Lending data
Who actually lends to wholesale businesses in Alabama?
52 SBA 7(a) loans went to wholesale businesses in Alabama recently, at a median of $314,150. Here are the lenders that made them, ranked.
52 SBA 7(a) loans went to wholesale businesses in Alabama in the most recent fiscal years. The median was $314,150 over 10 years. The most active lender was BayFirst National Bank, with 6 loans.
What lending to wholesale businesses in Alabama actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Wholesale trade, Alabama | All 7(a) borrowers |
|---|---|---|
| Loans approved | 52 | 214,102 |
| Median loan | $314,150 | $150,000 |
| 25th - 75th percentile | $150,000 - $1,180,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.99% | 10.25% |
| Share to startups | 23.1% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 8.0% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to wholesale businesses in Alabama. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| BayFirst National Bank | 6 | $150,000 | 0% | 12.75% |
| Pinnacle Bank | 5 | $350,000 | 40% | 9.00% |
| Millennial Bank | 4 | $1,122,500 | 0% | 9.62% |
| Newtek Bank | 4 | $500,000 | 0% | 11.50% |
| Regions Bank | 3 | $233,100 | 0% | 8.75% |
| Sabre Finance | 3 | $200,000 | 33% | 10.50% |
| Live Oak Banking Company | 3 | $350,000 | 0% | 10.50% |
| Readycap Lending, LLC | 2 | $177,000 | 0% | 11.12% |
| Community Bank of Mississippi | 2 | $415,500 | 50% | 8.62% |
| Oakworth Capital Bank | 2 | $1,014,250 | 50% | 8.50% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $314,150 is 109% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- This is a hard market for new businesses. Only 23% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- No single lender dominates, but the top three made 29% of these loans, so the shortlist below covers most of the active market.
Which of them lend to new businesses
Of those loans, 23.1% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| KeyBank | 2 | $199,650 | 100% | 9.86% |
| Pinnacle Bank | 2 | $350,000 | 40% | 9.00% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Alabama: restaurants and hotels, retail, construction, personal services, healthcare, professional services
- Wholesale in comparable states: New Hampshire, Iowa, Idaho, Louisiana, Oklahoma, Kansas