SBA Loans for Homes for the Elderly in Virginia: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
7
in Virginia
Median Loan Size
$300,000
per approval
Recent Activity
1
last 90 days through Jul 2025
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $300,000.
Key trends & insights
- Homes for the Elderly in Virginia lending is concentrated — City First Bank, National Association, THE Huntington National Bank, Select Bank together account for 71% of all approvals. If you're in this industry, these are your highest-probability lenders.
- City First Bank, National Association leads this industry with 2 approvals (29% market share) and a median loan of $300,000.
Most active SBA lenders for Homes for the Elderly in Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $300,000 | |
| 2 | 2 | $281,250 | |
| 3 | 1 | $4,750,000 | |
| 4 | 1 | $15,000 | |
| 5 | 1 | $1,800,000 |
Recent SBA 7(a) approvals for Homes for the Elderly in Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-07 | Select Bank | The*****LLC | Lynchburg, VA | $4,750,000 |
| 2025-03 | The Huntington National Bank | The*****LLC | WOODBRIDGE, VA | $462,500 |
| 2025-03 | The Huntington National Bank | The*****LLC | WOODBRIDGE, VA | $100,000 |
| 2024-07 | City First Bank, National Association | Ado*****nc. | Chesapeake, VA | $300,000 |
| 2024-07 | City First Bank, National Association | Ado*****nc. | Chesapeake, VA | $300,000 |
| 2022-07 | Manufacturers and Traders Trust Company | ARI*****LLC | STERLING, VA | $15,000 |
| 2021-08 | EagleBank | ALF*****LLC | MCLEAN, VA | $1,800,000 |
| 2020-12 | Skyline National Bank | Cap*****LLC | GALAX, VA | $142,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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