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County18th of 130 in Virginia by approvalsFIPS 51095
SBA loans in James City 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.
SBA approved 64 loans to businesses in James City County, Virginia, in FY2021 to FY2025, worth $40.0M: 48 under 7(a) and 16 under 504.
That is 34.8 approvals per 1,000 business establishments (1,841 establishments in 2023), above the Virginia figure of 27.9 and below the national 41.0.
It ranks 18th of 130 Virginia counties with approvals. In FY2025 there were 24, up 140% on FY2024.
27 lenders had approvals here; the most active were Business Finance Group, Inc. (10), 504 Capital Corporation (6) and Newtek Bank, National Association (5). The most common industry was offices of other health practitioners.
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 James City County
By number of approvals to businesses in the county, FY2021–FY2025; 27 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Business Finance Group, Inc.Fairfax, VA · CDC | 10 | $6.4M | 15.6% | |
| 2 | 504 Capital CorporationChesapeake, VA · CDC | 6 | $5.5M | 9.4% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 5 | $2.6M | 7.8% | |
| 4 | The Huntington National BankColumbus, OH | 4 | $630K | 6.3% | |
| 5 | Manufacturers and Traders Trust CompanyBuffalo, NY | 4 | $164K | 6.3% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $60K | 6.3% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 3 | $3.8M | 4.7% | |
| 8 | BayPort Federal Credit UnionNewport News, VA | 3 | $143K | 4.7% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 3.1% | |
| 10 | Truist BankCharlotte, NC | 2 | — | 3.1% | |
| 11 | First Bank of the LakeOsage Beach, MO | 2 | — | 3.1% | |
| 12 | TowneBankPortsmouth, VA | 2 | — | 3.1% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.1% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.1% | |
| 15 | GBankLas Vegas, NV | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 9 | 14.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.8% | |
| 3 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 4.7% | |
| 4 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 4.7% | |
| 5 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 3 | 4.7% | |
| 6 | Traveler AccommodationNAICS 7211 | 2 | 3.1% | |
| 7 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 3.1% | |
| 8 | Specialty Food StoresNAICS 4452 | 2 | 3.1% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.1% | |
| 10 | Other Personal ServicesNAICS 8129 | 2 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 13 | 20.3% | |
| 2 | Retail Trade | 11 | 17.2% | |
| 3 | Professional, Scientific, and Technical Services | 9 | 14.1% | |
| 4 | Accommodation and Food Services | 8 | 12.5% | |
| 5 | Construction | 5 | 7.8% | |
| 6 | Manufacturing | 4 | 6.3% | |
| 7 | Other Services (except Public Administration) | 4 | 6.3% | |
| 8 | Transportation and Warehousing | 3 | 4.7% |
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* | 6 | $3.4M | $534K | 1 | — | 7 | 225 |
| FY2025 | 20 | $11.1M | $168K | 4 | $4.3M | 24 | 136 |
| FY2024 | 8 | $8.6M | $575K | 2 | — | 10 | 112 |
| FY2023 | 9 | $2.3M | $200K | 1 | — | 10 | 93 |
| FY2022 | 5 | $1.2M | $175K | 1 | — | 6 | 57 |
| FY2021 | 6 | $4.8M | $489K | 8 | $3.0M | 14 | 102 |
| FY2020 | 7 | $7.1M | $265K | 3 | $733K | 10 | 160 |
| FY2019 | 15 | $3.7M | $152K | 4 | $1.4M | 19 | 222 |
| FY2018 | 6 | $5.9M | $325K | 5 | $5.0M | 11 | 119 |
| FY2017 | 9 | $4.4M | $205K | 1 | — | 10 | 82 |
| FY2016 | 6 | $345K | $43K | 0 | — | 6 | 7 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 56 approvals.
Against Virginia and the country
| FY2021–FY2025 | James City County | Virginia | United States |
|---|---|---|---|
| Approvals | 64 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 34.8 | 27.9 | 41.0 |
| Median 7(a) approval | $200K | $212K | $190K |
| Median 504 approval | $240K | $484K | $657K |
| Average approval | $624K | $573K | $573K |
| 504 share of approvals | 25.0% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 7.8 | 12.3 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less17.2%11
- $50,001 to $150,00018.8%12
- $150,001 to $350,00029.7%19
- $350,001 to $1 million17.2%11
- $1 million to $2 million9.4%6
- Over $2 million7.8%5
Age of the businesses
- Existing, more than 2 years old51.6%33
- New business, 2 years or less17.2%11
- Startup, loan funds will open the business23.4%15
- Change of ownership7.8%5
Questions and answers
Which lenders make the most SBA loans in James City County?
By approvals in FY2021 to FY2025: Business Finance Group, Inc. (10), 504 Capital Corporation (6), Newtek Bank, National Association (5), The Huntington National Bank (4), Manufacturers and Traders Trust Company (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in James City County?
The median 7(a) approval was $200K and the median 504 approval $240K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in James City County?
Offices of Other Health Practitioners (9); Restaurants and Other Eating Places (5); Other Professional, Scientific, and Technical Services (3); Computer Systems Design and Related Services (3); Sporting Goods, Hobby, and Musical Instrument Retailers (3).
Is SBA lending in James City County rising?
Approvals in the three latest complete fiscal years total 44, against 30 in the three before: rising (+47%).
How does James City County compare with the rest of Virginia?
34.8 approvals per 1,000 establishments against 27.9 statewide, and 64 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