SBA lending by district
SBA lending in VA-01
SBA 7(a) and 504 financing in Virginia's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 3,115
- Total funded
- $1.6B
- Average loan
- $501K
- 7(a) charge-off
- 5.8%
Borrowers in Virginia's 1st district took 3,115 SBA loans worth $1.6B since FY2010, averaging $501K. Of the 2,658 7(a) loans, 5.8% have charged off. See the rest of Virginia.
SBA funded volume by fiscal year
Top SBA lenders in VA-01
- 1. Business Finance Group, Inc. $159.4M
- 2. Rappahannock Economic Development Corporation $85.1M
- 3. Truist Bank $83.7M
- 4. Live Oak Banking Company $82.5M
- 5. Atlantic Union Bank $70.0M
- 6. Wells Fargo Bank National Association $67.4M
- 7. 504 Capital Corporation $67.3M
- 8. The First Bank and Trust Company $50.5M
- 9. Primis Bank $38.1M
- 10. First National Bank of Pennsylvania $37.8M
Method. SBA 7(a) and 504 loans the SBA recorded in VA-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.