ABOVE AVG |
Top Industries in Alabama
SBA lending activity by industry segment.