SBA lending by district
SBA lending in VA-03
SBA 7(a) and 504 financing in Virginia's 3rd 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
- 1,366
- Total funded
- $641.0M
- Average loan
- $469K
- 7(a) charge-off
- 4.7%
Borrowers in Virginia's 3rd district took 1,366 SBA loans worth $641.0M since FY2010, averaging $469K. Of the 1,076 7(a) loans, 4.7% have charged off. See the rest of Virginia.
SBA funded volume by fiscal year
Top SBA lenders in VA-03
- 1. Business Finance Group, Inc. $75.2M
- 2. Truist Bank $70.2M
- 3. 504 Capital Corporation $66.5M
- 4. TowneBank $29.1M
- 5. Wells Fargo Bank National Association $28.2M
- 6. Fulton Bank, National Association $26.8M
- 7. Live Oak Banking Company $25.4M
- 8. First National Bank of Pennsylvania $20.3M
- 9. Newtek Small Business Finance, Inc. $18.2M
- 10. Celtic Bank Corporation $17.0M
Method. SBA 7(a) and 504 loans the SBA recorded in VA-03,
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.