SouthPoint Bank approved 36 SBA loans worth $35.6M between October 2021 and June 2026, ranking #665 of 2,283 SBA lenders nationally by loan count. Its median loan was $385,000, and 67% went to startups or businesses under two years old. It lent in 4 states, most often in Alabama, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Alabama | 33 | $29.1M | $375,000 | #20 |
| Florida | 1 | $312K | $312,000 | #314 |
| Mississippi | 1 | $4.6M | $4,647,000 | #107 |
| Texas | 1 | $1.6M | $1,561,000 | #409 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 11 | $336,000 | |
| Health care and social assistance | 6 | $328,000 | |
| Other services (repair, personal care) | 5 | $429,500 | |
| Construction | 3 | $335,000 | |
| Administrative and support services | 2 | $385,000 | |
| Professional and technical services | 2 | $4,211,100 | |
| Finance and insurance | 1 | $1,142,000 | |
| Arts, entertainment and recreation | 1 | $315,000 | |
| Education | 1 | $1,447,000 | |
| Manufacturing | 1 | $284,800 |