The Freedom Bank of Virginia
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Freedom Bank of Virginia
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 32 | $10.8M | $337K | 9.5% |
| 445320 | Other | 32 | $19.5M | $609K | 9.5% |
| 314999 | All Other Miscellaneous Textile Product Mills | 16 | $13.5M | $843K | 4.8% |
| 445310 | Beer, Wine, and Liquor Stores | 16 | $13.5M | $845K | 4.8% |
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 16 | $15.8M | $990K | 4.8% |
| 541990 | All Other Professional, Scientific, and Technical Services | 16 | $17.3M | $1.1M | 4.8% |
| 236118 | Residential Remodelers | 16 | $10.1M | $629K | 4.8% |
| 721110 | Hotels (except Casino Hotels) and Motels | 16 | $27.7M | $1.7M | 4.8% |
| 722513 | Limited-Service Restaurants | 8 | $2.0M | $250K | 2.4% |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 8 | $8.4M | $1.1M | 2.4% |
Geographic Distribution
SBA lending activity for The Freedom Bank of Virginia by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 56 | $95.5M | 16.7% |
| Virginia (VA) | 88 | $43.4M | 26.2% |
| New York (NY) | 48 | $40.9M | 14.3% |
| Texas (TX) | 16 | $33.6M | 4.8% |
| North Carolina (NC) | 8 | $32.1M | 2.4% |
| Iowa (IA) | 8 | $20.0M | 2.4% |
| Massachusetts (MA) | 16 | $17.0M | 4.8% |
| Michigan (MI) | 16 | $13.0M | 4.8% |
| Florida (FL) | 24 | $11.9M | 7.1% |
| California (CA) | 8 | $11.8M | 2.4% |
| District of Columbia (DC) | 16 | $10.9M | 4.8% |
| Indiana (IN) | 8 | $9.3M | 2.4% |
| Georgia (GA) | 8 | $7.9M | 2.4% |
| Missouri (MO) | 8 | $7.7M | 2.4% |
| Rhode Island (RI) | 8 | $2.6M | 2.4% |
Why Choose The Freedom Bank of Virginia?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 336 SBA loans approved, totaling $357.6M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Other, All Other Miscellaneous Textile Product Mills
- ✓Competitive Terms: Average interest rate of 8.24% with flexible term lengths averaging 144 months
- ✓Loan Range: Loan sizes from $50K to $4.9M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 15 states, with strong presence in VA, MD, NY
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about The Freedom Bank of Virginia SBA lending
What types of businesses does The Freedom Bank of Virginia typically finance?
The Freedom Bank of Virginia specializes in SBA 7(a) lending to specific industries including landscaping services, other, all other miscellaneous textile product mills, beer, wine, and liquor stores. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Freedom Bank of Virginia's typical SBA loan terms?
The Freedom Bank of Virginia's SBA 7(a) loans typically feature an average interest rate of 8.24% and average term length of 144 months (approximately 12 years). Loan sizes range from $50K to $4.9M, with an average loan size of $1.1M.
Do I need a business valuation for a The Freedom Bank of Virginia SBA loan?
Yes, The Freedom Bank of Virginia typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does The Freedom Bank of Virginia compare to other SBA lenders?
The Freedom Bank of Virginia has originated 336 SBA loans totaling $357.6M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does The Freedom Bank of Virginia lend in?
The Freedom Bank of Virginia provides SBA 7(a) financing with particularly strong presence in VA, MD, NY, FL, TX. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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