SBA 7(a) Loans in Richmond, VA
Find lenders offering sba 7(a) loans in the Richmond, including Henrico, Glen Allen, Midlothian, and surrounding areas. Compare rates, terms, and programs from 87 lenders.
SBA 7(a) Lenders Serving Richmond
87 lenders offering sba 7(a) loans in the Richmond, VA area.
TowneBank
Local SBAPORTSMOUTH, VA
Virginia-based regional bank providing SBA 7(a) loans, commercial real estate financing, and business banking services. Serves businesses across Virginia, North Carolina, and Maryland.
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.
Primis Bank
Local SBATAPPAHANNOCK, VA
Atlantic Union Bank
Local SBARICHMOND, VA
Bank of Clarke
Local SBABERRYVILLE, VA
The Freedom Bank of Virginia
Local SBAFairfax, VA
John Marshall Bank
Local SBARESTON, VA
Freedom First Federal Credit Union
Local SBARoanoke, VA
New Horizon Bank, National Association
Local SBAPOWHATAN, VA
New Peoples Bank, Inc.
Local SBAHONAKER, VA
Select Bank
Local SBAFOREST, VA
MainStreet Bank
Local SBAFAIRFAX, VA
The National Bank of Blacksburg
Local SBABLACKSBURG, VA
Park View FCU
Local SBAHARRISONBURG, 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.
Richmond Commercial Real Estate Market
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.
SBA 7(a) Loans in Richmond, Virginia
SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans. In the Richmond metro area, borrowers can access 87 lenders offering SBA 7(a) financing, including Henrico, Glen Allen, Midlothian, and surrounding areas. Loan amounts typically range from $25K to $5M with rates from Prime + 1.5% to 3.75%.
Who Should Consider SBA 7(a) Loans?
- Small business owners
- Business acquisitions
- Working capital needs
- Commercial real estate purchase
Key Requirements
- For-profit business operating in the US
- Owner has invested equity
- Exhausted other financing options
- No delinquent government debt
- Credit score: 680+
Advantages
- ✓Low down payment (as low as 10%)
- ✓Competitive interest rates
- ✓Long repayment terms
- ✓Can be used for many purposes
Considerations
- •Lengthy application process
- •Extensive documentation required
- •Personal guarantee required
- •Collateral often needed
SBA 7(a) Loans in Other Virginia Cities
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