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 |
| 2025-12 | Manufacturers and Traders Trust Company | RWH*****INC | WOODBRIDGE, VA | $500,000 |
| 2025-11 | Northeast Bank | DRA*****LLC | Charlottesville, VA | $150,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Spr*****LLC | RICHMOND, VA | $50,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Spr*****LLC | RICHMOND, VA | $48,000 |
| 2025-11 | TD Bank, National Association | A&I*****nc. | MANASSAS, VA | $75,000 |
| 2025-11 | Atlantic Union Bank | Con*****Inc | STERLING, VA | $150,000 |
| 2025-11 | Atlantic Union Bank | Con*****Inc | HERNDON, VA | $398,000 |
| 2025-11 | Newtek Bank, National Association | Ame*****nc. | Virginia Beach, VA | $350,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Fro*****LLC | MECHANICSVILLE, VA | $25,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Fro*****LLC | MECHANICSVILLE, VA | $50,000 |
| 2025-11 | Manufacturers and Traders Trust Company | RAN*****LLC | RICHMOND, VA | $95,000 |
| 2025-11 | MainStreet Bank | Ful*****nc. | HERNDON, VA | $100,000 |
| 2025-09 | First National Bank of Pennsylvania | EPO*****LLC | RICHMOND, VA | $2,322,800 |
| 2025-09 | Northeast Bank | JDM*****LLC | Linville, VA | $350,000 |
| 2025-09 | Northeast Bank | JDM*****LLC | Linville, VA | $350,000 |
| 2025-09 | TD Bank, National Association | Dav*****LLC | MILFORD, VA | $493,800 |
| 2025-09 | TD Bank, National Association | Dav*****LLC | MILFORD, VA | $400,000 |
| 2025-09 | First National Bank of Pennsylvania | EPO*****LLC | RICHMOND, VA | $300,000 |
| 2025-09 | TD Bank, National Association | Dav*****LLC | MILFORD, VA | $2,370,000 |
| 2025-09 | The Huntington National Bank | AMG*****LLC | POWHATAN, VA | $4,400,000 |
| 2025-09 | The Huntington National Bank | AMG*****LLC | POWHATAN, VA | $200,000 |
| 2025-09 | Northeast Bank | RUM*****LLC | Leesburg, VA | $203,300 |
| 2025-09 | Live Oak Banking Company | NBS*****NC. | FAIRFAX, VA | $260,000 |
| 2025-09 | Northeast Bank | JGM*****LLC | Hampton, VA | $68,000 |
| 2025-09 | Truliant FCU | Cro*****ing | North Chesterfield, VA | $257,700 |
| 2025-09 | United Midwest Savings Bank National Association | Par*****LLC | Winchester, VA | $250,000 |
| 2025-08 | The Huntington National Bank | Gl****LLC | STERLING, VA | $4,883,300 |
| 2025-08 | The Huntington National Bank | AME*****LLC | STERLING, VA | $100,000 |
| 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 | Truliant FCU | Cro*****ing | North Chesterfield, VA | $2,345,000 |
| 2025-08 | Truliant FCU | BF***nc. | North Chesterfield, VA | $257,700 |
| 2025-08 | Northeast Bank | A T*****INC | ANNANDALE, VA | $65,100 |
| 2025-07 | BayFirst National Bank | APE*****INC | CHANTILLY, VA | $150,000 |
| 2025-07 | Newtek Bank, National Association | Cla*****Inc | CATLETT, VA | $35,000 |
| 2025-07 | Grasshopper Bank National Association | Roo*****LLC | ALEXANDRIA, VA | $250,000 |
| 2025-07 | PNC Bank, National Association | ULT*****LLC | FALLS CHURCH, VA | $25,000 |
| 2025-06 | Manufacturers and Traders Trust Company | Pro*****nc. | MANASSAS, VA | $250,000 |
| 2025-06 | Northeast Bank | Gun*****llc | Midlothian, VA | $150,000 |
| 2025-06 | Northeast Bank | bm *****llc | Middletown, VA | $50,000 |
| 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 | MainStreet Bank | Tem*****LLC | LORTON, VA | $175,000 |
| 2025-05 | Dogwood State Bank | Gar*****orp | Newport News, VA | $75,000 |
| 2025-05 | Dogwood State Bank | Gar*****orp | Newport News, VA | $689,000 |
| 2025-05 | Citizens Bank | Gal*****LLC | VIRGINIA BEACH, VA | $298,000 |
| 2025-05 | Newtek Bank, National Association | Ber*****Inc | Virginia Beach, VA | $200,000 |
| 2025-05 | Lendistry SBLC, LLC | Cus*****nc. | Colonial Heights, VA | $150,000 |
| 2025-04 | Live Oak Banking Company | CER*****NC. | DUMFRIES, VA | $325,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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