Alabama small business capital

What Alabama small business capital does

Alabama Small Business Capital is a private, non-profit Certified Development Company (CDC) founded in 1989 and headquartered in Montgomery, Alabama. It administers the U.S. Small Business Administration's 504 Loan Program, providing long-term, fixed-rate financing for owner-occupied commercial real estate and major equipment purchases by small businesses. The company operates under the related brands Florida Business Development Corporation (FBDC) and Georgia Small Business Capital, with servicing offices in Tampa, Miami, Jacksonville, and Orlando, extending its footprint across the Southeast.

The core product is the SBA 504 loan, structured as a three-party transaction involving the borrower, a participating bank or credit union, and ASBC as the CDC. The company has built a network of more than 80 partner lenders including Bank of America, Regions, Wells Fargo, and Ocean Bank, and reports cumulative approvals of $14 billion+ across 9,489+ businesses and an estimated 80,000+ jobs created over 35+ years. Beyond core 504 origination, ASBC offers Refinance, the Velocity Bridge Loan, Direct Lending in the $50K–$400K range, VetLoan Advantage Plus (a veteran-focused variant with reduced 1.0% processing fees developed with NADCO), Down Payment Assistance, and an online 504 Loan Calculator. It also markets industry-vertical packages for restaurants, hotels, dentists, physicians, behavioral health practices, law firms, and child care providers.

The business model is fee-based, not interest-spread-based. Revenue is generated through SBA packaging fees (~2.17%), processing fees (1.5% standard, 1.0% for veterans), a Third Party Lender Fee on each transaction, and ongoing servicing fees on the retained 504 debenture portfolio. There is no disclosed technology platform, proprietary software, or AI/automation capability in the available data; operations rely on conventional SBA underwriting workflows and partner-bank referral pipelines.

Name

Alabama small business capital

Legal name

Alabama Small Business Capital

Website

https://al504.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Alabama Small Business Capital is a non-profit Certified Development Company founded in 1989 that originates SBA 504 loans for small businesses across Alabama, Florida, and Georgia, working through an 80+ bank partner network and operating under the FBDC and Georgia Small Business Capital brands.

Ownership category

akta.pro rank

Product category

SBA 504 Small Business Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• SBA 504 lending
• Small business financing
• Commercial real estate loans
• Certified development company
• Fixed-rate business loans

Headquarters

HQ city

Opelika

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. SBA 504 Loan Program Administration: ASBC generates revenue as a CDC by administering SBA 504 loans, earning fees from the SBA portion of loans (2.17% of SBA loan amount financed into the loan), processing fees (typically 1.5% standard, 1.0% for veterans), and ongoing loan servicing fees. The company also receives the Third Party Lender Fee from participating banks.
2. Direct Lending Program: Alternative lending program providing loans from $50,000 to $400,000 for small businesses, with origination fees, attorney fees, title insurance, and recording fees paid by the borrower at closing.
3. VetLoan Advantage Plus: Specialized veteran lending program with reduced processing fees (1.0% vs standard 1.5%) and ASBC paying half of Third Party Lender Fee up to $3,000.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

ASBC is a Certified Development Company that administers the SBA 504 Loan Program, providing long-term fixed-rate financing (10, 20, or 25 years) for small businesses to purchase land, buildings, and equipment with only 10% down. The company earns SBA administration fees (2.17% of SBA loan amount), processing fees (1.5% standard, 1.0% for veterans), and ongoing loan servicing fees, complemented by a Direct Lending Program, a Velocity Bridge Loan Program, and the VetLoan Advantage Plus program.

Product overview

Alabama Small Business Capital (ASBC) is a private, non-profit Certified Development Company established in 1989 that administers the SBA 504 Loan Program. The company offers a unified suite of SBA 504 financing products centered around its core loan programs: the SBA 504 Loan Program (the flagship product for purchasing commercial real estate and equipment), the SBA 504 Refinance Program (for refinancing existing commercial debt), the ASBC 504 Velocity Bridge Loan Program (bridge financing for lenders), the Direct Lending Program (small loans from $50K-$400K), and VetLoan Advantage Plus (specialized veteran financing). These core products are complemented by industry-specific offerings targeting restaurants, hotels, child care centers, behavioral health practices, dentists, physicians, and law firms. ASBC also provides supporting tools including a 504 Loan Calculator and Down Payment Assistance Program. The company operates across 19 Alabama locations and has facilitated over $14 billion in total projects approved since inception.

Differentiator

Problem solved

Functional benefit

Brands

• SBA 504 Loan Program: Long-term, fixed-rate financing for small businesses to purchase land, buildings, and equipment
• SBA 504 Refinance Program
• ASBC 504 Velocity Bridge Loan Program
• Direct Lending Program
• VetLoan Advantage Plus
• Down Payment Assistance Program

