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County22nd of 130 in Virginia by approvalsFIPS 51069
SBA loans in Frederick County, 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.
Businesses in Frederick County, Virginia, received 56 SBA loan approvals worth $47.5M in FY2021 to FY2025 (52 7(a), 4 504).
That is 33.0 approvals per 1,000 business establishments (1,695 establishments in 2023), above the Virginia figure of 27.9 and below the national 41.0.
It ranks 22nd of 130 Virginia counties with approvals. In FY2025 there were 15, about level with FY2024.
31 lenders had approvals here; the most active were Northeast Bank (7), Bank of Clarke (5) and Meridian Bank (3). The most common industry was automotive repair and maintenance.
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 Frederick County
By number of approvals to businesses in the county, FY2021–FY2025; 31 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Northeast BankLewiston, ME | 7 | $307K | 12.5% | |
| 2 | Bank of ClarkeBerryville, VA | 5 | $1.4M | 8.9% | |
| 3 | Meridian BankMalvern, PA | 3 | $2.9M | 5.4% | |
| 4 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $620K | 5.4% | |
| 5 | Peoples BankMendenhall, MS | 2 | — | 3.6% | |
| 6 | Business Finance Group, Inc.Fairfax, VA · CDC | 2 | — | 3.6% | |
| 7 | First Bank of the LakeOsage Beach, MO | 2 | — | 3.6% | |
| 8 | CIBC Bank USAChicago, IL | 2 | — | 3.6% | |
| 9 | KeyPoint CUSan Jose, CA | 2 | — | 3.6% | |
| 10 | SouthState Bank, National AssociationWinter Haven, FL | 2 | — | 3.6% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.6% | |
| 12 | Potomac BankCharles Town, WV | 2 | — | 3.6% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 3.6% | |
| 14 | CDC Small Business Finance Corp.San Diego, CA | 2 | — | 3.6% | |
| 15 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 7.1% | |
| 2 | General Freight TruckingNAICS 4841 | 4 | 7.1% | |
| 3 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 4 | 7.1% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | 5.4% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 5.4% | |
| 6 | Personal Care ServicesNAICS 8121 | 3 | 5.4% | |
| 7 | Home Health Care ServicesNAICS 6216 | 2 | 3.6% | |
| 8 | Other Chemical Product and Preparation ManufacturingNAICS 3259 | 2 | 3.6% | |
| 9 | Beer, Wine, and Distilled Alcoholic Beverage Merchant WholesalersNAICS 4248 | 2 | 3.6% | |
| 10 | Investigation and Security ServicesNAICS 5616 | 2 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 9 | 16.1% | |
| 2 | Other Services (except Public Administration) | 8 | 14.3% | |
| 3 | Accommodation and Food Services | 6 | 10.7% | |
| 4 | Professional, Scientific, and Technical Services | 6 | 10.7% | |
| 5 | Manufacturing | 5 | 8.9% | |
| 6 | Transportation and Warehousing | 5 | 8.9% | |
| 7 | Health Care and Social Assistance | 4 | 7.1% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 4 | 7.1% |
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 | $300K | $125K | 1 | — | 4 | 29 |
| FY2025 | 13 | $2.0M | $50K | 2 | — | 15 | 92 |
| FY2024 | 16 | $8.5M | $144K | 0 | — | 16 | 164 |
| FY2023 | 7 | $7.6M | $275K | 0 | — | 7 | 91 |
| FY2022 | 7 | $3.8M | $250K | 0 | — | 7 | 49 |
| FY2021 | 9 | $16.4M | $1.2M | 2 | — | 11 | 161 |
| FY2020 | 8 | $5.6M | $171K | 2 | — | 10 | 42 |
| FY2019 | 5 | $454K | $69K | 1 | — | 6 | 17 |
| FY2018 | 6 | $5.5M | $675K | 1 | — | 7 | 72 |
| FY2017 | 3 | $1.3M | $130K | 4 | $1.6M | 7 | 66 |
| FY2016 | 10 | $5.0M | $186K | 0 | — | 10 | 157 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 40 approvals.
Against Virginia and the country
| FY2021–FY2025 | Frederick County | Virginia | United States |
|---|---|---|---|
| Approvals | 56 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 33.0 | 27.9 | 41.0 |
| Median 7(a) approval | $235K | $212K | $190K |
| Median 504 approval | $1.6M | $484K | $657K |
| Average approval | $848K | $573K | $573K |
| 504 share of approvals | 7.1% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 9.9 | 12.3 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less28.6%16
- $50,001 to $150,00012.5%7
- $150,001 to $350,00016.1%9
- $350,001 to $1 million19.6%11
- $1 million to $2 million10.7%6
- Over $2 million12.5%7
Age of the businesses
- Existing, more than 2 years old46.4%26
- New business, 2 years or less26.8%15
- Startup, loan funds will open the business17.9%10
- Change of ownership8.9%5
Questions and answers
Which lenders make the most SBA loans in Frederick County?
By approvals in FY2021 to FY2025: Northeast Bank (7), Bank of Clarke (5), Meridian Bank (3), United Midwest Savings Bank National Association (3), Peoples Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Frederick County?
The median 7(a) approval was $235K and the median 504 approval $1.6M; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Frederick County?
Automotive Repair and Maintenance (4); General Freight Trucking (4); Other Professional, Scientific, and Technical Services (4); Traveler Accommodation (3); Restaurants and Other Eating Places (3).
Is SBA lending in Frederick County rising?
Approvals in the three latest complete fiscal years total 38, against 28 in the three before: rising (+36%).
How does Frederick County compare with the rest of Virginia?
33.0 approvals per 1,000 establishments against 27.9 statewide, and 56 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