SBA Lenders in Virginia
40 active SBA lenders · 1,748 loans approved · $1.3B total volume
All SBA Lenders in Virginia
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Capital One, National Association | MCLEAN | 320 | $323.1M | $1.0M | ⭐ |
| First Community Bank | BLUEFIELD | 249 | $97.1M | $390K | ⭐ |
| Atlantic Union Bank | RICHMOND | 208 | $162.3M | $780K | ⭐ |
| The First Bank and Trust Company | LEBANON | 207 | $142.4M | $688K | ⭐ |
| Blue Ridge Bank National Association | Martinsville | 106 | $111.5M | $1.1M | ⭐ |
| Bank of Clarke | BERRYVILLE | 101 | $91.3M | $903K | ⭐ |
| Primis Bank | TAPPAHANNOCK | 63 | $51.2M | $813K | ⭐ |
| United Bank | FAIRFAX | 63 | $88.3M | $1.4M | ⭐ |
| John Marshall Bank | RESTON | 55 | $27.2M | $494K | ⭐ |
| TowneBank | PORTSMOUTH | 44 | $41.9M | $951K | ⭐ |
| The Freedom Bank of Virginia | Fairfax | 42 | $44.7M | $1.1M | ⭐ |
| BayPort Federal Credit Union | NEWPORT NEWS | 31 | $3.6M | $117K | — |
| Skyline National Bank | INDEPENDENCE | 30 | $4.5M | $149K | — |
| Select Bank | FOREST | 29 | $11.0M | $381K | ⭐ |
| Virginia National Bank | CHARLOTTESVILLE | 28 | $9.9M | $353K | — |
| MainStreet Bank | FAIRFAX | 21 | $9.4M | $446K | ⭐ |
| Farmers & Merchants Bank | TIMBERVILLE | 16 | $2.7M | $168K | — |
| Freedom First Federal Credit Union | Roanoke | 13 | $1.7M | $129K | — |
| New Horizon Bank, National Association | POWHATAN | 11 | $2.1M | $191K | — |
| HSBC Bank USA National Association | Tysons | 11 | $15.2M | $1.4M | ⭐ |
| University of Virginia Community Credit Union Inc | Charlottesville | 11 | $1.7M | $157K | — |
| Central Virginia Federal Credit Union | Lynchburg | 11 | $734K | $67K | — |
| Locus Bank Inc | RICHMOND | 10 | $2.7M | $272K | ⭐ |
| Powell Valley National Bank | JONESVILLE | 8 | $1.9M | $242K | — |
| The National Bank of Blacksburg | BLACKSBURG | 7 | $880K | $126K | — |
| Langley FCU | NEWPORT NEWS | 7 | $1.1M | $156K | — |
| Oak View National Bank | Warrenton | 7 | $1.7M | $238K | — |
| First Bank | STRASBURG | 5 | $1.2M | $240K | — |
| First National Bank | ALTAVISTA | 5 | $1.7M | $334K | — |
| Burke & Herbert Bank & Trust Company | ALEXANDRIA | 5 | $2.0M | $407K | — |
| Pioneer Bank | STANLEY | 5 | $1.6M | $330K | — |
| Northwest FCU | HERNDON | 3 | $5.1M | $1.7M | — |
| Arlington Community FCU | FALLS CHURCH | 3 | $820K | $273K | — |
| DuPont Community Credit Union | Waynesboro | 3 | $1.1M | $351K | — |
| Navy FCU | VIENNA | 3 | $305K | $102K | — |
| Business Finance Group, Inc. | Fairfax | 3 | $430K | $143K | — |
| Bank of Botetourt | BUCHANAN | 1 | $774K | $774K | — |
| FVCbank | FAIRFAX | 1 | $1.9M | $1.9M | — |
| Carter Bank & Trust | Martinsville | 1 | $500K | $500K | — |
| Park View FCU | HARRISONBURG | 1 | $100K | $100K | — |
Finding an SBA Lender in Virginia
There are currently 40 SBA-approved lenders headquartered in Virginia, ranging from national banks to local community lenders. Together they have approved 1,748 SBA 7(a) loans totaling $1.3B since 2020.
Of these, 15 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Virginia
How many SBA lenders are in Virginia?
There are currently 40 SBA-approved lenders headquartered in Virginia. Together they have approved 1,748 SBA 7(a) loans totaling $1.3B since 2020. Of these, 15 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Virginia?
An SBA Preferred Lender (PLP) in Virginia is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Virginia currently has 15 Preferred Lenders.
How do I choose the best SBA lender in Virginia?
When choosing an SBA lender in Virginia, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 40 Virginia lenders so you can compare objectively.
How long does SBA loan approval take in Virginia?
With an SBA Preferred Lender in Virginia, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.