Select Bank
VA
SBA-approved lender offering 10 loan programs across 3 industries.
Key Metrics
Interest Rate
8.58%
1.83% over prime
Average Loan
$618K
Per approval
Total Approvals
14
FY 2025
Loan Programs (10)
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Startup
Variable Rates
7a General
Change of Ownership
Existing or more than 2 years old
International Trade Loans
Fixed Rates
Industries Served (3)
LocksmithsMedical LaboratoriesOther Commercial and Industrial Machinery and Equipment Rental and Lea
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.83%
- Effective Rate
- 8.58%
- Fiscal Year
- 2025
- States Served
- VA
- Website
- www.myselectbank.com
Ready to apply with Select Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.