SBA 7(a) lenders in Richmond City, VA

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

Lenders

78 institutions have SBA 7(a) loans on record in Richmond City, together $181.3M across 499 loans. Truist Bank is the largest, with 15% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Truist Bank	45	$27.3M	15.1%	0.00%
2	Wells Fargo Bank National Association	49	$16.2M	8.9%	0.24%
3	TowneBank	19	$12.9M	7.1%	0.32%
4	Manufacturers and Traders Trust Company	69	$7.1M	3.9%	1.32%
5	Primis Bank	28	$7.0M	3.9%	0.00%
6	Readycap Lending, LLC	14	$6.3M	3.5%	0.23%
7	First National Bank of Pennsylvania	10	$5.7M	3.2%	19.03%
8	Celtic Bank Corporation	9	$5.2M	2.9%	0.00%
9	Live Oak Banking Company	12	$5.0M	2.7%	0.00%
10	The Huntington National Bank	10	$4.1M	2.3%	0.00%
11	First Bank	3	$4.1M	2.3%	0.00%
12	The Ephrata National Bank	1	$3.7M	2.0%	0.00%
13	FinWise Bank	3	$3.6M	2.0%	0.00%
14	Ameris Bank	5	$3.2M	1.8%	0.00%
15	First Community Bank	8	$3.1M	1.7%	0.27%
16	The Bancorp Bank National Association	2	$3.0M	1.7%	0.00%
17	Fulton Bank, National Association	8	$3.0M	1.7%	0.00%
18	Hanmi Bank	2	$3.0M	1.6%	0.00%
19	Lender 2057189	10	$3.0M	1.6%	0.00%
20	Atlantic Union Bank	24	$2.7M	1.5%	2.61%
21	Northeast Bank	14	$2.7M	1.5%	3.36%
22	CRF Small Business Loan Company, LLC	2	$2.6M	1.4%	0.00%
23	Locus Bank Inc	12	$2.4M	1.3%	0.00%
24	Hana Small Business Lending, Inc.	1	$2.4M	1.3%	0.00%
25	BayFirst National Bank	14	$2.3M	1.3%	26.80%
26	Metro City Bank	2	$2.3M	1.3%	0.00%
27	Newtek Bank, National Association	5	$2.2M	1.2%	0.00%
28	Wachovia SBA Lending, Inc.	2	$2.1M	1.2%	0.00%
29	First-Citizens Bank & Trust Company	2	$2.0M	1.1%	0.00%
30	Beacon Bank and Trust	3	$1.9M	1.1%	0.00%
31	EagleBank	2	$1.8M	1.0%	0.00%
32	Bank of Hope	6	$1.6M	0.9%	0.26%
33	Banc of California	1	$1.5M	0.8%	0.00%
34	Acacia Federal Savings Bank	1	$1.5M	0.8%	0.00%
35	Bank of America, National Association	9	$1.5M	0.8%	0.00%
36	First Merchants Bank	2	$1.4M	0.8%	0.00%
37	Wilmington Savings Fund Society FSB	4	$1.4M	0.7%	0.00%
38	SouthState Bank, National Association	5	$1.4M	0.7%	0.00%
39	Coastal States Bank	1	$1.3M	0.7%	0.00%
40	Columbia Bank	7	$1.2M	0.7%	8.91%
41	Five Star Bank	4	$1.1M	0.6%	0.00%
42	Lendistry SBLC, LLC	4	$992K	0.5%	0.00%
43	First Business Bank	2	$852K	0.5%	0.00%
44	Carver State Bank	1	$782K	0.4%	0.00%
45	Stone Bank	2	$770K	0.4%	0.00%
46	Potomac Bank	2	$760K	0.4%	0.00%
47	Colony Bank	1	$663K	0.4%	0.00%
48	United Midwest Savings Bank National Association	4	$615K	0.3%	0.00%
49	JPMorgan Chase Bank, National Association	2	$550K	0.3%	0.00%
50	Quaint Oak Bank	2	$491K	0.3%	0.00%
51	New Horizon Bank, National Association	3	$455K	0.3%	0.00%
52	CenTrust Bank, A Division of SmartBiz Bank National Association	2	$455K	0.3%	0.00%
53	Citizens Bank and Trust Company	3	$421K	0.2%	2.90%
54	Bank Five Nine	1	$410K	0.2%	0.00%
55	Shoreham Bank	1	$400K	0.2%	0.00%
56	Stearns Bank National Association	2	$391K	0.2%	0.00%
57	Mechanics and Farmers Bank	1	$353K	0.2%	0.00%
58	Fund-Ex Solutions Group, LLC	1	$349K	0.2%	0.00%
59	Midland States Bank	1	$321K	0.2%	54.95%
60	PromiseOne Bank	1	$290K	0.2%	0.00%
61	Institute Capital, Inc.	1	$275K	0.2%	0.00%
62	Mountain Valley Bank National Association	2	$250K	0.1%	0.00%
63	Virginia National Bank	1	$240K	0.1%	0.00%
64	Popular Bank	2	$230K	0.1%	0.00%
65	Business Finance Group, Inc.	2	$229K	0.1%	0.00%
66	Gulf Coast Bank and Trust Company	1	$225K	0.1%	0.00%
67	TD Bank, National Association	2	$225K	0.1%	0.00%
68	First Bank of the Lake	1	$210K	0.1%	0.00%
69	CDC Small Business Finance Corp.	1	$180K	0.1%	0.00%
70	Florida Capital Bank, National Association	1	$162K	0.1%	0.00%
71	Heritage Bank Inc	1	$139K	0.1%	0.00%
72	Burke & Herbert Bank & Trust Company	1	$130K	0.1%	0.00%
73	Independence Bank	1	$125K	0.1%	0.00%
74	Peoples Bank	1	$120K	0.1%	0.00%
75	Capital One National Association	2	$100K	0.1%	0.00%
76	VelocitySBA, LLC	11	$90K	0.0%	15.93%
77	U.S. Bank, National Association	1	$50K	0.0%	0.00%
78	Citizens and Farmers Bank	1	$50K	0.0%	99.20%

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	82	$31.6M	17.4%
2	Other services	49	$19.9M	11.0%
3	Retail trade	60	$18.2M	10.0%
4	Construction	52	$16.7M	9.2%
5	Professional & technical services	70	$15.6M	8.6%
6	Manufacturing	21	$14.8M	8.2%
7	Manufacturing	10	$14.4M	8.0%
8	Health care & social assistance	29	$10.9M	6.0%
9	Retail trade	26	$8.2M	4.5%
10	Administrative & waste services	22	$7.9M	4.4%
11	Wholesale trade	10	$7.5M	4.1%
12	Manufacturing	17	$3.4M	1.8%
13	Arts, entertainment & recreation	13	$3.1M	1.7%
14	Finance & insurance	7	$2.1M	1.2%
15	Transportation & warehousing	2	$2.1M	1.1%
16	Transportation & warehousing	12	$2.0M	1.1%
17	Real estate & leasing	6	$1.9M	1.0%
18	Mining & extraction	2	$450K	0.2%
19	Information	6	$304K	0.2%
20	Educational services	3	$165K	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.