SBA lending by metro area
SBA lenders in Richmond, VA
Which lenders fund Richmond-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 Richmond area
Ranked by SBA volume funded to businesses located in the Richmond 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. | 213 | $127.5M | $599K | not reported |
| 2 | Truist Bank | 179 | $93.2M | $520K | 2.23% |
| 3 | First National Bank of Pennsylvania | 86 | $77.4M | $900K | 8.14% |
| 4 | TowneBank | 113 | $76.1M | $673K | 0.88% |
| 5 | Wells Fargo Bank National Association | 309 | $74.3M | $240K | 7.12% |
| 6 | Live Oak Banking Company | 58 | $67.6M | $1.2M | 1.72% |
| 7 | 504 Capital Corporation | 73 | $41.3M | $565K | not reported |
| 8 | Primis Bank | 129 | $40.9M | $317K | 3.10% |
| 9 | GBank | 9 | $26.3M | $2.9M | not reported |
| 10 | The Huntington National Bank | 65 | $26.3M | $405K | 0.00% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
Ready to talk to Richmond-area SBA lenders?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
How Richmond compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Richmond area | $194K ▼ 3.2% | 12.0% ▼ 0.5 pts |
| Virginia | $200K | 12.5% |
| United States | $179K | 11.2% |
What gets funded in Richmond
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 290 | $219.1M |
| Health Care and Social Assistance | 325 | $206.7M |
| Construction | 287 | $134.9M |
| Other Services | 297 | $114.9M |
| Retail Trade | 322 | $114.9M |
| Manufacturing | 181 | $106.7M |
| Professional and Technical Services | 300 | $103.8M |
| Wholesale Trade | 84 | $50.2M |
SBA lending in Richmond by year
Geography, precisely
"Richmond area" here means the Richmond, VA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Amelia County, VA; Charles City County, VA; Chesterfield County, VA; Colonial Heights city, VA; Dinwiddie County, VA; Goochland County, VA; Hanover County, VA; Henrico County, VA; Hopewell city, VA; King William County, VA; King and Queen County, VA; New Kent County, VA; Petersburg city, VA; Powhatan County, VA; Prince George County, VA; Richmond city, VA; Sussex County, 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.