Products and services

• SBA 504 Loan Program Long-term, fixed-rate financing program for small businesses to purchase land, buildings, and equipment at competitive rates with as little as 10% down payment, structured as 50% bank, 40% SBA/CDC, and 10% borrower contribution. Terms available for 10, 20, or 25 years with current 25-year debenture rates of 6.116% (June 2026).
• SBA 504 Refinance Program Refinance program giving small business owners the ability to refinance existing commercial real estate loans through the SBA 504 structure, potentially obtaining cash back. Current 25-year refinance rate is 6.119% (June 2026).
• ASBC 504 Velocity Bridge Loan Program Bridge loan program that provides short-term financing to minimize or eliminate risks for banks and third-party lenders who finance the first lien 50% portion of SBA 504 projects, ensuring efficient project completion.
• Direct Lending Program Alternative lending program offering loans from $50,000 to $400,000 for small businesses with fixed or variable market rates based on credit risk. Designed for flexible, low-collateral financing in underserved markets with origination, attorney, title insurance, and recording fees paid by the borrower at closing.
• VetLoan Advantage Plus Specialized SBA 504 financing program for veteran-owned businesses and their spouses offering enhanced loan access and reduced fees, including a processing fee reduction from 1.5% to 1.0% and ASBC paying half of the Third Party Lender Fee up to $3,000.
• Down Payment Assistance Program Lending assistance for borrowers who cannot afford the 10% down payment for a 504 loan, providing up to 50% of the required down payment.

Quantifiable outcome

• 9,489+ businesses served since 1989
• +4 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core.

• Bank of AmericacoreChannel Partner/ Reseller/ DistributorMajor national bank providing 50% first lien financing for SBA 504 loans as part of the three-party loan structure. One of the primary banking partners in the Southeast region.
• Regions BankcoreChannel Partner/ Reseller/ DistributorRegional bank providing first lien financing for SBA 504 loans, serving businesses throughout the Southeast market.
• Ocean BankcoreChannel Partner/ Reseller/ DistributorFlorida-based bank participating as lender in SBA 504 loan transactions.
• City National Bank of FloridacoreChannel Partner/ Reseller/ DistributorFlorida community bank providing financing for SBA 504 loan projects.
• Newtek Bank, National AssociationcoreChannel Partner/ Reseller/ DistributorNational bank specializing in SBA lending programs and participating as lender.
• Fairwinds Credit UnioncoreChannel Partner/ Reseller/ DistributorCredit union providing first mortgage financing for SBA 504 loan projects.
• Capital City BankcoreChannel Partner/ Reseller/ DistributorRegional bank serving Florida markets as participating lender.
• Seacoast National BankcoreChannel Partner/ Reseller/ DistributorFlorida-based community bank participating as SBA 504 lender.
• SouthPoint BankcoreChannel Partner/ Reseller/ DistributorCommunity bank providing financing for SBA 504 loan projects.
• BayFirst National BankcoreChannel Partner/ Reseller/ DistributorNational bank providing first lien financing for SBA 504 loans.
• Harvest Commercial Capital, LLCcoreChannel Partner/ Reseller/ DistributorCommercial capital firm providing financing solutions as part of the SBA 504 loan program.
• The Bank of TampacoreChannel Partner/ Reseller/ DistributorRegional bank providing SBA 504 loan financing to Tampa area businesses.
• Wells Fargo Bank, National AssociationcoreChannel Partner/ Reseller/ DistributorMajor national bank serving as servicing agent for ACH payments on SBA 504 loans.
• NADCO VetLoan Advantage ProgramcoreStrategic or Co-development PartnerASBC is the first CDC in Alabama to participate in the NADCO VetLoan Advantage Program, offering exclusive fee reductions for veterans and their spouses seeking SBA 504 loans.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• SmartBiz Loans: Fintech SBA loan marketplace that streamlines SBA 504 and 7(a) origination digitally. Represents the digital-native competitive threat to traditional CDC-driven origination processes like ASBC's BDO-led model.

Broad incumbents

• U.S. Small Business Administration (SBA): Federal agency that certifies CDCs and administers the 504 program ASBC operates under. SBA sets policy, fee structure, eligibility, and program funding that directly governs ASBC's revenue model.
• National Association of Development Companies (NADCO): Industry trade association representing the network of CDCs nationwide, including ASBC. NADCO sets the VetLoan Advantage Program that ASBC participates in and publishes the monthly debenture rate structure underlying all 504 lending.

Direct peers

• Florida First Capital Finance Corporation: Florida-based CDC administering SBA 504 loans with similar three-party structure, fee model, and vertical SMB focus. Directly comparable regional CDC peer with overlapping Florida market presence to ASBC's FBDC sub-brand.
• Capital Business Credit: Non-bank alternative lender offering SBA 504 loans, bridge financing, and direct SMB lending products comparable to ASBC's program suite. Competes for similar borrowers in similar verticals with similar fee-based revenue model.
• Georgia Business Development Corporation: Georgia-based CDC administering SBA 504 loans. Closest geographic peer to ASBC's Georgia Small Business Capital sub-brand with parallel origination, underwriting, and bank partnership model.
• Harvest Commercial Capital: SBA-preferred lender providing SBA 504 and 7(a) loans to SMBs. Listed as an ASBC channel partner but also competes for SBA-eligible borrowers with direct origination capabilities and similar fee economics.

Regional players

• Newtek Bank, National Association: National bank specializing in SBA lending programs including 504, and a current ASBC channel partner. Operates a for-profit SBA-focused model that competes for the same borrowers while also collaborating through ASBC's partner network.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/asbc504
• LinkedInlinkedin.com/company/alabama-small-business-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alabama small business capital