Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Alabama.
In 2022 there were 77 SBA lenders that approved 357 SBA 7(a) loans for projects in Alabama totaling $245,093,700. The average loan amount was $686,537. Borrowers from 114 cities were approved for projects in Alabama for 166 industries. The SBA loan approvals in 2022 represent 4,322 jobs supported or saved in Alabama.
There were 53 franchise branded businesses receiving 67 loan approvals for $$60,364,600 with an average loan amount of $900,964.
Our forecast model projects $264 million in total Alabama SBA 7(a) loan approval amounts in 2023 with $90 million to franchise businesses.
Alabama Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Alabama Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
