Businesses in Virginia looking for SBA loans have a variety of options to consider, each with its own distinctive features. Let’s delve into the top 10 SBA lenders in the state and highlight what borrowers need to know about each:
Virginia Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | M&T | Buffalo, NY | 61 | $173,661 | 8.0% |
| 2 | Wells Fargo | Sioux Falls, SD | 50 | $157,076 | 9.5% |
| 3 | Newtek Small Business Finance | Lake Success, NY | 34 | $555,421 | 7.6% |
| 4 | Live Oak | Wilmington, NC | 32 | $1,815,844 | 6.6% |
| 5 | The First Bank and Trust | Lebanon, VA | 30 | $273,947 | 5.5% |
| 6 | United Midwest Savings Bank | De Graff, OH | 30 | $497,000 | 7.1% |
| 7 | BayFirst National Bank | Saint Petersburg, FL | 29 | $205,414 | 8.2% |
| 8 | The Huntington National Bank | Columbus, OH | 28 | $279,118 | 8.1% |
| 9 | BancorpSouth Bank | Tupelo, MS | 27 | $254,074 | 7.5% |
| 10 | TD Bank | Wilmington, DE | 24 | $49,654 | 9.4% |
| 11 | Celtic Bank | Salt Lake City, UT | 18 | $427,372 | 8.1% |
| 12 | Truist Bank | Charlotte, NC | 17 | $943,747 | 6.6% |
| 13 | Readycap Lending, LLC | Berkeley Heights, NJ | 16 | $89,388 | 8.3% |
| 14 | Bank of America | Charlotte, NC | 15 | $377,087 | 3.6% |
| 15 | Capital Bank | Rockville, MD | 14 | $975,800 | 5.8% |
| 16 | First National Bank of Pennsylvania | Greenville, PA | 11 | $812,600 | 7.6% |
| 17 | Bank of Charles Town | Charles Town, WV | 10 | $283,000 | 7.6% |
| 18 | Citizens Bank | Elizabethton, TN | 10 | $733,900 | 7.2% |
| 19 | Bank of George | Las Vegas, NV | 9 | $3,045,889 | 6.0% |
| 20 | Gbank | Las Vegas, NV | 9 | $3,045,889 | 6.0% |
| 21 | Atlantic Union Bank | Richmond, VA | 8 | $1,540,750 | 7.6% |
| 22 | Bank of Hope | Los Angeles, CA | 8 | $145,875 | 7.6% |
| 23 | Hanmi Bank | Los Angeles, CA | 8 | $1,283,000 | 6.3% |
| 24 | BayPort Credit Union | Newport News, VA | 7 | $84,114 | 6.8% |
| 25 | Northeast Bank | Lewiston, ME | 7 | $40,043 | 8.4% |
| 26 | Pinnacle Bank | Nashville, TN | 7 | $1,459,071 | 6.9% |
| 27 | Blue Ridge Bank | Martinsville, VA | 6 | $999,100 | 6.8% |
| 28 | Byline Bank | Chicago, IL | 6 | $1,223,333 | 8.2% |
| 29 | First-Citizens Bank & Trust | Raleigh, NC | 6 | $1,375,500 | 5.9% |
| 30 | Fulton Bank | Lancaster, PA | 6 | $875,750 | 8.0% |
| 31 | JPMorgan Chase Bank | Columbus, OH | 6 | $172,450 | 8.4% |
| 32 | Primis Bank | Tappahannock, VA | 6 | $458,417 | 6.8% |
| 33 | SouthState Bank | Winter Haven, FL | 6 | $347,500 | 8.4% |
| 34 | Village Bank | Midlothian, VA | 6 | $689,150 | 5.9% |
| 35 | Customers Bank | Malvern, PA | 5 | $1,363,800 | 5.8% |
| 36 | First Bank of the Lake | Osage Beach, MO | 5 | $988,800 | 7.0% |
| 37 | Harvest Small Business Finance | Laguna Hills, CA | 5 | $597,740 | 6.9% |
| 38 | Metro City Bank | Doraville, GA | 5 | $552,500 | 5.7% |
| 39 | Virginia National Bank | Charlottesville, VA | 5 | $360,120 | 5.8% |
| 40 | Wilmington Savings Fund Society | Wilmington, DE | 5 | $749,580 | 6.0% |
1. M&T Bank
M&T Bank, based in Buffalo, New York, takes the lead in Virginia. With a regional focus, the bank has facilitated 61 loans, offering an average loan amount of $173,661 at an 8.0% interest rate. Businesses seeking a reliable regional lender with a solid track record may find M&T Bank to be a suitable choice.
