Independent reference built on public SBA FOIA loan data. Not affiliated with the U.S. Small Business Administration.

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SBA lending by state

SBA Lending in Virginia

In Virginia, SBA lenders funded 8,517 7(a) and 504 loans totaling $4.9B, an average of $580K per loan. The most active lender is Business Finance Group, Inc., and the most-funded industry is Accommodation and Food Services.

By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31

Funded loans
8,517
Total volume
$4.9B
Average loan size
$580K

Most active SBA lenders in Virginia

LenderLoansTotal volume
Business Finance Group, Inc. 1,170 $892.1M
504 Capital Corporation 675 $392.3M
Live Oak Banking Company 235 $305.4M
The Huntington National Bank 427 $194.0M
Rappahannock Economic Development Corporation 238 $174.6M
GBank 52 $137.0M
Newtek Bank, National Association 308 $124.2M
Manufacturers and Traders Trust Company 680 $101.2M

Top industries funded in Virginia

IndustryLoansTotal volume
Accommodation and Food Services 1,125 $1.0B
Health Care and Social Assistance 1,056 $643.6M
Professional and Technical Services 1,137 $540.5M
Construction 885 $431.7M
Other Services 918 $430.0M
Retail Trade 831 $415.7M
Manufacturing 498 $357.3M
Arts, Entertainment, Recreation 363 $259.7M

SBA lending in Virginia by year

Fiscal yearLoansTotal volume
2010160$94.0M
2011159$93.7M
2012144$88.9M
2013115$62.8M
2014106$53.5M
2015100$67.2M
201694$64.1M
2017121$81.5M
2018114$82.8M
2019133$95.5M
2020780$474.1M
2021968$729.2M
2022924$553.4M
20231,069$584.6M
20241,307$641.6M
20251,623$867.9M
2026600$306.8M
Sources and disclaimer. Figures are computed from the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our methodology. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.

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