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Community bank founded in 1998 offering comprehensive financial solutions including personal and business banking, mortgages, and investments. Operating 51 offices throughout Virginia and North Carolina regions.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
stable
As Of March 31, 2026
Median
$893K
Average
$1.1M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Limited-Service Restaurants
12
loans
$908K
avg. amount
Limited-Service Restaurants
12
loans
$908K
avg
Full-Service Restaurants
11
loans
$1.2M
avg. amount
Full-Service Restaurants
11
loans
$1.2M
avg
Plumbing, Heating, and Air-Conditioning Contractors
6
loans
$1.3M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
6
loans
$1.3M
avg
Electrical Contractors and Other Wiring Installation Contractors
5
loans
$2.0M
avg. amount
Electrical Contractors and Other Wiring Installation Contractors
5
loans
$2.0M
avg
Beer, Wine, and Liquor Retailers
4
loans
$589K
avg. amount
Beer, Wine, and Liquor Retailers
4
loans
$589K
avg
General Automotive Repair
4
loans
$826K
avg. amount
General Automotive Repair
4
loans
$826K
avg
Child Care Services
4
loans
$765K
avg. amount
Child Care Services
4
loans
$765K
avg
All Other Personal Services
3
loans
$1.1M
avg. amount
All Other Personal Services
3
loans
$1.1M
avg
All Other Professional, Scientific, and Technical Services
3
loans
$1.2M
avg. amount
All Other Professional, Scientific, and Technical Services
3
loans
$1.2M
avg
All Other Specialty Trade Contractors
3
loans
$2.1M
avg. amount
All Other Specialty Trade Contractors
3
loans
$2.1M
avg
10-Year Default Rate
0.4%
Percentile Ranking
83th
83th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.69% |
| $500K-$1M | Prime + 2.51% |
| $1M-$2M | Prime + 2.55% |
| $2M-$3M | Prime + 2.31% |
| $3M-$4M | Prime + 2.05% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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