Alabama — PPP Loan Data
169,554 approved loans · $9.41B total · 90.6% forgiven
Alabama ranked among the states receiving PPP assistance during the COVID-19 pandemic. In total, the SBA approved 169,554 loans totaling $9.41B to businesses and organizations across the state. The average loan size was $55,526.
Of all approved loans, 153,592 — or 90.6% — received SBA forgiveness totaling $9.08B. Forgiveness means the borrower was not required to repay that portion, having met the program's requirements for maintaining payroll and using funds for qualified expenses such as rent, utilities, and mortgage interest.
Among the largest recipients in Alabama were ACTION ENTERPRISE HOLDINGS LLC ($10,000,000), NAPHCARE US INC ($10,000,000), and AMERICAN FAMILY CARE, INC. ($10,000,000).
Borrowers in Alabama reported retaining 1,117,437 jobs through the program, though job counts are self-reported and were not independently verified at the time of application. The state's businesses spanned a wide range of industries, from construction and hospitality to professional services and health care.
The most active industry in Alabama by loan count was Personal Care Services with 15,987 loans totaling $242.3M. This was followed by Services to Buildings and Dwellings (8,833 loans).
The most active lender in Alabama was PRESTAMOS CDFI, which originated 11,468 loans worth $179.0M. The top 10 lenders collectively handled a significant portion of the state's total loan volume, reflecting the role of large national banks as primary conduits for PPP funds.
Loans under $150,000 — which make up the majority of loan count — have borrower names withheld under FOIA Exemption 6. Only the approximately 0.0% of loans at or above that threshold have named recipients publicly disclosed.
Top Cities in Alabama
| City | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| BIRMINGHAM | 17,161 | $1.43B | 89.4% |
| MOBILE | 15,542 | $783.4M | 84.8% |
| MONTGOMERY | 9,040 | $552.9M | 87.8% |
| HUNTSVILLE | 7,963 | $654.5M | 90.7% |
| TUSCALOOSA | 5,812 | $292.3M | 86.3% |
| DOTHAN | 3,809 | $241.2M | 91.6% |
| DECATUR | 2,604 | $179.2M | 91.0% |
| HOOVER | 2,379 | $126.1M | 93.4% |
| PHENIX CITY | 2,250 | $63.2M | 80.4% |
| FLORENCE | 2,171 | $136.4M | 96.2% |
| MADISON | 2,164 | $98.0M | 92.5% |
| AUBURN | 2,105 | $146.4M | 92.9% |
| BESSEMER | 1,909 | $131.0M | 87.5% |
| CULLMAN | 1,752 | $94.8M | 98.0% |
| FAIRHOPE | 1,731 | $81.3M | 97.1% |
| SELMA | 1,624 | $59.6M | 84.9% |
| GADSDEN | 1,612 | $102.6M | 92.3% |
| OPELIKA | 1,573 | $99.8M | 90.5% |
| DAPHNE | 1,517 | $99.7M | 94.2% |
| NORTHPORT | 1,438 | $75.8M | 90.8% |
| ANNISTON | 1,401 | $71.1M | 90.4% |
| ATHENS | 1,332 | $68.7M | 93.2% |
| PELHAM | 1,184 | $110.1M | 95.7% |
| PRATTVILLE | 1,157 | $50.2M | 90.8% |
| VESTAVIA HILLS | 1,138 | $82.5M | 94.1% |
Top Industries
| Industry | Loans | Total |
|---|---|---|
| Personal Care Services | 15,987 | $242.3M |
| Services to Buildings and Dwellings | 8,833 | $206.9M |
| Accommodation and Food Services | 5,624 | $543.5M |
| General Freight Trucking | 4,977 | $187.2M |
| Residential Building Construction | 4,462 | $143.7M |
| Other Personal Services | 4,231 | $102.3M |
| Automotive Repair and Maintenance | 3,941 | $132.4M |
| Offices of Real Estate Agents and Brokers | 3,878 | $68.5M |
| Cattle Ranching and Farming | 3,629 | $37.2M |
| Legal Services | 3,572 | $232.0M |
Top Lenders
| Lender | Loans | Total |
|---|---|---|
| PRESTAMOS CDFI | 11,468 | $179.0M |
| REGIONS BANK | 10,948 | $940.5M |
| CAPITAL PLUS FINANCIAL | 8,125 | $127.1M |
| BENWORTH CAPITAL | 6,593 | $87.3M |
| HARVEST SMALL BUSINESS FINANCE | 5,721 | $94.1M |
| FOUNTAINHEAD SBF | 5,054 | $75.0M |
| SERVISFIRST BANK | 4,922 | $974.2M |
| BSD CAPITAL, LLC DBA LENDISTRY | 4,171 | $76.1M |
| CROSS RIVER BANK | 4,025 | $88.8M |
| RIVER BANK & TRUST | 3,838 | $240.8M |
Largest Named Recipients in Alabama
Showing loans ≥ $150,000 with publicly disclosed borrower names.