SBA 7(a) lenders in Hanover, VA

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

61 institutions have SBA 7(a) loans on record in Hanover, together $153.4M across 313 loans. First National Bank of Pennsylvania is the largest, with 11% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	First National Bank of Pennsylvania	13	$16.1M	10.5%	0.00%
2	Live Oak Banking Company	8	$12.4M	8.1%	0.00%
3	The First Bank and Trust Company	3	$10.5M	6.8%	0.00%
4	Truist Bank	22	$10.4M	6.8%	1.01%
5	Wells Fargo Bank National Association	26	$9.3M	6.0%	0.91%
6	TowneBank	15	$7.8M	5.1%	1.09%
7	Atlantic Union Bank	25	$7.4M	4.8%	1.58%
8	GBank	2	$6.6M	4.3%	0.00%
9	The Bancorp Bank National Association	2	$5.1M	3.4%	0.00%
10	Capital One National Association	2	$4.9M	3.2%	0.88%
11	T Bank, National Association	1	$4.3M	2.8%	0.00%
12	Manufacturers and Traders Trust Company	62	$4.1M	2.7%	3.28%
13	East West Bank	1	$3.7M	2.4%	0.00%
14	The Bank of Princeton	2	$3.5M	2.3%	0.00%
15	SouthState Bank, National Association	8	$3.5M	2.3%	0.00%
16	TD Bank, National Association	3	$3.3M	2.1%	0.00%
17	United Community Bank	2	$2.8M	1.8%	0.00%
18	First Western SBLC, LLC	1	$2.8M	1.8%	0.00%
19	Northeast Bank	4	$2.8M	1.8%	0.00%
20	First Financial Bank	1	$2.5M	1.6%	0.00%
21	United FCU	1	$2.3M	1.5%	0.00%
22	The Huntington National Bank	9	$2.2M	1.4%	0.00%
23	Readycap Lending, LLC	4	$2.2M	1.4%	0.00%
24	Primis Bank	19	$2.0M	1.3%	0.00%
25	Newtek Bank, National Association	6	$1.9M	1.3%	0.00%
26	PNC Bank, National Association	3	$1.8M	1.2%	0.00%
27	Locus Bank Inc	3	$1.5M	1.0%	0.00%
28	Bank Five Nine	3	$1.2M	0.8%	0.00%
29	Genesis Bank	2	$1.0M	0.7%	0.00%
30	Fulton Bank, National Association	2	$950K	0.6%	0.00%
31	Hanmi Bank	2	$925K	0.6%	0.00%
32	First Community Bank	2	$920K	0.6%	0.00%
33	Potomac Bank	2	$876K	0.6%	0.00%
34	Bank of Oak Ridge	1	$777K	0.5%	0.00%
35	United Midwest Savings Bank National Association	5	$725K	0.5%	0.00%
36	Ameris Bank	1	$645K	0.4%	0.00%
37	CIBC Bank USA	2	$625K	0.4%	0.00%
38	Select Bank	4	$607K	0.4%	0.00%
39	HomeTrust Bank	2	$550K	0.4%	0.00%
40	Grasshopper Bank National Association	1	$500K	0.3%	0.00%
41	Bank of America, National Association	2	$471K	0.3%	0.00%
42	BayFirst National Bank	4	$462K	0.3%	0.00%
43	KeyBank National Association	2	$413K	0.3%	0.00%
44	Community West Bank	1	$360K	0.2%	87.53%
45	Twin City Bank	1	$352K	0.2%	0.00%
46	Citizens Bank	1	$350K	0.2%	0.00%
47	Virginia National Bank	1	$340K	0.2%	0.00%
48	Fifth Third Bank	1	$327K	0.2%	88.86%
49	Celtic Bank Corporation	3	$305K	0.2%	49.67%
50	Popular Bank	2	$304K	0.2%	103.38%
51	Bank of Hope	2	$285K	0.2%	1.17%
52	Five Star Bank	1	$250K	0.2%	0.00%
53	Stearns Bank National Association	2	$220K	0.1%	0.00%
54	JPMorgan Chase Bank, National Association	1	$200K	0.1%	0.00%
55	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$130K	0.1%	0.00%
56	Magnifi Financial CU	1	$120K	0.1%	0.00%
57	Columbia Bank	3	$100K	0.1%	45.16%
58	First Bank of the Lake	1	$100K	0.1%	0.00%
59	Colony Bank	1	$77K	0.1%	0.00%
60	VelocitySBA, LLC	4	$33K	0.0%	27.89%
61	Truliant FCU	1	$25K	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	35	$32.0M	20.9%
2	Accommodation & food services	22	$25.6M	16.7%
3	Construction	49	$25.4M	16.6%
4	Wholesale trade	18	$12.4M	8.1%
5	Professional & technical services	38	$9.9M	6.4%
6	Manufacturing	13	$6.7M	4.4%
7	Administrative & waste services	26	$6.4M	4.2%
8	Other services	20	$5.2M	3.4%
9	Agriculture, forestry & fishing	2	$5.0M	3.3%
10	Arts, entertainment & recreation	9	$4.3M	2.8%
11	Real estate & leasing	3	$4.0M	2.6%
12	Retail trade	17	$4.0M	2.6%
13	Retail trade	21	$3.0M	2.0%
14	Transportation & warehousing	10	$3.0M	2.0%
15	Information	4	$1.5M	1.0%
16	Transportation & warehousing	3	$1.4M	0.9%
17	Manufacturing	5	$1.3M	0.9%
18	Manufacturing	6	$1.2M	0.8%
19	Educational services	6	$563K	0.4%
20	Utilities	2	$420K	0.3%
21	Management of companies	1	$100K	0.1%
22	Finance & insurance	3	$50K	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.