37 SBA loans worth $29.9M went to businesses in Foley, AL between October 2021 and June 2026, from 22 lenders. Readycap Lending made the most, 4 loans. The median loan was $303,500, compared with $290,000 across Alabama, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 4 | $3.6M | $275,050 | 25% |
| 2 | Newtek Bank Bank · Miami, FL | 3 | $145K | $50,000 | 0% |
| 3 | Centennial Bank Bank · Conway, AR | 2 | $4.0M | $2,017,000 | 50% |
| 4 | Southern Development Council Certified development company · Mountain Brook, AL | 2 | $3.4M | $1,703,500 | 50% |
| 5 | Birmingham Citywide Local Development Certified development company · Birmingham, AL | 2 | $2.3M | $1,138,500 | 0% |
| 6 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $666K | $333,000 | 0% |
| 7 | Regions Bank Bank · Birmingham, AL | 2 | $602K | $300,900 | 50% |
| 8 | ConnectOne Bank Bank · Englewood Cliffs, NJ | 2 | $565K | $282,500 | 100% |
| 9 | BankFirst Financial Services Bank · Columbus, MS | 2 | $410K | $204,900 | 100% |
| 10 | Northeast Bank Bank · Portland, ME | 2 | $100K | $50,000 | 0% |
| 11 | PNC Bank Bank · Wilmington, DE | 2 | $40K | $20,000 | 100% |
| 12 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $25K | $12,500 | 100% |
| 13 | Banesco USA Bank · Miami, FL | 1 | $5.0M | $5,000,000 | 0% |
| 14 | SouthState Bank Bank · Winter Haven, FL | 1 | $1.8M | $1,773,400 | 100% |
| 15 | VelocitySBA Non-bank lender · Irving, TX | 1 | $1.7M | $1,664,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 7 | $500,100 | ServisFirst Bank | |
| Real estate and rental | 7 | $280,000 | Newtek Bank | |
| Restaurants and hotels | 6 | $1,427,000 | Southern Development Council | |
| Other services (repair, personal care) | 5 | $50,000 | Northeast Bank | |
| Manufacturing | 5 | $2,017,000 | Centennial Bank | |
| Retail | 3 | $20,000 | SouthState Bank | |
| Administrative and support services | 2 | $817,500 | Pinnacle Bank | |
| Professional and technical services | 1 | $20,000 | PNC Bank |