SBA lending by district
SBA lending in VA-08
SBA 7(a) and 504 financing in Virginia's 8th 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
- 2,282
- Total funded
- $1.0B
- Average loan
- $439K
- 7(a) charge-off
- 4.5%
Borrowers in Virginia's 8th district took 2,282 SBA loans worth $1.0B since FY2010, averaging $439K. Of the 2,096 7(a) loans, 4.5% have charged off. See the rest of Virginia.
SBA funded volume by fiscal year
Top SBA lenders in VA-08
- 1. Business Finance Group, Inc. $142.8M
- 2. Manufacturers and Traders Trust Company $83.6M
- 3. Live Oak Banking Company $66.4M
- 4. Wells Fargo Bank National Association $48.7M
- 5. Truist Bank $48.4M
- 6. Atlantic Union Bank $43.4M
- 7. EagleBank $39.1M
- 8. The Huntington National Bank $25.5M
- 9. Newtek Small Business Finance, Inc. $21.4M
- 10. Hanmi Bank $20.6M
Method. SBA 7(a) and 504 loans the SBA recorded in VA-08,
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.