Bank · Portsmouth, VA
TowneBank
Made 185 SBA 7(a) change-of-ownership loans totaling $219.7M in FY2024 to FY2026: #16 of 1,054 lenders by loans and #18 by dollars. Lends in 33 states.
#16by loans, FY24–26
185loans
$219.7Mapproved
$928Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 53 | $63.7M | $975K | 1.0% |
| FY2025 | 69 | $75.7M | $893K | 1.0% |
| FY2026 | 63 | $80.4M | $880K | 0.9% |
Loan size
Deal size mix
44% of its loans were $1M or more.
- Under $350K9 loans · 5% · $2.4M
- $350K to $1M94 loans · 51% · $61.9M
- $1M to $2M57 loans · 31% · $80.0M
- $2M to $5M25 loans · 14% · $75.4M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 32 | $29.5M |
| Construction | 29 | $47.7M |
| Retail Trade | 25 | $25.7M |
| Other Services | 18 | $18.3M |
| Professional, Scientific & Technical Services | 14 | $18.8M |
| Administrative & Support, Waste Mgmt | 14 | $11.1M |
| Manufacturing | 14 | $18.0M |
| Health Care & Social Assistance | 14 | $15.5M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Florida | 27 | $27.3M |
| North Carolina | 24 | $38.8M |
| Texas | 22 | $30.8M |
| California | 17 | $25.8M |
| Michigan | 12 | $9.5M |
| Colorado | 8 | $6.6M |
| Pennsylvania | 7 | $6.4M |
| Virginia | 7 | $9.4M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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