SBA 7(a) lenders in Essex, VA
Approvals in SBA fiscal years 2011–2025. Source data as of 2026-06-30.
Lenders
12 institutions have SBA 7(a) loans on record in Essex, together $52.2M across 23 loans. The First Bank and Trust Company is the largest, with 87% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The First Bank and Trust Company | 11 | $45.5M | 87.2% | 0.00% |
| 2 | The Bank of Edison | 1 | $1.5M | 2.9% | 0.00% |
| 3 | Wells Fargo Bank National Association | 1 | $1.4M | 2.8% | 0.00% |
| 4 | First Western SBLC, LLC | 1 | $862K | 1.7% | 0.00% |
| 5 | Newtek Small Business Finance, Inc. | 1 | $750K | 1.4% | 0.00% |
| 6 | Celtic Bank Corporation | 1 | $667K | 1.3% | 0.00% |
| 7 | Locus Bank Inc | 2 | $590K | 1.1% | 0.00% |
| 8 | SouthState Bank, National Association | 1 | $350K | 0.7% | 0.00% |
| 9 | Newtek Bank, National Association | 1 | $275K | 0.5% | 0.00% |
| 10 | Primis Bank | 1 | $100K | 0.2% | 0.00% |
| 11 | PNC Bank, National Association | 1 | $75K | 0.1% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 1 | $30K | 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 | Wholesale trade | 7 | $25.5M | 48.9% |
| 2 | Agriculture, forestry & fishing | 5 | $20.0M | 38.4% |
| 3 | Accommodation & food services | 2 | $2.4M | 4.6% |
| 4 | Retail trade | 3 | $1.7M | 3.2% |
| 5 | Administrative & waste services | 1 | $1.4M | 2.8% |
| 6 | Other services | 2 | $590K | 1.1% |
| 7 | Manufacturing | 2 | $450K | 0.9% |
| 8 | Professional & technical services | 1 | $75K | 0.1% |
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.