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27 active SBA 7(a) lenders in Alabama, ranked by loan volume.
Lenders
in Alabama
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 8 | $12.2M | P+1.50% | 0.8% |
| 2 | BayFirst National Bank | 8 | $3.0M | P+2.75% | 4.5% |
| 3 | Cadence Bank | 7 | $4.1M | P+2.25% | 4.2% |
| 4 | River Bank & Trust | 7 | $3.1M | P+2.50% | 0.0% |
| 5 | Celtic Bank Corporation | 5 | $2.9M | P+2.50% | 1.7% |
| 6 | 22nd State Bank | 4 | $11.9M | P+2.38% | 0.0% |
| 7 | Sabre Finance | 4 | $1.0M | P+0.00% | 0.0% |
| 8 | Truliant FCU | 3 | $2.7M | P+2.75% | 0.0% |
| 9 | Hancock Whitney Bank | 3 | $4.8M | P+2.50% | 1.0% |
| 10 | Commonwealth Business Bank | 3 | $11.8M | P+1.75% | 0.0% |
| 11 | GBank | 2 | $6.0M | P+1.00% | 0.6% |
| 12 | The Huntington National Bank | 2 | $3.2M | P+2.25% | 1.5% |
| 13 | Synovus Bank | 2 | $6.2M | P+1.63% | 2.2% |
| 14 | Mission Valley Bank | 1 | $598K | P+2.75% | 0.0% |
| 15 | Renasant Bank | 1 | $956K | P+2.50% | 0.9% |
| 16 | Climate First Bank | 1 | $3.2M | P+2.50% | 0.0% |
| 17 | PNC Bank, National Association | 1 | $264K | P+0.00% | 0.4% |
| 18 | Trustmark National Bank | 1 | $216K | P+0.00% | 5.1% |
| 19 | ServisFirst Bank | 1 | $1.3M | P+0.00% | 0.0% |
| 20 | Guaranty Bank & Trust Company | 1 | $3.4M | P+0.00% | 0.0% |
| 21 | First Internet Bank of Indiana | 1 | $3.5M | P+2.75% | 1.9% |
| 22 | Byline Bank | 1 | $2.1M | P+2.75% | 1.7% |
| 23 | Citizens Bank | 1 | $1.1M | P+2.63% | 2.3% |
| 24 | SouthState Bank, National Association | 1 | $415K | P+2.75% | 0.4% |
| 25 | Bank of Hope | 1 | $5.0M | P+1.25% | 2.4% |
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Customize your search →Alabama has 27 active SBA 7(a) acquisition lenders that have originated a combined 72 loans totaling $97.0M in volume. The median acquisition loan size in Alabama is $1270K, with a median interest rate of Prime + 2.50% (Prime + spread).
When evaluating SBA lenders in Alabama, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
There are currently 27 active SBA 7(a) lenders in Alabama based on FOIA lending data. These lenders have originated 72 acquisition loans.
The median SBA 7(a) acquisition loan rate in Alabama is Prime + 2.50% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.