SBA 7(a) lenders in Russell, AL
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
25 institutions have SBA 7(a) loans on record in Russell, together $39.2M across 56 loans. Pinnacle Bank is the largest, with 14% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Pinnacle Bank | 4 | $5.4M | 13.8% | 0.00% |
| 2 | Metro City Bank | 5 | $5.4M | 13.8% | 0.00% |
| 3 | Customers Bank | 2 | $4.0M | 10.3% | 0.00% |
| 4 | Renasant Bank | 4 | $3.6M | 9.3% | 0.00% |
| 5 | United Bank | 1 | $3.1M | 8.0% | 0.00% |
| 6 | PromiseOne Bank | 1 | $2.8M | 7.2% | 0.00% |
| 7 | Truist Bank | 5 | $2.4M | 6.0% | 0.00% |
| 8 | Readycap Lending, LLC | 2 | $2.3M | 5.9% | 0.00% |
| 9 | Hanover Community Bank | 1 | $2.1M | 5.4% | 0.00% |
| 10 | Bank of Hope | 2 | $2.0M | 5.2% | 0.00% |
| 11 | FirstBank | 2 | $1.1M | 2.8% | 0.00% |
| 12 | Poppy Bank | 1 | $700K | 1.8% | 0.00% |
| 13 | Cogent Bank | 1 | $640K | 1.6% | 0.00% |
| 14 | FWBank | 1 | $610K | 1.6% | 0.00% |
| 15 | BayFirst National Bank | 2 | $575K | 1.5% | 18.09% |
| 16 | Wells Fargo Bank National Association | 11 | $466K | 1.2% | 11.77% |
| 17 | SouthState Bank, National Association | 1 | $361K | 0.9% | 0.00% |
| 18 | Celtic Bank Corporation | 1 | $332K | 0.8% | 0.00% |
| 19 | Bank Five Nine | 1 | $311K | 0.8% | 0.00% |
| 20 | United Midwest Savings Bank National Association | 2 | $300K | 0.8% | 0.00% |
| 21 | CRF Small Business Loan Company, LLC | 1 | $207K | 0.5% | 0.00% |
| 22 | Loyal Trust Bank | 1 | $200K | 0.5% | 0.00% |
| 23 | Columbia Bank | 2 | $50K | 0.1% | 0.00% |
| 24 | Redstone FCU | 1 | $50K | 0.1% | 0.00% |
| 25 | Northeast Bank | 1 | $22K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 11 | $15.5M | 39.7% |
| 2 | Professional & technical services | 1 | $3.8M | 9.7% |
| 3 | Construction | 7 | $3.5M | 9.0% |
| 4 | Arts, entertainment & recreation | 2 | $3.4M | 8.6% |
| 5 | Other services | 8 | $3.0M | 7.6% |
| 6 | Transportation & warehousing | 2 | $2.6M | 6.6% |
| 7 | Wholesale trade | 2 | $2.5M | 6.4% |
| 8 | Health care & social assistance | 6 | $2.1M | 5.3% |
| 9 | Retail trade | 4 | $1.1M | 2.7% |
| 10 | Real estate & leasing | 2 | $433K | 1.1% |
| 11 | Transportation & warehousing | 5 | $425K | 1.1% |
| 12 | Retail trade | 2 | $422K | 1.1% |
| 13 | Finance & insurance | 1 | $361K | 0.9% |
| 14 | Manufacturing | 1 | $25K | 0.1% |
| 15 | Manufacturing | 1 | $25K | 0.1% |
| 16 | Administrative & waste services | 1 | $22K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.