Best Virgin Islands SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Virgin Islands
SBA Loans in Virgin Islands
Virgin Islands businesses received $20.5M in SBA 7(a) loan approvals across 18 businesses in 2025, supporting 402 jobs. With 10 active SBA lenders competing for business in Virgin Islands, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Virgin Islands is $1.1M at 9.82%, which is 0.5% below the national average of 10.32%. The top lender in Virgin Islands is Metro City Bank, with the most-funded industry being Ready-Mix Concrete Manufacturing.
SBA Loans in Virgin Islands by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Virgin Islands, here’s how SBA lending breaks down:
Startups represent 54% of Virgin Islands SBA loans (5 loans totaling $11.2M). Business acquisitions (change of ownership) account for 5% (1 loans, $1.1M). Existing businesses make up the largest share at 15% (10 loans). If you’re buying a business in Virgin Islands, acquisitions are a well-established use case for SBA 7(a) loans.
Virgin Islands vs. National Average
How does Virgin Islands’s SBA lending market compare to the national average in 2025?
Virgin Islands9.82%
National Avg10.32%
✅ Virgin Islands’s avg rate is 0.5% lower than the national average
Virgin Islands$1.1M
National Avg$478K
Virgin Islands’s avg loan is 2.4x the national average
A rate lower than the national average of 10.32% is significant context for Virgin Islands borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Virgin Islands (2025 Data)
The table below ranks every SBA 7(a) lender active in Virgin Islands in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Metro City Bank | $9.0M | 2 | 8.75% |
| 2 | Community Bank & Trust-West Georgia | $6.7M | 2 | 9.5% |
| 3 | Merchants Commercial Bank | $1.4M | 4 | 10.69% |
| 4 | Banco Popular de Puerto Rico | $1.0M | 4 | 9.75% |
| 5 | Live Oak Banking Company | $1.0M | 1 | 7% |
| 6 | Oriental Bank | $500K | 1 | 9.75% |
| 7 | Truliant FCU | $395K | 1 | 10.75% |
| 8 | United Midwest Savings Bank National Association | $306K | 1 | 10.5% |
| 9 | Stone Bank | $150K | 1 | 10.5% |
| 10 | FirstBank Puerto Rico | $91K | 1 | 10% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Virgin Islands have funded the most deals locally, meaning their loan officers understand Virgin Islands’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Virgin Islands-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Virgin Islands
One 5-minute application. 10 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Virgin Islands
SBA lending in Virgin Islands reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Virgin Islands in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Ready-Mix Concrete Manufacturing | 1 | $5.0M |
| Supermarkets and Other Grocery (except Convenience) Stores | 1 | $5.0M |
| All Other Personal Services | 1 | $1.7M |
| Drinking Places (Alcoholic Beverages) | 1 | $1.1M |
| Veterinary Services | 1 | $1.0M |
| Furniture Stores | 1 | $500K |
| Full-Service Restaurants | 2 | $425K |
| Offices of Physicians (except Mental Health Specialists) | 1 | $342K |
| Other Services to Buildings and Dwellings | 1 | $200K |
| Drycleaning and Laundry Services (except Coin-Operated) | 1 | $150K |
| Limousine Service | 1 | $91K |
| Scenic and Sightseeing Transportation, Water | 1 | $75K |
| Beauty Salons | 1 | $32K |
If your business operates in one of Virgin Islands’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Virgin Islands
SBA lending activity within Virgin Islands is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Virgin Islands the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Christiansted | 7 | $16.0M |
| St Thomas | 9 | $3.9M |
| St John | 2 | $532K |
How to Get an SBA Loan in Virgin Islands
Option 1: Apply directly to one of the top Virgin Islands lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Virgin Islands-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Virgin Islands in 2025?
What is the average SBA loan interest rate in Virgin Islands?
Can I get an SBA loan to start a business in Virgin Islands?
Who is the top SBA lender in Virgin Islands?
What industries get the most SBA loans in Virgin Islands?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
