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County29th of 130 in Virginia by approvalsFIPS 51650
SBA loans in Hampton 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 45 loans to businesses in Hampton city, Virginia, in FY2021 to FY2025, worth $41.5M: 36 under 7(a) and 9 under 504.
That is 19.1 approvals per 1,000 business establishments (2,362 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 29th of 130 Virginia counties with approvals. In FY2025 there were 14.
26 lenders had approvals here; the most active were 504 Capital Corporation (7), BayPort Federal Credit Union (4) and Live Oak Banking Company (3). The most common industry was general freight trucking.
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 Hampton city
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 504 Capital CorporationChesapeake, VA · CDC | 7 | $7.4M | 15.6% | |
| 2 | BayPort Federal Credit UnionNewport News, VA | 4 | $245K | 8.9% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 3 | $6.2M | 6.7% | |
| 4 | Harvest Small Business Finance, LLCLaguna Hills, CA | 3 | $4.2M | 6.7% | |
| 5 | Northeast BankLewiston, ME | 3 | $265K | 6.7% | |
| 6 | Business Finance Group, Inc.Fairfax, VA · CDC | 2 | — | 4.4% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 4.4% | |
| 8 | Manufacturers and Traders Trust CompanyBuffalo, NY | 2 | — | 4.4% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 2 | — | 4.4% | |
| 10 | Enterprise Bank & TrustClayton, MO | 1 | — | 2.2% | |
| 11 | First Internet Bank of IndianaFishers, IN | 1 | — | 2.2% | |
| 12 | East West BankPasadena, CA | 1 | — | 2.2% | |
| 13 | Bank of Oak RidgeOak Ridge, NC | 1 | — | 2.2% | |
| 14 | Truist BankCharlotte, NC | 1 | — | 2.2% | |
| 15 | GBankLas Vegas, NV | 1 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 4 | 8.9% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.7% | |
| 3 | Personal Care ServicesNAICS 8121 | 3 | 6.7% | |
| 4 | Traveler AccommodationNAICS 7211 | 2 | 4.4% | |
| 5 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 4.4% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 2 | 4.4% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.4% | |
| 8 | Beverage ManufacturingNAICS 3121 | 2 | 4.4% | |
| 9 | Child Day Care ServicesNAICS 6244 | 2 | 4.4% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 2 | 4.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 7 | 15.6% | |
| 2 | Manufacturing | 7 | 15.6% | |
| 3 | Accommodation and Food Services | 5 | 11.1% | |
| 4 | Health Care and Social Assistance | 5 | 11.1% | |
| 5 | Other Services (except Public Administration) | 4 | 8.9% | |
| 6 | Transportation and Warehousing | 4 | 8.9% | |
| 7 | Wholesale Trade | 3 | 6.7% | |
| 8 | Professional, Scientific, and Technical Services | 3 | 6.7% |
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* | 5 | $7.1M | $1.3M | 2 | — | 7 | 71 |
| FY2025 | 14 | $14.9M | $503K | 0 | — | 14 | 125 |
| FY2024 | 7 | $9.4M | $897K | 1 | — | 8 | 269 |
| FY2023 | 7 | $4.9M | $300K | 1 | — | 8 | 157 |
| FY2022 | 3 | $383K | $55K | 3 | $1.6M | 6 | 40 |
| FY2021 | 5 | $3.3M | $575K | 4 | $5.5M | 9 | 47 |
| FY2020 | 6 | $3.6M | $329K | 4 | $3.5M | 10 | 207 |
| FY2019 | 9 | $3.7M | $186K | 0 | — | 9 | 258 |
| FY2018 | 5 | $2.5M | $15K | 1 | — | 6 | 115 |
| FY2017 | 7 | $3.9M | $200K | 0 | — | 7 | 65 |
| FY2016 | 7 | $568K | $53K | 0 | — | 7 | 87 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 39 approvals.
Against Virginia and the country
| FY2021–FY2025 | Hampton city | Virginia | United States |
|---|---|---|---|
| Approvals | 45 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 19.1 | 27.9 | 41.0 |
| Median 7(a) approval | $388K | $212K | $190K |
| Median 504 approval | $763K | $484K | $657K |
| Average approval | $922K | $573K | $573K |
| 504 share of approvals | 20.0% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 14.2 | 12.3 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less8.9%4
- $50,001 to $150,00026.7%12
- $150,001 to $350,00011.1%5
- $350,001 to $1 million26.7%12
- $1 million to $2 million13.3%6
- Over $2 million13.3%6
Age of the businesses
- Existing, more than 2 years old53.3%24
- New business, 2 years or less20.0%9
- Startup, loan funds will open the business6.7%3
- Change of ownership20.0%9
Questions and answers
Which lenders make the most SBA loans in Hampton city?
By approvals in FY2021 to FY2025: 504 Capital Corporation (7), BayPort Federal Credit Union (4), Live Oak Banking Company (3), Harvest Small Business Finance, LLC (3), Northeast Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hampton city?
The median 7(a) approval was $388K and the median 504 approval $763K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Hampton city?
General Freight Trucking (4); Restaurants and Other Eating Places (3); Personal Care Services (3); Traveler Accommodation (2); Miscellaneous Durable Goods Merchant Wholesalers (2).
Is SBA lending in Hampton city rising?
Approvals in the three latest complete fiscal years total 30, against 25 in the three before: rising (+20%).
How does Hampton city compare with the rest of Virginia?
19.1 approvals per 1,000 establishments against 27.9 statewide, and 45 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