Top SBA Lenders in Alabama for Other Services
3 SBA 7(a) lenders active in Alabama's other services sector.
Lenders
13 loans
Total Volume
Median Rate
State avg: Prime + 2.50%
Default Rate
State avg: 1.8%
Top Other Services Lenders in Alabama
Rate Distribution (Other Services in Alabama)
All Other Services Lenders in Alabama
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 7 | $2.5M | P+2.75% | 4.5% |
| 2 | Cadence Bank | 3 | $855K | P+2.25% | 4.2% |
| 3 | Truliant FCU | 3 | $2.7M | P+2.75% | 0.0% |
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Customize your search →Other Services SBA Lending in Alabama
3 SBA 7(a) lenders are active in Alabama's other services sector, having originated 13 loans totaling $6.1M. The median rate for other services acquisitions in Alabama is Prime + 2.75%, compared to the statewide median of Prime + 2.50%.
The 10-year cumulative default rate for this niche is 4.3%, which is above the state average of 1.8%.
Frequently Asked Questions
How many SBA lenders specialize in other services in Alabama?
3 SBA 7(a) lenders have originated other services acquisition loans in Alabama, with a combined 13 loans.
What rate can I expect for a other services acquisition in Alabama?
The median rate is Prime + 2.75% (Prime + spread). This compares to a statewide median of Prime + 2.50%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for other services SBA loans in Alabama?
The 10-year cumulative default rate is 4.3%, compared to a statewide average of 1.8%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
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.