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Select Bank (VA)

Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Startup
Variable Rates
SBA Loan Approvals as of 6/30/25 14
SBA Loans Total Approval Amount as of 6/30/25 $8,657,600
Average SBA Loan Size as of 6/30/25 $618,400
Average SBA Loan Rate over Prime (Prime is 7%) 1.83
Select Bank (VA)

Unlock Your Financial Potential with Select Bank (VA)

Select Bank is a Virginia-based community bank known for its personal service, fast decision-making, and deep commitment to supporting small businesses across Central and Southwest Virginia. With a strong relationship-banking model and flexible commercial lending options, Select Bank provides entrepreneurs with the financial tools they need to start, grow, and strengthen their businesses — including access to SBA loan programs.

Key Features of Select Bank (VA)

  • Full-Service Business Banking
    Select Bank provides essential business services including:

    • Business checking & savings
    • Online & mobile banking
    • Debit and credit card services
    • Merchant services
    • Cash-management tools
  • SBA Loan Participation
    Select Bank works with SBA-approved programs to help entrepreneurs secure government-backed financing, including:

    • SBA 7(a) loans
    • SBA 504 loans
    • SBA Express
      These loans support:
    • Working capital
    • Equipment purchases
    • Owner-occupied real estate
    • Business acquisition
    • Expansion and improvements
  • Flexible Commercial Lending Solutions
    Business customers can also access:

    • Commercial real estate loans
    • Term loans
    • Lines of credit
    • Equipment financing
    • Construction loans
  • Relationship-Driven Service
    Select Bank distinguishes itself with personalized attention. Business owners work directly with local lenders who understand the nuances of their industry and region.

  • Modern Digital Banking Tools
    Businesses can manage finances efficiently through:

    • Bill pay
    • ACH & wire transfers
    • Remote deposit capture
    • Real-time account management
  • Community Commitment
    Select Bank remains deeply active in the communities it serves, supporting local nonprofits, small-business development, and regional economic initiatives throughout Central Virginia.

Why Choose Select Bank for SBA Loans?

Select Bank blends community-focused service with the expertise needed to guide entrepreneurs through the SBA process.
Business owners benefit from:

  • Local underwriting and lending decisions
  • Faster turnaround times
  • Flexible loan structures
  • Personalized SBA guidance
  • Strong understanding of Virginia’s business environment

For contractors, manufacturers, professional service firms, restaurants, healthcare practices, and real-estate-heavy businesses, Select Bank provides SBA-backed financing that supports long-term growth.

How to Get Started

Ready to explore SBA financing or another commercial lending option? Visit the
Select Bank Business Banking page
to view available services, check SBA eligibility, and connect with a Virginia-based business-banking specialist.

Empower your financial future today with Select Bank — where Virginia entrepreneurs gain the partnership, capital, and support they need to thrive.

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