Top SBA Acquisition Lenders in Virginia
50 active SBA 7(a) lenders in Virginia, ranked by acquisition loan count.
Lenders
in Virginia
Total Volume
Median Rate
Median Loan Size
Top Lenders in Virginia
Lending by Industry in Virginia
Covers the 93 of 164 Virginia loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Virginia
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Truliant FCU | 18 | $24.5M | P+2.75% | 0.0% |
| 2 | Live Oak Bank | 14 | $21.5M | P+1.50% | 0.8% |
| 3 | Hanmi Bank | 9 | $5.5M | P+1.75% | 1.0% |
| 4 | Byline Bank | 8 | $6.9M | P+2.75% | 1.5% |
| 5 | Manufacturers and Traders Trust Company | 7 | $10.9M | P+2.25% | 1.0% |
| 6 | Bank of Clarke | 6 | $5.7M | P+2.25% | 0.0% |
| 7 | GBank | 5 | $14.3M | P+1.00% | 0.6% |
| 8 | First-Citizens Bank & Trust Company | 5 | $13.9M | P+2.00% | 3.3% |
| 9 | Capital Bank, National Association | 5 | $5.2M | P+2.75% | 6.0% |
| 10 | The Huntington National Bank | 5 | $12.6M | P+2.25% | 1.7% |
| 11 | PromiseOne Bank | 5 | $2.5M | P+1.50% | 1.4% |
| 12 | Bank of Oak Ridge | 5 | $5.8M | P+2.00% | 0.0% |
| 13 | First Bank of the Lake | 4 | $12.5M | P+2.50% | 0.7% |
| 14 | Bank of America, National Association | 4 | $1.9M | P+0.00% | 0.0% |
| 15 | Readycap Lending, LLC | 4 | $9.6M | P+1.50% | 2.8% |
| 16 | Select Bank | 3 | $800K | P+2.75% | 0.0% |
| 17 | Open Bank | 3 | $6.7M | P+1.50% | 0.9% |
| 18 | First Internet Bank of Indiana | 3 | $11.0M | P+2.75% | 1.7% |
| 19 | Bank of Charles Town | 3 | $1.1M | P+3.00% | 0.0% |
| 20 | Brookline Bank | 3 | $5.7M | P+2.25% | 0.8% |
| 21 | First Business Bank | 2 | $4.0M | P+2.50% | 3.4% |
| 22 | The Bancorp Bank National Association | 2 | $1.6M | P+1.00% | 0.7% |
| 23 | Woori America Bank | 2 | $300K | P+1.75% | 2.1% |
| 24 | TowneBank | 2 | $1.4M | P+2.75% | 0.4% |
| 25 | Pathward National Association | 2 | $9.9M | P+2.25% | 9.8% |
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Customize your search →SBA 7(a) Lending in Virginia
Virginia has 50 active SBA 7(a) acquisition lenders that have originated a combined 164 loans totaling $230.3M in volume. The median acquisition loan size in Virginia is $918K, with a median interest rate of Prime + 2.25% (Prime + spread).
When evaluating SBA lenders in Virginia, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Virginia?
There are currently 50 active SBA 7(a) lenders in Virginia based on FOIA lending data. These lenders have originated 164 acquisition loans.
What is the typical SBA loan rate in Virginia?
The median SBA 7(a) acquisition loan rate in Virginia is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.