SBA lending by metro area
SBA lenders in Virginia Beach, VA
Which lenders fund Virginia Beach-area businesses, how much, and how the market compares with Virginia: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Virginia Beach area
Ranked by SBA volume funded to businesses located in the Virginia Beach metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | 504 Capital Corporation | 509 | $257.4M | $506K | not reported |
| 2 | Business Finance Group, Inc. | 153 | $138.9M | $908K | not reported |
| 3 | Truist Bank | 280 | $97.7M | $349K | 2.14% |
| 4 | Live Oak Banking Company | 63 | $79.3M | $1.3M | 1.59% |
| 5 | Fulton Bank, National Association | 155 | $63.6M | $410K | 5.81% |
| 6 | Wells Fargo Bank National Association | 264 | $46.4M | $176K | 9.47% |
| 7 | The Huntington National Bank | 86 | $40.5M | $471K | 0.00% |
| 8 | First National Bank of Pennsylvania | 34 | $31.7M | $932K | 11.76% |
| 9 | Newtek Small Business Finance, Inc. | 50 | $29.4M | $588K | 0.00% |
| 10 | Atlantic Union Bank | 100 | $28.3M | $283K | 1.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Virginia Beach compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Virginia Beach area | $211K ▲ 5.5% | 22.2% ▲ 9.7 pts |
| Virginia | $200K | 12.5% |
| United States | $179K | 11.2% |
What gets funded in Virginia Beach
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 388 | $303.8M |
| Health Care and Social Assistance | 325 | $162.8M |
| Retail Trade | 351 | $150.8M |
| Other Services | 331 | $148.9M |
| Professional and Technical Services | 309 | $124.0M |
| Construction | 346 | $114.7M |
| Arts, Entertainment, Recreation | 160 | $100.3M |
| Manufacturing | 181 | $97.7M |
SBA lending in Virginia Beach by year
Geography, precisely
"Virginia Beach area" here means the Virginia Beach-Chesapeake-Norfolk, VA-NC metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Camden County, NC; Chesapeake city, VA; Currituck County, NC; Gates County, NC; Gloucester County, VA; Hampton city, VA; Isle of Wight County, VA; James City County, VA; Mathews County, VA; Newport News city, VA; Norfolk city, VA; Poquoson city, VA; Portsmouth city, VA; Suffolk city, VA; Surry County, VA; Virginia Beach city, VA; Williamsburg city, VA; York County, VA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.