Best SBA Lenders in Midlothian, VA (2026)
2025 FOIA data: top lenders, rates & industries for Midlothian SBA loans
SBA Loans in Midlothian, Virginia
Looking for an SBA loan in Midlothian, Virginia? Based on 2025 FOIA data, 28 SBA 7(a) loans were funded in Midlothian totaling $16.8M, supporting an estimated 280 jobs. With 16 active lenders competing for business in the Midlothian market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Midlothian is $601K at an average rate of 10.12%. The top lender in Midlothian is Live Oak Banking Company, with the most-funded industry being Homes for the Elderly. See all Virginia SBA lenders for statewide rankings.
SBA Loans in Midlothian by Business Type
Whether you’re starting a new business in Midlothian, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 51% of SBA loans in Midlothian (13 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 30% (2 loans) — if you’re looking to buy a business in Midlothian, this is a proven use case for SBA financing. Existing businesses make up 15% and typically receive the most favorable terms.
Top SBA Lenders in Midlothian, VA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Midlothian businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | $8.6M | 3 | 9.25% |
| 2 | First-Citizens Bank & Trust Company | $2.8M | 3 | 9.33% |
| 3 | Potomac Bank | $684K | 1 | 9.25% |
| 4 | First Bank of the Lake | $660K | 2 | 10.12% |
| 5 | The Huntington National Bank | $548K | 2 | 10% |
| 6 | Manufacturers and Traders Trust Company | $510K | 4 | 10% |
| 7 | SouthState Bank, National Association | $500K | 1 | 10.75% |
| 8 | Readycap Lending, LLC | $500K | 1 | 10.5% |
| 9 | Quaint Oak Bank | $500K | 1 | 10.5% |
| 10 | First Community Bank | $489K | 2 | 8.5% |
The top lenders in Midlothian have direct experience with local businesses and understand the Midlothian 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 Midlothian 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 Midlothian
One 5-minute application. 16+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Midlothian
These are the industries that received the most SBA 7(a) funding in Midlothian 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 |
|---|---|---|
| Homes for the Elderly | 1 | $5.0M |
| Residential Mental Retardation Facilities | 2 | $3.5M |
| All Other Specialty Trade Contractors | 1 | $1.8M |
| Limited-Service Restaurants | 5 | $1.3M |
| General Automotive Repair | 1 | $872K |
| Retail Bakeries | 1 | $684K |
| Computer Systems Design Services | 1 | $500K |
| Child Day Care Services | 1 | $500K |
| Snack and Nonalcoholic Beverage Bars | 1 | $500K |
| Commercial and Institutional Building Construction | 1 | $400K |
Lenders with experience funding your specific industry in Midlothian 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 Midlothian
Option 1: Apply directly to one of the top Midlothian 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 Midlothian-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
How many SBA loans were funded in Midlothian in 2025?
Can I get an SBA loan to start a business in Midlothian?
Who is the top SBA lender in Midlothian?
What is the average SBA loan rate in Midlothian?
Ready to Apply for an SBA Loan in Midlothian?
50+ lenders competing for your deal. Better rates, faster closing. No fees.
Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
