Feasibility Study Data for the Birmingham, AL Metro Area

Birmingham among metropolitan areas, ranked by 1,458 loans

Among metro and micro areas, Birmingham ranks 71 of 928 by loans, with 1,458 approvals over FY2017 to FY2026 and $948.4 million gross. Larger tickets mark Birmingham. The Birmingham median of $301,000 is 1.45x the national figure; in Birmingham, half of loans span $140,000 to $754,300. The gap between $140,000 and $754,300 in Birmingham shows how varied borrowers are. Birmingham offers no typical loan in Birmingham.

By program, Birmingham holds 1,240 SBA 7(a) loans beside 218 SBA 504 loans. Franchised businesses in Birmingham make up 19.0% of loans. In Birmingham, AL, classes rank full-service restaurant with 75, limited-service restaurant with 71 and hotel and motel with 44. 994 Birmingham loans belong to no tracked class. The 1,458 total counts them. Birmingham project locations concentrate in Jefferson County, AL with 955, Shelby County, AL with 342 and St. Clair County, AL with 70 in Birmingham.

Birmingham, AL: lenders behind the 1,458 loans

In Birmingham, lender names come out of SBA's record of loans a bank carries or carried in Birmingham, as current holder, so they record a portfolio only. Birmingham holders should be read that way. In Birmingham, leading SBA 7(a) in Birmingham holders are The Huntington National Bank with 83 loans worth $44.1 million; PNC Bank, National Association with 81 loans worth $11.3 million; Wells Fargo Bank National Association with 76 loans worth $12.4 million. In the Birmingham SBA 504 table, the leading holders are Southern Development Council with 83 loans worth $58.1 million; Birmingham Citywide Local Development Company with 72 loans worth $74.1 million; Florida Business Development Corporation with 46 loans worth $51.0 million. In Birmingham, concentration among top holders says little. A Birmingham study should stand on evidence alone in Birmingham.

Cancellation floor, Birmingham: 13.5% of FY2017 to FY2024 approvals in Birmingham. Unfunded loans counted as cancelled lift Birmingham to a ceiling of 14.3%. In Birmingham, SBA shows 6.7% charged off to date, a floor, among 571 loans disbursed FY2017 to FY2021; 4.4% came within five years. Birmingham approvals peaked in FY2025, at 224 loans. A loan joins Birmingham through its project county, matched by name to the July 2023 delineation, hence any loan whose county is unplaceable joins no area at all. The 1,458 loans in Birmingham, AL include loans with no named class in Birmingham.

Birmingham: testing a project in Birmingham, AL

In Birmingham, demand is the opening test. Count the customers within reach of the exact address in Birmingham, not the metropolitan area in Birmingham, and stress the first year in Birmingham. The Birmingham budget is next. The middle half runs $140,000 to $754,300, yet rebuild the budget from quotes, with Birmingham fees and reserves itemised. Coverage of the Birmingham loan payment follows. Present the ratio for the amount then in a stress case, saying how far Birmingham revenue can fall. Lenders in Birmingham also rely on appraisals, so each source behind the numbers should be verifiable in Birmingham. Inside Birmingham, AL, submarkets differ widely. Its 1,458 loans average across them all, so a Birmingham study must name the Birmingham submarket it means. With Birmingham at 1.45x the national median in Birmingham, projects run large in Birmingham. The study must justify its project for Birmingham against $301,000.