SBA lending by metro area
SBA lenders in Roanoke, VA
Which lenders fund Roanoke-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 Roanoke area
Ranked by SBA volume funded to businesses located in the Roanoke 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 | Pinnacle Bank | 35 | $32.8M | $938K | 2.86% |
| 2 | Business Finance Group, Inc. | 24 | $18.5M | $770K | not reported |
| 3 | Truist Bank | 38 | $16.4M | $431K | 5.26% |
| 4 | First-Citizens Bank & Trust Company | 13 | $16.2M | $1.2M | not reported |
| 5 | Live Oak Banking Company | 13 | $14.2M | $1.1M | not reported |
| 6 | Celtic Bank Corporation | 11 | $8.9M | $814K | not reported |
| 7 | Newtek Bank, National Association | 9 | $7.6M | $847K | not reported |
| 8 | Wells Fargo Bank National Association | 38 | $6.5M | $171K | 13.16% |
| 9 | Newtek Small Business Finance, Inc. | 6 | $5.9M | $978K | not reported |
| 10 | TowneBank | 5 | $5.9M | $1.2M | not reported |
Excludes 1 lender whose records blend same-named institutions; see our methodology.
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Roanoke compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Roanoke area | $200K | 9.1% ▼ 3.5 pts |
| Virginia | $200K | 12.5% |
| United States | $179K | 11.2% |
What gets funded in Roanoke
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 60 | $57.2M |
| Manufacturing | 55 | $47.6M |
| Professional and Technical Services | 52 | $29.5M |
| Retail Trade | 54 | $26.3M |
| Construction | 33 | $19.2M |
| Other Services | 35 | $19.0M |
| Health Care and Social Assistance | 44 | $16.4M |
| Transportation and Warehousing | 16 | $7.6M |
SBA lending in Roanoke by year
Geography, precisely
"Roanoke area" here means the Roanoke, VA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Botetourt County, VA; Craig County, VA; Franklin County, VA; Roanoke County, VA; Roanoke city, VA; Salem 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.