2. Wells Fargo
Wells Fargo, headquartered in Sioux Falls, South Dakota, secures the second spot with 50 loans in Virginia. Despite its national stature, Wells Fargo has been a significant player in the state, providing an average loan of $157,076 at a 9.5% interest rate. Businesses looking for a well-established national bank with a presence in Virginia may consider Wells Fargo.
3. Newtek Small Business Finance
Hailing from Lake Success, New York, Newtek Small Business Finance specializes in larger loans. With 34 loans in Virginia, the lender offers an average loan amount of $555,421 at a 7.6% interest rate. This lender may be an attractive option for businesses in need of substantial financial support.
4. Live Oak
Live Oak, based in Wilmington, North Carolina, secures the fourth position. With a remarkable average loan amount of $1,815,844 at a competitive 6.6% interest rate, Live Oak stands out as a lender for businesses in Virginia seeking substantial funding for growth and expansion.
5. The First Bank and Trust
Operating out of Lebanon, Virginia, The First Bank and Trust focuses on the local community. With 30 loans, this bank provides an average loan of $273,947 at an enticingly low 5.5% interest rate. Local businesses looking for community-oriented financing may find The First Bank and Trust to be a valuable partner.
6. United Midwest Savings Bank
United Midwest Savings Bank, headquartered in De Graff, Ohio, has a regional focus that extends to Virginia. With 30 loans, the bank offers an average loan amount of $497,000 at a 7.1% interest rate. Businesses seeking a regional bank with personalized service and competitive terms may find United Midwest Savings Bank appealing.
7. BayFirst National Bank
BayFirst National Bank, based in Saint Petersburg, Florida, secures the seventh spot. With 29 loans, the bank provides an average loan amount of $205,414 at an 8.2% interest rate. Businesses looking for a lender with a regional touch and competitive financing terms may find BayFirst National Bank to be a suitable choice.
8. The Huntington National Bank
The Huntington National Bank, based in Columbus, Ohio, is the eighth-ranked lender in Virginia. With 28 loans, the bank offers an average loan amount of $279,118 at an 8.1% interest rate. Businesses in Virginia seeking a regional bank with a range of financial services may consider The Huntington National Bank.
9. BancorpSouth Bank
Hailing from Tupelo, Mississippi, BancorpSouth Bank secures the ninth position. With 27 loans, the bank provides an average loan amount of $254,074 at a 7.5% interest rate. BancorpSouth Bank may appeal to businesses in Virginia looking for a balance between regional focus and competitive financing terms.
10. TD Bank
TD Bank, based in Wilmington, Delaware, closes the top 10 SBA lenders in Virginia. With 24 loans, the bank offers an average loan amount of $49,654 at a 9.4% interest rate. Businesses in Virginia seeking a lender with a regional and national presence may consider TD Bank for their financing needs.
In conclusion, Virginia businesses have a diverse range of SBA lenders to choose from, each with its own strengths and offerings. Whether seeking regional community support or larger national backing, these top 10 lenders provide a variety of options for businesses in the state.
