Top SBA Acquisition Lenders in Alabama
28 active SBA 7(a) lenders in Alabama, ranked by acquisition loan count.
Lenders
in Alabama
Total Volume
Median Rate
Median Loan Size
Top Lenders in Alabama
Lending by Industry in Alabama
Covers the 48 of 77 Alabama loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Alabama
| # | 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 | River Bank & Trust | 7 | $3.1M | P+2.50% | 0.0% |
| 4 | Cadence Bank | 7 | $4.1M | P+2.25% | 4.2% |
| 5 | Celtic Bank Corporation | 5 | $2.9M | P+2.50% | 1.7% |
| 6 | The Huntington National Bank | 5 | $5.2M | P+2.25% | 1.8% |
| 7 | 22nd State Bank | 4 | $11.9M | P+2.38% | 0.0% |
| 8 | Sabre Finance | 4 | $1.0M | P+0.00% | 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 | Truliant FCU | 3 | $2.7M | P+2.75% | 0.0% |
| 12 | Synovus Bank | 2 | $6.2M | P+1.63% | 2.2% |
| 13 | GBank | 2 | $6.0M | P+1.00% | 0.6% |
| 14 | Pinnacle Bank | 2 | $6.2M | P+2.00% | 2.2% |
| 15 | PNC Bank, National Association | 1 | $264K | P+0.00% | 0.4% |
| 16 | Guaranty Bank & Trust Company | 1 | $3.4M | P+0.00% | 0.0% |
| 17 | Bank Five Nine | 1 | $350K | P+1.88% | 0.0% |
| 18 | Citizens Bank | 1 | $1.1M | P+2.63% | 2.3% |
| 19 | Trustmark National Bank | 1 | $216K | P+0.00% | 7.5% |
| 20 | ServisFirst Bank | 1 | $1.3M | P+0.00% | 11.1% |
| 21 | Byline Bank | 1 | $2.1M | P+2.75% | 1.8% |
| 22 | First Internet Bank of Indiana | 1 | $3.5M | P+2.75% | 1.9% |
| 23 | Climate First Bank | 1 | $3.2M | P+2.50% | 0.0% |
| 24 | Bank of Hope | 1 | $5.0M | P+1.25% | 3.0% |
| 25 | Mission Valley Bank | 1 | $598K | P+2.75% | 0.0% |
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Customize your search →SBA 7(a) Lending in Alabama
Alabama has 28 active SBA 7(a) acquisition lenders that have originated a combined 77 loans totaling $105.3M in volume. The median acquisition loan size in Alabama is $1268K, 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.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Alabama?
There are currently 28 active SBA 7(a) lenders in Alabama based on FOIA lending data. These lenders have originated 77 acquisition loans.
What is the typical SBA loan rate in Alabama?
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.
What is a PLP lender?
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.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.