Virginia National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Virginia National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621111 | Offices of Physicians (except Mental Health Specialists) | 9 | $1.2M | $136K | 4.4% |
| 713940 | Fitness and Recreational Sports Centers | 8 | $658K | $82K | 3.9% |
| 811111 | General Automotive Repair | 6 | $430K | $72K | 2.9% |
| 722511 | Full-Service Restaurants | 6 | $987K | $164K | 2.9% |
| 238990 | All Other Specialty Trade Contractors | 6 | $2.1M | $358K | 2.9% |
| 541990 | All Other Professional, Scientific, and Technical Services | 5 | $675K | $135K | 2.4% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 5 | $1.1M | $210K | 2.4% |
| 312120 | Breweries | 4 | $992K | $248K | 2.0% |
| 611620 | Sports and Recreation Instruction | 4 | $712K | $178K | 2.0% |
| 111421 | Nursery and Tree Production | 4 | $3.1M | $774K | 2.0% |
Geographic Distribution
SBA lending activity for Virginia National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 205 | $33.9M | 100.0% |
Why Choose Virginia National Bank?
Based on SBA 7(a) lending track record from 1992-2024
- ✓Proven Track Record: 205 SBA loans approved, totaling $33.9M in financing
- ✓Industry Expertise: Specialized focus on Offices of Physicians (except Mental Health Specialists), Fitness and Recreational Sports Centers, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 5.76% with flexible term lengths averaging 65 months
- ✓Loan Range: Loan sizes from $10K to $2.0M, with an average of $165K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in VA
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 Virginia National Bank SBA lending
What types of businesses does Virginia National Bank typically finance?
Virginia National Bank specializes in SBA 7(a) lending to specific industries including offices of physicians (except mental health specialists), fitness and recreational sports centers, general automotive repair, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Virginia National Bank's typical SBA loan terms?
Virginia National Bank's SBA 7(a) loans typically feature an average interest rate of 5.76% and average term length of 65 months (approximately 5 years). Loan sizes range from $10K to $2.0M, with an average loan size of $165K.
Do I need a business valuation for a Virginia National Bank SBA loan?
Yes, Virginia National Bank 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 Virginia National Bank compare to other SBA lenders?
Virginia National Bank has originated 205 SBA loans totaling $33.9M since 1992. 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 Virginia National Bank lend in?
Virginia National Bank provides SBA 7(a) financing with particularly strong presence in VA. 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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