SBA 504 Loans in Charlottesville, VA
Find lenders offering sba 504 loans in the Charlottesville, including Waynesboro, Staunton, and surrounding areas. Compare rates, terms, and programs from 20 lenders.
SBA 504 Lenders Serving Charlottesville
20 lenders offering sba 504 loans in the Charlottesville, VA area.
Capital One, National Association
Local SBAMCLEAN, VA
One of the nation's largest banks, offering SBA 7(a) loans, commercial real estate, lines of credit, and treasury management. Provides full-service business banking with digital-first convenience for small and mid-sized businesses.
Business Finance Group, Inc.
Local SBAFairfax, VA
504 Capital Corporation
Local SBAChesapeake, VA
Rappahannock Economic Development Corporation
Local SBAFredericksburg, VA
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Manufacturers and Traders Trust Company
SBABUFFALO, NY
M&T Bank is a major regional bank and one of the top SBA lenders by loan count in the Northeast. Offers SBA 7(a), Express, and 504 loans alongside a full range of commercial banking, commercial real estate, and small business products.
Cadence Bank
SBATUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
Zions Bank, A Division of
SBASALT LAKE CITY, UT
Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.
United Community Bank
SBAGreenville, SC
Regional bank serving the Southeast and an SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and comprehensive business banking.
Wilmington Savings Fund Society FSB
SBAWILMINGTON, DE
Delaware-based regional bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate financing, and full-service business banking across the Mid-Atlantic region.
First-Citizens Bank & Trust Company
SBARALEIGH, NC
One of the largest family-controlled banks in the U.S., headquartered in Raleigh, NC. Offers SBA 7(a) and 504 loans, commercial real estate, equipment financing, and lines of credit for businesses nationwide.
Charlottesville Commercial Real Estate Market
Charlottesville's commercial real estate market revolves around the University of Virginia, which serves as the city's largest employer and generates sustained demand for medical office, student housing, and retail properties along the University Avenue and Corner District corridors. The Downtown Mall, one of the longest pedestrian malls in the country, anchors the city's retail and restaurant scene and has attracted boutique office and hospitality investment. The 29 North corridor (Route 29) is the primary suburban commercial strip, hosting national retailers, medical offices, and the Hollymead Town Center development. Charlottesville's appeal as a livable small city with proximity to Shenandoah National Park has driven consistent multifamily and hospitality demand, though limited land supply constrains new development.
Key Economic Drivers
- ●University of Virginia and UVA Health System as the dominant employer and institution
- ●Charlottesville's wine country tourism and Shenandoah Valley hospitality market
- ●Defense and intelligence contractor offices serving nearby installations
- ●Growing remote-worker in-migration from the D.C. metro area
Market Insight
UVA Health System's ongoing multi-phase expansion, including the new University Hospital bed tower, has generated significant demand for medical office and supportive healthcare real estate within a five-mile radius of the Grounds.
SBA 504 Loans in Charlottesville, Virginia
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Charlottesville metro area, borrowers can access 20 lenders offering SBA 504 financing, including Waynesboro, Staunton, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who Should Consider SBA 504 Loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
Key Requirements
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
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