Top SBA Lenders in Virginia for Construction
4 SBA 7(a) lenders active in Virginia's construction sector.
Lenders
15 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Construction Lenders in Virginia
Rate Distribution (Construction in Virginia)
All Construction Lenders in Virginia
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 5 | $12.6M | P+2.25% | 1.7% |
| 2 | Manufacturers and Traders Trust Company | 4 | $9.7M | P+2.25% | 1.0% |
| 3 | Bank of Clarke | 3 | $2.1M | P+2.00% | 0.0% |
| 4 | Truliant FCU | 3 | $7.0M | P+2.75% | 0.0% |
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Customize your search →Construction SBA Lending in Virginia
4 SBA 7(a) lenders are active in Virginia's construction sector, having originated 15 loans totaling $31.4M. The median rate for construction acquisitions in Virginia is Prime + 2.25%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.3%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in construction in Virginia?
4 SBA 7(a) lenders have originated construction acquisition loans in Virginia, with a combined 15 loans.
What rate can I expect for a construction acquisition in Virginia?
The median rate is Prime + 2.25% (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 construction SBA loans in Virginia?
The 10-year cumulative default rate is 1.3%, 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.