SBA lending by state
SBA Lending in Virginia
In Virginia, SBA lenders funded 16,886 7(a) and 504 loans since FY2010, totaling $8.2B, an average of $489K per loan. The most active lender is Manufacturers and Traders Trust Company, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Virginia
Ranked by SBA loans funded in Virginia since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Virginia loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Virginia shows “not reported,” never 0%.
See the full Virginia ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 1,497 | $242.4M | $162K | 6.01% |
| 2 | Wells Fargo Bank National Association | 1,475 | $333.0M | $226K | 6.64% |
| 3 | Business Finance Group, Inc. | 1,193 | $895.2M | $750K | 7.69% |
| 4 | Truist Bank | 1,172 | $434.1M | $370K | 2.73% |
| 5 | 504 Capital Corporation | 675 | $392.3M | $581K | not reported |
| 6 | Atlantic Union Bank | 656 | $266.1M | $406K | 2.59% |
| 7 | TD Bank, National Association | 579 | $71.1M | $123K | 8.46% |
| 8 | Live Oak Banking Company | 463 | $643.4M | $1.4M | 1.94% |
| 9 | The Huntington National Bank | 450 | $212.6M | $472K | 0.44% |
| 10 | Primis Bank | 421 | $150.7M | $358K | 4.51% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
Ready to find your SBA lender in Virginia?
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.
504 lenders (CDCs) in Virginia
An SBA 504 project in Virginia pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Virginia, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Business Finance Group, Inc. | 1,167 | $891.7M |
| 504 Capital Corporation | 675 | $392.3M |
| Rappahannock Economic Development Corporation | 238 | $174.6M |
| Chesapeake Business Finance Corporation | 26 | $27.6M |
| Business Expansion Funding Corporation | 3 | $3.4M |
| Crater Development Company | 1 | $743K |
| REDC Community Capital Group, Inc. | 1 | $526K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Virginia
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 2,236 | $1.6B |
| Health Care and Social Assistance | 1,920 | $1.1B |
| Professional and Technical Services | 2,538 | $1.0B |
| Other Services | 1,743 | $726.9M |
| Retail Trade | 1,782 | $712.5M |
| Construction | 1,655 | $641.4M |
| Manufacturing | 986 | $579.7M |
| Arts, Entertainment, Recreation | 674 | $379.1M |
Top cities for SBA loans in Virginia
Where SBA 7(a) and 504 borrowers in Virginia are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Virginia Beach | 905 | $444.1M |
| Richmond | 928 | $381.4M |
| Alexandria | 841 | $372.5M |
| Fredericksburg | 511 | $275.4M |
| Chesapeake | 530 | $265.3M |
| Manassas | 503 | $261.8M |
| Fairfax | 578 | $241.7M |
| Sterling | 398 | $212.8M |
SBA lending by metro area in Virginia
Which lenders fund each Virginia market, with local loan sizes and industries.
- SBA lenders in Washington, DC 15,604 loans
- SBA lenders in Virginia Beach, VA 3,005 loans
- SBA lenders in Richmond, VA 2,620 loans
- SBA lenders in Roanoke, VA 419 loans
- SBA lenders in Kingsport, TN 331 loans
- SBA lenders in Charlottesville, VA 433 loans
- SBA lenders in Winchester, VA 239 loans
- SBA lenders in Lynchburg, VA 310 loans
- SBA lenders in Blacksburg, VA 233 loans
- SBA lenders in Harrisonburg, VA 237 loans
- SBA lenders in Staunton, VA 150 loans
- SBA lenders in Danville, VA 82 loans
- SBA lenders in Bluefield, WV 61 loans
- SBA lenders in Martinsville, VA 34 loans
- SBA lenders in Lake of the Woods, VA 32 loans
SBA lending in Virginia by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 978 | $267.8M |
| 2011 | 939 | $345.9M |
| 2012 | 726 | $292.7M |
| 2013 | 805 | $335.9M |
| 2014 | 809 | $359.2M |
| 2015 | 1,006 | $476.6M |
| 2016 | 1,071 | $421.2M |
| 2017 | 1,125 | $552.2M |
| 2018 | 1,150 | $531.9M |
| 2019 | 1,006 | $509.0M |
| 2020 | 780 | $474.1M |
| 2021 | 968 | $729.2M |
| 2022 | 924 | $553.4M |
| 2023 | 1,069 | $584.6M |
| 2024 | 1,307 | $641.6M |
| 2025 | 1,623 | $867.9M |
| 2026 | 600 | $306.8M |
SBA lending in Virginia: frequently asked questions
How much SBA lending is there in Virginia?
SBA lenders funded 16,886 7(a) and 504 loans totaling $8.2B in Virginia in the public SBA data (as of 2026-03-31), an average of $489K per loan.
Who is the most active SBA lender in Virginia?
Manufacturers and Traders Trust Company is the most active SBA lender in Virginia in the public data, by loans funded.
What industries get the most SBA loans in Virginia?
The most-funded industry for SBA loans in Virginia is Accommodation and Food Services.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.