SBA 504 · VA
SBA 504 lenders in Virginia
77 lenders provided the first lien on at least one SBA 504 project in Virginia in the 36 months ending September 30, 2026. TowneBank made the most, with 35 of the 327 on record.
- Evidence
- Lender provided the first lien on at least one SBA 504 project in Virginia in the 36 months ending September 30, 2026
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- Lenders on record
- 77
- SBA FOIA,
- First liens, 36 months
- 327
- SBA FOIA,
- Approvals, net of cancelled
- Dollars, 36 months
- $414M
- SBA FOIA,
- Approvals, last 12 months (funded or not)
- 105
- SBA FOIA,
- -12.5% from the prior 12 months
Cite this
Source: The Lender Report, SBA 504 lenders in Virginia, https://lender.report/sba-504-lenders/virginia/, data as of September 30, 2026.
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| Lender | Kind | Based in | First liens | Dollars |
|---|---|---|---|---|
| TowneBank SBA 504 record | Bank | Portsmouth, VA | 35 | $29.5M |
| Atlantic Union Bank SBA 504 record | Bank | Richmond City, VA | 26 | $17.6M |
| Southern Bank and Trust Company SBA 504 record | Bank | Mount Olive, NC | 22 | $13.2M |
| Manufacturers and Traders Trust Company SBA 504 record | Bank | Buffalo, NY | 18 | $13.0M |
| Dollar Bank, Federal Savings Bank SBA 504 record | Savings | Pittsburgh, PA | 15 | $8.19M |
| Chesapeake Bank | Bank | Kilmarnock, VA | 10 | $21.3M |
| Bank Five Nine SBA 504 record | Bank | Oconomowoc, WI | 9 | $32.4M |
| New Horizon Bank, National Association SBA 504 record | Bank | Powhatan, VA | 9 | $5.63M |
| Virginia Credit Union | Credit union | Richmond, VA | 9 | $5.06M |
| Burke & Herbert Bank & Trust Company SBA 504 record | Bank | Alexandria, VA | 8 | $27.7M |
| Potomac Bank | Bank | Charles Town, WV | 8 | $4.37M |
| ABNB Credit Union SBA 504 record | Credit union | Chesapeake, VA | 8 | $3.34M |
| Freedom First Credit Union | Credit union | Roanoke, VA | 7 | $2.58M |
| Primis Bank | Bank | Tappahannock, VA | 6 | $20.0M |
| Fulton Bank, National Association SBA 504 record | Bank | Lancaster, PA | 6 | $7.12M |
| Truist Bank SBA 504 record | Bank | Charlotte, NC | 6 | $5.74M |
| John Marshall Bank SBA 504 record | Bank | Reston, VA | 6 | $4.34M |
| Bank Of Clarke | Bank | Berryville, VA | 6 | $3.86M |
| United Bank SBA 504 record | Bank | Fairfax, VA | 5 | $11.9M |
| First Bank | Bank | Strasburg, VA | 5 | $1.44M |
| Live Oak Banking Company SBA 504 record | Bank | Wilmington, NC | 4 | $13.0M |
| The First Bank and Trust Company | Bank | Lebanon, VA | 4 | $5.20M |
| Bank of America, National Association SBA 504 record | Bank | Charlotte, NC | 4 | $4.70M |
| Langley Credit Union | Credit union | Newport News, VA | 4 | $1.40M |
| Celtic Bank SBA 504 record | Bank | Salt Lake City, UT | 3 | $18.0M |
See all 77 SBA 504 lenders in Virginia in Loan Comps
Dollars are first-lien amounts on SBA 504 approvals.
- Lenders recorded 327 SBA 504 first liens totaling $414.1M in Virginia in the 36 months ending September 30, 2026. SBA FOIA,
- Banks and savings institutions made 283 of those, credit unions 39, and non-banks 3. SBA FOIA,
- The five most active lenders made 35.5% of Virginia's SBA 504 first liens. SBA FOIA,
- Bank Five Nine recorded the most dollars in Virginia, at $32.4M. SBA FOIA,
- 34 of these lenders are based in Virginia. SBA FOIA,
- 6 lenders recorded 10 or more SBA 504 first liens in Virginia. SBA FOIA,
- 2 of these first liens were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 105 SBA 504 approvals in Virginia dated in the 12 months to September 30, 2026, versus 120 in the prior 12 months. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical SBA 504 first lien in Virginia was about $480K, with the middle half between $280K and $1.1M. SBA FOIA,
- The median term in Virginia was 25 years. SBA FOIA,
How this list is defined
- Measure
- SBA 504 first liens in Virginia
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 504 projects located in Virginia with an approval date in the 36 months ending September 30, 2026, not cancelled, that name the lender as first-lien lender.
- Order
- Largest first by first liens in the 36 months, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
Is your institution on this list? Show your rank. It carries the date and links back to this page.
An SBA 504 project pairs a first-lien lender with a Certified Development Company that funds a second lien, for owner-occupied real estate and equipment.
SBA 504 figures count the first-lien lender on each SBA approval. A project marked not funded is often recent and awaiting funding.
Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.