Top Industries for SBA loans in Virginia
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Full-Service Restaurants | 34 | $593,265 | 7.2% |
| 2 | Hotels (except Casino Hotels) and Motels | 30 | $2,674,817 | 6.1% |
| 3 | Limited-Service Restaurants | 23 | $458,796 | 6.9% |
| 4 | Fitness and Recreational Sports Centers | 16 | $513,300 | 8.0% |
| 5 | Landscaping Services | 14 | $245,086 | 7.6% |
| 6 | Residential Remodelers | 14 | $317,214 | 8.1% |
| 7 | Child Day Care Services | 13 | $1,706,262 | 6.6% |
| 8 | General Freight Trucking, Local | 12 | $361,833 | 7.1% |
| 9 | Beauty Salons | 12 | $227,958 | 7.8% |
| 10 | All Other Specialty Trade Contractors | 12 | $272,592 | 6.4% |
| 11 | Pet Care (except Veterinary) Services | 11 | $625,136 | 7.5% |
| 12 | Custom Computer Programming Services | 10 | $595,400 | 7.2% |
| 13 | Computer Systems Design Services | 10 | $995,710 | 8.0% |
| 14 | All Other Professional, Scientific, and Technical Services | 10 | $446,980 | 7.7% |
| 15 | General Freight Trucking, Long Distance, Truckload | 10 | $253,780 | 5.9% |
| 16 | Home Health Care Services | 10 | $474,510 | 8.6% |
| 17 | All Other Personal Services | 9 | $432,433 | 7.3% |
| 18 | Plumbing, Heating, and Air-Conditioning Contractors | 9 | $484,211 | 7.4% |
| 19 | Offices of Mental Health Practitioners (except Physicians) | 9 | $108,233 | 8.0% |
| 20 | Other Computer Related Services | 8 | $726,488 | 7.8% |
| 21 | Offices of Certified Public Accountants | 8 | $534,188 | 8.0% |
| 22 | Veterinary Services | 7 | $279,500 | 6.1% |
| 23 | Offices of Dentists | 7 | $1,684,786 | 5.1% |
| 24 | General Automotive Repair | 7 | $483,143 | 6.4% |
| 25 | Used Car Dealers | 6 | $72,500 | 9.7% |
| 26 | Snack and Nonalcoholic Beverage Bars | 6 | $298,367 | 8.0% |
| 27 | Insurance Agencies and Brokerages | 6 | $309,933 | 8.6% |
| 28 | Offices of Lawyers | 6 | $153,500 | 7.6% |
| 29 | Offices of All Other Miscellaneous Health Practitioners | 6 | $699,050 | 5.8% |
| 30 | Administrative Management and General Management Consulting Services | 5 | $813,000 | 7.0% |
| 31 | Site Preparation Contractors | 5 | $672,300 | 5.8% |
| 32 | Other Waste Collection | 5 | $124,000 | 7.4% |
| 33 | Other Personal Care Services | 5 | $60,420 | 8.2% |
| 34 | Other Accounting Services | 5 | $299,740 | 9.1% |
| 35 | Marketing Consulting Services | 5 | $214,000 | 8.4% |
| 36 | Offices of Real Estate Agents and Brokers | 4 | $267,150 | 6.3% |
| 37 | Other Scientific and Technical Consulting Services | 4 | $879,250 | 7.3% |
| 38 | Other Services to Buildings and Dwellings | 4 | $147,500 | 7.9% |
| 39 | Residential Property Managers | 4 | $150,000 | 6.0% |
| 40 | Retail Bakeries | 4 | $869,100 | 6.3% |
Top SBA Loan Franchises in Virginia
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Quality Inn | 9 | $3,305,000 | 6.2% |
| 2 | Property Management Inc. | 4 | $150,000 | 6.0% |
| 3 | Days Inn | 4 | $1,753,500 | 6.3% |
| 4 | Super 8 | 4 | $1,722,625 | 6.6% |
| 5 | The Goddard School | 3 | $2,301,333 | 4.1% |
| 6 | Firehouse Subs | 3 | $194,667 | 6.3% |
| 7 | Elements Massage | 3 | $25,000 | 8.2% |
