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County19th of 130 in Virginia by approvalsFIPS 51770
SBA loans in Roanoke 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 63 loans to businesses in Roanoke city, Virginia, in FY2021 to FY2025, worth $33.0M: 52 under 7(a) and 11 under 504.
That is 20.0 approvals per 1,000 business establishments (3,151 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 19th of 130 Virginia counties with approvals. In FY2025 there were 15, up 36% on FY2024.
26 lenders had approvals here; the most active were Pinnacle Bank (6), Newtek Bank, National Association (6) and Business Finance Group, Inc. (6). 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 Roanoke city
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Pinnacle BankNashville, TN | 6 | $7.5M | 9.5% | |
| 2 | Newtek Bank, National AssociationMiami, FL | 6 | $7.1M | 9.5% | |
| 3 | Business Finance Group, Inc.Fairfax, VA · CDC | 6 | $4.5M | 9.5% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 6 | $83K | 9.5% | |
| 5 | 504 Capital CorporationChesapeake, VA · CDC | 5 | $1.3M | 7.9% | |
| 6 | The First Bank and Trust CompanyLebanon, VA | 5 | $513K | 7.9% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $902K | 6.3% | |
| 8 | Northeast BankLewiston, ME | 3 | $276K | 4.8% | |
| 9 | First-Citizens Bank & Trust CompanyRaleigh, NC | 2 | — | 3.2% | |
| 10 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 3.2% | |
| 11 | Freedom First Federal Credit UnionRoanoke, VA | 2 | — | 3.2% | |
| 12 | HomeTrust BankAsheville, NC | 2 | — | 3.2% | |
| 13 | Continental BankSalt Lake City, UT | 1 | — | 1.6% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.6% | |
| 15 | Truist BankCharlotte, NC | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 12.7% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 5 | 7.9% | |
| 3 | Personal Care ServicesNAICS 8121 | 4 | 6.3% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 4.8% | |
| 5 | Child Day Care ServicesNAICS 6244 | 3 | 4.8% | |
| 6 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 3 | 4.8% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 3 | 4.8% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.8% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 3 | 4.8% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 4.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 10 | 15.9% | |
| 2 | Accommodation and Food Services | 9 | 14.3% | |
| 3 | Retail Trade | 8 | 12.7% | |
| 4 | Health Care and Social Assistance | 7 | 11.1% | |
| 5 | Other Services (except Public Administration) | 6 | 9.5% | |
| 6 | Manufacturing | 4 | 6.3% | |
| 7 | Construction | 4 | 6.3% | |
| 8 | Real Estate and Rental and Leasing | 4 | 6.3% |
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* | 7 | $805K | $100K | 0 | — | 7 | 30 |
| FY2025 | 13 | $6.7M | $300K | 2 | — | 15 | 174 |
| FY2024 | 11 | $3.3M | $245K | 0 | — | 11 | 111 |
| FY2023 | 8 | $4.2M | $73K | 1 | — | 9 | 95 |
| FY2022 | 8 | $1.3M | $100K | 3 | $3.2M | 11 | 183 |
| FY2021 | 12 | $11.8M | $699K | 5 | $1.8M | 17 | 257 |
| FY2020 | 5 | $5.0M | $350K | 1 | — | 6 | 489 |
| FY2019 | 8 | $3.0M | $370K | 0 | — | 8 | 130 |
| FY2018 | 14 | $8.5M | $258K | 0 | — | 14 | 86 |
| FY2017 | 8 | $1.8M | $127K | 0 | — | 8 | 77 |
| FY2016 | 14 | $5.8M | $105K | 0 | — | 14 | 188 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 50 approvals.
Against Virginia and the country
| FY2021–FY2025 | Roanoke city | Virginia | United States |
|---|---|---|---|
| Approvals | 63 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 20.0 | 27.9 | 41.0 |
| Median 7(a) approval | $228K | $212K | $190K |
| Median 504 approval | $464K | $484K | $657K |
| Average approval | $524K | $573K | $573K |
| 504 share of approvals | 17.5% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 13.0 | 12.3 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less25.4%16
- $50,001 to $150,00015.9%10
- $150,001 to $350,00015.9%10
- $350,001 to $1 million30.2%19
- $1 million to $2 million6.3%4
- Over $2 million6.3%4
Age of the businesses
- Existing, more than 2 years old55.6%35
- New business, 2 years or less14.3%9
- Startup, loan funds will open the business15.9%10
- Change of ownership14.3%9
Questions and answers
Which lenders make the most SBA loans in Roanoke city?
By approvals in FY2021 to FY2025: Pinnacle Bank (6), Newtek Bank, National Association (6), Business Finance Group, Inc. (6), Wells Fargo Bank National Association (6), 504 Capital Corporation (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Roanoke city?
The median 7(a) approval was $228K and the median 504 approval $464K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Roanoke city?
Restaurants and Other Eating Places (8); Other Professional, Scientific, and Technical Services (5); Personal Care Services (4); Management, Scientific, and Technical Consulting Services (3); Child Day Care Services (3).
Is SBA lending in Roanoke city rising?
Approvals in the three latest complete fiscal years total 35, against 34 in the three before: broadly level (+3%).
How does Roanoke city compare with the rest of Virginia?
20.0 approvals per 1,000 establishments against 27.9 statewide, and 63 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