SBA Loans for Professional Services in Virginia
Since fiscal year 2021, at least 98 lenders made 878 SBA loans to Professional Services businesses in Virginia. These are the most active, based on public SBA data.
Most active SBA lenders for Professional Services in Virginia
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company Buffalo, NY | 128 | $145,826 | 50% | 7(a), Express |
| 2 | Newtek Bank, National Association Miami, FL | 62 | $378,383 | 19% | 7(a), Express |
| 3 | Northeast Bank Lewiston, ME | 58 | $147,811 | 10% | 7(a) |
| 4 | Readycap Lending, LLC Berkeley Heights, NJ | 46 | $290,781 | 15% | 7(a) |
| 5 | TD Bank, National Association Wilmington, DE | 45 | $128,785 | 33% | 7(a), Express |
| 6 | BayFirst National Bank Saint Petersburg, FL | 45 | $178,895 | 2% | 7(a), Express |
| 7 | Bank of America, National Association Charlotte, NC | 43 | $415,201 | 17% | 7(a), Express |
| 8 | Live Oak Banking Company Wilmington, NC | 42 | $1,237,939 | 28% | 7(a), Express |
| 9 | Wells Fargo Bank National Association Sioux Falls, SD | 41 | $160,688 | 86% | 7(a), Express |
| 10 | The Huntington National Bank Columbus, OH | 31 | $451,037 | 64% | 7(a), Express |
Related guide: What Is an SBA Loan and How Does It Work?
Other industries in Virginia
- Restaurants & Lodging813 loans
- Health Care683 loans
- Construction640 loans
- Personal Services & Repair613 loans
- Retail Stores581 loans
- Cleaning, Landscaping & Admin363 loans
- Fitness & Entertainment293 loans
- Manufacturing286 loans
Frequently asked questions
Which lenders make the most SBA loans to Professional Services businesses in Virginia?
Based on public SBA data, the most active were Manufacturers and Traders Trust Company, Newtek Bank, National Association, Northeast Bank.
How many SBA loans did Professional Services businesses get in Virginia?
878 SBA loans since fiscal year 2021, from at least 98 different lenders.
Which SBA loan fits a Professional Services business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.