# TowneBank SBA loans in Virginia **Short answer:** SBA's loan file shows TowneBank made 80 SBA loans in Virginia since October 2019. 11.2% went to startups, against 34.1% of its loans nationally. The lender made 1.4% of Virginia's SBA loans, against 0.32% of loans nationwide. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/townebank/virginia/ Data as of: 2026-06-30 This site is not TowneBank sbaexpress.loans is not TowneBank, and TowneBank 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 TowneBank. These are the 80 SBA 7(a) loans [TowneBank](https://www.sbaexpress.loans/sba-express-lenders/townebank/) made in [Virginia](https://www.sbaexpress.loans/virginia-small-business-loans/) approved October 2019 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. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How TowneBank differs in Virginia **What this means for you.** If yours is a new business, TowneBank funded startups less often here than it did elsewhere, so ask early whether a lender funds new businesses. ### Startups 11.2% of the loans in Virginia went to startups, where the loan opens the business, against 34.1% of its loans nationally. Startups (the loan opens the business), share of loans, Oct 2019 to Jun 2026 - Virginia: 11.2% - All its U.S. loans: 34.1% ### Share of the state's loans TowneBank made 1.4% of the SBA loans approved in Virginia since October 2019, against 0.32% of loans nationwide. Its share here is 4.4 times its national share. Share of all SBA loans, Oct 2019 to Jun 2026 - Virginia: 1.4% - All its U.S. loans: 0.32% We compared 9 measures with the national figure for the same period, and these are the 2 that differ clearly. One more difference is in the table. ## Virginia next to the U.S. **Virginia compared with all of TowneBank's U.S. loans, October 2019 to June 2026** | Measure | Virginia | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 1.4% | 0.32% | Clearly higher | | Median loan | $543,850 | $624,000 | No clear gap | | Middle half of loans | $192,700 to $1,085,050 | $250,000 to $1,178,125 | – | | Startups (the loan opens the business) | 11.2% | 34.1% | Clearly lower | | In business 2 years or less | 12.5% | 17.4% | No clear gap | | In business more than 2 years | 46.2% | 22.8% | Clearly higher | | Change of ownership | 30.0% | 25.5% | No clear gap | | SBA Express | 30.0% | 20.8% | No clear gap | | Lines of credit | 18.8% | 17.9% | No clear gap | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.25 points over Prime | 2.5 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 TowneBank lends to in Virginia The 2 industries below account for 11 of the 80 loans approved October 2019 to June 2026, or 13.8%. 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/) | 6 | 7.5% | 7.4% | | [All Other Specialty Trade Contractors](https://www.sbaexpress.loans/industries/all-other-specialty-trade-contractors/) | 5 | 6.2% | 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. ## TowneBank in other states Other states where these loans differ clearly from the national pattern, most loans first. **TowneBank by state** | State | Loans since October 2019 | | --- | --- | | [Florida](https://www.sbaexpress.loans/sba-express-lenders/townebank/florida/) | 160 | ## 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 | | --- | --- | | [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/virginia/) | 648 | | [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 | | [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, 2019 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)