Southern Development Council approved 101 SBA loans worth $104.6M between October 2021 and June 2026, ranking #353 of 2,283 SBA lenders nationally by loan count. Its median loan was $707,000, and 19% went to startups or businesses under two years old. It lent in 5 states, most often in Alabama, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Alabama | 92 | $94.4M | $692,000 | #5 |
| Mississippi | 4 | $6.7M | $1,046,000 | #42 |
| Florida | 3 | $2.8M | $1,168,000 | #203 |
| Louisiana | 1 | $386K | $386,000 | #108 |
| Tennessee | 1 | $363K | $363,000 | #194 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 19 | $1,220,000 | |
| Health care and social assistance | 17 | $676,000 | |
| Retail | 13 | $596,000 | |
| Other services (repair, personal care) | 11 | $853,000 | |
| Manufacturing | 10 | $500,500 | |
| Construction | 6 | $300,000 | |
| Professional and technical services | 4 | $425,500 | |
| Arts, entertainment and recreation | 4 | $909,000 | |
| Transportation and warehousing | 4 | $1,440,500 | |
| Real estate and rental | 3 | $1,474,000 |