SBA 7(a) lenders in Caroline, VA
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
25 institutions have SBA 7(a) loans on record in Caroline, together $21.0M across 41 loans. TD Bank, National Association is the largest, with 16% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 3 | $3.3M | 15.6% | 0.00% |
| 2 | GBank | 1 | $3.1M | 15.0% | 0.00% |
| 3 | Peoples Bank | 1 | $2.3M | 11.0% | 0.00% |
| 4 | 1st Financial Bank USA | 1 | $2.0M | 9.5% | 0.00% |
| 5 | First Bank | 1 | $1.8M | 8.5% | 0.00% |
| 6 | Live Oak Banking Company | 2 | $1.7M | 8.0% | 0.00% |
| 7 | Gulf Coast Bank and Trust Company | 1 | $1.2M | 5.6% | 0.00% |
| 8 | First National Bank of Pennsylvania | 1 | $1.0M | 4.8% | 9.11% |
| 9 | Readycap Lending, LLC | 1 | $965K | 4.6% | 0.00% |
| 10 | First-Citizens Bank & Trust Company | 1 | $724K | 3.5% | 0.00% |
| 11 | Primis Bank | 3 | $451K | 2.2% | 0.00% |
| 12 | Truist Bank | 2 | $446K | 2.1% | 0.00% |
| 13 | Hanmi Bank | 1 | $425K | 2.0% | 0.00% |
| 14 | BayFirst National Bank | 1 | $350K | 1.7% | 93.32% |
| 15 | Atlantic Union Bank | 3 | $340K | 1.6% | 0.00% |
| 16 | Virginia National Bank | 2 | $330K | 1.6% | 0.00% |
| 17 | Northeast Bank | 2 | $275K | 1.3% | 0.00% |
| 18 | Newtek Bank, National Association | 1 | $85K | 0.4% | 0.00% |
| 19 | Wells Fargo Bank National Association | 5 | $60K | 0.3% | 0.00% |
| 20 | Business Finance Group, Inc. | 1 | $53K | 0.3% | 0.00% |
| 21 | Celtic Bank Corporation | 1 | $25K | 0.1% | 0.00% |
| 22 | Manufacturers and Traders Trust Company | 1 | $25K | 0.1% | 0.00% |
| 23 | Bank of Hope | 2 | $20K | 0.1% | 46.06% |
| 24 | VelocitySBA, LLC | 2 | $20K | 0.1% | 54.57% |
| 25 | Columbia Bank | 1 | $16K | 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 | Accommodation & food services | 6 | $8.5M | 40.6% |
| 2 | Construction | 9 | $5.7M | 27.0% |
| 3 | Retail trade | 4 | $1.7M | 8.2% |
| 4 | Real estate & leasing | 3 | $1.7M | 8.1% |
| 5 | Administrative & waste services | 4 | $1.5M | 7.2% |
| 6 | Wholesale trade | 1 | $1.0M | 4.8% |
| 7 | Agriculture, forestry & fishing | 1 | $351K | 1.7% |
| 8 | Manufacturing | 2 | $325K | 1.6% |
| 9 | Other services | 4 | $113K | 0.5% |
| 10 | Transportation & warehousing | 4 | $48K | 0.2% |
| 11 | Professional & technical services | 2 | $26K | 0.1% |
| 12 | Health care & social assistance | 1 | $10K | 0.0% |
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.