Atlantic Union Bank (VA)
SBA loan rates, programs and alternatives for this bank in Virginia.
Atlantic Union Bank is a regional bank headquartered in Richmond, Virginia, and the largest bank based in the state. Its footprint covers Virginia, Maryland and northeastern North Carolina, expanded by its 2025 acquisition of Sandy Spring Bank.
Atlantic Union has a dedicated SBA lending group and holds Preferred Lender status, so it can approve 7(a) loans without sending them to the SBA first. It makes 7(a) and 504 loans across its footprint, with business acquisition and owner-occupied real estate the most common uses.
Maximum SBA rates at Atlantic Union Bank
Every SBA lender must stay at or below the SBA's caps, which are tied to the prime rate (7.00%). A loan over $350,000 can't carry a variable rate above 10.00%.
| Loan amount | Maximum spread | Maximum variable rate today |
|---|---|---|
| $50,000 or less | Prime + 6.5 | 13.50% |
| $50,001 to $250,000 | Prime + 6.0 | 13.00% |
| $250,001 to $350,000 | Prime + 4.5 | 11.50% |
| Over $350,000 | Prime + 3.0 | 10.00% |
Ask Atlantic Union Bank for its spread over prime. Two lenders can both be under the cap and still be a full point apart. See how SBA 7(a) rates are set.
Free · takes 1 minute · no credit check
Get matched with an SBA lender
Answer four questions and see SBA lenders that fit your state, loan size and industry, with your maximum rate. Compare at least two quotes before you sign. Rates move monthly: check current SBA loan rates and the 504 rate.
Before you apply
- Ask whether the lender is an SBA Preferred Lender and how many SBA loans it closed last year in your industry.
- Request the spread over prime, the fixed-rate option, and all fees in writing.
- Get at least one more quote. Our lender directory lists other SBA lenders in Virginia.
Questions
Does Atlantic Union Bank offer SBA loans?
Atlantic Union Bank appears in SBA's public lending data as a participating SBA lender. Confirm which programs it offers today and whether it has Preferred Lender (PLP) status, which lets it approve loans without waiting on the SBA.
What rate will I get on an SBA loan from Atlantic Union Bank?
The lender sets your rate below the SBA maximum. With prime at 7.00%, variable 7(a) caps run from 10.00% to 13.50%. Your rate depends on loan size, term, collateral, credit and cash flow.
Where is Atlantic Union Bank based?
Atlantic Union Bank is headquartered in Richmond, Virginia. Its footprint covers Virginia, Maryland and northeastern North Carolina, expanded by its 2025 acquisition of Sandy Spring Bank.
Sources: SBA 7(a) terms, conditions and maximum variable rates; Federal Reserve H.15 selected interest rates (bank prime loan rate); November 2026 SBA 504 debenture pricing, as published by CDCs; SBA FOIA 7(a) and 504 loan-level data.