Top SBA Acquisition Lenders in Alabama
28 active SBA 7(a) lenders in Alabama, ranked by loan volume.
Lenders
in Alabama
Total Volume
Median Rate
Median Loan Size
Top Lenders in Alabama
Top 25 Lenders in Alabama
| # | Lender | Loans | Volume | 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 | The Huntington National Bank | 5 | $5.2M | P+2.25% | 1.8% |
| 6 | Celtic Bank Corporation | 5 | $2.9M | P+2.50% | 1.7% |
| 7 | 22nd State Bank | 4 | $11.9M | P+2.38% | 0.0% |
| 8 | Sabre Finance | 4 | $1.0M | P+0.00% | 0.0% |
| 9 | Commonwealth Business Bank | 3 | $11.8M | P+1.75% | 0.0% |
| 10 | Hancock Whitney Bank | 3 | $4.8M | P+2.50% | 1.0% |
| 11 | Truliant FCU | 3 | $2.7M | P+2.75% | 0.0% |
| 12 | Synovus Bank | 2 | $6.2M | P+1.63% | 2.2% |
| 13 | Pinnacle Bank | 2 | $6.2M | P+2.00% | 2.2% |
| 14 | GBank | 2 | $6.0M | P+1.00% | 0.6% |
| 15 | Bank of Hope | 1 | $5.0M | P+1.25% | 3.0% |
| 16 | First Internet Bank of Indiana | 1 | $3.5M | P+2.75% | 1.9% |
| 17 | Guaranty Bank & Trust Company | 1 | $3.4M | P+0.00% | 0.0% |
| 18 | Climate First Bank | 1 | $3.2M | P+2.50% | 0.0% |
| 19 | Byline Bank | 1 | $2.1M | P+2.75% | 1.8% |
| 20 | Fifth Third Bank | 1 | $1.6M | P+0.25% | 0.5% |
| 21 | ServisFirst Bank | 1 | $1.3M | P+0.00% | 11.1% |
| 22 | Citizens Bank | 1 | $1.1M | P+2.63% | 2.3% |
| 23 | Renasant Bank | 1 | $956K | P+2.50% | 0.9% |
| 24 | Mission Valley Bank | 1 | $598K | P+2.75% | 0.0% |
| 25 | SouthState Bank, National Association | 1 | $415K | P+2.75% | 1.0% |
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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.