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County31st of 130 in Virginia by approvalsFIPS 51161
SBA loans in Roanoke 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.
Businesses in Roanoke County, Virginia, received 35 SBA loan approvals worth $37.4M in FY2021 to FY2025 (32 7(a), 3 504).
That is 16.3 approvals per 1,000 business establishments (2,145 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 31st of 130 Virginia counties with approvals. In FY2025 there were 3.
21 lenders had approvals here; the most active were Live Oak Banking Company (5), The Huntington National Bank (4) and The First Bank and Trust Company (3). 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 County
By number of approvals to businesses in the county, FY2021–FY2025; 21 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 5 | $9.0M | 14.3% | |
| 2 | The Huntington National BankColumbus, OH | 4 | $890K | 11.4% | |
| 3 | The First Bank and Trust CompanyLebanon, VA | 3 | $508K | 8.6% | |
| 4 | GBankLas Vegas, NV | 2 | — | 5.7% | |
| 5 | Pinnacle BankNashville, TN | 2 | — | 5.7% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 5.7% | |
| 7 | First-Citizens Bank & Trust CompanyRaleigh, NC | 2 | — | 5.7% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 5.7% | |
| 9 | Rappahannock Economic Development CorporationFredericksburg, VA · CDC | 1 | — | 2.9% | |
| 10 | TowneBankPortsmouth, VA | 1 | — | 2.9% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.9% | |
| 12 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.9% | |
| 13 | HomeTrust BankAsheville, NC | 1 | — | 2.9% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 2.9% | |
| 15 | Business Finance Group, Inc.Fairfax, VA · CDC | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 11.4% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 5.7% | |
| 3 | Traveler AccommodationNAICS 7211 | 2 | 5.7% | |
| 4 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 5.7% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 5.7% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 2 | 5.7% | |
| 7 | Personal Care ServicesNAICS 8121 | 2 | 5.7% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 2 | 5.7% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 5.7% | |
| 10 | Remediation and Other Waste Management ServicesNAICS 5629 | 2 | 5.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 6 | 17.1% | |
| 2 | Professional, Scientific, and Technical Services | 5 | 14.3% | |
| 3 | Retail Trade | 4 | 11.4% | |
| 4 | Health Care and Social Assistance | 4 | 11.4% | |
| 5 | Construction | 4 | 11.4% | |
| 6 | Manufacturing | 3 | 8.6% | |
| 7 | Other Services (except Public Administration) | 3 | 8.6% | |
| 8 | Arts, Entertainment, and Recreation | 2 | 5.7% |
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* | 4 | $1.4M | $420K | 0 | — | 4 | 42 |
| FY2025 | 3 | $5.2M | $150K | 0 | — | 3 | 33 |
| FY2024 | 8 | $7.7M | $386K | 1 | — | 9 | 418 |
| FY2023 | 12 | $10.9M | $230K | 1 | — | 13 | 122 |
| FY2022 | 5 | $11.1M | $2.5M | 1 | — | 6 | 309 |
| FY2021 | 4 | $1.4M | $340K | 0 | — | 4 | 36 |
| FY2020 | 4 | $1.9M | $248K | 1 | — | 5 | 41 |
| FY2019 | 10 | $5.3M | $331K | 0 | — | 10 | 455 |
| FY2018 | 7 | $2.2M | $200K | 0 | — | 7 | 57 |
| FY2017 | 12 | $5.4M | $119K | 0 | — | 12 | 106 |
| FY2016 | 5 | $2.2M | $25K | 0 | — | 5 | 24 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 39 approvals.
Against Virginia and the country
| FY2021–FY2025 | Roanoke County | Virginia | United States |
|---|---|---|---|
| Approvals | 35 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 16.3 | 27.9 | 41.0 |
| Median 7(a) approval | $297K | $212K | $190K |
| Median 504 approval | $164K | $484K | $657K |
| Average approval | $1.1M | $573K | $573K |
| 504 share of approvals | 8.6% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 26.2 | 12.3 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less14.3%5
- $50,001 to $150,00025.7%9
- $150,001 to $350,00014.3%5
- $350,001 to $1 million22.9%8
- Over $2 million22.9%8
Age of the businesses
- Existing, more than 2 years old34.3%12
- New business, 2 years or less20.0%7
- Startup, loan funds will open the business20.0%7
- Change of ownership25.7%9
Questions and answers
Which lenders make the most SBA loans in Roanoke County?
By approvals in FY2021 to FY2025: Live Oak Banking Company (5), The Huntington National Bank (4), The First Bank and Trust Company (3), GBank (2), Pinnacle Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Roanoke County?
The median 7(a) approval was $297K and the median 504 approval $164K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Roanoke County?
Restaurants and Other Eating Places (4); Other Professional, Scientific, and Technical Services (2); Traveler Accommodation (2); Other Miscellaneous Manufacturing (2); Other Amusement and Recreation Industries (2).
Is SBA lending in Roanoke County rising?
Approvals in the three latest complete fiscal years total 25, against 15 in the three before: rising (+67%).
How does Roanoke County compare with the rest of Virginia?
16.3 approvals per 1,000 establishments against 27.9 statewide, and 35 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