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County27th of 130 in Virginia by approvalsFIPS 51680
SBA loans in Lynchburg 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 Lynchburg city, Virginia, received 47 SBA loan approvals worth $29.4M in FY2021 to FY2025 (38 7(a), 9 504).
That is 20.9 approvals per 1,000 business establishments (2,251 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 27th of 130 Virginia counties with approvals. In FY2025 there were 13.
24 lenders had approvals here; the most active were Live Oak Banking Company (6), 504 Capital Corporation (5) and The Huntington National Bank (4). 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 Lynchburg city
By number of approvals to businesses in the county, FY2021–FY2025; 24 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 6 | $3.2M | 12.8% | |
| 2 | 504 Capital CorporationChesapeake, VA · CDC | 5 | $4.4M | 10.6% | |
| 3 | The Huntington National BankColumbus, OH | 4 | $805K | 8.5% | |
| 4 | The First Bank and Trust CompanyLebanon, VA | 4 | $680K | 8.5% | |
| 5 | Select BankForest, VA | 3 | $5.0M | 6.4% | |
| 6 | Business Finance Group, Inc.Fairfax, VA · CDC | 3 | $1.6M | 6.4% | |
| 7 | Central Virginia Federal Credit UnionLynchburg, VA | 3 | $350K | 6.4% | |
| 8 | Pinnacle BankNashville, TN | 2 | — | 4.3% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 4.3% | |
| 10 | Hanover Community BankMineola, NY | 1 | — | 2.1% | |
| 11 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 2.1% | |
| 12 | Beacon Bank and TrustBrookline, MA | 1 | — | 2.1% | |
| 13 | First-Citizens Bank & Trust CompanyRaleigh, NC | 1 | — | 2.1% | |
| 14 | GBankLas Vegas, NV | 1 | — | 2.1% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 12.8% | |
| 2 | Remediation and Other Waste Management ServicesNAICS 5629 | 5 | 10.6% | |
| 3 | Personal Care ServicesNAICS 8121 | 4 | 8.5% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | 6.4% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 6.4% | |
| 6 | Utility System ConstructionNAICS 2371 | 2 | 4.3% | |
| 7 | Offices of PhysiciansNAICS 6211 | 2 | 4.3% | |
| 8 | Scientific Research and Development ServicesNAICS 5417 | 2 | 4.3% | |
| 9 | Special Food ServicesNAICS 7223 | 2 | 4.3% | |
| 10 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 1 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 23.4% | |
| 2 | Other Services (except Public Administration) | 7 | 14.9% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 5 | 10.6% | |
| 4 | Retail Trade | 5 | 10.6% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 10.6% | |
| 6 | Health Care and Social Assistance | 3 | 6.4% | |
| 7 | Arts, Entertainment, and Recreation | 3 | 6.4% | |
| 8 | Construction | 3 | 6.4% |
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 | $1.6M | $235K | 0 | — | 6 | 44 |
| FY2025 | 11 | $13.0M | $500K | 2 | — | 13 | 163 |
| FY2024 | 8 | $3.3M | $300K | 1 | — | 9 | 222 |
| FY2023 | 8 | $2.2M | $169K | 1 | — | 9 | 52 |
| FY2022 | 7 | $1.6M | $150K | 3 | $4.2M | 10 | 231 |
| FY2021 | 4 | $3.1M | $884K | 2 | — | 6 | 248 |
| FY2020 | 6 | $5.8M | $1.1M | 0 | — | 6 | 41 |
| FY2019 | 2 | — | — | 0 | — | 2 | 16 |
| FY2018 | 6 | $1.0M | $100K | 1 | — | 7 | 100 |
| FY2017 | 11 | $4.1M | $150K | 2 | — | 13 | 150 |
| FY2016 | 8 | $3.0M | $150K | 1 | — | 9 | 93 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 37 approvals.
Against Virginia and the country
| FY2021–FY2025 | Lynchburg city | Virginia | United States |
|---|---|---|---|
| Approvals | 47 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 20.9 | 27.9 | 41.0 |
| Median 7(a) approval | $300K | $212K | $190K |
| Median 504 approval | $173K | $484K | $657K |
| Average approval | $625K | $573K | $573K |
| 504 share of approvals | 19.1% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 19.5 | 12.3 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less12.8%6
- $50,001 to $150,00023.4%11
- $150,001 to $350,00021.3%10
- $350,001 to $1 million25.5%12
- $1 million to $2 million10.6%5
- Over $2 million6.4%3
Age of the businesses
- Existing, more than 2 years old44.7%21
- New business, 2 years or less14.9%7
- Startup, loan funds will open the business34.0%16
- Change of ownership6.4%3
Questions and answers
Which lenders make the most SBA loans in Lynchburg city?
By approvals in FY2021 to FY2025: Live Oak Banking Company (6), 504 Capital Corporation (5), The Huntington National Bank (4), The First Bank and Trust Company (4), Select Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lynchburg city?
The median 7(a) approval was $300K and the median 504 approval $173K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Lynchburg city?
Restaurants and Other Eating Places (6); Remediation and Other Waste Management Services (5); Personal Care Services (4); Traveler Accommodation (3); Other Amusement and Recreation Industries (3).
Is SBA lending in Lynchburg city rising?
Approvals in the three latest complete fiscal years total 31, against 22 in the three before: rising (+41%).
How does Lynchburg city compare with the rest of Virginia?
20.9 approvals per 1,000 establishments against 27.9 statewide, and 47 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