Virginia SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Virginia
Since FY2020, 231 lenders have funded 6,481 SBA loans worth $3.8B for businesses in Virginia. Borrowers reported 77,661 jobs supported by those loans. Below is who actually writes them, how big they run, and which Virginia businesses get funded.
Most active SBA lenders in Virginia
Ranked by loans funded for Virginia projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Virginia beats a local name that rarely writes SBA loans.
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Virginia SBA loans run
Share of Virginia 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | VA | US |
|---|---|---|
| Under $150K | 36.2% | 40.4% |
| $150K to $500K | 35.6% | 31.9% |
| $500K to $1M | 13.6% | 12.9% |
| $1M and up | 14.6% | 14.9% |
Who gets funded in Virginia
Business age on Virginia 7(a) loans. 11.5% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | VA | US |
|---|---|---|
| Established, more than 2 years | 48.7% | 55.2% |
| New, 2 years or less | 16.6% | 16.9% |
| Startup, loan opens the business | 23.2% | 16.8% |
| Change of ownership (buying a business) | 11.5% | 11.1% |
Industries Virginia SBA lenders fund most
Share of all Virginia SBA loans by industry, and how that compares with the national mix.
| Industry | VA loans | Share | Compared with US |
|---|---|---|---|
| Professional services | 889 | 13.7% | 1.5x the national share |
| Restaurants and hotels | 885 | 13.7% | in line with national |
| Healthcare | 756 | 11.7% | 1.2x the national share |
| Construction | 699 | 10.8% | in line with national |
| Personal and repair services | 679 | 10.5% | in line with national |
| Retail | 616 | 9.5% | 0.8x the national share |
| Business support services | 382 | 5.9% | in line with national |
| Manufacturing | 341 | 5.3% | 0.8x the national share |
The most common specific business types funded in Virginia: full-service restaurants (302), limited-service restaurants (241), hotels (except casino hotels) and motels (173), fitness and recreational sports centers (158), general automotive repair (123), all other specialty trade contractors (122).
Where in Virginia the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Fairfax | 1,084 | 17% |
| Loudoun | 564 | 9% |
| Prince William | 393 | 6% |
| Virginia Beach City | 361 | 6% |
| Henrico | 278 | 4% |
| Chesterfield | 267 | 4% |
| Chesapeake City | 225 | 3% |
| Alexandria City | 207 | 3% |
7(a) or 504 in Virginia
12% of Virginia SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $475K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Virginia:
- Business Finance Group, Inc.: 389 504 loans, median $489K
- 504 Capital Corporation: 283 504 loans, median $424K
- Rappahannock Economic Development Corporation: 115 504 loans, median $475K
Virginia SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 537 | 114 | $391M |
| FY2021 | 657 | 166 | $619M |
| FY2022 | 696 | 126 | $486M |
| FY2023 | 848 | 94 | $526M |
| FY2024 | 1,061 | 103 | $564M |
| FY2025 | 1,192 | 121 | $765M |
| FY2026 (through June 30, 2026) | 695 | 71 | $430M |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in Virginia?
By funded loans since FY2020, Manufacturers and Traders Trust Company leads Virginia with 648 loans.
How big is a typical SBA loan in Virginia?
The median 7(a) loan in Virginia is $220K, and the middle half runs from $80K to $530K. The median 504 loan is $475K. Nationally the 7(a) median is $200K.
What interest rate do Virginia SBA borrowers get?
The median starting rate on Virginia 7(a) loans since FY2020 is 9.75%, against 9.25% nationally. 88% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Virginia?
Yes. 40% of Virginia 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Virginia. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.