SBA 504 Loans in Richmond, VA
Find lenders offering sba 504 loans in the Richmond, including Henrico, Glen Allen, Midlothian, and surrounding areas. Compare rates, terms, and programs from 20 lenders.
Which SBA 504 lenders serve Richmond?
20 lenders offering sba 504 loans in the Richmond, 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.
What does the Richmond commercial real estate market look like?
Richmond's commercial real estate market benefits from its position as Virginia's capital and a regional financial and legal services hub, with a downtown core anchored by the Federal Reserve Bank of Richmond, Dominion Energy's headquarters, and a revitalized riverfront district along the James River. The Scott's Addition neighborhood has transformed from a light-industrial area into one of the Mid-Atlantic's most active mixed-use development zones, attracting breweries, apartments, and creative office tenants. The West Broad Street corridor and Short Pump submarket in Henrico County serve as major suburban retail and office nodes, while the I-95 corridor through Chester and Midlothian supports growing industrial demand. Richmond's relatively low cost of living compared to Northern Virginia and D.C. has drawn corporate relocations and a surge of multifamily investment.
Key Economic Drivers
- ●Dominion Energy, CarMax, and Altria Group corporate headquarters anchoring downtown and suburban office demand
- ●VCU Health System and HCA Virginia hospital network driving medical office development
- ●Scott's Addition and Manchester neighborhood revitalization attracting adaptive reuse projects
- ●I-95 and I-64 interchange logistics positioning supporting distribution center growth
Market Insight
Richmond's Scott's Addition neighborhood has seen over $2 billion in development activity since 2015, converting former tobacco warehouses and industrial buildings into mixed-use projects that have reshaped the city's commercial landscape.
How do sba 504 loans work in Richmond, 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 Richmond metro area, borrowers can access 20 lenders offering SBA 504 financing, including Henrico, Glen Allen, Midlothian, 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
What are the 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)
SBA 504 Loans in Richmond FAQ
How many SBA 504 lenders serve Richmond, VA? ▼
What are SBA 504 loan rates in Richmond? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
Where else can I find sba 504 loans in Virginia?
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