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County35th of 130 in Virginia by approvalsFIPS 51660
SBA loans in Harrisonburg 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 Harrisonburg city, Virginia, received 32 SBA loan approvals worth $20.6M in FY2021 to FY2025 (24 7(a), 8 504).
That is 18.9 approvals per 1,000 business establishments (1,695 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 35th of 130 Virginia counties with approvals. In FY2025 there were 8.
18 lenders had approvals here; the most active were 504 Capital Corporation (6), Farmers & Merchants Bank (5) and Pendleton Community Bank Inc (3). The most common industry was personal care 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 Harrisonburg city
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 504 Capital CorporationChesapeake, VA · CDC | 6 | $7.3M | 18.8% | |
| 2 | Farmers & Merchants BankTimberville, VA | 5 | $750K | 15.6% | |
| 3 | Pendleton Community Bank IncFranklin, WV | 3 | $902K | 9.4% | |
| 4 | First Bank of the LakeOsage Beach, MO | 2 | — | 6.3% | |
| 5 | Business Finance Group, Inc.Fairfax, VA · CDC | 2 | — | 6.3% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 2 | — | 6.3% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 1 | — | 3.1% | |
| 8 | Bank Five NineOconomowoc, WI | 1 | — | 3.1% | |
| 9 | Citizens BankElizabethton, TN | 1 | — | 3.1% | |
| 10 | Stearns Bank National AssociationSaint Cloud, MN | 1 | — | 3.1% | |
| 11 | Hanover Community BankMineola, NY | 1 | — | 3.1% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 3.1% | |
| 13 | The Huntington National BankColumbus, OH | 1 | — | 3.1% | |
| 14 | Truist BankCharlotte, NC | 1 | — | 3.1% | |
| 15 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 3.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 5 | 15.6% | |
| 2 | Traveler AccommodationNAICS 7211 | 3 | 9.4% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 9.4% | |
| 4 | Offices of PhysiciansNAICS 6211 | 2 | 6.3% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 6.3% | |
| 6 | Other Schools and InstructionNAICS 6116 | 2 | 6.3% | |
| 7 | Drycleaning and Laundry ServicesNAICS 8123 | 1 | 3.1% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 1 | 3.1% | |
| 9 | Child Day Care ServicesNAICS 6244 | 1 | 3.1% | |
| 10 | Technical and Trade SchoolsNAICS 6115 | 1 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 8 | 25.0% | |
| 2 | Accommodation and Food Services | 6 | 18.8% | |
| 3 | Health Care and Social Assistance | 5 | 15.6% | |
| 4 | Educational Services | 4 | 12.5% | |
| 5 | Retail Trade | 3 | 9.4% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 2 | 6.3% | |
| 7 | Construction | 1 | 3.1% | |
| 8 | Professional, Scientific, and Technical Services | 1 | 3.1% |
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* | 10 | $5.6M | $337K | 1 | — | 11 | 177 |
| FY2025 | 7 | $6.6M | $535K | 1 | — | 8 | 135 |
| FY2024 | 3 | $1.5M | $150K | 0 | — | 3 | 20 |
| FY2023 | 6 | $1.9M | $250K | 3 | $5.3M | 9 | 241 |
| FY2022 | 3 | $702K | $202K | 1 | — | 4 | 30 |
| FY2021 | 5 | $838K | $150K | 3 | $1.9M | 8 | 24 |
| FY2020 | 4 | $2.1M | $350K | 0 | — | 4 | 16 |
| FY2019 | 6 | $2.7M | $298K | 1 | — | 7 | 81 |
| FY2018 | 9 | $1.3M | $125K | 1 | — | 10 | 103 |
| FY2017 | 4 | $324K | $70K | 1 | — | 5 | 17 |
| FY2016 | 5 | $3.4M | $60K | 0 | — | 5 | 51 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 31 approvals.
Against Virginia and the country
| FY2021–FY2025 | Harrisonburg city | Virginia | United States |
|---|---|---|---|
| Approvals | 32 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 18.9 | 27.9 | 41.0 |
| Median 7(a) approval | $201K | $212K | $190K |
| Median 504 approval | $819K | $484K | $657K |
| Average approval | $645K | $573K | $573K |
| 504 share of approvals | 25.0% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 14.1 | 12.3 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less3.1%1
- $50,001 to $150,00031.3%10
- $150,001 to $350,00021.9%7
- $350,001 to $1 million25.0%8
- $1 million to $2 million12.5%4
- Over $2 million6.3%2
Age of the businesses
- Existing, more than 2 years old40.6%13
- New business, 2 years or less9.4%3
- Startup, loan funds will open the business37.5%12
- Change of ownership12.5%4
Questions and answers
Which lenders make the most SBA loans in Harrisonburg city?
By approvals in FY2021 to FY2025: 504 Capital Corporation (6), Farmers & Merchants Bank (5), Pendleton Community Bank Inc (3), First Bank of the Lake (2), Business Finance Group, Inc. (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Harrisonburg city?
The median 7(a) approval was $201K and the median 504 approval $819K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Harrisonburg city?
Personal Care Services (5); Traveler Accommodation (3); Restaurants and Other Eating Places (3); Offices of Physicians (2); Automotive Repair and Maintenance (2).
Is SBA lending in Harrisonburg city rising?
Approvals in the three latest complete fiscal years total 20, against 16 in the three before: rising (+25%).
How does Harrisonburg city compare with the rest of Virginia?
18.9 approvals per 1,000 establishments against 27.9 statewide, and 32 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