SBA 7(a) lenders in Amherst, VA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
22 institutions have SBA 7(a) loans on record in Amherst, together $14.3M across 37 loans. The Bancorp Bank National Association is the largest, with 15% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Bancorp Bank National Association | 2 | $2.1M | 14.8% | 0.00% |
| 2 | The First Bank and Trust Company | 4 | $2.0M | 14.0% | 0.00% |
| 3 | Truist Bank | 7 | $1.8M | 12.7% | 0.00% |
| 4 | First National Bank of Pennsylvania | 1 | $1.8M | 12.6% | 0.00% |
| 5 | GBank | 1 | $1.4M | 9.5% | 0.00% |
| 6 | United Community Bank | 1 | $1.2M | 8.5% | 0.00% |
| 7 | Readycap Lending, LLC | 1 | $850K | 6.0% | 0.00% |
| 8 | The Fidelity Bank | 1 | $460K | 3.2% | 0.00% |
| 9 | Bank of America, National Association | 1 | $350K | 2.5% | 0.00% |
| 10 | The Huntington National Bank | 1 | $350K | 2.5% | 0.00% |
| 11 | Northeast Bank | 1 | $350K | 2.5% | 0.00% |
| 12 | Stearns Bank National Association | 1 | $315K | 2.2% | 0.00% |
| 13 | United Midwest Savings Bank National Association | 2 | $225K | 1.6% | 55.85% |
| 14 | Freedom First Federal Credit Union | 1 | $200K | 1.4% | 0.00% |
| 15 | Atlantic Union Bank | 2 | $181K | 1.3% | 0.00% |
| 16 | First National Bank | 1 | $150K | 1.1% | 0.00% |
| 17 | Hanmi Bank | 1 | $150K | 1.1% | 0.00% |
| 18 | Central Virginia Federal Credit Union | 3 | $140K | 1.0% | 0.00% |
| 19 | Select Bank | 1 | $100K | 0.7% | 0.00% |
| 20 | Newtek Bank, National Association | 1 | $75K | 0.5% | 0.00% |
| 21 | Capital One National Association | 1 | $50K | 0.4% | 0.00% |
| 22 | Wells Fargo Bank National Association | 2 | $20K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Construction | 10 | $5.0M | 35.3% |
| 2 | Accommodation & food services | 4 | $3.7M | 26.1% |
| 3 | Professional & technical services | 5 | $2.1M | 14.8% |
| 4 | Retail trade | 2 | $700K | 4.9% |
| 5 | Manufacturing | 2 | $604K | 4.2% |
| 6 | Administrative & waste services | 4 | $575K | 4.0% |
| 7 | Wholesale trade | 2 | $425K | 3.0% |
| 8 | Retail trade | 2 | $407K | 2.9% |
| 9 | Manufacturing | 1 | $200K | 1.4% |
| 10 | Agriculture, forestry & fishing | 2 | $181K | 1.3% |
| 11 | Health care & social assistance | 1 | $150K | 1.1% |
| 12 | Other services | 1 | $100K | 0.7% |
| 13 | Transportation & warehousing | 1 | $50K | 0.4% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.