Small business loans in Montgomery, AL
Short answer
Newtek Bank made the most SBA loans in Montgomery, AL since FY2024, with 6. The median loan was $295,000, and half fell between $150,000 and $962,500. For free help, see the Alabama Small Business Development Center Network. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 40
- approved since FY2024
- $33.8M
- median loan
- $295,000
- through SBA Express
- 17.5%
Lenders making SBA loans in Montgomery
No lender made more than 15% of the loans in Montgomery, and Newtek Bank made the most.
| Lender | Loans | Share |
|---|---|---|
| Newtek Bank | 6 | 15.0% |
Share is the percent of all Montgomery loans in that period. Each name links to that lender's page for Alabama where one exists.
Montgomery has one lender with five or more loans since FY2024. Others had fewer, and the Alabama page counts 132 lenders with at least one approved loan statewide.
Ask lending partners about a loan in Montgomery
Tell us what you need and we refer your request to lending partners.
Start my loan requestJanover 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.
Local help near Montgomery
Montgomery borrowers can start with SBA's district office for Alabama, an SBDC or SCORE.
25% of Montgomery 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 Montgomery
Montgomery ranks 4th by loans since FY2024 among the 4 Alabama cities with 100 or more SBA loans since FY2020. Nationally it is the 567th busiest of the 580 cities that reach 100 loans.
The 40 loans, 3.5% of the 1,154 in Alabama, were approved for $33.8 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $295,000, 96% above the national median of $150,300. Half of the loans fell between $150,000 and $962,500. The Montgomery median is 18% above the Alabama median of $250,000.
| Measure | Montgomery | Alabama | U.S. |
|---|---|---|---|
| Loans | 40 | 1,154 | 162,355 |
| Median loan | $295,000 | $250,000 | $150,300 |
| 25th percentile | $150,000 | $102,900 | $50,000 |
| 75th percentile | $962,500 | $648,425 | $500,000 |
| Via SBA Express | 17.5% | 14.0% | 35.8% |
| Lines of credit | Fewer than 5 | 11.7% | 28.1% |
| Startups | 12.5% | 23.8% | 16.1% |
| Ownership changes | n/a | 13.0% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.5 | 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.
17.5% of all loans went through SBA Express, below the national 35.8%. Fewer than 5 of the loans were lines of credit, 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.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 29% from FY2024 (17 loans) to FY2025 (12), the two latest full years. The busiest full year in the file was FY2023, with 21 loans. FY2026 already shows 11 loans through June 30.
Of the 40 loans Montgomery 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 848 jobs supported across the 40 loans since FY2024, about 21.2 per loan. SBA does not audit these estimates.
What businesses in Montgomery borrow for
Hotels (except Casino Hotels) and Motels was the largest borrower group in Montgomery, with 5 loans or 12.5% of the total.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Hotels (except Casino Hotels) and Motels | 5 | 12.5% | 1.1% |
Share is the percent of all Montgomery 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 Montgomery
The median Montgomery loan was $295,000 with a median term of 10 years.
The median variable-rate loan in Montgomery was priced at Prime plus 2.5 percentage points at approval. At today's Prime that spread works out to 9.50%. On $295,000 over 10 years, principal and interest would come to about $3,817 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $150,000 | $1,941 |
| Median loan | $295,000 | $3,817 |
| 75th percentile loan | $962,500 | $12,455 |
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 $295,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 2.0 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Montgomery loans approved since FY2024 had a median starting rate of 10.45% at approval, against 10.25% nationally. 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 $300,000 loan and SBA Express payment calculator.
SBA 504 loans near Montgomery
Montgomery has 12 SBA 504 loans since FY2020, with $9.3 million in SBA and CDC dollars.
Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.
Florida First Capital Finance Corporation, Inc. 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 5. Southern Development Council follows with 5. The two CDCs listed are named on 10 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Florida First Capital Finance Corporation, Inc. | 5 |
| Southern Development Council | 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 Montgomery
Montgomery made up 3.5% of Alabama's SBA loans since FY2024.
Montgomery 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 Montgomery
Which lenders make the most SBA loans in Montgomery?
Newtek Bank leads with 6 loans in Montgomery since FY2024. Only lenders with five or more Montgomery loans are counted.
Which industries get SBA loans in Montgomery?
Hotels (except Casino Hotels) and Motels leads with 5 loans in Montgomery since FY2024.
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)
Download this page's data: JSON · CSV
Cite this page: Small business loans in Montgomery, AL. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/alabama-small-business-loans/montgomery/
Ask lending partners about a loan in Montgomery
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.