US Lender Metrics Get a Lender Match
Home › SBA lenders by state › Virginia › Suffolk

SBA lenders in Suffolk, VA

SBA 7(a) and 504 loans to businesses in Suffolk (City of Suffolk County), October 2021 to June 30, 2026 · Updated October 15, 2026
45
SBA loans approved
$39.3M
Total approved
$350,000
Median loan
25
Lenders active
44%
To startups

45 SBA loans worth $39.3M went to businesses in Suffolk, VA between October 2021 and June 2026, from 25 lenders. Fulton Bank made the most, 5 loans. The median loan was $350,000, compared with $232,000 across Virginia, and other services (repair, personal care) was the most financed industry.

Most active SBA lenders in Suffolk

#LenderLoansApprovedMedian loanTo startups
1Fulton Bank
Bank · Lancaster, PA
5$3.7M$826,00060%
2Wells Fargo Bank
Bank · Sioux Falls, SD
5$688K$20,00060%
3504 Capital
Certified development company · Chesapeake, VA
3$2.1M$516,00033%
4Northeast Bank
Bank · Portland, ME
3$471K$121,4000%
5BayFirst National Bank
Bank · St. Petersburg, FL
3$262K$109,0000%
6Business Finance Group
Certified development company · Fairfax, VA
2$5.6M$2,796,0000%
7Enterprise Bank & Trust
Bank · Clayton, MO
2$1.2M$606,0000%
8Atlantic Union Bank
Bank · Richmond City, VA
2$1.0M$505,000100%
9Newtek Small Business Finance
Non-bank lender · Lake Success, NY
2$628K$314,00050%
10Newtek Bank
Bank · Miami, FL
2$350K$175,00050%
11Colony Bank
Bank · Fitzgerald, GA
2$300K$150,0000%
12Woori America Bank
Bank · New York, NY
1$5.0M$5,000,0000%
13Rappahannock Economic Development
Certified development company · Fredericksburg, VA
1$3.8M$3,808,000100%
14First National Bank of Pennsylvania
Bank · Greenville, PA
1$3.7M$3,690,000100%
15First Internet Bank of Indiana
Bank · Fishers, IN
1$3.7M$3,651,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Suffolk. For 504 loans the lender shown is the certified development company.

What gets financed in Suffolk

IndustryLoansShareMedian loanMost active lender
Other services (repair, personal care)7
16%
$826,000Fulton Bank
Retail6
13%
$101,350Colony Bank
Professional and technical services5
11%
$250,000CenTrust Bank, A Division of SmartBiz Bank
Construction5
11%
$125,000Fulton Bank
Health care and social assistance4
9%
$596,050Enterprise Bank & Trust
Manufacturing4
9%
$57,500Wells Fargo Bank
Transportation and warehousing3
7%
$500,000Wells Fargo Bank
Restaurants and hotels3
7%
$1,425,000First Business Bank
Loan size mix
  • Under $150,00033%
  • $150,000 to $500,00024%
  • $500,000 to $2 million29%
  • $2 million and up13%
Compared with Virginia
Median loan, Suffolk
$350,000
Median loan, Virginia
$232,000
Startup share, Suffolk
44%
Startup share, Virginia
37%
Share of state's SBA loans
0.8%

SBA loans per fiscal year in Suffolk

071320FY14: 9 loansFY14FY15: 7 loansFY15FY16: 1 loansFY16FY17: 9 loansFY17FY18: 12 loansFY1812FY19: 10 loansFY19FY20: 2 loansFY20FY21: 9 loansFY21FY22: 8 loansFY22FY23: 10 loansFY23FY24: 9 loansFY24FY25: 12 loansFY25FY26 (Oct to Jun): 6 loansFY266
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.