SBA acquisition lenders in Virginia
377 SBA 7(a) change-of-ownership loans in Virginia, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 377
- Total approved
- $485.5M
- Median loan
- $741K
- Middle half of loans
- $350K to $1.8M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Virginia
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 42 | 11% | $668K | $48.0M |
| 2 | The Huntington National Bank | 40 | 11% | $350K | $43.3M |
| 3 | GBank | 18 | 5% | $2.9M | $53.5M |
| 4 | Truliant FCU | 16 | 4% | $745K | $24.6M |
| 5 | Manufacturers and Traders Trust Company | 16 | 4% | $426K | $12.0M |
| 6 | Hanmi Bank | 14 | 4% | $562K | $10.6M |
| 7 | First Internet Bank of Indiana | 10 | 3% | $866K | $13.9M |
| 8 | Bank of Oak Ridge | 10 | 3% | $820K | $9.7M |
| 9 | Byline Bank | 9 | 2% | $1.1M | $13.3M |
| 10 | TowneBank | 9 | 2% | $1.0M | $10.7M |
| 11 | Pinnacle Bank | 9 | 2% | $692K | $10.0M |
| 12 | First National Bank of Pennsylvania | 9 | 2% | $450K | $7.8M |
| 13 | Pathward National Association | 8 | 2% | $1.5M | $19.0M |
| 14 | Bank of Clarke | 8 | 2% | $730K | $6.3M |
| 15 | US Metro Bank | 7 | 2% | $2.0M | $12.4M |
What is being bought in Virginia
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 29 | 8% | $2.7M | $89.1M |
| 2 | Full-Service Restaurants | 21 | 6% | $500K | $12.4M |
| 3 | All Other Specialty Trade Contractors | 18 | 5% | $1.0M | $25.3M |
| 4 | General Automotive Repair | 16 | 4% | $437K | $17.2M |
| 5 | Limited-Service Restaurants | 16 | 4% | $516K | $14.1M |
| 6 | Landscaping Services | 11 | 3% | $724K | $8.4M |
| 7 | Other Computer Related Services | 9 | 2% | $1.1M | $14.3M |
| 8 | Fitness and Recreational Sports Centers | 8 | 2% | $900K | $7.3M |
| 9 | Child Care Services | 7 | 2% | $935K | $10.0M |
| 10 | Pet Care (except Veterinary) Services | 7 | 2% | $741K | $6.7M |
| 11 | Offices of Certified Public Accountants | 7 | 2% | $445K | $4.0M |
| 12 | All Other Professional, Scientific, and Technical Services | 6 | 2% | $1.5M | $8.0M |
| 13 | Gasoline Stations with Convenience Stores | 6 | 2% | $633K | $4.0M |
| 14 | Snack and Nonalcoholic Beverage Bars | 6 | 2% | $501K | $3.4M |
| 15 | Home Health Care Services | 5 | 1% | $529K | $7.2M |
Virginia by industry
- Hotels (except Casino Hotels) and Motels 29
- Full-Service Restaurants 21
- All Other Specialty Trade Contractors 18
- General Automotive Repair 16
- Limited-Service Restaurants 16
- Landscaping Services 11
- Other Computer Related Services 9
- Fitness and Recreational Sports Centers 8
- Child Care Services 7
- Pet Care (except Veterinary) Services 7
- Offices of Certified Public Accountants 7
- All Other Professional, Scientific, and Technical Services 6
- Gasoline Stations with Convenience Stores 6
- Snack and Nonalcoholic Beverage Bars 6
- Home Health Care Services 5
- Couriers and Express Delivery Services 5
- Plumbing, Heating, and Air-Conditioning Contractors 5
- Residential Remodelers 5
- All Other Personal Services 5