Top SBA Lenders in Virginia for Other Services
5 SBA 7(a) lenders active in Virginia's other services sector.
Lenders
18 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Other Services Lenders in Virginia
Rate Distribution (Other Services in Virginia)
All Other Services Lenders in Virginia
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 5 | $5.7M | P+1.50% | 0.8% |
| 2 | First Bank of the Lake | 4 | $12.5M | P+2.50% | 0.7% |
| 3 | First Internet Bank of Indiana | 3 | $11.0M | P+2.75% | 1.7% |
| 4 | Bank of Charles Town | 3 | $1.1M | P+3.00% | 0.0% |
| 5 | Manufacturers and Traders Trust Company | 3 | $947K | P+2.25% | 0.3% |
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Customize your search →Other Services SBA Lending in Virginia
5 SBA 7(a) lenders are active in Virginia's other services sector, having originated 18 loans totaling $31.2M. The median rate for other services acquisitions in Virginia is Prime + 2.50%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 0.8%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in other services in Virginia?
5 SBA 7(a) lenders have originated other services acquisition loans in Virginia, with a combined 18 loans.
What rate can I expect for a other services acquisition in Virginia?
The median rate is Prime + 2.50% (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 other services SBA loans in Virginia?
The 10-year cumulative default rate is 0.8%, 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.