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SBA Loans in Selma, AL
7(a) and 504 loans approved, fiscal years 2023 to 2025
- Loans approved
- 5
- Amount approved
- $8.49M
- Jobs supported
- 229
- As reported by borrowers
Counts and dollar amounts are SBA 7(a) and 504 loans approved in each federal fiscal year (October to September), from SBA's FOIA loan data. Loans are placed by the project county and the borrower's city. Borrower names are not shown. Jobs supported are the jobs borrowers reported when they applied.
Loans by fiscal year
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| Year | Loans | Amount | Average | 7(a) | 504 |
|---|---|---|---|---|---|
| FY2025 | 2 | $1.57M | $785,000 | 1 | 1 |
| FY2024 | 1 | $1.92M | $1,915,000 | 1 | 0 |
| FY2023 | 2 | $5M | $2,500,000 | 2 | 0 |
Top industries
All years shown, by amount
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| Industry | Loans | Amount |
|---|---|---|
| New Car Dealers | 2 | $5M |
| Gasoline Stations with Convenience Stores | 1 | $1.92M |
| Hotels (except Casino Hotels) and Motels | 1 | $1.56M |
| Barber Shops | 1 | $10K |
Top lenders
7(a) lenders and 504 certified development companies, by amount
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| Lender | Loans | Amount |
|---|---|---|
| Live Oak Banking Company | 2 | $5M |
| Renasant Bank | 1 | $1.92M |
| Florida First Capital Finance Corporation, Inc. | 1 | $1.56M |
| Northeast Bank | 1 | $10K |
Source: U.S. Small Business Administration, 7(a) and 504 FOIA loan data · Last updated 06/30/2026