Best Virginia SBA Lenders & Rates of 2026

Compare 124 SBA lenders in Virginia. $688.6M funded across 1,377 businesses. Average rate 10.30%. Get matched free.

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Best Virginia SBA Lenders & Rates of 2026

$688.6M
Total Funded

1,377
Loans Approved

$500K
Avg Loan Size

10.30%
Avg Interest Rate

124
Active Lenders

SBA Loans in Virginia

Virginia businesses received $688.6M in SBA 7(a) loan approvals across 1,377 businesses in 2025. With 124 active SBA lenders competing for business in Virginia, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Virginia is $500K, with rates averaging 10.30%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Virginia (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Virginia businesses:

RankLenderVolumeLoansAvg Rate
1Live Oak Banking Company$57.4M529.56%
2Newtek Bank, National Association$40.4M11610.92%
3Manufacturers and Traders Trust Company$32.1M17710.98%
4The Huntington National Bank$31.5M629.71%
5Northeast Bank$25.3M15211.05%
6Readycap Lending, LLC$24.1M6312.16%
7First Community Bank$17.8M417.55%
8Bank of Clarke$17.8M249.63%
9Atlantic Union Bank$17.1M309.68%
10Truist Bank$15.1M88.95%
11Truliant FCU$14.9M1210.19%
12Pinnacle Bank$14.6M89.16%
13GBank$14.0M68.71%
14United Midwest Savings Bank National Association$12.5M2510.05%
15First Bank of the Lake$12.4M1810.18%
16First National Bank of Pennsylvania$12.2M149.33%
17Hanmi Bank$11.8M159.17%
18Harvest Small Business Finance, LLC$10.3M1010.28%
19First Internet Bank of Indiana$10.1M510.10%
20Pathward National Association$10.0M39.25%

🤝 How to Get an SBA Loan in Virginia

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Virginia and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Virginia SBA Lenders

Ready to apply for an SBA loan in Virginia? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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