SBADecoded
Home / By state / Virginia

Geography · SBA lending record

SBA lenders in Virginia

4,085 SBA 7(a) loans in the last five years, from 193 different lenders. Here is who actually lends here.

Loans, last 5 years
4,085
Lent
$2.16B
last 5 fiscal years
Active lenders
193
wrote at least one loan
Typical loan
$210k
median approved
6.7%
nationally 5.7%

Who lends here most

last 5 fiscal years

Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.

What gets funded here

by industry
Full-Service Restaurants
5%
Limited-Service Restaurants
4%
Fitness and Recreational Sports Centers
3%
Residential Remodelers
2%
Child Care Services
2%
Home Health Care Services
2%
Everything else
83%

How big the loans are

Under $150k
44%
$150k – $350k
22%
$350k – $750k
16%
$750k – $2M
12%
Over $2M
6%

If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.

SBA 504 lending in Virginia

504 FOIA record

A 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Virginia, and how they have performed.

504 loans since 2010
2,139
$1.5B in SBA seconds
Median project
$989k
bank first + 504 second
Default rate
3.5%
all 504 5.0%

CDCs most active in Virginia

Most-financed here: Offices of Physicians, Offices of Lawyers, All Other Specialty Trade Contractors, Full-Service Restaurants.

Match with a CDC for your project → How 504 works →

Next

Compare all lenders → Check your eligibility → Find your industry →

Source SBA 7(a) FOIA Released 2026-06-30 Basis where the project is, not where the bank is

SBA lending in other states

States with comparable volume, plus the three largest markets.