SBA by industry · VA
SBA lenders for construction trades in Virginia
75 lenders made 375 SBA loans to construction trades in Virginia in the 36 months ending September 30, 2026. Manufacturers and Traders Trust Company made the most, with 41. The typical loan was about $200K.
- Evidence
- SBA 7(a) and 504 loans to construction trades in Virginia, NAICS 23
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 75
- SBA FOIA,
- SBA loans, 36 months
- 375
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $170M
- SBA FOIA,
- Last 12 months
- 118
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades in Virginia, https://lender.report/sba-lenders-for/construction-trades/virginia/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Manufacturers and Traders Trust Company SBA 7(a) record | Bank | Buffalo, NY | 41 | $10.1M | 37 | 4 | 19 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 30 | $21.7M | 30 | 0 | 6 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 29 | $3.94M | 29 | 0 | 4 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 20 | $3.12M | 20 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 18 | $5.76M | 18 | 0 | 9 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 17 | $3.58M | 17 | 0 | 3 |
| TD Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 14 | $4.70M | 14 | 0 | 4 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 13 | $4.34M | 13 | 0 | 6 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 13 | $1.70M | 13 | 0 | 0 |
| TowneBank SBA 7(a) record | Bank | Portsmouth, VA | 10 | $9.81M | 3 | 7 | 3 |
| First Bank of the Lake SBA 7(a) record | Bank | Osage Beach, MO | 8 | $9.65M | 8 | 0 | 3 |
| Bank Of Clarke SBA 7(a) record | Bank | Berryville, VA | 8 | $6.60M | 8 | 0 | 0 |
| Lendistry SBLC, LLC SBA 7(a) record | Non-bank | Los Angeles, CA | 8 | $1.62M | 8 | 0 | 2 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 8 | $1.59M | 8 | 0 | 3 |
| SmartBiz Bank, National Association SBA 7(a) record | Bank | Northbrook, IL | 8 | $1.57M | 8 | 0 | 5 |
| Atlantic Union Bank SBA 7(a) record | Bank | Richmond City, VA | 7 | $5.50M | 4 | 3 | 5 |
| First Community Bank SBA 7(a) record | Bank | Bluefield, VA | 7 | $1.31M | 7 | 0 | 1 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 7 | $152K | 7 | 0 | 0 |
| Citizens Bank SBA 7(a) record | Bank | Elizabethton, TN | 5 | $2.69M | 5 | 0 | 3 |
| Pathward, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 4 | $13.1M | 4 | 0 | 3 |
| Pinnacle Bank SBA 7(a) record | Bank | Nashville, TN | 4 | $4.20M | 4 | 0 | 2 |
| First National Bank of Pennsylvania SBA 7(a) record | Bank | Greenville, PA | 4 | $3.54M | 4 | 0 | 0 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 4 | $95.0K | 4 | 0 | 0 |
| Truliant Credit Union SBA 7(a) record | Credit union | Winston Salem, NC | 3 | $6.86M | 3 | 0 | 1 |
| Fulton Bank, National Association SBA 7(a) record | Bank | Lancaster, PA | 3 | $1.79M | 3 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Residential Remodelers | 65 |
| All Other Specialty Trade Contractors | 55 |
| Plumbing, Heating, and Air-Conditioning Contractors | 37 |
| Electrical Contractors and Other Wiring Installation Contractors | 33 |
| Painting and Wall Covering Contractors | 24 |
| New Single-Family Housing Construction (except For-Sale Builders) | 21 |
| Commercial and Institutional Building Construction | 18 |
| Site Preparation Contractors | 17 |
| Flooring Contractors | 11 |
| Poured Concrete Foundation and Structure Contractors | 11 |
| Loan size | Loans |
|---|---|
| Under $150K | 124 |
| $150K to $350K | 136 |
| $350K to $1M | 74 |
| $1M to $2.5M | 26 |
| $2.5M or more | 15 |
- SBA lenders recorded 375 loans to construction trades totaling $170M in Virginia in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $200K, with the middle half between $100K and $400K. SBA FOIA,
- 350 were SBA 7(a) loans and 25 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.50% on 350 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 328 of the loans, credit unions 17, and non-banks 30. SBA FOIA,
- The five most active lenders made 36.8% of the loans. SBA FOIA,
- The three most active lenders were Manufacturers and Traders Trust Company with 41, The Huntington National Bank with 30, and Northeast Bank with 29. SBA FOIA,
- 124 of the loans were under $150K, and 41 were $1M or more. SBA FOIA,
- The SBA file shows 118 approvals of these loans dated in the 12 months to September 30, 2026, versus 152 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 20 of the 75 lenders are based in Virginia. The rest are based elsewhere, most often in North Carolina, Florida and Ohio. SBA FOIA,
- The most common detailed industry in Virginia was Residential Remodelers, with 65 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades in Virginia
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Virginia, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the state, 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.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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.