SBA Loans for Electrical Contractors in Virginia: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
63
in Virginia
Median Loan Size
$209,700
per approval
Recent Activity
5
last 90 days through Dec 2025
NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 63 approvals on record and a median loan size of $209,700.
Key trends & insights
- Manufacturers AND Traders Trust Company leads this industry with 9 approvals (17% market share) and a median loan of $70,000.
- Electrical Contractors in Virginia loans skew smaller than the SBA average at $209,700 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 9 | $70,000 | |
| 2 | 6 | $152,500 | |
| 3 | 4 | $275,000 | |
| 4 | 4 | $107,550 | |
| 5 | 4 | $50,000 | |
| 6 | 3 | $126,000 | |
| 7 | 2 | $524,500 | |
| 8 | 2 | $1,275,000 | |
| 9 | 2 | $1,072,500 | |
| 10 | 2 | $600,000 | |
| 11 | 2 | $207,100 | |
| 12 | 2 | $12,500 | |
| 13 | 2 | $418,100 | |
| 14 | 2 | $65,000 | |
| 15 | 1 | $150,000 | |
| 16 | 1 | $1,806,000 | |
| 17 | 1 | $887,900 | |
| 18 | 1 | $65,000 | |
| 19 | 1 | $50,000 | |
| 20 | 1 | $265,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | HomeTrust Bank | Cer***** DC | VIENNA, VA | $620,000 |
| 2025-08 | HomeTrust Bank | SLA*****LLC | DANVILLE, VA | $429,000 |
| 2025-08 | First Bank of the Lake | The*****any | RICHMOND, VA | $209,700 |
| 2025-08 | Northeast Bank | A T*****INC | ANNANDALE, VA | $65,100 |
| 2025-06 | Manufacturers and Traders Trust Company | Pro*****nc. | MANASSAS, VA | $250,000 |
| 2025-05 | Fulton Bank, National Association | Cul*****LLC | SUFFOLK, VA | $1,050,000 |
| 2025-05 | Fulton Bank, National Association | Cul*****LLC | SUFFOLK, VA | $150,000 |
| 2025-05 | Citizens Bank | Gal*****LLC | VIRGINIA BEACH, VA | $298,000 |
| 2025-03 | First Commonwealth Bank | J&J*****LLC | SPRINGFIELD, VA | $150,000 |
| 2025-03 | First Bank of the Lake | Pat*****ter | VIRGINIA BEACH, VA | $204,500 |
| 2025-03 | Ameris Bank | CSM*****LLC | RICHMOND, VA | $887,900 |
| 2025-02 | Celtic Bank Corporation | MVS*****LLC | LORTON, VA | $100,000 |
| 2025-01 | Newtek Bank, National Association | M&M*****LLC | Maidens, VA | $400,000 |
| 2025-01 | Readycap Lending, LLC | Vir*****Inc | WILLIAMSBURG, VA | $50,000 |
| 2024-11 | Northeast Bank | BUI*****LLC | FREDERICKSBURG, VA | $225,000 |
| 2024-08 | BayFirst National Bank | HVA*****LLC | STAFFORD, VA | $36,400 |
| 2024-08 | Northeast Bank | SOU*****LLC | Ruther Glen, VA | $50,000 |
| 2024-08 | Skyline National Bank | Siz*****LLC | Galax, VA | $247,900 |
| 2024-08 | Bank of Oak Ridge | Sun*****ore | HAMPTON, VA | $1,806,000 |
| 2024-05 | United Midwest Savings Bank National Association | Zac*****Rva | Midlothian, VA | $150,000 |
| 2024-03 | Merchants & Marine Bank | Spe*****Inc | Chantilly, VA | $600,000 |
| 2024-02 | The Huntington National Bank | NMC*****LLC | LEESBURG, VA | $255,000 |
| 2024-02 | The Huntington National Bank | NMC*****LLC | LEESBURG, VA | $50,000 |
| 2024-02 | Readycap Lending, LLC | Med*****.C. | Portsmouth, VA | $50,000 |
| 2024-01 | The Huntington National Bank | Ham*****LLC | VIENNA, VA | $275,000 |
| 2024-01 | The Huntington National Bank | Ham*****LLC | VIENNA, VA | $40,000 |
| 2023-10 | Readycap Lending, LLC | RLG*****LLC | Portsmouth, VA | $50,000 |
| 2023-08 | Bank of America, National Association | Cor*****LLC | CHESAPEAKE, VA | $486,000 |
| 2023-07 | Manufacturers and Traders Trust Company | JS *****LLC | WOODBRIDGE, VA | $50,000 |
| 2023-07 | Primis Bank | Atl*****LLC | AMELIA COURT HOUSE, VA | $495,000 |
| 2023-07 | Capital Bank, National Association | Alt*****LLC | Sterling, VA | $650,000 |
| 2023-05 | Northeast Bank | Fli*****nc. | BURKE, VA | $150,000 |
| 2023-04 | Cadence Bank | Coo*****LLC | FALLS CHURCH, VA | $265,000 |
| 2023-04 | Manufacturers and Traders Trust Company | Mot*****LLC | ASHLAND, VA | $25,000 |
| 2023-02 | Manufacturers and Traders Trust Company | DMV*****LLC | HERNDON, VA | $247,000 |
| 2023-02 | Manufacturers and Traders Trust Company | DMV*****LLC | HERNDON, VA | $20,000 |
| 2023-02 | BayFirst National Bank | SJ *****nc. | CENTREVILLE, VA | $126,000 |
| 2022-12 | Bank of America, National Association | AIR*****LLC | CHESAPEAKE, VA | $350,200 |
| 2022-12 | TD Bank, National Association | Nor*****LLC | FAIRFAX, VA | $50,000 |
| 2022-12 | University of Virginia Community Credit Union Inc | RAF*****NC. | PALMYRA, VA | $540,000 |
| 2022-11 | Central Virginia Federal Credit Union | Wah*****ies | Lynchburg, VA | $230,000 |
| 2022-11 | Readycap Lending, LLC | Flo*****nia | Smithfield, VA | $170,000 |
| 2022-08 | The Huntington National Bank | 4w****LLC | Woodbridge, VA | $30,000 |
| 2022-08 | The Huntington National Bank | 4w****LLC | Woodbridge, VA | $265,000 |
| 2022-08 | First National Bank of Pennsylvania | SR***LLC | MIDLOTHIAN, VA | $150,000 |
| 2022-08 | First National Bank of Pennsylvania | SR***LLC | MIDLOTHIAN, VA | $2,400,000 |
| 2022-08 | Manufacturers and Traders Trust Company | JMG*****LLC | HENRICO, VA | $136,000 |
| 2022-08 | Manufacturers and Traders Trust Company | JMG*****LLC | HENRICO, VA | $10,000 |
| 2022-06 | BayFirst National Bank | Die*****LLC | FREDERICKSBURG, VA | $710,000 |
| 2022-05 | Celtic Bank Corporation | GRY*****LLC | FRONT ROYAL, VA | $30,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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