Last annual update:
Looking for an Alabama SBA loan for your small business? These SBA lenders lend money to all qualified borrowers. So regardless if you like to say “Roll Tide” or “War Eagle,” these SBA banks have you covered.
Top Alabama SBA Lenders based on SBA loans made in Alabama during the past year (In Mobile? Click here for Mobile SBA loans):
Most active SBA lenders in Alabama
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Wells Fargo | Sioux Falls, SD | 40 | $45,498 | 10.7% |
| 2 | United Midwest Savings Bank | De Graff, OH | 32 | $163,319 | 8.1% |
| 3 | Stearns Bank | Saint Cloud, MN | 14 | $316,400 | 7.9% |
| 4 | Live Oak | Wilmington, NC | 13 | $1,614,692 | 7.1% |
| 5 | First Home Bank | Saint Petersburg, FL | 12 | $314,417 | 7.8% |
| 6 | Regions Bank | Birmingham, AL | 11 | $975,364 | 7.1% |
| 7 | Newtek Small Business Finance | Lake Success, NY | 11 | $555,091 | 8.1% |
| 8 | United Community Bank | Blairsville, GA | 10 | $969,700 | 7.3% |
| 9 | First Financial Bank | El Dorado, AR | 10 | $471,700 | 6.9% |
| 10 | Independence Bank | East Greenwich, RI | 10 | $150,000 | 7.1% |
| 11 | Readycap Lending, LLC | Berkeley Heights, NJ | 6 | $1,544,500 | 7.5% |
| 12 | Synovus Bank | Columbus, GA | 6 | $1,305,933 | 7.2% |
| 13 | Cadence Bank | Atlanta, GA | 6 | $398,917 | 7.7% |
| 14 | Valley National Bank | Passaic, NJ | 5 | $249,800 | 8.0% |
| 15 | BancorpSouth Bank | Tupelo, MS | 4 | $837,975 | 6.0% |
| 16 | The Bancorp Bank | Wilmington, DE | 4 | $252,825 | 7.9% |
| 17 | PNC Bank | Wilmington, DE | 4 | $37,500 | 8.0% |
| 18 | IBERIABANK | Lafayette, LA | 3 | $1,917,333 | 7.3% |
| 19 | Meadows Bank | Las Vegas, NV | 3 | $1,046,767 | 6.5% |
| 20 | Peoples Bank of Alabama | Cullman, AL | 3 | $523,333 | 6.9% |
Top Alabama PPP lenders (for loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | Regions Bank | 6,072 |
| 2 | Kabbage | 3,403 |
| 3 | ServisFirst Bank | 2,243 |
| 4 | River Bank & Trust | 2,076 |
| 5 | BBVA USA | 2,040 |
| 6 | Trustmark National Bank | 2,027 |
| 7 | Synovus Bank | 1,856 |
| 8 | BancorpSouth Bank | 1,600 |
| 9 | Cross River Bank | 1,599 |
| 10 | Wells Fargo Bank | 1,579 |
Top Alabama PPP lenders (for loans >$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | ServisFirst Bank | 1,011 |
| 2 | Regions Bank | 749 |
| 3 | Synovus Bank | 546 |
| 4 | BBVA USA | 308 |
| 5 | Renasant Bank | 275 |
| 6 | Hancock Whitney Bank | 245 |
| 7 | Trustmark National Bank | 244 |
| 8 | First Horizon Bank | 216 |
| 9 | Progress Bank and Trust | 209 |
| 10 | River Bank & Trust | 208 |
Note: AlabamaPPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.