Top SBA Lenders in Virginia for Accommodation & Food Services
6 SBA 7(a) lenders active in Virginia's accommodation & food services sector.
Lenders
29 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Accommodation & Food Services Lenders in Virginia
Rate Distribution (Accommodation & Food Services in Virginia)
All Accommodation & Food Services Lenders in Virginia
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Truliant FCU | 7 | $2.3M | P+2.75% | 0.0% |
| 2 | Hanmi Bank | 7 | $4.0M | P+1.75% | 1.0% |
| 3 | PromiseOne Bank | 5 | $2.5M | P+1.50% | 1.4% |
| 4 | Bank of Clarke | 4 | $4.3M | P+2.25% | 0.0% |
| 5 | GBank | 3 | $10.4M | P+1.00% | 0.6% |
| 6 | Open Bank | 3 | $6.7M | P+1.50% | 0.9% |
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6 SBA 7(a) lenders are active in Virginia's accommodation & food services sector, having originated 29 loans totaling $30.1M. The median rate for accommodation & food services acquisitions in Virginia is Prime + 1.63%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.0%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in Virginia?
6 SBA 7(a) lenders have originated accommodation & food services acquisition loans in Virginia, with a combined 29 loans.
What rate can I expect for a accommodation & food services acquisition in Virginia?
The median rate is Prime + 1.63% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in Virginia?
The 10-year cumulative default rate is 1.0%, compared to a statewide average of 1.5%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
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.