BlogRankingStateBest Virginia SBA Lenders & Rates of 2026

Best Virginia SBA Lenders & Rates of 2026

February 2, 2026
Ranking, State
1 min read

$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:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $57.4M 52 9.56%
2 Newtek Bank, National Association $40.4M 116 10.92%
3 Manufacturers and Traders Trust Company $32.1M 177 10.98%
4 The Huntington National Bank $31.5M 62 9.71%
5 Northeast Bank $25.3M 152 11.05%
6 Readycap Lending, LLC $24.1M 63 12.16%
7 First Community Bank $17.8M 41 7.55%
8 Bank of Clarke $17.8M 24 9.63%
9 Atlantic Union Bank $17.1M 30 9.68%
10 Truist Bank $15.1M 8 8.95%
11 Truliant FCU $14.9M 12 10.19%
12 Pinnacle Bank $14.6M 8 9.16%
13 GBank $14.0M 6 8.71%
14 United Midwest Savings Bank National Association $12.5M 25 10.05%
15 First Bank of the Lake $12.4M 18 10.18%
16 First National Bank of Pennsylvania $12.2M 14 9.33%
17 Hanmi Bank $11.8M 15 9.17%
18 Harvest Small Business Finance, LLC $10.3M 10 10.28%
19 First Internet Bank of Indiana $10.1M 5 10.10%
20 Pathward National Association $10.0M 3 9.25%

🤝 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.

http://gosbaloans.com

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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