82 SBA loans worth $57.8M went to businesses in Madison, AL between October 2021 and June 2026, from 37 lenders. Huntington National Bank made the most, 15 loans. The median loan was $318,000, compared with $290,000 across Alabama, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 15 | $3.7M | $215,000 | 87% |
| 2 | Newtek Bank Bank · Miami, FL | 6 | $3.5M | $237,500 | 17% |
| 3 | Birmingham Citywide Local Development Certified development company · Birmingham, AL | 5 | $8.5M | $1,868,000 | 60% |
| 4 | Southern Development Council Certified development company · Mountain Brook, AL | 4 | $4.1M | $897,000 | 25% |
| 5 | Northeast Bank Bank · Portland, ME | 4 | $573K | $137,500 | 25% |
| 6 | BayFirst National Bank Bank · St. Petersburg, FL | 4 | $321K | $70,000 | 25% |
| 7 | Florida First Capital Finance Corporation Certified development company · Tallahassee, FL | 3 | $1.3M | $205,000 | 67% |
| 8 | Sabre Finance Non-bank lender · Birmingham, AL | 3 | $583K | $159,400 | 67% |
| 9 | Pinnacle Bank Bank · Nashville, TN | 2 | $5.4M | $2,709,600 | 100% |
| 10 | Florida Business Development Certified development company · Tampa, FL | 2 | $3.4M | $1,688,000 | 50% |
| 11 | Merchants & Marine Bank Bank · Pascagoula, MS | 2 | $2.3M | $1,129,300 | 100% |
| 12 | Fifth Third Bank Bank · Cincinnati, OH | 2 | $2.1M | $1,070,000 | 0% |
| 13 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $1.5M | $765,000 | 50% |
| 14 | Bancorp Bank Bank · Sioux Falls, SD | 2 | $1.2M | $598,250 | 100% |
| 15 | SouthState Bank Bank · Winter Haven, FL | 2 | $450K | $225,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 15 | $317,000 | Huntington National Bank | |
| Health care and social assistance | 12 | $220,000 | BayFirst National Bank | |
| Restaurants and hotels | 11 | $634,500 | Bancorp Bank | |
| Retail | 10 | $213,750 | Northeast Bank | |
| Manufacturing | 7 | $500,000 | Fifth Third Bank | |
| Education | 6 | $335,500 | Huntington National Bank | |
| Wholesale trade | 4 | $1,217,500 | Newtek Bank | |
| Construction | 4 | $229,400 | Huntington National Bank |