Small business loans in Birmingham, AL
Short answer
The most active SBA lenders in Birmingham, AL since FY2024 are The Huntington National Bank (25 loans) and Sabre Finance (18). The median loan was $264,000, and half fell between $112,000 and $524,000. For free help, see the Alabama Small Business Development Center Network. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 145
- approved since FY2024
- $89.27M
- median loan
- $264,000
- through SBA Express
- 16.6%
Lenders making SBA loans in Birmingham
No lender made more than 17% of the loans in Birmingham, and The Huntington National Bank made the most. The five largest lenders together made 45%.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 25 | 17.2% |
| Sabre FinanceNon-bank lender | 18 | 12.4% |
| Newtek Bank | 10 | 6.9% |
| BayFirst National Bank | 6 | 4.1% |
| United Midwest Savings Bank | 6 | 4.1% |
Share is the percent of all Birmingham loans in that period. Each name links to that lender's page for Alabama where one exists.
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Local help near Birmingham
Birmingham borrowers can start with SBA's district office for Alabama, an SBDC or SCORE.
49% of Birmingham borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for Alabama. Its page points to state and federal resources and to lenders in the area. The Alabama Small Business Development Center Network gives free counseling across Alabama.
- SBA Alabama District Office (Birmingham)SBA district office
- Alabama Small Business Development Center Network (University of Alabama)Small Business Development Center
- SCORE mentors in AlabamaBusiness mentoring
Alongside SBA loans, Alabama runs a loan program. The Alabama page describes it, and the official page is linked here.
Loan counts and sizes in Birmingham
Birmingham ranks 1st by loans since FY2024 among the 4 Alabama cities with 100 or more SBA loans since FY2020. Nationally it is the 121st busiest of the 580 cities that reach 100 loans.
The 145 loans, 12.6% of the 1,154 in Alabama, were approved for $89.3 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $264,000, 76% above the national median of $150,300. Half of the loans fell between $112,000 and $524,000. The Birmingham median is 6% above the Alabama median of $250,000.
| Measure | Birmingham | Alabama | U.S. |
|---|---|---|---|
| Loans | 145 | 1,154 | 162,355 |
| Median loan | $264,000 | $250,000 | $150,300 |
| 25th percentile | $112,000 | $102,900 | $50,000 |
| 75th percentile | $524,000 | $648,425 | $500,000 |
| Via SBA Express | 16.6% | 14.0% | 35.8% |
| Lines of credit | 14.5% | 11.7% | 28.1% |
| Startups | 35.9% | 23.8% | 16.1% |
| Ownership changes | 14.5% | 13.0% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 4.7% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
74% of the loans were $500,000 or less, the size SBA Express covers. 16.6% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 14.5% of loans, below the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 36.6% of loans went to businesses more than two years old and 13.1% to businesses two years old or younger. Startups received 35.9% and changes of ownership 14.5%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 40% from FY2024 (48 loans) to FY2025 (67), the two latest full years. The busiest full year in the file was FY2025, with 67 loans. FY2026 already shows 30 loans through June 30.
Of the 89 loans Birmingham borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 1,867 jobs supported across the 145 loans since FY2024, about 12.9 per loan. SBA does not audit these estimates.
What businesses in Birmingham borrow for
Full-Service Restaurants was the largest borrower group in Birmingham, with 15 loans or 10.3% of the total.
The five largest industries made up 29% of all Birmingham loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 15 | 10.3% | 4.6% |
| Limited-Service Restaurants | 9 | 6.2% | 3.3% |
| Administrative Management and General Management Consulting Services | 6 | 4.1% | 0.9% |
| All Other Amusement and Recreation Industries | 6 | 4.1% | 0.9% |
| Hotels (except Casino Hotels) and Motels | 6 | 4.1% | 1.1% |
Share is the percent of all Birmingham loans in that period. Industry is the NAICS code on each loan. A name links to the Alabama page for that industry where one exists.
A typical loan payment in Birmingham
The median Birmingham loan was $264,000 with a median term of 10 years.
The median variable-rate loan in Birmingham was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $264,000 over 10 years, principal and interest would come to about $3,452 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $112,000 | $1,465 |
| Median loan | $264,000 | $3,452 |
| 75th percentile loan | $524,000 | $6,852 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $264,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Birmingham loans approved since FY2024 had a median starting rate of 10.25% at approval, matching the national median. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $250,000 loan and SBA Express payment calculator.
SBA 504 loans near Birmingham
Birmingham has 23 SBA 504 loans since FY2024, with $21.7 million in SBA and CDC dollars.
The median 504 loan in Birmingham was $596,000 in SBA and CDC dollars, 12% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Southern Development Council is the Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2020, with 22. Birmingham Citywide Local Development Company follows with 20. The four CDCs listed are named on 60 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Southern Development Council | 22 |
| Birmingham Citywide Local Development Company | 20 |
| Florida Business Development Corporation | 13 |
| Florida First Capital Finance Corporation, Inc. | 5 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Alabama cities near Birmingham
Birmingham made up 12.6% of Alabama's SBA loans since FY2024.
Birmingham is one of 4 Alabama cities with 100 or more SBA loans since FY2020. The Alabama page covers all 1,154 loans in Alabama. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Birmingham
Which lenders make the most SBA loans in Birmingham?
The Huntington National Bank leads with 25 loans in Birmingham since FY2024. Sabre Finance (18) and Newtek Bank (10) follow. Only lenders with five or more Birmingham loans are counted.
Which industries get SBA loans in Birmingham?
Full-Service Restaurants leads with 15 loans in Birmingham since FY2024. Limited-Service Restaurants (9) and Administrative Management and General Management Consulting Services (6) follow.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Alabama District Office (Birmingham)
- Alabama Small Business Development Center Network (University of Alabama)
- SCORE, Alabama
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Birmingham, AL. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/alabama-small-business-loans/birmingham/
Ask lending partners about a loan in Birmingham
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.