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
487
2010–2026
Total Volume
$272M
Gross loan amounts
States Active
7
With recorded loans
Programs
7(a) & 504
486 total segments
TowneBank has a strong focus on 504 loans, making up 72% of their total SBA deals. This is significantly higher than the national average of around 18%. If you're looking to finance real estate or large equipment, this lender could be a great fit.
With an average 7(a) spread of P+2.25%, TowneBank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
The majority of TowneBank's deals (81%) are for existing businesses, indicating they primarily serve established companies. If you're a startup or seeking acquisition financing, you may want to consider how this focus aligns with your needs.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 349 504 loans, which use fixed SBA debenture rates.
States where TOWNEBANK has recorded SBA lending activity.
+ 2 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Auto Repair & Maintenance
Other Services
Other Health Practitioners
Health Care & Social Assistance
Physician & Dental Offices
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Real Estate
Real Estate
+ 7 more
All recorded SBA lending activity for TOWNEBANK, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Virginia · Restaurants & Food Service · $500K – $1M | 504 | 12 | — | $628K | Q1 2023 |
| Virginia · Specialty Trade Contractors · $150K – $350K | 504 | 10 | — | $259K | Q4 2025 |
| Virginia · Specialty Trade Contractors · Under $150K | 504 | 9 | — | $96K | Q4 2025 |
| Virginia · Manufacturing · $350K – $500K | 504 | 8 | — | $428K | Q1 2025 |
| Virginia · Other Health Practitioners · $150K – $350K | 504 | 8 | — | $238K | Q3 2022 |
| Virginia · Restaurants & Food Service · $150K – $350K | 504 | 8 | — | $269K | Q4 2024 |
| Virginia · Auto Repair & Maintenance · $150K – $350K | 504 | 7 | — | $259K | Q4 2022 |
| Virginia · Physician & Dental Offices · $500K – $1M | 504 | 7 | — | $662K | Q4 2023 |
| Virginia · Restaurants & Food Service · $150K – $350K | 7(a) | 7 | P+2.50% | $216K | Q4 2023 |
| Virginia · Manufacturing · $500K – $1M | 504 | 6 | — | $737K | Q3 2024 |
| Virginia · Manufacturing · $1M – $2M | 504 | 6 | — | $1.2M | Q3 2022 |
| Virginia · Wholesale Trade · $150K – $350K | 7(a) | 6 | P+2.63% | $230K | Q2 2021 |
| Virginia · Manufacturing · $150K – $350K | 504 | 6 | — | $213K | Q3 2022 |
| Virginia · Other Health Practitioners · $150K – $350K | 7(a) | 6 | P+2.63% | $243K | Q1 2023 |
| Virginia · Specialty Trade Contractors · $350K – $500K | 504 | 6 | — | $431K | Q3 2024 |
| Virginia · Administrative & Waste Services · Under $150K | 504 | 6 | — | $96K | Q1 2024 |
| Virginia · Physician & Dental Offices · $150K – $350K | 504 | 5 | — | $241K | Q3 2022 |
| Virginia · Auto Repair & Maintenance · $350K – $500K | 504 | 5 | — | $393K | Q3 2021 |
| Virginia · Restaurants & Food Service · Under $150K | 504 | 5 | — | $123K | Q4 2022 |
| Virginia · Manufacturing · Under $150K | 504 | 5 | — | $118K | Q2 2019 |
| Virginia · Specialty Trade Contractors · $500K – $1M | 504 | 5 | — | $555K | Q1 2023 |
| Virginia · Manufacturing · Under $150K | 7(a) | 4 | P+2.63% | $126K | Q4 2021 |
| Virginia · Building Construction · $150K – $350K | 504 | 4 | — | $234K | Q3 2020 |
| Virginia · Management & IT Consulting · Under $150K | 504 | 4 | — | $107K | Q1 2021 |
| Virginia · Restaurants & Food Service · Under $150K | 7(a) | 4 | P+2.88% | $70K | Q4 2017 |
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Real experiences from borrowers who closed SBA loans with TOWNEBANK.
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