Access the Top SBA Lending for Alabama Small Business
Alabama boasts an economy and strong community bonds making it an ideal place for small businesses to grow. Whether in the city of Birmingham or the peaceful shores of Mobile Bay entrepreneurs can tap into opportunities for success. With access to leading SBA lending programs small businesses in Alabama can utilize assistance to advance their ventures.
Alabama
Yellowhammer
422,586 small businesses
818,235 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Alabama
Between March 2021 and March 2022, 15,298 Alabama establishments opened and 9,782 closed, for a net increase of 5,516. Employment expanded at 29,861 establishments and contracted at 25,349. Small businesses accounted for 13,976 openings and 8,997 closings.
Establishments in Alabama
Employment in Alabama
Between March 2021 and March 2022, 15,298 Alabama establishments opened and 9,782 closed, for a net increase of 5,516. Employment expanded at 29,861 establishments and contracted at 25,349. Small businesses accounted for 13,976 openings and 8,997 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Alabama
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $1.7 billion in loans to Alabama businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $1.5 billion. Total reported new lending to businesses through loans of $1 million or less was $5.2 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Alabama's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Alabama
Business Count by Demographic in Alabama
Total Alabama Employement by Business Size
Small Business Employment and Payroll by Industry in Alabama
Source: Business Employment Dynamics (BLS)