SBA lending by metro area
SBA lenders in Blacksburg, VA
Which lenders fund Blacksburg-area businesses, how much, and how the market compares with Virginia: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Blacksburg area
Ranked by SBA volume funded to businesses located in the Blacksburg metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Business Finance Group, Inc. | 19 | $14.0M | $735K | not reported |
| 2 | The First Bank and Trust Company | 26 | $8.8M | $337K | 0.00% |
| 3 | Live Oak Banking Company | 5 | $5.6M | $1.1M | not reported |
| 4 | Wells Fargo Bank National Association | 19 | $5.0M | $265K | not reported |
| 5 | Truist Bank | 6 | $4.9M | $820K | not reported |
| 6 | Readycap Lending, LLC | 5 | $4.0M | $802K | not reported |
| 7 | The National Bank of Blacksburg | 23 | $3.6M | $154K | 0.00% |
| 8 | First Community Bank | 20 | $3.3M | $167K | 0.00% |
| 9 | Celtic Bank Corporation | 6 | $3.0M | $507K | not reported |
| 10 | Atlantic Union Bank | 35 | $2.8M | $81K | 0.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Blacksburg compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Blacksburg area | $152K ▼ 24.0% | 9.4% ▼ 3.1 pts |
| Virginia | $200K | 12.5% |
| United States | $179K | 11.2% |
What gets funded in Blacksburg
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 51 | $44.4M |
| Health Care and Social Assistance | 28 | $15.5M |
| Retail Trade | 32 | $14.3M |
| Professional and Technical Services | 15 | $9.2M |
| Construction | 22 | $7.6M |
| Manufacturing | 21 | $7.0M |
| Real Estate | 8 | $5.7M |
| Other Services | 14 | $4.3M |
SBA lending in Blacksburg by year
Geography, precisely
"Blacksburg area" here means the Blacksburg-Christiansburg-Radford, VA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Floyd County, VA; Giles County, VA; Montgomery County, VA; Pulaski County, VA; Radford city, VA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.