| 8 | Red Roof Inn | 2 | $2,067,500 | 6.0% |
| 9 | I.M.DRIPBaR | 2 | $210,000 | 6.3% |
| 10 | EverLine Coatings and Services | 2 | $174,000 | 9.0% |
| 11 | Pool Scouts | 2 | $140,000 | 6.0% |
| 12 | Zoom Drain | 2 | $155,000 | 9.8% |
| 13 | Junk Shot | 2 | $150,000 | 7.5% |
| 14 | Sam the Concrete Man | 2 | $150,000 | 9.8% |
| 15 | American Family Care/Doctors E | 2 | $757,500 | 6.0% |
| 16 | AdvantaClean | 2 | $150,000 | 7.5% |
| 17 | Pro-Lift Doors | 2 | $75,000 | 5.6% |
| 18 | JDog Junk Removal & Hauling | 2 | $150,000 | 6.3% |
| 19 | HomeTeam Inspection Service | 2 | $150,000 | 9.8% |
| 20 | Hampton Inn | 2 | $4,166,000 | 6.3% |
| 21 | HouseMaster | 2 | $150,000 | 6.0% |
| 22 | Restore Cryotherapy | 2 | $1,065,950 | 6.4% |
| 23 | Celebree School | 2 | $1,351,450 | 6.1% |
| 24 | Burn Boot Camp | 2 | $432,950 | 5.9% |
| 25 | Elite Home Fitness | 2 | $290,000 | 8.8% |
| 26 | Comfort Inn | 2 | $5,000,000 | 5.0% |
| 27 | Stretch Lab | 2 | $155,000 | 9.8% |
| 28 | The Camp Transformation Center | 2 | $150,000 | 8.3% |
| 29 | College Hunks Hauling Junk | 2 | $154,000 | 6.0% |
| 30 | BrightStar Care | 2 | $515,000 | 9.5% |
| 31 | Econo Lodge | 2 | $1,255,000 | 5.3% |
| 32 | RockBox Fitness | 2 | $249,750 | 9.5% |
Top Virginia SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | GLOBAL FOOD GROUP INC. | Roanoke, VA | Limited-Service Restaurants | $2.5M – $5M | 5.8% | 270 |
| 2 | CROSS UNDERGROUND DEVELOPMENT | Virginia Beach, VA | Other Heavy and Civil Engineering Construction | $500K – $1M | 7.0% | 152 |
| 3 | ANNOVEX PHARMA INC. | Lorton, VA | Offices of All Other Miscellaneous Health Practitioners | $1M – $2.5M | 6.0% | 148 |
| 4 | A PLUS SPORTS LLC | Burke, VA | Fitness and Recreational Sports Centers | $2.5M – $5M | 4.5% | 138 |
| 5 | SWEATWORKS LLC | Arlington, VA | Custom Computer Programming Services | $1M – $2.5M | 9.3% | 130 |
| 6 | DIGITAL 1 ENTERPRISES INC | Lynchburg, VA | Other Computer Related Services | $500K – $1M | 6.0% | 125 |
| 7 | LONE JACK HOLDINGS INC. | Fairfax, VA | Home Health Care Services | $500K – $1M | 9.5% | 120 |
| 8 | SCHWEIKER PARTNERS LLC | Roanoke, VA | Limited-Service Restaurants | $500K – $1M | 5.5% | 111 |
| 9 | GAHTS LTD | Great Falls, VA | Residential Mental Retardation Facilities | $1M – $2.5M | 6.0% | 102 |
| 10 | DYNAMIC SCIENCE INC. | Chesapeake, VA | Air Traffic Control | $500K – $1M | 7.0% | 91 |
| 11 | ATCSI LLC | Virginia Beach, VA | Air Traffic Control | $1M – $2.5M | 7.3% | 91 |
| 12 | OASIS PLANTSCAPING LLC | Sterling, VA | Landscaping Services | $250K – $500K | 9.0% | 88 |
| 13 | MOCKINGBIRD LANE VENTURES LLC | Chesapeake, VA | Amusement and Theme Parks | $1M – $2.5M | 9.8% | 87 |
| 14 | FOSTER CONSULTING INC. | Alexandria, VA | Marketing Consulting Services | $250K – $500K | 7.1% | 86 |
| 15 | SAM NEW VISIONS LLC | Virginia Beach, VA | Supermarkets and Other Grocery (except Convenience) Stores | $2.5M – $5M | 4.5% | 84 |
| 16 | GLOBAL HEALTHCARE AGENCY LLC | Stafford, VA | Home Health Care Services | $250K – $500K | 7.5% | 80 |
| 17 | SPIG INDUSTRY LLC | Bristol, VA | Sheet Metal Work Manufacturing | $2.5M – $5M | 9.0% | 80 |
