SBA Lenders Actively Funding Businesses in Virginia

Since 2020, 304 different SBA lenders have approved8,555 loans for businesses in Virginia. The table below ranks the most active by loans actually made in the state, not by advertising budget. A lender headquartered elsewhere that funds heavily in Virginiabeats a local name that rarely writes SBA loans.

Most active SBA lenders in Virginia

Lender	VA loans since 2020	Median loan	Median rate
Business Finance Group, Inc.	893	$463K	n/a
Manufacturers and Traders Trust Company	648	$50K	10.49%
504 Capital Corporation	530	$408K	n/a
The Huntington National Bank	390	$95K	9.5%
Wells Fargo Bank National Association	314	$15K	9.75%
TowneBank	264	$514K	n/a
Live Oak Banking Company	238	$785K	8.35%
Readycap Lending, LLC	210	$150K	11.25%
Newtek Bank, National Association	205	$200K	11.25%
TD Bank, National Association	194	$50K	10.55%
BayFirst National Bank	189	$150K	12.25%
Rappahannock Economic Development Corporation	185	$428K	n/a
Northeast Bank	164	$103K	10.75%
United Midwest Savings Bank National Association	130	$150K	9.75%
Truist Bank	105	$660K	n/a
Atlantic Union Bank	98	$489K	9.25%
Celtic Bank Corporation	95	$150K	10.25%
Bank of America, National Association	92	$332K	6.5%
Truist Bank	91	$598K	6%
TowneBank	80	$624K	9%
SouthState Bank, National Association	75	$350K	9%
First National Bank of Pennsylvania	75	$627K	8.65%
First Community Bank	75	$298K	7.5%
PNC Bank, National Association	66	$50K	9.4%
Fulton Bank, National Association	64	$450K	9.5%

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Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records. Loan counts reflect projects located in Virginia. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.