SBA Lenders in Virginia
Top lenders ranked by real SBA lending data. See who's most active in Virginia across deal count, loan size, and pricing.
What Borrowers Should Know
Virginia's median 7(a) spread of P+2.40% is 35 basis points below the national median of P+2.75%, meaning borrowers here pay measurably less interest on SBA loans. This pricing advantage suggests either stronger competition among the 217 active lenders or a healthier borrower pool that allows lenders to price more aggressively.
The top 5 lenders account for 812 of Virginia's 2,639 total deals (31%), but no single lender dominates—Manufacturers and Traders Trust Company leads with only 241 deals. This fragmented market means you have genuine alternatives and won't face a single-lender bottleneck when applying.
Virginia's average deal size of $414,332 is notably lean relative to the state's $1.093B total volume, suggesting the SBA lending market here serves many micro and small businesses. If your loan request falls between $250K–$600K, you'll be in the mainstream of what Virginia lenders actively process.
Total SBA Loans
2,639
Active Lenders
179
Avg Deal Size
$414K
Total Volume
$1.1B
Top 10 Lenders in Virginia
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | Bank | 246 | $152K | P + 2.00%GOOD | |
| 2 | Truist Bank | Bank | 219 | $355K | P + 2.00%GOOD | |
| 3 | Wells Fargo Bank National Association | Bank | 198 | $150K | P + 2.75%AVERAGE | |
| 4 | Business Finance Group, Inc. | Bank | 160 | $592K | P + 3.25%ABOVE AVG | |
| 5 | 504 Capital Corporation | CDC/504 | 116 | $421K | — | |
| 6 | Atlantic Union Bank | Bank | 116 | $337K | P + 2.44%AVERAGE | |
| 7 | TD Bank, National Association | Bank | 86 | $108K | P + 3.38%ABOVE AVG | |
| 8 | TOWNEBANK | Bank | 77 | $551K | P + 2.50%AVERAGE | |
| 9 | Primis Bank | Bank | 72 | $407K | P + 2.50%AVERAGE | |
| 10 | Northeast Bank | Bank | 68 | $137K | P + 2.75%AVERAGE |
Top Industries in Virginia
SBA lending activity by industry segment.