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Select Bank

FOREST, VA 24551

⭐ SBA Preferred Lender
29
Loans Approved
$11.0M
Total Volume
$381K
Avg Loan Size
2
States Served

States Served

North CarolinaVirginia

Top Industries Financed

  • All Other Miscellaneous Fabricated Metal Product Manufacturing
  • Homes for the Elderly
  • Other Commercial and Industrial Machinery and Equipment Rental and Lea
  • Medical Laboratories
  • Full-Service Restaurants

Quick Summary

Select Bank is an SBA-approved lender headquartered in FOREST, Virginia. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 29 SBA 7(a) loans totaling $11.0M, with an average loan size of $381K. They serve businesses across 2 states.

About Select Bank

Select Bank is an SBA-approved lender headquartered in FOREST, Virginia. Since 2020, they have approved 29 SBA 7(a) loans totaling $11.0M, with an average loan size of $381K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Select Bank an SBA Preferred Lender?

Yes, Select Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Select Bank approved?

According to SBA FOIA public records, Select Bank has approved 29 SBA 7(a) loans totaling $11.0M since 2020. Their average loan size is $381K.

What states does Select Bank serve?

Select Bank serves businesses in 2 states: North Carolina, Virginia.

How do I apply for an SBA loan with Select Bank?

To apply for an SBA 7(a) loan with Select Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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