Freedom Bank of Virginia approved 42 SBA loans worth $43.5M between October 2021 and June 2026, ranking #613 of 2,283 SBA lenders nationally by loan count. Its median loan was $854,500, and 29% went to startups or businesses under two years old. It lent in 15 states, most often in Virginia, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Virginia | 12 | $6.7M | $507,500 | #70 |
| Maryland | 7 | $10.0M | $890,000 | #69 |
| New York | 6 | $5.1M | $837,500 | #138 |
| Michigan | 2 | $1.6M | $809,500 | #189 |
| District of Columbia | 2 | $1.4M | $683,000 | #51 |
| Florida | 2 | $944K | $472,000 | #248 |
| Massachusetts | 2 | $2.1M | $1,061,500 | #167 |
| Texas | 2 | $4.2M | $2,100,000 | #339 |
| Iowa | 1 | $2.5M | $2,500,000 | #197 |
| Georgia | 1 | $990K | $990,000 | #235 |
| California | 1 | $1.5M | $1,470,000 | #289 |
| Indiana | 1 | $1.2M | $1,165,000 | #197 |
| Missouri | 1 | $968K | $967,500 | #260 |
| North Carolina | 1 | $4.0M | $4,010,000 | #199 |
| Rhode Island | 1 | $320K | $320,000 | #86 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 7 | $800,000 | |
| Manufacturing | 6 | $990,000 | |
| Construction | 6 | $719,000 | |
| Administrative and support services | 4 | $248,050 | |
| Restaurants and hotels | 4 | $933,750 | |
| Health care and social assistance | 2 | $542,500 | |
| Arts, entertainment and recreation | 2 | $1,077,000 | |
| Wholesale trade | 2 | $1,625,000 | |
| Real estate and rental | 2 | $710,500 | |
| Professional and technical services | 2 | $1,082,500 |