50 SBA loans worth $22.8M went to businesses in Portsmouth, VA between October 2021 and June 2026, from 18 lenders. 504 Capital made the most, 13 loans. The median loan was $295,000, 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 | 13 | $5.2M | $344,000 | 0% |
| 2 | Northeast Bank Bank · Portland, ME | 5 | $557K | $50,000 | 20% |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 5 | $80K | $15,000 | 100% |
| 4 | Business Finance Group Certified development company · Fairfax, VA | 4 | $1.8M | $467,000 | 0% |
| 5 | Harvest Small Business Finance Non-bank lender · Laguna Hills, CA | 3 | $2.0M | $500,000 | 0% |
| 6 | Truist Bank Bank · Charlotte, NC | 3 | $1.6M | $250,000 | 33% |
| 7 | Fulton Bank Bank · Lancaster, PA | 3 | $883K | $361,000 | 100% |
| 8 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $150K | $50,000 | 0% |
| 9 | Atlantic Union Bank Bank · Richmond City, VA | 2 | $2.8M | $1,383,000 | 0% |
| 10 | US Metro Bank Bank · Garden Grove, CA | 1 | $3.4M | $3,380,000 | 100% |
| 11 | U.S. Bank Bank · Cincinnati, OH | 1 | $1.7M | $1,676,000 | 0% |
| 12 | TowneBank Bank · Portsmouth, VA | 1 | $1.4M | $1,353,100 | 0% |
| 13 | Newtek Bank Bank · Miami, FL | 1 | $350K | $350,000 | 0% |
| 14 | Huntington National Bank Bank · Columbus, OH | 1 | $350K | $350,000 | 0% |
| 15 | SouthState Bank Bank · Winter Haven, FL | 1 | $310K | $310,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 12 | $382,000 | 504 Capital | |
| Transportation and warehousing | 7 | $200,000 | Northeast Bank | |
| Professional and technical services | 5 | $25,000 | Northeast Bank | |
| Retail | 5 | $207,000 | 504 Capital | |
| Other services (repair, personal care) | 4 | $313,000 | Business Finance Group | |
| Restaurants and hotels | 4 | $136,000 | 504 Capital | |
| Health care and social assistance | 4 | $188,500 | Business Finance Group | |
| Wholesale trade | 3 | $500,000 | Atlantic Union Bank |