SBA 7(a) lenders in Gloucester, VA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-09-30.
Lenders
18 institutions have SBA 7(a) loans on record in Gloucester, together $18.6M across 59 loans. Pinnacle Bank is the largest, with 50% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Pinnacle Bank | 4 | $9.3M | 49.9% | 0.00% |
| 2 | Truist Bank | 20 | $3.1M | 16.5% | 14.77% |
| 3 | Fulton Bank, National Association | 1 | $1.0M | 5.6% | 0.00% |
| 4 | Atlantic Union Bank | 9 | $910K | 4.9% | 0.00% |
| 5 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | $826K | 4.4% | 0.00% |
| 6 | Capital Bank, National Association | 1 | $600K | 3.2% | 0.00% |
| 7 | Primis Bank | 7 | $587K | 3.2% | 0.00% |
| 8 | Harvest Small Business Finance, LLC | 1 | $553K | 3.0% | 0.00% |
| 9 | Bank Five Nine | 1 | $410K | 2.2% | 0.00% |
| 10 | Wells Fargo Bank National Association | 2 | $341K | 1.8% | 0.00% |
| 11 | Newtek Bank, National Association | 1 | $300K | 1.6% | 0.00% |
| 12 | Celtic Bank Corporation | 2 | $262K | 1.4% | 0.00% |
| 13 | Langley FCU | 4 | $115K | 0.6% | 0.00% |
| 14 | Locus Bank Inc | 1 | $108K | 0.6% | 0.00% |
| 15 | Bank of America, National Association | 1 | $90K | 0.5% | 100.00% |
| 16 | Northeast Bank | 1 | $50K | 0.3% | 0.00% |
| 17 | BayPort Federal Credit Union | 1 | $45K | 0.2% | 0.00% |
| 18 | VelocitySBA, LLC | 1 | $8K | 0.0% | 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 | Health care & social assistance | 7 | $10.6M | 57.0% |
| 2 | Arts, entertainment & recreation | 2 | $1.2M | 6.7% |
| 3 | Retail trade | 5 | $1.0M | 5.4% |
| 4 | Other services | 6 | $990K | 5.3% |
| 5 | Manufacturing | 4 | $923K | 5.0% |
| 6 | Retail trade | 6 | $808K | 4.3% |
| 7 | Accommodation & food services | 4 | $788K | 4.2% |
| 8 | Agriculture, forestry & fishing | 4 | $547K | 2.9% |
| 9 | Wholesale trade | 3 | $425K | 2.3% |
| 10 | Professional & technical services | 5 | $417K | 2.2% |
| 11 | Transportation & warehousing | 5 | $341K | 1.8% |
| 12 | Construction | 5 | $243K | 1.3% |
| 13 | Information | 1 | $175K | 0.9% |
| 14 | Administrative & waste services | 2 | $100K | 0.5% |
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.