| 18 | HACKERS LLC | Virginia Beach, VA | Full-Service Restaurants | $2.5M – $5M | 9.0% | 76 |
| 19 | RENAISSANCE CHRYSLER DODGE JEE | Altavista, VA | New Car Dealers | $2.5M – $5M | 5.8% | 73 |
| 20 | JULA’S ON THE POTOMAC INC. | Alexandria, VA | Full-Service Restaurants | $500K – $1M | 7.8% | 72 |
| 21 | HARVEST GORDONSVILLE LLC | Zion Crossroads, VA | Full-Service Restaurants | $1M – $2.5M | 5.5% | 68 |
| 22 | OASIS HH OPERATIONS LLC | Ashburn, VA | Home Health Care Services | $500K – $1M | 5.8% | 65 |
| 23 | VOH APOLLO I LLC | Alexandria, VA | Child Day Care Services | $1M – $2.5M | 6.3% | 63 |
| 24 | MCALLISTER MILLS INC. | Independence, VA | Narrow Fabric Mills and Schiffli Machine Embroidery | $250K or less | 5.0% | 62 |
| 25 | SRTL LLC | Midlothian, VA | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 7.9% | 62 |
| 26 | LOBOS CONSTRUCTION BROTHERS LL | Fredericksburg, VA | Residential Remodelers | $250K or less | 8.0% | 60 |
| 27 | COURTHOUSE PRESCHOOL INC. | Virginia Beach, VA | Elementary and Secondary Schools | $500K – $1M | 6.0% | 60 |
| 28 | RENNER AND COMPANY CPA P.C. | Alexandria, VA | Offices of Certified Public Accountants | $1M – $2.5M | 8.0% | 60 |
| 29 | KNL HOLDINGS LLC | Raven, VA | Site Preparation Contractors | $1M – $2.5M | 7.8% | 56 |
| 30 | SQUALI LLC | Ashburn, VA | Limited-Service Restaurants | $250K or less | 8.3% | 53 |
| 31 | NEWGUARD PLASTIC CARDS LLC | Rocky Mount, VA | All Other Plastics Product Manufacturing | $2.5M – $5M | 9.3% | 53 |
| 32 | SELWAY CORPORATION | Gainesville, VA | Fitness and Recreational Sports Centers | $250K or less | 9.8% | 52 |
| 33 | GIBBONS RESTAURANTS INC | Chester, VA | Full-Service Restaurants | $500K – $1M | 6.8% | 52 |
| 34 | RAINBOW INTERNATIONAL OF RICHM | Rockville, VA | All Other Personal Services | $250K – $500K | 7.8% | 50 |
| 35 | DCKCHC LLC | Falls Church, VA | Child Day Care Services | $500K – $1M | 4.5% | 50 |
| 36 | ORION’S HARP LLC | Arlington, VA | Couriers | $500K – $1M | 3.2% | 50 |
| 37 | NEW CENTURY FOOD CORPORATION | Lorton, VA | Food Service Contractors | $1M – $2.5M | 7.1% | 50 |
| 38 | HAMPTON ROADS HOLDINGS INC. | Leesburg, VA | Wineries | $1M – $2.5M | 8.0% | 45 |
| 39 | EMH OF GREATER RICHMOND LLC | Richmond, VA | Outpatient Mental Health and Substance Abuse Centers | $250K – $500K | 9.8% | 43 |
| 40 | SV PROFESSIONALS LLC | Herndon, VA | Other Computer Related Services | $250K or less | 10.0% | 41 |
| 41 | RAIS POUR HOUSE LLC | Sterling, VA | Full-Service Restaurants | $500K – $1M | 6.3% | 40 |
| 42 | 2525 LTD | Richmond, VA | Full-Service Restaurants | $500K – $1M | 7.0% | 40 |
| 43 | NIYAN HOME HEALTHCARE LLC | Ashburn, VA | Home Health Care Services | $500K – $1M | 9.0% | 40 |
| 44 | US INFRA REHAB SERVICES LLC | Richmond, VA | Water and Sewer Line and Related Structures Construction | $500K – $1M | 6.4% | 40 |
| 45 | AMERICAN GREATEST CARE LLC | Woodbridge, VA | Specialty (except Psychiatric and Substance Abuse) Hospitals | $500K – $1M | 6.0% | 40 |
| 46 | MY NEXT PUPPY LTD | Chantilly, VA | $2.5M – $5M | 6.3% | 40 | |
