# Small business loans in Virginia Beach, VA

**Short answer:** The most active SBA lenders in Virginia Beach, VA since FY2024 are The Huntington National Bank (18 loans) and Northeast Bank (12). The median loan was $204,500, and half fell between $100,000 and $573,500. For free help, see the Virginia SBDC Network. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/virginia-small-business-loans/virginia-beach/
Data as of: 2026-06-30

## Lenders making SBA loans in Virginia Beach

No lender made more than 12% of the loans in Virginia Beach, and The Huntington National Bank made the most. The five largest lenders together made 37%.

**Lenders with five or more SBA loans in Virginia Beach, VA, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/virginia/) | 18 | 11.6% |
| [Northeast Bank](https://www.sbaexpress.loans/sba-express-lenders/northeast-bank/) | 12 | 7.7% |
| [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/): Non-bank lender | 11 | 7.1% |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 10 | 6.5% |
| [Atlantic Union Bank](https://www.sbaexpress.loans/sba-express-lenders/atlantic-union-bank/) | 7 | 4.5% |

Share is the percent of all Virginia Beach loans in that period. Each name links to that lender's page for Virginia where one exists.

## Local help near Virginia Beach

Virginia Beach borrowers can start with SBA's district offices for Virginia, an SBDC or SCORE.

40% of Virginia Beach borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA runs two district offices that cover Virginia. Each page points to state and federal resources and to lenders in its area. The Virginia SBDC Network gives free counseling across Virginia.

- [SBA Virginia District Office: SBA district office](https://www.sba.gov/district/virginia)
- [SBA Washington Metropolitan Area District Office: SBA district office](https://www.sba.gov/district/washington-metropolitan)
- [Virginia SBDC Network: Small Business Development Center](https://www.virginiasbdc.org/)
- [SCORE mentors in Virginia: Business mentoring](https://www.score.org/va/)

Alongside SBA loans, Virginia runs four loan programs. The [Virginia page](https://www.sbaexpress.loans/virginia-small-business-loans/#loan-programs-in-virginia) describes each, and the official pages are linked here.

- [VSBFA Microloan Program](https://sbsd.virginia.gov/loan-programs/#microloan)
- [VSBFA Economic Development Loan Program](https://sbsd.virginia.gov/loan-programs/#economic-development-loan)
- [VSBFA SSBCI 2.0 Capital Connect Program](https://sbsd.virginia.gov/loan-programs/#cap-connect)
- [VSBFA credit support programs](https://sbsd.virginia.gov/credit-support-programs/)

## Loan counts and sizes in Virginia Beach

Virginia Beach ranks 3rd by loans since FY2024 among the 15 Virginia cities with 100 or more SBA loans since FY2020. Nationally it is the 110th busiest of the 580 cities that reach 100 loans.

The 155 loans, 5.3% of the 2,948 in Virginia, were approved for $93.4 million in all. The median loan was $204,500, 36% above the national median of $150,300. Half of the loans fell between $100,000 and $573,500. The Virginia median is $200,000.

**Virginia Beach, VA compared with Virginia and the nation, loans from FY2024 to June 2026**

| Measure | Virginia Beach | Virginia | U.S. |
| --- | --- | --- | --- |
| Loans | 155 | 2,948 | 162,355 |
| Median loan | $204,500 | $200,000 | $150,300 |
| 25th percentile | $100,000 | $80,000 | $50,000 |
| 75th percentile | $573,500 | $500,000 | $500,000 |
| Via SBA Express | 18.7% | 30.0% | 35.8% |
| Lines of credit | 15.5% | 22.4% | 28.1% |
| Startups | 31.6% | 23.2% | 16.1% |
| Ownership changes | 9.0% | 10.1% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 3.6% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

73% of the loans were $500,000 or less, the size SBA Express covers. 18.7% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 15.5% of loans, below the national 28.1%.

SBA loans in Virginia Beach, VA by size, FY2024 to June 2026

- $50,000 or less (17%): 26
- $50,001 to $150,000 (28%): 43
- $150,001 to $350,000 (18%): 28
- $350,001 to $500,000 (10%): 16
- $500,001 to $1,000,000 (10%): 16
- $1,000,001 to $2,000,000 (10%): 15
- Over $2,000,000 (7%): 11

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 51.0% of loans went to businesses more than two years old and 8.4% to businesses two years old or younger. Startups received 31.6% and changes of ownership 9.0%. The national startup share is 16.1%.

