Last annual update:
A few Alabama-based banks were among the largest lenders to “Yellowhammer State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations.
Top SBA Lenders in Alabama for small business loans (In Mobile? Click here for Mobile small business SBA banks):
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Wells Fargo | Sioux Falls, SD | 51 | $19,576 | 10.4% |
| 2 | Compass Bank | Birmingham, AL | 39 | $329,695 | 8.5% |
| 3 | Independence Bank | East Greenwich, RI | 25 | $129,000 | 6.4% |
| 4 | United Midwest Savings Bank | De Graff, OH | 14 | $125,714 | 7.6% |
| 5 | First Home Bank | Seminole, FL | 13 | $208,462 | 6.9% |
| 6 | Valley National Bank | Passaic, NJ | 13 | $870,038 | 6.7% |
| 7 | BancorpSouth Bank | Tupelo, MS | 11 | $740,982 | 5.8% |
| 8 | Synovus Bank | Columbus, GA | 10 | $537,450 | 5.8% |
| 9 | Celtic Bank | Salt Lake City, UT | 9 | $857,033 | 7.3% |
| 10 | Newtek Small Business | Lake Success, NY | 8 | $504,913 | 7.8% |
| 11 | Regions Bank | Birmingham, AL | 8 | $1,072,925 | 6.4% |
| 12 | Stearns Bank | Saint Cloud, MN | 8 | $262,125 | 7.8% |
| 13 | State Bank & Trust Company | Greenwood, MS | 7 | $75,886 | 6.0% |
| 14 | United Community Bank | Blairsville, GA | 7 | $438,000 | 7.3% |
| 15 | BB&T | Winston Salem, NC | 6 | $204,150 | 5.8% |
