125 SBA loans worth $64.3M went to businesses in Norfolk, VA between October 2021 and June 2026, from 39 lenders. 504 Capital made the most, 25 loans. The median loan was $305,000, compared with $232,000 across Virginia, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | 504 Capital Certified development company · Chesapeake, VA | 25 | $17.3M | $424,000 | 8% |
| 2 | Newtek Bank Bank · Miami, FL | 14 | $5.8M | $262,500 | 21% |
| 3 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 9 | $1.4M | $54,000 | 33% |
| 4 | Fulton Bank Bank · Lancaster, PA | 7 | $2.9M | $350,000 | 43% |
| 5 | Wells Fargo Bank Bank · Sioux Falls, SD | 7 | $2.8M | $20,000 | 71% |
| 6 | Business Finance Group Certified development company · Fairfax, VA | 6 | $4.8M | $338,500 | 0% |
| 7 | Huntington National Bank Bank · Columbus, OH | 6 | $3.0M | $400,000 | 50% |
| 8 | BayFirst National Bank Bank · St. Petersburg, FL | 5 | $572K | $115,300 | 0% |
| 9 | Celtic Bank Bank · Salt Lake City, UT | 4 | $1.5M | $351,100 | 50% |
| 10 | BayPort Federal Credit Union Credit union · Newport News, VA | 4 | $525K | $107,500 | 25% |
| 11 | Northeast Bank Bank · Portland, ME | 3 | $425K | $125,000 | 0% |
| 12 | Truist Bank Bank · Charlotte, NC | 2 | $2.1M | $1,036,450 | 0% |
| 13 | Atlantic Union Bank Bank · Richmond City, VA | 2 | $1.7M | $831,000 | 100% |
| 14 | PNC Bank Bank · Wilmington, DE | 2 | $1.1M | $561,550 | 0% |
| 15 | First Bank of the Lake Bank · Osage Beach, MO | 2 | $1.1M | $546,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 17 | $306,000 | 504 Capital | |
| Retail | 17 | $176,000 | Business Finance Group | |
| Restaurants and hotels | 16 | $242,000 | 504 Capital | |
| Health care and social assistance | 13 | $248,000 | Newtek Bank | |
| Transportation and warehousing | 12 | $612,000 | Wells Fargo Bank | |
| Professional and technical services | 9 | $250,000 | 504 Capital | |
| Other services (repair, personal care) | 9 | $299,000 | Truist Bank | |
| Administrative and support services | 8 | $277,500 | 504 Capital |