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TowneBank

PORTSMOUTH, VA 23703

⭐ SBA Preferred Lender
44
Loans Approved
$41.9M
Total Volume
$951K
Avg Loan Size
2
States Served

States Served

North CarolinaVirginia

Top Industries Financed

  • Full-Service Restaurants
  • Offices of Mental Health Practitioners (except Physicians)
  • Baked Goods Stores
  • Breweries
  • Car Washes

About TowneBank

TowneBank is an SBA-approved lender headquartered in PORTSMOUTH, Virginia. Since 2020, they have approved 44 SBA 7(a) loans totaling $41.9M, with an average loan size of $951K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days