SBA 7(a) loans in Virginia
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
3,204loans approved
$210,500median loan
$81K–$500Kmiddle half of loans
$1.7Btotal approved
10%median initial rate
10 yrsmedian term
The median Virginia loan is 20% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 154 | $350,000 |
| Limited-Service Restaurants (722513) | 133 | $350,000 |
| Fitness and Recreational Sports Centers (713940) | 88 | $312,100 |
| Residential Remodelers (236118) | 64 | $150,000 |
| All Other Amusement and Recreation Industries (713990) | 61 | $350,000 |
| Child Day Care Services (624410) | 60 | $510,500 |
| Hotels (except Casino Hotels) and Motels (721110) | 59 | $2,800,000 |
| Home Health Care Services (621610) | 56 | $225,000 |
| Snack and Nonalcoholic Beverage Bars (722515) | 55 | $435,000 |
| Landscaping Services (561730) | 54 | $150,000 |
Most active lenders in Virginia
| Lender | Loans | Median | Total |
|---|---|---|---|
| Manufacturers and Traders Trust Company | 409 | $75,000 | $65.6M |
| The Huntington National Bank | 223 | $250,000 | $95.5M |
| Newtek Bank, National Association | 194 | $200,000 | $67.4M |
| Readycap Lending, LLC | 168 | $50,000 | $47.2M |
| Northeast Bank | 152 | $100,000 | $21.2M |
| Live Oak Banking Company | 138 | $422,500 | $151.3M |
| Wells Fargo Bank National Association | 117 | $20,000 | $24.7M |
| TD Bank, National Association | 100 | $97,500 | $16.7M |
| Bayfirst National Bank | 96 | $150,000 | $14.2M |
| First Community Bank | 70 | $200,000 | $26.4M |
SBA 504 loans in Virginia
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
327504 loans approved
$488,000median CDC portion
$294.2Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Virginia
| Lender | Loans | Median | Total |
|---|---|---|---|
| Business Finance Group, INC. | 173 | $488,000 | $145.9M |
| 504 Capital Corporation | 95 | $436,000 | $89.2M |
| Rappahannock Economic Development Corporation | 57 | $539,000 | $52.5M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.