90 SBA loans worth $49.9M went to businesses in Newport News, VA between October 2021 and June 2026, from 32 lenders. Northeast Bank made the most, 15 loans. The median loan was $295,500, compared with $232,000 across Virginia, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Northeast Bank Bank · Portland, ME | 15 | $2.6M | $150,000 | 0% |
| 2 | 504 Capital Certified development company · Chesapeake, VA | 12 | $5.6M | $437,000 | 8% |
| 3 | Business Finance Group Certified development company · Fairfax, VA | 9 | $8.5M | $443,000 | 11% |
| 4 | Huntington National Bank Bank · Columbus, OH | 9 | $4.8M | $317,000 | 78% |
| 5 | Wells Fargo Bank Bank · Sioux Falls, SD | 5 | $854K | $50,000 | 60% |
| 6 | First National Bank of Pennsylvania Bank · Greenville, PA | 4 | $3.2M | $809,300 | 50% |
| 7 | Newtek Bank Bank · Miami, FL | 3 | $985K | $150,000 | 33% |
| 8 | Manufacturers and Traders Trust Bank · Buffalo, NY | 3 | $194K | $74,000 | 0% |
| 9 | Seacoast National Bank Bank · Stuart, FL | 2 | $5.5M | $2,750,000 | 0% |
| 10 | SouthState Bank Bank · Winter Haven, FL | 2 | $851K | $425,500 | 50% |
| 11 | Truist Bank Bank · Charlotte, NC | 2 | $829K | $414,350 | 0% |
| 12 | TowneBank Bank · Portsmouth, VA | 2 | $764K | $382,000 | 50% |
| 13 | ConnectOne Bank Bank · Englewood Cliffs, NJ | 2 | $500K | $250,000 | 50% |
| 14 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $70K | $35,000 | 0% |
| 15 | Bank of Oak Ridge Bank · Oak Ridge, NC | 1 | $4.3M | $4,295,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 14 | $137,500 | 504 Capital | |
| Other services (repair, personal care) | 14 | $526,200 | First National Bank of Pennsylvania | |
| Restaurants and hotels | 13 | $361,200 | Huntington National Bank | |
| Administrative and support services | 10 | $280,500 | Northeast Bank | |
| Construction | 8 | $228,350 | TowneBank | |
| Arts, entertainment and recreation | 6 | $439,650 | Huntington National Bank | |
| Professional and technical services | 6 | $135,400 | Seacoast National Bank | |
| Education | 4 | $112,000 | Manufacturers and Traders Trust |