SBA 7(a) lenders in New Kent, VA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
20 institutions have SBA 7(a) loans on record in New Kent, together $14.3M across 34 loans. Primis Bank is the largest, with 19% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Primis Bank | 5 | $2.8M | 19.3% | 0.00% |
| 2 | TowneBank | 3 | $2.6M | 17.9% | 0.00% |
| 3 | Celtic Bank Corporation | 3 | $2.0M | 13.9% | 0.00% |
| 4 | Newtek Small Business Finance, Inc. | 1 | $1.8M | 12.6% | 0.00% |
| 5 | Capital Bank, National Association | 2 | $1.6M | 11.2% | 0.00% |
| 6 | First Bank | 1 | $867K | 6.1% | 0.00% |
| 7 | PNC Bank, National Association | 1 | $617K | 4.3% | 0.00% |
| 8 | Truist Bank | 3 | $592K | 4.1% | 0.00% |
| 9 | Newtek Bank, National Association | 2 | $425K | 3.0% | 0.00% |
| 10 | Live Oak Banking Company | 2 | $380K | 2.7% | 0.00% |
| 11 | BayFirst National Bank | 1 | $150K | 1.1% | 0.00% |
| 12 | Northeast Bank | 1 | $116K | 0.8% | 0.00% |
| 13 | United Midwest Savings Bank National Association | 1 | $100K | 0.7% | 0.00% |
| 14 | Bank of Springfield | 1 | $92K | 0.6% | 0.00% |
| 15 | United Bank | 1 | $80K | 0.6% | 0.00% |
| 16 | SouthState Bank, National Association | 1 | $60K | 0.4% | 0.00% |
| 17 | Atlantic Union Bank | 1 | $50K | 0.4% | 0.00% |
| 18 | Manufacturers and Traders Trust Company | 1 | $25K | 0.2% | 0.00% |
| 19 | Wells Fargo Bank National Association | 1 | $20K | 0.1% | 0.00% |
| 20 | VelocitySBA, LLC | 2 | $13K | 0.1% | 91.30% |
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 | Other services | 5 | $2.6M | 17.9% |
| 2 | Retail trade | 4 | $2.3M | 16.0% |
| 3 | Manufacturing | 3 | $2.2M | 15.6% |
| 4 | Manufacturing | 1 | $1.8M | 12.6% |
| 5 | Arts, entertainment & recreation | 2 | $1.6M | 11.2% |
| 6 | Construction | 3 | $1.3M | 9.2% |
| 7 | Professional & technical services | 4 | $1.1M | 7.8% |
| 8 | Health care & social assistance | 4 | $655K | 4.6% |
| 9 | Accommodation & food services | 3 | $242K | 1.7% |
| 10 | Educational services | 1 | $225K | 1.6% |
| 11 | Manufacturing | 1 | $160K | 1.1% |
| 12 | Administrative & waste services | 2 | $68K | 0.5% |
| 13 | Transportation & warehousing | 1 | $17K | 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.