SBA Lenders in Alabama
25 active SBA lenders · 1,470 loans approved · $1.4B total volume
All SBA Lenders in Alabama
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Regions Bank | BIRMINGHAM | 811 | $853.6M | $1.1M | ⭐ |
| 22nd State Bank, A Division of 22nd State Banking Company | Mobile | 320 | $372.2M | $1.2M | ⭐ |
| Sabre Finance | Birmingham | 71 | $11.2M | $157K | — |
| ServisFirst Bank | BIRMINGHAM | 40 | $41.6M | $1.0M | — |
| SouthPoint Bank | BIRMINGHAM | 37 | $37.4M | $1.0M | — |
| Millennial Bank | LEEDS | 30 | $37.7M | $1.3M | — |
| Peoples Bank of Alabama | CULLMAN | 29 | $11.8M | $407K | — |
| River Bank & Trust | PRATTVILLE | 23 | $12.9M | $560K | ⭐ |
| Friend Bank | SLOCOMB | 21 | $3.6M | $172K | — |
| Central State Bank | CALERA | 15 | $8.8M | $588K | — |
| MidSouth Bank | DOTHAN | 13 | $3.0M | $228K | — |
| United Bank | Atmore | 12 | $5.1M | $424K | — |
| Oakworth Capital Bank | BIRMINGHAM | 9 | $9.3M | $1.0M | — |
| Citizens Bank & Trust | GUNTERSVILLE | 8 | $9.4M | $1.2M | — |
| Troy Bank & Trust Company | TROY | 4 | $4.5M | $1.1M | — |
| BHM Bank | BIRMINGHAM | 4 | $926K | $231K | — |
| First Citizens Bank | LUVERNE | 4 | $805K | $201K | — |
| NobleBank & Trust | Anniston | 4 | $4.9M | $1.2M | — |
| CommerceOne Bank | Birmingham | 3 | $5.5M | $1.8M | — |
| First Fidelity Bank | FORT PAYNE | 3 | $2.5M | $825K | — |
| Five Star Credit Union | Dothan | 2 | $654K | $327K | — |
| First US Bank | BIRMINGHAM | 2 | $776K | $388K | — |
| Bryant Bank | TUSCALOOSA | 2 | $599K | $299K | — |
| Pinnacle Bank | JASPER | 2 | $2.7M | $1.4M | — |
| Commonwealth National Bank | MOBILE | 1 | $300K | $300K | — |
Finding an SBA Lender in Alabama
There are currently 25 SBA-approved lenders headquartered in Alabama, ranging from national banks to local community lenders. Together they have approved 1,470 SBA 7(a) loans totaling $1.4B since 2020.
Of these, 3 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
Ready to Apply for an SBA Loan in Alabama?
Check if you qualify in minutes — no impact to your credit score.
Check My Eligibility at SmartBiz →SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days
Next Step: Borrower Guides
SBA Lender Questions for Alabama
How many SBA lenders are in Alabama?
There are currently 25 SBA-approved lenders headquartered in Alabama. Together they have approved 1,470 SBA 7(a) loans totaling $1.4B since 2020. Of these, 3 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Alabama?
An SBA Preferred Lender (PLP) in Alabama is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Alabama currently has 3 Preferred Lenders.
How do I choose the best SBA lender in Alabama?
When choosing an SBA lender in Alabama, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 25 Alabama lenders so you can compare objectively.
How long does SBA loan approval take in Alabama?
With an SBA Preferred Lender in Alabama, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.