Best Alabama SBA Lenders & Rates of 2026

Compare 99 SBA lenders in Alabama. $301.8M funded across 509 businesses. Average rate 10.20%. Get matched free.

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Best Alabama SBA Lenders & Rates of 2026

$301.8M
Total Funded

509
Loans Approved

$593K
Avg Loan Size

10.20%
Avg Interest Rate

99
Active Lenders

SBA Loans in Alabama

Alabama businesses received $301.8M in SBA 7(a) loan approvals across 509 businesses in 2025. With 99 active SBA lenders competing for business in Alabama, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Alabama is $593K, with rates averaging 10.20%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Alabama (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Alabama businesses:

RankLenderVolumeLoansAvg Rate
1Live Oak Banking Company$35.0M319.06%
2The Huntington National Bank$14.6M309.74%
3Newtek Bank, National Association$14.6M5010.58%
4Climate First Bank$11.9M59.85%
5Northeast Bank$11.4M6911.03%
6GBank$10.7M38.42%
7Synovus Bank$10.5M58.80%
8Renasant Bank$10.2M69.46%
9Bank of Hope$10.1M48.63%
10United Midwest Savings Bank National Association$8.9M159.93%
11Readycap Lending, LLC$7.7M1912.01%
12Peoples Bank$6.0M38.58%
13Pathward National Association$5.8M29.63%
14Valley National Bank$5.0M39.17%
15SouthPoint Bank$5.0M39.25%
16American Bank$5.0M19.00%
17First Internet Bank of Indiana$4.5M39.75%
18Sabre Finance$4.5M2510.42%
19Fifth Third Bank$4.4M38.50%
20Byline Bank$4.1M510.25%

🤝 How to Get an SBA Loan in Alabama

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Alabama and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Alabama SBA Lenders

Ready to apply for an SBA loan in Alabama? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

Picture of Ishan Jetley

Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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