5,811 SBA loans worth $3.1B went to Virginia businesses between October 2021 and June 2026, from 217 lenders. Manufacturers and Traders Trust made the most 7(a) loans, 587 or 11% of the state's total, and the ten most active lenders made 52%. The median 7(a) loan was $200,000, above the national median of $158,000. Professional and technical services was the most financed industry, at 14% of loans. Annual loan count rose 51% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 587 | $85.1M | $72,000 | 52% | Professional and technical services |
| 2 | Huntington National Bank Bank · Columbus, OH | 387 | $153.4M | $255,000 | 65% | Restaurants and hotels |
| 3 | Newtek Bank Bank · Miami, FL | 349 | $132.1M | $200,000 | 19% | Professional and technical services |
| 4 | Northeast Bank Bank · Portland, ME | 332 | $49.1M | $107,700 | 10% | Professional and technical services |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 232 | $58.4M | $67,500 | 14% | Professional and technical services |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 230 | $38.1M | $15,000 | 87% | Transportation and warehousing |
| 7 | TD Bank Bank · Wilmington, DE | 179 | $24.1M | $65,000 | 32% | Professional and technical services |
| 8 | Live Oak Banking Bank · Wilmington, NC | 178 | $220.1M | $550,000 | 32% | Health care and social assistance |
| 9 | BayFirst National Bank Bank · St. Petersburg, FL | 176 | $30.9M | $150,000 | 2% | Professional and technical services |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 101 | $32.6M | $150,000 | 86% | Construction |
| 11 | Bank of America Bank · Charlotte, NC | 98 | $39.5M | $350,000 | 17% | Professional and technical services |
| 12 | Celtic Bank Bank · Salt Lake City, UT | 94 | $35.9M | $150,000 | 15% | Retail |
| 13 | Atlantic Union Bank Bank · Richmond City, VA | 90 | $61.9M | $389,500 | 57% | Health care and social assistance |
| 14 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 85 | $38.7M | $150,000 | 25% | Professional and technical services |
| 15 | First Community Bank Bank · Bluefield, VA | 81 | $29.1M | $175,000 | 41% | Transportation and warehousing |
| 16 | First Bank and Trust Bank · Lebanon, VA | 76 | $28.3M | $237,500 | 36% | Construction |
| 17 | SouthState Bank Bank · Winter Haven, FL | 68 | $30.6M | $305,000 | 22% | Professional and technical services |
| 18 | First Bank of the Lake Bank · Osage Beach, MO | 61 | $46.7M | $349,900 | 72% | Health care and social assistance |
| 19 | First National Bank of Pennsylvania Bank · Greenville, PA | 60 | $57.4M | $666,800 | 47% | Other services (repair, personal care) |
| 20 | Bank of Clarke Bank · Berryville, VA | 60 | $46.7M | $444,000 | 43% | Construction |
| 21 | Fulton Bank Bank · Lancaster, PA | 58 | $36.5M | $368,500 | 64% | Restaurants and hotels |
| 22 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 54 | $8.8M | $150,000 | 2% | Transportation and warehousing |
| 23 | TowneBank Bank · Portsmouth, VA | 53 | $37.2M | $425,000 | 28% | Retail |
| 24 | Potomac Bank Bank · Charles Town, WV | 53 | $17.1M | $222,000 | 62% | Manufacturing |
| 25 | PNC Bank Bank · Wilmington, DE | 52 | $21.2M | $75,000 | 52% | Health care and social assistance |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Business Finance Group Fairfax, VA | 273 | $249.9M | $523,000 |
| 2 | 504 Capital Chesapeake, VA | 191 | $160.1M | $473,000 |
| 3 | Rappahannock Economic Development Fredericksburg, VA | 83 | $71.6M | $560,000 |
| 4 | Chesapeake Business Finance Bethesda, MD | 2 | $1.6M | $813,000 |
| 5 | Bay Colony Development Waltham, MA | 1 | $1.5M | $1,512,000 |
| 6 | Mortgage Capital Development Oakland, CA | 1 | $5.0M | $5,000,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 814 | $186,500 | Manufacturers and Traders Trust | |
| Restaurants and hotels | 770 | $390,500 | Manufacturers and Traders Trust | |
| Health care and social assistance | 707 | $250,000 | Business Finance Group | |
| Construction | 640 | $195,850 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 612 | $246,250 | Huntington National Bank | |
| Retail | 534 | $200,000 | Manufacturers and Traders Trust | |
| Administrative and support services | 342 | $150,000 | Manufacturers and Traders Trust | |
| Arts, entertainment and recreation | 292 | $317,500 | Huntington National Bank | |
| Manufacturing | 278 | $343,150 | Business Finance Group | |
| Transportation and warehousing | 260 | $112,650 | Wells Fargo Bank | |
| Wholesale trade | 154 | $241,500 | Manufacturers and Traders Trust | |
| Education | 128 | $200,000 | Manufacturers and Traders Trust |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Virginia Beach | 325 | $199.9M | $275,000 | Huntington National Bank |
| Alexandria | 312 | $136.2M | $195,750 | Manufacturers and Traders Trust |
| Richmond | 287 | $123.2M | $209,700 | Manufacturers and Traders Trust |
| Fredericksburg | 209 | $126.5M | $260,000 | Manufacturers and Traders Trust |
| Fairfax | 208 | $93.9M | $218,000 | Manufacturers and Traders Trust |
| Chesapeake | 198 | $100.6M | $198,000 | 504 Capital |
| Manassas | 166 | $79.7M | $162,500 | Manufacturers and Traders Trust |
| Arlington | 160 | $70.0M | $218,000 | Manufacturers and Traders Trust |
| Sterling | 160 | $88.1M | $266,600 | Huntington National Bank |
| Ashburn | 141 | $46.0M | $229,600 | Manufacturers and Traders Trust |
| Henrico | 134 | $59.4M | $200,000 | Manufacturers and Traders Trust |
| Norfolk | 125 | $64.3M | $305,000 | 504 Capital |
| Woodbridge | 120 | $40.3M | $145,000 | Manufacturers and Traders Trust |
| Leesburg | 109 | $60.5M | $200,000 | Manufacturers and Traders Trust |
| Midlothian | 109 | $50.2M | $200,000 | Manufacturers and Traders Trust |
51 Virginia cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.