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County33rd of 130 in Virginia by approvalsFIPS 51540
SBA loans in Charlottesville city, Virginia
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 33 loans to businesses in Charlottesville city, Virginia, in FY2021 to FY2025, worth $31.3M: 27 under 7(a) and 6 under 504.
That is 15.9 approvals per 1,000 business establishments (2,070 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 33rd of 130 Virginia counties with approvals. In FY2025 there were 6.
20 lenders had approvals here; the most active were Live Oak Banking Company (3), Blue Ridge Bank National Association (3) and Rappahannock Economic Development Corporation (3). The most common industry was computer systems design and related services.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Charlottesville city
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 3 | $2.5M | 9.1% | |
| 2 | Blue Ridge Bank National AssociationMartinsville, VA | 3 | $2.0M | 9.1% | |
| 3 | Rappahannock Economic Development CorporationFredericksburg, VA · CDC | 3 | $988K | 9.1% | |
| 4 | Virginia National BankCharlottesville, VA | 3 | $155K | 9.1% | |
| 5 | The Huntington National BankColumbus, OH | 2 | — | 6.1% | |
| 6 | Truist BankCharlotte, NC | 2 | — | 6.1% | |
| 7 | Bank of ClarkeBerryville, VA | 2 | — | 6.1% | |
| 8 | 504 Capital CorporationChesapeake, VA · CDC | 2 | — | 6.1% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 6.1% | |
| 10 | First Internet Bank of IndianaFishers, IN | 1 | — | 3.0% | |
| 11 | Commercial Bank of CaliforniaIrvine, CA | 1 | — | 3.0% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 3.0% | |
| 13 | Business Finance Group, Inc.Fairfax, VA · CDC | 1 | — | 3.0% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.0% | |
| 15 | First-Citizens Bank & Trust CompanyRaleigh, NC | 1 | — | 3.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Computer Systems Design and Related ServicesNAICS 5415 | 4 | 12.1% | |
| 2 | Medical Equipment and Supplies ManufacturingNAICS 3391 | 4 | 12.1% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 12.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 3 | 9.1% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 6.1% | |
| 6 | Legal ServicesNAICS 5411 | 2 | 6.1% | |
| 7 | Grocery StoresNAICS 4451 | 2 | 6.1% | |
| 8 | Freight Transportation ArrangementNAICS 4885 | 2 | 6.1% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 6.1% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 2 | 6.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 9 | 27.3% | |
| 2 | Accommodation and Food Services | 6 | 18.2% | |
| 3 | Construction | 6 | 18.2% | |
| 4 | Manufacturing | 4 | 12.1% | |
| 5 | Retail Trade | 2 | 6.1% | |
| 6 | Transportation and Warehousing | 2 | 6.1% | |
| 7 | Arts, Entertainment, and Recreation | 2 | 6.1% | |
| 8 | Wholesale Trade | 1 | 3.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 3 | $553K | $200K | 2 | — | 5 | 20 |
| FY2025 | 5 | $6.9M | $500K | 1 | — | 6 | 108 |
| FY2024 | 4 | $5.9M | $357K | 1 | — | 5 | 186 |
| FY2023 | 2 | — | — | 1 | — | 3 | 63 |
| FY2022 | 5 | $1.4M | $100K | 2 | — | 7 | 70 |
| FY2021 | 11 | $11.6M | $375K | 1 | — | 12 | 141 |
| FY2020 | 7 | $1.8M | $200K | 0 | — | 7 | 158 |
| FY2019 | 5 | $3.0M | $350K | 0 | — | 5 | 84 |
| FY2018 | 3 | $2.3M | $350K | 2 | — | 5 | 244 |
| FY2017 | 11 | $4.7M | $100K | 1 | — | 12 | 226 |
| FY2016 | 14 | $2.6M | $23K | 1 | — | 15 | 67 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 44 approvals.
Against Virginia and the country
| FY2021–FY2025 | Charlottesville city | Virginia | United States |
|---|---|---|---|
| Approvals | 33 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 15.9 | 27.9 | 41.0 |
| Median 7(a) approval | $400K | $212K | $190K |
| Median 504 approval | $618K | $484K | $657K |
| Average approval | $950K | $573K | $573K |
| 504 share of approvals | 18.2% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 17.2 | 12.3 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less12.1%4
- $50,001 to $150,00012.1%4
- $150,001 to $350,00015.2%5
- $350,001 to $1 million36.4%12
- $1 million to $2 million15.2%5
- Over $2 million9.1%3
Age of the businesses
- Existing, more than 2 years old66.7%22
- New business, 2 years or less12.1%4
- Startup, loan funds will open the business9.1%3
- Change of ownership12.1%4
Questions and answers
Which lenders make the most SBA loans in Charlottesville city?
By approvals in FY2021 to FY2025: Live Oak Banking Company (3), Blue Ridge Bank National Association (3), Rappahannock Economic Development Corporation (3), Virginia National Bank (3), The Huntington National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Charlottesville city?
The median 7(a) approval was $400K and the median 504 approval $618K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Charlottesville city?
Computer Systems Design and Related Services (4); Medical Equipment and Supplies Manufacturing (4); Restaurants and Other Eating Places (4); Building Equipment Contractors (3); Traveler Accommodation (2).
Is SBA lending in Charlottesville city rising?
Approvals in the three latest complete fiscal years total 14, against 26 in the three before: falling (-46%).
How does Charlottesville city compare with the rest of Virginia?
15.9 approvals per 1,000 establishments against 27.9 statewide, and 33 of the state's 5,893 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error