| 47 | S&G CAPITAL LLC | Leesburg, VA | Snack and Nonalcoholic Beverage Bars | $250K or less | 6.3% | 39 |
| 48 | COASTAL ANIMAL REFERRAL EMERGE | Williamsburg, VA | Veterinary Services | $500K – $1M | 4.4% | 38 |
| 49 | JAMES RESTAURANT INC | Midlothian, VA | Full-Service Restaurants | $500K – $1M | 5.5% | 38 |
| 50 | DYNAMIC GYMNASTICS LLC | Falls Church, VA | Sports and Recreation Instruction | $1M – $2.5M | 8.1% | 38 |
| 51 | TCG DNV REAL ESTATE LLC | Danville, VA | Funeral Homes and Funeral Services | $1M – $2.5M | 7.0% | 36 |
| 52 | SAGEON LLC | Ashland, VA | Child Day Care Services | $2.5M – $5M | 8.5% | 36 |
| 53 | LEOBRUMA LLC | Virginia Beach, VA | All Other Personal Services | $500K – $1M | 7.5% | 35 |
| 54 | ARRYA LLC | Richmond, VA | Agents and Managers for Artists, Athletes, Entertainers, and Other Pub | $1M – $2.5M | 7.5% | 35 |
| 55 | CN STONE RIDGE LLC | Chantilly, VA | Computer Training | $250K or less | 6.0% | 34 |
| 56 | KINGSTON INVESTMENTS LLC | Springfield, VA | Other Scientific and Technical Consulting Services | $500K – $1M | 6.0% | 34 |
| 57 | JMLP VIRGINIA LLC | Elkton, VA | Solid Waste Collection | $500K – $1M | 5.4% | 34 |
| 58 | END TO END ENTERPRISE SOLUTION | Alexandria, VA | Administrative Management and General Management Consulting Services | $500K – $1M | 6.8% | 34 |
| 59 | SKIN LOGIC LLC | Sterling, VA | Beauty Salons | $250K – $500K | 7.5% | 33 |
| 60 | WILLOW ANIMAL HOSPITAL LLC | Warrenton, VA | Veterinary Services | $250K – $500K | 6.0% | 33 |
| 61 | RAPPAHANNOCK CAKE COMPANY LLC | Fredericksburg, VA | Retail Bakeries | $500K – $1M | 8.0% | 33 |
| 62 | ARENA LOGISTICS GREENSBORO IN | Richmond, VA | Couriers | $500K – $1M | 6.0% | 33 |
| 63 | ARTER VENTURES INC. | Alexandria, VA | Fitness and Recreational Sports Centers | $250K or less | 9.5% | 32 |
| 64 | FIVE-FOUR-ZERO VOLLEYBALL ACAD | Spotsylvania, VA | Sports Teams and Clubs | $250K or less | 6.0% | 31 |
| 65 | CELEBIC TRUCKING INC. | Chantilly, VA | Couriers | $1M – $2.5M | 7.5% | 31 |
| 66 | FRANKLIN & TOPHER LLC | Henrico, VA | Offices of Mental Health Practitioners (except Physicians) | $250K or less | 12.0% | 30 |
| 67 | TLJ CHANTILLY LLC | Chantilly, VA | Limited-Service Restaurants | $250K or less | 6.0% | 30 |
| 68 | DB NOVA LLC | Reston, VA | Beauty Salons | $500K – $1M | 5.8% | 30 |
| 69 | WATERS EDGE WINERY & BISTRO | Norfolk, VA | Drinking Places (Alcoholic Beverages) | $1M – $2.5M | 6.3% | 30 |
| 70 | NORTH STAR 412 INC | Norton, VA | Limited-Service Restaurants | $1M – $2.5M | 5.2% | 30 |
| 71 | CHILDREN’S LIGHTHOUSE OF CHANT | Chantilly, VA | Child Day Care Services | $2.5M – $5M | 5.3% | 30 |
| 72 | PUZUKAN INC. | Falls Church, VA | Full-Service Restaurants | $250K – $500K | 5.5% | 29 |
| 73 | LOKEY ENTERPRISES LLC | Elkton, VA | General Freight Trucking, Local | $250K or less | 6.0% | 28 |
| 74 | BRAZEN VENTURES LLC | Virginia Beach, VA | Other Building Finishing Contractors | $250K or less | 9.0% | 28 |
| 75 | GAME ON LLC | Crozet, VA | Educational Support Services | $250K – $500K | 9.0% | 28 |
| 76 | A1 LLC | Ashburn, VA | Other Personal Care Services | $250K or less | 8.0% | 27 |
