SouthPoint Bank

This is a bank that offers SBA loan programs to small and medium-sized businesses, including the popular 7(a) loan, to help with growth, expansion, and working capital needs.

It's recommended to schedule an appointment to ensure dedicated service, but walk-in consultations may be available during business hours.

SouthPoint Bank's lobby and drive-thru operate Monday through Friday from 8:30 AM to 5:00 PM. Hours may vary for different locations and services — please confirm specific hours with your local branch.

There are no fees to inquire about SBA loans, but standard loan application and processing fees may apply if you proceed with a loan.

This service is open to small business owners and entrepreneurs within the region who meet the qualification criteria for SBA loans.

A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and SouthPoint Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call SouthPoint Bank to confirm current weekend availability before you go.

SouthPoint Bank is located in Alabama — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for SouthPoint Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by SouthPoint Bank itself, which runs its own lending under its own ownership. If you work at SouthPoint Bank, you can claim this listing from this page to manage it.

The core details for SouthPoint Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with SouthPoint Bank before applying. If you represent SouthPoint Bank, claim this listing to keep its information up to date.

You can reach SouthPoint Bank by phone at (205) 503-5000 (Grandview Main Office) or submit your inquiry online using their contact form at https://southpoint.bank/contact-us/. For SBA loans specifically, contact your local branch to speak with their business lending department.

Based on its approved SBA loans, SouthPoint Bank most often finances businesses in restaurants & food service, medical practices & clinics, construction & contractors, and hotels & lodging. This reflects SouthPoint Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with SouthPoint Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether SouthPoint Bank participates in SBA Express depends on its specific SBA lending authority. Contact SouthPoint Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. SouthPoint Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. SouthPoint Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask SouthPoint Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask SouthPoint Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask SouthPoint Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with SouthPoint Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. SouthPoint Bank weighs this case by case under its own policy, so be upfront about your history and ask SouthPoint Bank how it evaluates prior bankruptcies.