# M&T Bank SBA loans in Virginia **Short answer:** SBA's loan file shows M&T Bank made 361 SBA loans in Virginia since October 2023. 25.5% went to startups, against 16.8% of its loans nationally. The median loan was $70,000, 40% above its national median of $50,000. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/virginia/ Data as of: 2026-06-30 This site is not M&T Bank sbaexpress.loans is not M&T Bank, and M&T Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from M&T Bank. These are the 361 SBA 7(a) loans [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/) made in [Virginia](https://www.sbaexpress.loans/virginia-small-business-loans/) approved October 2023 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. ## How M&T Bank differs in Virginia **What this means for you.** If yours is a new business, M&T Bank funded startups more often here than it did elsewhere. ### Startups 25.5% of the loans in Virginia went to startups, where the loan opens the business, against 16.8% of its loans nationally. Startups (the loan opens the business), share of loans, Oct 2023 to Jun 2026 - Virginia: 25.5% - All its U.S. loans: 16.8% ### Loan size The median loan was $70,000 in Virginia, 40% above its national median of $50,000. The middle half of loans in Virginia ran from $25,000 to $160,000. For all its loans the middle half ran from $25,000 to $100,000. Median loan, Oct 2023 to Jun 2026 - Virginia: $70,000 - All its U.S. loans: $50,000 ### Share of the state's loans M&T Bank made 12.2% of the SBA loans approved in Virginia since October 2023, against 3.7% of loans nationwide. Its share here is 3.3 times its national share. Share of all SBA loans, Oct 2023 to Jun 2026 - Virginia: 12.2% - All its U.S. loans: 3.7% We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. The table compares every measure. ## Virginia next to the U.S. **Virginia compared with all of M&T Bank's U.S. loans, October 2023 to June 2026** | Measure | Virginia | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 12.2% | 3.7% | Clearly higher | | Median loan | $70,000 | $50,000 | Clearly higher | | Middle half of loans | $25,000 to $160,000 | $25,000 to $100,000 | – | | Startups (the loan opens the business) | 25.5% | 16.8% | Clearly higher | | In business 2 years or less | 26.6% | 26.1% | No clear gap | | In business more than 2 years | 44.3% | 53.9% | No clear gap | | Change of ownership | 3.6% | 3.2% | No clear gap | | SBA Express | 77.8% | 82.4% | No clear gap | | Lines of credit | 48.8% | 55.1% | No clear gap | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 3 points over Prime | 3.75 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## What M&T Bank lends to in Virginia The 5 industries below account for 70 of the 361 loans approved October 2023 to June 2026, or 19.4%. An industry is listed when it has 5 or more of them, five at most. **Top industries in Virginia** | Industry | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/) | 22 | 6.1% | 4.8% | | [Offices of Lawyers](https://www.sbaexpress.loans/industries/offices-of-lawyers/) | 15 | 4.2% | Not in top 5 | | [Computer Systems Design Services](https://www.sbaexpress.loans/industries/computer-systems-design-services/) | 14 | 3.9% | Not in top 5 | | [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/) | 10 | 2.8% | Not in top 5 | | [Administrative Management and General Management Consulting Services](https://www.sbaexpress.loans/industries/administrative-management-general-management-consulting-services/) | 9 | 2.5% | Not in top 5 | Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries. ## M&T Bank in other states Other states where these loans differ clearly from the national pattern, most loans first. **M&T Bank by state** | State | Loans since October 2019 | | --- | --- | | [Maine](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/maine/) | 84 | ## Other lenders in Virginia Other lenders in Virginia with a clear difference from the national pattern, most loans first. **Other lenders in Virginia** | Lender | Loans since October 2019 | | --- | --- | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/virginia/) | 390 | | [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/virginia/) | 194 | | [TowneBank](https://www.sbaexpress.loans/sba-express-lenders/townebank/virginia/) | 80 | | [PNC Bank](https://www.sbaexpress.loans/sba-express-lenders/pnc-bank/virginia/) | 66 | | [Capital Bank](https://www.sbaexpress.loans/sba-express-lenders/capital-bank/virginia/) | 63 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2023 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)