BlogRankingCityBest Virginia Beach, VA SBA Lenders & Rates of 2026

Best Virginia Beach, VA SBA Lenders & Rates of 2026

February 2, 2026
City, Ranking
2 min read

Best Virginia Beach, VA SBA Lenders & Rates of 2026

$41.4M
Total Funded

71
Loans Approved

$583K
Avg Loan Size

10.30%
Avg Interest Rate

34
Active Lenders

SBA Loans in Virginia Beach, VA

Virginia Beach, VA businesses received $41.4M in SBA 7(a) loan approvals across 71 businesses in 2025. With 34 active SBA lenders competing for business in Virginia Beach, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Virginia Beach is $583K, with rates averaging 10.30%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Virginia Beach SBA Loans by Business Type

🚀 Startups
37%
$20.4M • 26 loans

🏢 Existing Businesses
54%
$17.7M • 38 loans

🔄 Acquisitions
10%
$3.2M • 7 loans

Top SBA Lenders in Virginia Beach, VA (2025)

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

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $5.5M 3 9.91%
2 First Business Bank $4.9M 1 9.00%
3 The Huntington National Bank $3.6M 5 9.35%
4 United Midwest Savings Bank National Association $2.9M 4 10.00%
5 Atlantic Union Bank $2.8M 7 9.54%
6 SouthState Bank, National Association $2.5M 2 8.75%
7 Readycap Lending, LLC $2.5M 7 12.18%
8 The Bancorp Bank National Association $2.2M 1 8.50%
9 Hanmi Bank $1.6M 1 9.00%
10 Northeast Bank $1.5M 8 10.78%
11 First Internet Bank of Indiana $1.3M 1 10.25%
12 Bank of Oak Ridge $1.1M 2 9.75%
13 Harvest Small Business Finance, LLC $1.0M 1 10.25%
14 Citizens Bank $798K 2 10.25%
15 Capital Bank, National Association $719K 1 10.25%
16 Hanover Community Bank $714K 1 9.50%
17 Dogwood State Bank $672K 1 9.25%
18 Newtek Bank, National Association $660K 3 10.33%
19 CenTrust Bank, A Division of SmartBiz Bank National Associat $560K 3 11.58%
20 Mechanics and Farmers Bank $543K 2 10.50%
21 Magnifi Financial CU $535K 1 9.75%
22 First-Citizens Bank & Trust Company $500K 1 10.25%
23 Cadence Bank $480K 2 10.25%
24 Wells Fargo Bank National Association $293K 1 8.62%
25 First Command Bank $288K 1 9.25%
26 Institute Capital, Inc. $245K 1 12.00%
27 First Bank of the Lake $205K 1 10.25%
28 Celtic Bank Corporation $150K 1 10.25%
29 Colony Bank $150K 1 10.50%
30 First National Bank of Pennsylvania $100K 1 10.25%
31 Manufacturers and Traders Trust Company $75K 1 9.75%
32 Lendistry SBLC, LLC $52K 1 12.50%
33 Stearns Bank National Association $50K 1 10.50%
34 BayFirst National Bank $48K 1 12.25%

Top Industries in Virginia Beach

Here are the industries that received the most SBA funding in Virginia Beach:

Child Day Care Services

$5.9M
Volume

2
Loans

Offices of Dentists

$4.5M
Volume

1
Loans

Full-Service Restaurants

$3.1M
Volume

4
Loans

Amusement Arcades

$2.2M
Volume

1
Loans

Offices of Chiropractors

$1.4M
Volume

2
Loans

Landscape Architectural Services

$1.1M
Volume

2
Loans

All Other Personal Services

$820K
Volume

3
Loans

SBA Loans in Virginia

Virginia Beach is part of Virginia‘s SBA lending market. For statewide data and more lender options, see our full Virginia SBA Lenders guide.

🤝 Why Use an SBA Broker in Virginia Beach?

GoSBA Loans helps Virginia Beach businesses access the best SBA lenders:

  • Access 34+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Virginia Beach
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Virginia Beach SBA Loan

Our team has helped hundreds of Virginia Beach businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Virginia Beach? GoSBA Loans is a trusted SBA loan broker serving businesses in Virginia Beach and across Virginia. Contact our Virginia Beach SBA specialists today for a free consultation.

Explore More SBA Markets

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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