50 SBA loans worth $20.6M went to businesses in Tuscaloosa, AL between October 2021 and June 2026, from 19 lenders. BankFirst Financial Services made the most, 12 loans. The median loan was $234,000, compared with $290,000 across Alabama, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | BankFirst Financial Services Bank · Columbus, MS | 12 | $3.8M | $162,700 | 42% |
| 2 | Northeast Bank Bank · Portland, ME | 8 | $1.5M | $177,800 | 25% |
| 3 | Newtek Bank Bank · Miami, FL | 6 | $1.9M | $225,000 | 17% |
| 4 | Florida Business Development Certified development company · Tampa, FL | 4 | $4.0M | $701,500 | 0% |
| 5 | Huntington National Bank Bank · Columbus, OH | 3 | $522K | $165,000 | 0% |
| 6 | Pinnacle Bank Bank · Nashville, TN | 2 | $2.2M | $1,075,400 | 0% |
| 7 | Live Oak Banking Bank · Wilmington, NC | 2 | $775K | $387,500 | 50% |
| 8 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $200K | $100,000 | 0% |
| 9 | Celtic Bank Bank · Salt Lake City, UT | 1 | $1.4M | $1,351,000 | 100% |
| 10 | SouthState Bank Bank · Winter Haven, FL | 1 | $1.1M | $1,137,500 | 100% |
| 11 | First Financial Bank Bank · El Dorado, AR | 1 | $700K | $700,000 | 0% |
| 12 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $602K | $602,300 | 0% |
| 13 | Mission Valley Bank Bank · Sun Valley, CA | 1 | $598K | $597,900 | 0% |
| 14 | Southern Development Council Certified development company · Mountain Brook, AL | 1 | $428K | $428,000 | 0% |
| 15 | Renasant Bank Bank · Tupelo, MS | 1 | $348K | $347,800 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 12 | $229,350 | Newtek Bank | |
| Professional and technical services | 6 | $183,850 | BankFirst Financial Services | |
| Retail | 5 | $100,000 | BankFirst Financial Services | |
| Health care and social assistance | 5 | $428,000 | BankFirst Financial Services | |
| Administrative and support services | 4 | $177,800 | Mission Valley Bank | |
| Real estate and rental | 4 | $701,500 | BankFirst Financial Services | |
| Transportation and warehousing | 3 | $282,000 | Celtic Bank | |
| Other services (repair, personal care) | 3 | $308,600 | Pinnacle Bank |