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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:
Top SBA lenders in Alabama
| AL Rank | Alabama Bank | Bank HQs | # of Loans | Avg Interest | Avg AL Loan |
|---|---|---|---|---|---|
| 1 | BankFirst Financial Services | Columbus, MS | 22 | 6.5% | $210,577 |
| 2 | Readycap Lending, LLC | Berkeley Heights, NJ | 18 | 7.8% | $176,972 |
| 3 | BancorpSouth Bank | Tupelo, MS | 15 | 6.4% | $300,853 |
| 4 | Wells Fargo | Sioux Falls, SD | 14 | 10.2% | $15,000 |
| 5 | Live Oak | Wilmington, NC | 12 | 6.5% | $1,813,750 |
| 6 | Newtek Small Business Finance | Lake Success, NY | 12 | 7.8% | $305,158 |
| 7 | United Midwest Savings Bank | De Graff, OH | 10 | 6.9% | $508,400 |
| 8 | SouthPoint Bank | Birmingham, AL | 9 | 5.6% | $444,122 |
| 9 | BayFirst National Bank | Saint Petersburg, FL | 8 | 8.3% | $135,663 |
| 10 | Regions Bank | Birmingham, AL | 8 | 6.1% | $618,750 |
| 11 | Renasant Bank | Tupelo, MS | 8 | 7.5% | $531,300 |
| 12 | BankPlus | Belzoni, MS | 7 | 4.8% | $1,313,186 |
SBA loans – Alabama
A note about these Alabama SBA lenders – People frequently ask us if one of the banks above is 1) on the Alabama preferred lender list 2) an approved lender in Alabama, or 3) participating in the Alabama SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Alabama and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Alabama. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.