Best SBA Lenders in Fredericksburg, VA (2026)
2025 FOIA data: top lenders, rates & industries for Fredericksburg SBA loans
SBA Loans in Fredericksburg, Virginia
Looking for an SBA loan in Fredericksburg, Virginia? Based on 2025 FOIA data, 58 SBA 7(a) loans were funded in Fredericksburg totaling $37.1M, supporting an estimated 981 jobs. With 24 active lenders competing for business in the Fredericksburg market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Fredericksburg is $639K at an average rate of 10.44%. The top lender in Fredericksburg is Truliant FCU, with the most-funded industry being Hardware Merchant Wholesalers. See all Virginia SBA lenders for statewide rankings.
SBA Loans in Fredericksburg by Business Type
Whether you’re starting a new business in Fredericksburg, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 28% of SBA loans in Fredericksburg (16 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 15% (3 loans) — if you’re looking to buy a business in Fredericksburg, this is a proven use case for SBA financing. Existing businesses make up 50% and typically receive the most favorable terms.
Top SBA Lenders in Fredericksburg, VA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Fredericksburg businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Truliant FCU | $5.6M | 3 | 10.08% |
| 2 | Live Oak Banking Company | $5.2M | 2 | 8.75% |
| 3 | Truist Bank | $5.0M | 1 | 8.75% |
| 4 | Newtek Bank, National Association | $4.6M | 8 | 12.09% |
| 5 | Readycap Lending, LLC | $3.9M | 2 | 9.75% |
| 6 | The Huntington National Bank | $2.5M | 9 | 10.31% |
| 7 | Bank of America, National Association | $1.4M | 3 | 7.87% |
| 8 | Northeast Bank | $1.2M | 7 | 10.79% |
| 9 | First Community Bank | $972K | 1 | 6.75% |
| 10 | Mechanics and Farmers Bank | $914K | 1 | 10.5% |
The top lenders in Fredericksburg have direct experience with local businesses and understand the Fredericksburg market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Fredericksburg and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Fredericksburg
One 5-minute application. 24+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Fredericksburg
These are the industries that received the most SBA 7(a) funding in Fredericksburg in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Hardware Merchant Wholesalers | 1 | $5.0M |
| RV (Recreational Vehicle) Parks and Campgrounds | 1 | $4.2M |
| Hotels (except Casino Hotels) and Motels | 1 | $3.7M |
| Other Computer Related Services | 1 | $2.5M |
| Used Car Dealers | 3 | $1.9M |
| Limited-Service Restaurants | 2 | $1.6M |
| Fitness and Recreational Sports Centers | 1 | $1.5M |
| Full-Service Restaurants | 1 | $1.2M |
| Pet Care (except Veterinary) Services | 1 | $1.0M |
| Home Health Care Services | 5 | $1.0M |
Lenders with experience funding your specific industry in Fredericksburg understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Fredericksburg
Option 1: Apply directly to one of the top Fredericksburg lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Fredericksburg-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