SBA loans in Virginia Beach, VA by fiscal year

- FY2020: 26
- FY2021: 25
- FY2022: 42
- FY2023: 45
- FY2024: 58
- FY2025: 62
- FY2026 (through June 30): 35

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 7% from FY2024 (58 loans) to FY2025 (62), the two latest full years. The busiest full year in the file was FY2025, with 62 loans. FY2026 already shows 35 loans through June 30.

Of the 93 loans Virginia Beach borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 2,183 jobs supported across the 155 loans since FY2024, about 14.1 per loan. SBA does not audit these estimates.

## What businesses in Virginia Beach borrow for

Limited-Service Restaurants was the largest borrower group in Virginia Beach, with 12 loans or 7.7% of the total.

The five largest industries made up 28% of all Virginia Beach loans. All Other Amusement and Recreation Industries stands out: its 11 loans are 7.1% of Virginia Beach loans, against 0.9% nationally, 8.3 times its national share.

**Industries with the most SBA loans in Virginia Beach, VA, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 12 | 7.7% | 3.3% |
| [All Other Amusement and Recreation Industries](https://www.sbaexpress.loans/industries/all-other-amusement-recreation-industries/virginia/) | 11 | 7.1% | 0.9% |
| [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/) | 9 | 5.8% | 2.1% |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/virginia/) | 7 | 4.5% | 4.6% |
| [Home Health Care Services](https://www.sbaexpress.loans/industries/home-health-care-services/) | 5 | 3.2% | 1.0% |

Share is the percent of all Virginia Beach loans in that period. Industry is the NAICS code on each loan. A name links to the Virginia page for that industry where one exists.

## A typical loan payment in Virginia Beach

The median Virginia Beach loan was $204,500 with a median term of 10 years.

The median variable-rate loan in Virginia Beach was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $204,500 over 10 years, principal and interest would come to about $2,674 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Virginia Beach loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $100,000 | $1,308 |
| Median loan | $204,500 | $2,674 |
| 75th percentile loan | $573,500 | $7,500 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $204,500 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Virginia Beach loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $200,000 loan](https://www.sbaexpress.loans/loan-amounts/200000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Virginia Beach

Virginia Beach has 19 SBA 504 loans since FY2024, with $14.1 million in SBA and CDC dollars.

The median 504 loan in Virginia Beach was $472,000 in SBA and CDC dollars, 9% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

504 Capital Corporation is the Certified Development Company (CDC) named on the most loans since FY2020, with 51. Business Finance Group, Inc. follows with 20. The two CDCs listed are named on 71 loans between them.

**CDCs named on five or more 504 loans in Virginia Beach, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| 504 Capital Corporation | 51 |
| Business Finance Group, Inc. | 20 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Virginia cities near Virginia Beach

Virginia Beach made up 5.3% of Virginia's SBA loans since FY2024.

Virginia Beach is one of 15 Virginia cities with 100 or more SBA loans since FY2020. The [Virginia page](https://www.sbaexpress.loans/virginia-small-business-loans/) covers all 2,948 loans in Virginia. The closest come first, ranked by county and ZIP code on their loans.

- [Chesapeake: 89 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/chesapeake/)
- [Richmond: 167 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/richmond/)
- [Midlothian: 58 loans, median $250,000](https://www.sbaexpress.loans/virginia-small-business-loans/midlothian/)
- [Fredericksburg: 114 loans, median $300,000](https://www.sbaexpress.loans/virginia-small-business-loans/fredericksburg/)
- [Alexandria: 162 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/alexandria/)
- [Arlington: 82 loans, median $205,000](https://www.sbaexpress.loans/virginia-small-business-loans/arlington/)
- [Woodbridge: 63 loans, median $110,000](https://www.sbaexpress.loans/virginia-small-business-loans/woodbridge/)
- [Falls Church: 69 loans, median $167,000](https://www.sbaexpress.loans/virginia-small-business-loans/falls-church/)

## Common questions about SBA loans in Virginia Beach

### Which lenders make the most SBA loans in Virginia Beach?

The Huntington National Bank leads with 18 loans in Virginia Beach since FY2024. Northeast Bank (12) and Readycap Lending, LLC (11) follow. Only lenders with five or more Virginia Beach loans are counted.

### Which industries get SBA loans in Virginia Beach?

Limited-Service Restaurants leads with 12 loans in Virginia Beach since FY2024. All Other Amusement and Recreation Industries (11) and Fitness and Recreational Sports Centers (9) follow.

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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [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)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Virginia District Office](https://www.sba.gov/district/virginia)
- [SBA Washington Metropolitan Area District Office](https://www.sba.gov/district/washington-metropolitan)
- [Virginia SBDC Network](https://www.virginiasbdc.org/)
- [SCORE, Virginia](https://www.score.org/va/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)