| 77 | FLORELL ENTERPRISES LLC | Herndon, VA | Commercial Bakeries | $250K – $500K | 8.3% | 27 |
| 78 | BMK VENTURES INC | Virginia Beach, VA | Other Miscellaneous Durable Goods Merchant Wholesalers | $500K – $1M | 6.3% | 27 |
| 79 | CNK ENDEAVORS INCORPORATED | Bristol, VA | $500K – $1M | 8.0% | 27 | |
| 80 | K & T INVESTMENT GROUP INC. | Blacksburg, VA | Full-Service Restaurants | $500K – $1M | 8.3% | 27 |
| 81 | CELEBREE SCHOOL OF RESTON | Reston, VA | Child Day Care Services | $1M – $2.5M | 6.0% | 27 |
| 82 | BMK VENTURES INC. | Virginia Beach, VA | Other Miscellaneous Durable Goods Merchant Wholesalers | $1M – $2.5M | 6.3% | 27 |
| 83 | STASS CORP. | Midlothian, VA | Child Day Care Services | $2.5M – $5M | 6.2% | 27 |
| 84 | ROSSY INSURANCE AGENCY INC. | Fairfax, VA | Insurance Agencies and Brokerages | $250K or less | 10.5% | 26 |
| 85 | J&L HERMES SUPPLY LLC. | Virginia Beach, VA | Soap and Other Detergent Manufacturing | $250K or less | 6.0% | 26 |
| 86 | DIESEL SERVICES LLC | Fredericksburg, VA | Plumbing, Heating, and Air-Conditioning Contractors | $500K – $1M | 6.8% | 26 |
| 87 | DIAMONDBACK TOOL CO. INC. | Charlottesville, VA | Hardware Merchant Wholesalers | $1M – $2.5M | 6.0% | 26 |
| 88 | INTER-CHROME DENTAL LAB LLC | Chesapeake, VA | Dental Laboratories | $1M – $2.5M | 6.5% | 26 |
| 89 | B AND G MARINE SERVICES LLC | Lancaster, VA | Offices of Other Holding Companies | $2.5M – $5M | 6.0% | 26 |
| 90 | CFN SERVICES INC. | Reston, VA | Computer Systems Design Services | $2.5M – $5M | 8.3% | 26 |
| 91 | OLDE TOWNE SCHOOL FOR DOGS LL | Alexandria, VA | Pet Care (except Veterinary) Services | $500K – $1M | 8.6% | 25 |
| 92 | DOGTOPIA OF FAIRFAX CITY | Fairfax, VA | Pet Care (except Veterinary) Services | $1M – $2.5M | 5.8% | 25 |
| 93 | SHORELINE INDUSTRIES INCORPORA | Portsmouth, VA | Structural Steel and Precast Concrete Contractors | $1M – $2.5M | 7.8% | 25 |
| 94 | WONDER YEARS LLC | Henrico, VA | Child Day Care Services | $2.5M – $5M | 1.5% | 25 |
| 95 | MAPLEWOOD COFFEE ROASTERS INC. | Chantilly, VA | Limited-Service Restaurants | $250K or less | 7.3% | 24 |
| 96 | DOG ‘N’ BUTTERFLY LLC | Staunton, VA | Pet Care (except Veterinary) Services | $250K or less | 8.5% | 24 |
| 97 | CAST IRON CRAFT HOUSE LLC | Warrenton, VA | Full-Service Restaurants | $250K – $500K | 6.8% | 24 |
| 98 | SAFE & SOUND CAR AUDIO AND SEC | Manassas, VA | Automotive Parts and Accessories Stores | $500K – $1M | 7.5% | 24 |
| 99 | RIVER DISTRICT GOLF & SOCIAL | Danville, VA | Full-Service Restaurants | $1M – $2.5M | 8.3% | 24 |
| 100 | BROWNSVILLE MARKET LLC | Crozet, VA | Gasoline Stations with Convenience Stores | $1M – $2.5M | 5.8% | 24 |
Note about SBA lenders near me in Virginia
When it comes to top Virginia SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Virginia preferred lender list, 2) approved lenders in Virginia, or 3) active participants in the Virginia SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Virginia swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Virginia, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.