SBA acquisition lenders in Alabama
198 recorded SBA 7(a) acquisition approvals in Alabama, FY2024–FY2026. Median approved loan: $810K. Explore lenders and industry activity.
- Acquisitions financed
- 198
- Total approved
- $255.0M
- Median loan
- $810K
- Middle half of loans
- $396K to $1.7M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Alabama
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 25 | 13% | $985K | $36.8M |
| 2 | The Huntington National Bank | 20 | 10% | $428K | $16.7M |
| 3 | River Bank and Trust | 10 | 5% | $625K | $6.3M |
| 4 | Pinnacle Bank | 9 | 5% | $1.1M | $13.0M |
| 5 | GBank | 8 | 4% | $1.3M | $15.9M |
| 6 | United Midwest Savings Bank National Association | 6 | 3% | $964K | $7.9M |
| 7 | Hancock Whitney Bank | 6 | 3% | $694K | $5.6M |
| 8 | BayFirst National Bank | 6 | 3% | $373K | $2.3M |
| 9 | VelocitySBA, LLC | 5 | 3% | $997K | $6.6M |
| 10 | Millennial Bank | 4 | 2% | $901K | $7.0M |
| 11 | ServisFirst Bank | 4 | 2% | $964K | $4.9M |
| 12 | First Financial Bank | 4 | 2% | $1.1M | $4.3M |
| 13 | Celtic Bank Corporation | 4 | 2% | $708K | $3.3M |
| 14 | Metro City Bank | 3 | 2% | $2.3M | $7.0M |
| 15 | Beacon Bank and Trust | 3 | 2% | $1.0M | $6.6M |
What is being bought in Alabama
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 12 | 6% | $271K | $4.3M |
| 2 | Hotels (except Casino Hotels) and Motels | 11 | 6% | $3.0M | $36.3M |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 9 | 5% | $750K | $8.2M |
| 4 | Limited-Service Restaurants | 8 | 4% | $504K | $8.4M |
| 5 | Broilers and Other Meat Type Chicken Production | 6 | 3% | $1.2M | $7.5M |
| 6 | General Automotive Repair | 6 | 3% | $543K | $3.7M |
| 7 | All Other Specialty Trade Contractors | 5 | 3% | $955K | $9.9M |
| 8 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 5 | 3% | $1.6M | $5.5M |
| 9 | Electrical Contractors and Other Wiring Installation Contractors | 5 | 3% | $449K | $4.9M |
| 10 | Sporting Goods Retailers | 3 | 2% | $2.6M | $7.6M |
| 11 | Other Building Material Dealers | 3 | 2% | $920K | $5.8M |
| 12 | Gasoline Stations with Convenience Stores | 3 | 2% | $2.3M | $5.6M |
| 13 | Funeral Homes and Funeral Services | 3 | 2% | $985K | $5.0M |
| 14 | Insurance Agencies and Brokerages | 3 | 2% | $1.5M | $4.5M |
| 15 | Lessors of Miniwarehouses and Self-Storage Units | 3 | 2% | $765K | $3.5M |
Alabama by industry
- Full-Service Restaurants 12
- Hotels (except Casino Hotels) and Motels 11
- Plumbing, Heating, and Air-Conditioning Contractors 9
- Limited-Service Restaurants 8
- Broilers and Other Meat Type Chicken Production 6
- General Automotive Repair 6
- All Other Specialty Trade Contractors 5
- Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers 5
- Electrical Contractors and Other Wiring Installation Contractors 5