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County2nd of 130 in Virginia by approvalsFIPS 51107
SBA loans in Loudoun 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 525 loans to businesses in Loudoun County, Virginia, in FY2021 to FY2025, worth $274M: 472 under 7(a) and 53 under 504.
That is 41.8 approvals per 1,000 business establishments (12,561 establishments in 2023), above the Virginia figure of 27.9 and close to the national 41.0.
It ranks 2nd of 130 Virginia counties with approvals. In FY2025 there were 143, up 20% on FY2024.
81 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (65), Business Finance Group, Inc. (44) and The Huntington National Bank (39). 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 Loudoun County
By number of approvals to businesses in the county, FY2021–FY2025; 81 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 65 | $8.7M | 12.4% | |
| 2 | Business Finance Group, Inc.Fairfax, VA · CDC | 44 | $37.2M | 8.4% | |
| 3 | The Huntington National BankColumbus, OH | 39 | $14.2M | 7.4% | |
| 4 | TD Bank, National AssociationWilmington, DE | 37 | $3.2M | 7.0% | |
| 5 | Northeast BankLewiston, ME | 24 | $3.1M | 4.6% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 23 | $4.9M | 4.4% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 19 | $1.7M | 3.6% | |
| 8 | Bank of ClarkeBerryville, VA | 17 | $16.6M | 3.2% | |
| 9 | Potomac BankCharles Town, WV | 17 | $5.3M | 3.2% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 16 | $7.0M | 3.0% | |
| 11 | Bank of America, National AssociationCharlotte, NC | 15 | $5.5M | 2.9% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 13 | $5.7M | 2.5% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 12 | $26.3M | 2.3% | |
| 14 | John Marshall BankReston, VA | 11 | $7.0M | 2.1% | |
| 15 | Atlantic Union BankRichmond, VA | 9 | $4.5M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 61 | 11.6% | |
| 2 | Computer Systems Design and Related ServicesNAICS 5415 | 56 | 10.7% | |
| 3 | Personal Care ServicesNAICS 8121 | 23 | 4.4% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 21 | 4.0% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 20 | 3.8% | |
| 6 | Residential Building ConstructionNAICS 2361 | 19 | 3.6% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 19 | 3.6% | |
| 8 | Child Day Care ServicesNAICS 6244 | 15 | 2.9% | |
| 9 | Other Personal ServicesNAICS 8129 | 15 | 2.9% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 110 | 21.0% | |
| 2 | Accommodation and Food Services | 68 | 13.0% | |
| 3 | Construction | 56 | 10.7% | |
| 4 | Other Services (except Public Administration) | 55 | 10.5% | |
| 5 | Health Care and Social Assistance | 54 | 10.3% | |
| 6 | Retail Trade | 48 | 9.1% | |
| 7 | Arts, Entertainment, and Recreation | 28 | 5.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 28 | 5.3% |
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* | 65 | $30.0M | $220K | 4 | $3.1M | 69 | 822 |
| FY2025 | 136 | $68.7M | $259K | 7 | $3.9M | 143 | 1,839 |
| FY2024 | 108 | $42.6M | $195K | 11 | $6.7M | 119 | 1,950 |
| FY2023 | 91 | $40.4M | $150K | 5 | $6.1M | 96 | 1,616 |
| FY2022 | 68 | $39.8M | $150K | 13 | $10.9M | 81 | 876 |
| FY2021 | 69 | $38.1M | $191K | 17 | $17.0M | 86 | 884 |
| FY2020 | 60 | $24.9M | $142K | 8 | $10.0M | 68 | 770 |
| FY2019 | 87 | $50.2M | $286K | 9 | $7.0M | 96 | 1,475 |
| FY2018 | 76 | $28.2M | $100K | 10 | $11.9M | 86 | 661 |
| FY2017 | 101 | $34.6M | $145K | 10 | $7.9M | 111 | 1,295 |
| FY2016 | 98 | $28.9M | $150K | 10 | $12.8M | 108 | 1,549 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 469 approvals.
Against Virginia and the country
| FY2021–FY2025 | Loudoun County | Virginia | United States |
|---|---|---|---|
| Approvals | 525 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 41.8 | 27.9 | 41.0 |
| Median 7(a) approval | $200K | $212K | $190K |
| Median 504 approval | $489K | $484K | $657K |
| Average approval | $522K | $573K | $573K |
| 504 share of approvals | 10.1% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 13.6 | 12.3 | 10.5 |
| Share of state approvals | 8.9% | 100.0% | — |
Approval sizes
- $50,000 or less19.2%101
- $50,001 to $150,00022.7%119
- $150,001 to $350,00021.9%115
- $350,001 to $1 million24.6%129
- $1 million to $2 million6.3%33
- Over $2 million5.3%28
Age of the businesses
- Existing, more than 2 years old52.8%277
- New business, 2 years or less16.2%85
- Startup, loan funds will open the business25.5%134
- Change of ownership5.5%29
Questions and answers
Which lenders make the most SBA loans in Loudoun County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (65), Business Finance Group, Inc. (44), The Huntington National Bank (39), TD Bank, National Association (37), Northeast Bank (24). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Loudoun County?
The median 7(a) approval was $200K and the median 504 approval $489K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Loudoun County?
Restaurants and Other Eating Places (61); Computer Systems Design and Related Services (56); Personal Care Services (23); Management, Scientific, and Technical Consulting Services (21); Other Amusement and Recreation Industries (20).
Is SBA lending in Loudoun County rising?
Approvals in the three latest complete fiscal years total 358, against 235 in the three before: rising (+52%).
How does Loudoun County compare with the rest of Virginia?
41.8 approvals per 1,000 establishments against 27.9 statewide, and 525 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