10
Loans Approved
$2.7M
Total Volume
$272K
Avg Loan Size
1
States Served
States Served
Top Industries Financed
- Soap and Other Detergent Manufacturing
- Wine and Distilled Alcoholic Beverage Merchant Wholesalers
- Beauty Salons
- Home Health Care Services
- Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip
About Locus Bank Inc
Locus Bank Inc is an SBA-approved lender headquartered in RICHMOND, Virginia. Since 2020, they have approved 10 SBA 7(a) loans totaling $2.7M, with an average loan size of $272K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Virginia.
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