SBA Loans for Data Processing in Virginia: Top Lenders
NAICS 518NAICS 518 covers data processing, hosting, and related services businesses in Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Virginia
Median Loan Size
$500,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 518 covers data processing, hosting, and related services businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $500,000.
Key trends & insights
- Data Processing in Virginia lending is concentrated — Live OAK Banking Company, Manufacturers AND Traders Trust Company, Cadence Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Live OAK Banking Company leads this industry with 1 approvals (33% market share) and a median loan of $2,250,000.
- SBA data for this industry goes through 2024-08-08 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Data Processing in Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $2,250,000 | |
| 2 | 1 | $500,000 | |
| 3 | 1 | $105,000 |
Recent SBA 7(a) approvals for Data Processing in Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | Cadence Bank | ROC*****LLC | STAFFORD, VA | $105,000 |
| 2023-11 | Manufacturers and Traders Trust Company | Art****LLC | ASHBURN, VA | $500,000 |
| 2021-08 | Live Oak Banking Company | Int*****nc. | DUNN LORING, VA | $2,250,000 |
| 2021-05 | PNC Bank, National Association | RED*****LLC | ALEXANDRIA, VA | $100,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet