Best SBA 7(a) lenders in Virginia
The top SBA 7(a) lenders in Virginia by loan volume are Manufacturers and Traders Trust Company, Wells Fargo Bank National Association, Northeast Bank. Between FY2020 and Q1 FY2026 (2025-12-31), 6,081 SBA 7(a) loans totaling $3.26B were approved for businesses located in Virginia. Average loan size: $536K.
Top 15 SBA lenders in Virginia
| # | Lender | Loans in VA | Total $ |
|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 636 | $96.8M |
| 2 | Wells Fargo Bank National Association | 333 | $50.0M |
| 3 | Northeast Bank | 285 | $39.8M |
| 4 | Newtek Bank, National Association | 274 | $109.3M |
| 5 | The Huntington National Bank | 273 | $91.5M |
| 6 | Readycap Lending, LLC | 233 | $72.8M |
| 7 | Live Oak Banking Company | 227 | $296.7M |
| 8 | TD Bank, National Association | 216 | $26.3M |
| 9 | BayFirst National Bank | 204 | $37.7M |
| 10 | The First Bank and Trust Company | 143 | $96.3M |
| 11 | Newtek Small Business Finance, Inc. | 136 | $64.8M |
| 12 | Cadence Bank | 131 | $91.9M |
| 13 | United Midwest Savings Bank National Association | 129 | $48.5M |
| 14 | Bank of America, National Association | 106 | $42.4M |
| 15 | Atlantic Union Bank | 104 | $73.4M |
Top industries funded in Virginia
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 280 |
| 722513 | Limited-Service Restaurants | 243 |
| 713940 | Fitness and Recreational Sports Centers | 161 |
| 721110 | Hotels (except Casino Hotels) and Motels | 137 |
| 236118 | Residential Remodelers | 118 |
| 624410 | Child Day Care Services | 115 |
| 811111 | General Automotive Repair | 105 |
| 812112 | Beauty Salons | 104 |
| 541511 | Custom Computer Programming Services | 102 |
| 621610 | Home Health Care Services | 102 |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to project state = VA.