STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
87
2016–2024
Total Volume
$28M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a) & 504
87 total segments
Most active in Virginia (100% of deals) and focuses heavily on restaurants & food service (15% of deals).
87 SBA loans worth $28.5M since FY2016, with relatively steady volume year-over-year.
A regional lender focused on 1 states, with Virginia as its primary SBA market.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 9 504 loans, which use fixed SBA debenture rates.
States where Locus Bank Inc has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Other Health Practitioners
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Auto Dealers & Parts
Retail Trade
Retail Trade
Retail Trade
Specialty Trade Contractors
Construction
+ 7 more
All recorded SBA lending activity for Locus Bank Inc, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Virginia · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.00% | $230K | Q3 2018 |
| Virginia · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+2.00% | $124K | Q3 2019 |
| Virginia · Manufacturing · $150K – $350K | 7(a) | 4 | P+1.63% | $250K | Q2 2022 |
| Virginia · Arts, Entertainment & Recreation · Under $150K | 7(a) | 4 | P+1.75% | $87K | Q2 2023 |
| Virginia · Other Health Practitioners · Under $150K | 7(a) | 4 | P+2.50% | $61K | Q4 2018 |
| Virginia · Wholesale Trade · Under $150K | 7(a) | 4 | P+1.88% | $98K | Q2 2022 |
| Virginia · Other Health Practitioners · $150K – $350K | 7(a) | 3 | P+2.25% | $263K | Q2 2023 |
| Virginia · Arts, Entertainment & Recreation · $150K – $350K | 7(a) | 3 | P+2.25% | $253K | Q2 2019 |
| Virginia · Retail Trade · Under $150K | 7(a) | 3 | P+2.25% | $92K | Q4 2018 |
| Virginia · Building Construction · Under $150K | 7(a) | 2 | P+2.00% | $38K | Q4 2017 |
| Virginia · Wholesale Trade · $500K – $1M | 7(a) | 2 | P+1.75% | $638K | Q1 2019 |
| Virginia · Auto Dealers & Parts · $150K – $350K | 7(a) | 2 | P+2.00% | $246K | Q3 2016 |
| Virginia · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.13% | $318K | Q2 2019 |
| Virginia · Manufacturing · Under $150K | 7(a) | 2 | P+1.25% | $99K | Q4 2017 |
| Virginia · Other Professional Services · $500K – $1M | 7(a) | 1 | P+2.00% | $530K | Q1 2017 |
| Virginia · Other Health Practitioners · $500K – $1M | 7(a) | 1 | P+1.25% | $596K | Q4 2018 |
| Virginia · Social Assistance · $150K – $350K | 7(a) | 1 | P+2.25% | $193K | Q2 2019 |
| Virginia · Social Assistance · $500K – $1M | 7(a) | 1 | P+1.75% | $527K | Q4 2016 |
| Virginia · Restaurants & Food Service · $350K – $500K | 7(a) | 1 | P+1.75% | $400K | Q4 2017 |
| Virginia · Auto Repair & Maintenance · Under $150K | 7(a) | 1 | P+2.00% | $100K | Q4 2018 |
| Virginia · Auto Repair & Maintenance · $150K – $350K | 7(a) | 1 | P+1.25% | $165K | Q2 2018 |
| Virginia · Auto Repair & Maintenance · $350K – $500K | 7(a) | 1 | P+2.00% | $490K | Q4 2018 |
| Virginia · Personal Care (Salons, Spas) · Under $150K | 7(a) | 1 | P+2.25% | $90K | Q2 2021 |
| Virginia · Manufacturing · $1M – $2M | 7(a) | 1 | P+1.25% | $1.3M | Q4 2019 |
| Virginia · Manufacturing · $2M – $5M | 7(a) | 1 | P+1.75% | $2.3M | Q3 2017 |
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