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County24th of 130 in Virginia by approvalsFIPS 51630
SBA loans in Fredericksburg 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.
Businesses in Fredericksburg city, Virginia, received 54 SBA loan approvals worth $28.9M in FY2021 to FY2025 (45 7(a), 9 504).
That is 36.6 approvals per 1,000 business establishments (1,477 establishments in 2023), above the Virginia figure of 27.9 and close to the national 41.0.
It ranks 24th of 130 Virginia counties with approvals. In FY2025 there were 16, up 33% on FY2024.
23 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (9), Rappahannock Economic Development Corporation (7) and Atlantic Union Bank (6). The most common industry was restaurants and other eating places.
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 Fredericksburg city
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 9 | $766K | 16.7% | |
| 2 | Rappahannock Economic Development CorporationFredericksburg, VA · CDC | 7 | $3.6M | 13.0% | |
| 3 | Atlantic Union BankRichmond, VA | 6 | $1.2M | 11.1% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 5 | $3.9M | 9.3% | |
| 5 | Potomac BankCharles Town, WV | 4 | $1.4M | 7.4% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 4 | $688K | 7.4% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.7% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.7% | |
| 9 | First-Citizens Bank & Trust CompanyRaleigh, NC | 1 | — | 1.9% | |
| 10 | 504 Capital CorporationChesapeake, VA · CDC | 1 | — | 1.9% | |
| 11 | Open BankLos Angeles, CA | 1 | — | 1.9% | |
| 12 | Truliant FCUWinston-Salem, NC | 1 | — | 1.9% | |
| 13 | Mechanics and Farmers BankDurham, NC | 1 | — | 1.9% | |
| 14 | Business Finance Group, Inc.Fairfax, VA · CDC | 1 | — | 1.9% | |
| 15 | ConnectOne BankEnglewood Cliffs, NJ | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 11.1% | |
| 2 | Personal Care ServicesNAICS 8121 | 6 | 11.1% | |
| 3 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 5.6% | |
| 4 | Automobile DealersNAICS 4411 | 3 | 5.6% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 5.6% | |
| 6 | Traveler AccommodationNAICS 7211 | 2 | 3.7% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.7% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 3.7% | |
| 9 | Individual and Family ServicesNAICS 6241 | 2 | 3.7% | |
| 10 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 3.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 9 | 16.7% | |
| 2 | Other Services (except Public Administration) | 9 | 16.7% | |
| 3 | Accommodation and Food Services | 8 | 14.8% | |
| 4 | Retail Trade | 6 | 11.1% | |
| 5 | Manufacturing | 6 | 11.1% | |
| 6 | Health Care and Social Assistance | 5 | 9.3% | |
| 7 | Construction | 3 | 5.6% | |
| 8 | Arts, Entertainment, and Recreation | 2 | 3.7% |
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* | 10 | $4.0M | $225K | 1 | — | 11 | 184 |
| FY2025 | 16 | $9.7M | $363K | 0 | — | 16 | 393 |
| FY2024 | 10 | $6.2M | $320K | 2 | — | 12 | 317 |
| FY2023 | 11 | $2.2M | $150K | 1 | — | 12 | 181 |
| FY2022 | 6 | $963K | $138K | 3 | $1.8M | 9 | 176 |
| FY2021 | 2 | — | — | 3 | $3.4M | 5 | 25 |
| FY2020 | 8 | $3.3M | $225K | 1 | — | 9 | 115 |
| FY2019 | 8 | $2.2M | $225K | 1 | — | 9 | 65 |
| FY2018 | 8 | $1.3M | $200K | 2 | — | 10 | 144 |
| FY2017 | 9 | $5.7M | $350K | 1 | — | 10 | 231 |
| FY2016 | 13 | $8.9M | $250K | 2 | — | 15 | 101 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 53 approvals.
Against Virginia and the country
| FY2021–FY2025 | Fredericksburg city | Virginia | United States |
|---|---|---|---|
| Approvals | 54 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 36.6 | 27.9 | 41.0 |
| Median 7(a) approval | $300K | $212K | $190K |
| Median 504 approval | $660K | $484K | $657K |
| Average approval | $534K | $573K | $573K |
| 504 share of approvals | 16.7% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 20.2 | 12.3 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less16.7%9
- $50,001 to $150,00018.5%10
- $150,001 to $350,00025.9%14
- $350,001 to $1 million27.8%15
- $1 million to $2 million3.7%2
- Over $2 million7.4%4
Age of the businesses
- Existing, more than 2 years old53.7%29
- New business, 2 years or less14.8%8
- Startup, loan funds will open the business22.2%12
- Change of ownership9.3%5
Questions and answers
Which lenders make the most SBA loans in Fredericksburg city?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (9), Rappahannock Economic Development Corporation (7), Atlantic Union Bank (6), Newtek Bank, National Association (5), Potomac Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Fredericksburg city?
The median 7(a) approval was $300K and the median 504 approval $660K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Fredericksburg city?
Restaurants and Other Eating Places (6); Personal Care Services (6); Computer Systems Design and Related Services (3); Automobile Dealers (3); Other Professional, Scientific, and Technical Services (3).
Is SBA lending in Fredericksburg city rising?
Approvals in the three latest complete fiscal years total 40, against 23 in the three before: rising (+74%).
How does Fredericksburg city compare with the rest of Virginia?
36.6 approvals per 1,000 establishments against 27.9 statewide, and 54 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