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County32nd of 130 in Virginia by approvalsFIPS 51165
SBA loans in Rockingham 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 Rockingham County, Virginia, received 34 SBA loan approvals worth $19.5M in FY2021 to FY2025 (29 7(a), 5 504).
That is 20.6 approvals per 1,000 business establishments (1,648 establishments in 2023), below the Virginia figure of 27.9 and below the national 41.0.
It ranks 32nd of 130 Virginia counties with approvals. In FY2025 there were 11.
18 lenders had approvals here; the most active were Business Finance Group, Inc. (4), The First Bank and Trust Company (4) and Pendleton Community Bank Inc (4). The most common industry was gasoline stations.
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 Rockingham County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Business Finance Group, Inc.Fairfax, VA · CDC | 4 | $6.8M | 11.8% | |
| 2 | The First Bank and Trust CompanyLebanon, VA | 4 | $3.9M | 11.8% | |
| 3 | Pendleton Community Bank IncFranklin, WV | 4 | $728K | 11.8% | |
| 4 | The Huntington National BankColumbus, OH | 3 | $658K | 8.8% | |
| 5 | Farmers & Merchants BankTimberville, VA | 3 | $535K | 8.8% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.9% | |
| 7 | Atlantic Union BankRichmond, VA | 2 | — | 5.9% | |
| 8 | Northeast BankLewiston, ME | 2 | — | 5.9% | |
| 9 | Bank of Oak RidgeOak Ridge, NC | 1 | — | 2.9% | |
| 10 | Rappahannock Economic Development CorporationFredericksburg, VA · CDC | 1 | — | 2.9% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.9% | |
| 12 | Citizens BankElizabethton, TN | 1 | — | 2.9% | |
| 13 | Customers BankMalvern, PA | 1 | — | 2.9% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.9% | |
| 15 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Gasoline StationsNAICS 4571 | 3 | 8.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 8.8% | |
| 3 | Residential Building ConstructionNAICS 2361 | 3 | 8.8% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 2 | 5.9% | |
| 5 | Waste CollectionNAICS 5621 | 2 | 5.9% | |
| 6 | Computer and Peripheral Equipment ManufacturingNAICS 3341 | 2 | 5.9% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 2 | 5.9% | |
| 8 | General Freight TruckingNAICS 4841 | 2 | 5.9% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.9% | |
| 10 | Health and Personal Care RetailersNAICS 4561 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 7 | 20.6% | |
| 2 | Manufacturing | 5 | 14.7% | |
| 3 | Construction | 5 | 14.7% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 4 | 11.8% | |
| 5 | Other Services (except Public Administration) | 4 | 11.8% | |
| 6 | Accommodation and Food Services | 3 | 8.8% | |
| 7 | Transportation and Warehousing | 2 | 5.9% | |
| 8 | Wholesale Trade | 2 | 5.9% |
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* | 5 | $2.5M | $100K | 1 | — | 6 | 82 |
| FY2025 | 9 | $3.5M | $350K | 2 | — | 11 | 93 |
| FY2024 | 4 | $1.5M | $267K | 0 | — | 4 | 11 |
| FY2023 | 1 | — | — | 1 | — | 2 | 55 |
| FY2022 | 7 | $2.7M | $250K | 0 | — | 7 | 92 |
| FY2021 | 8 | $4.1M | $313K | 2 | — | 10 | 71 |
| FY2020 | 4 | $2.1M | $408K | 0 | — | 4 | 52 |
| FY2019 | 5 | $2.6M | $195K | 1 | — | 6 | 33 |
| FY2018 | 4 | $2.3M | $65K | 1 | — | 5 | 20 |
| FY2017 | 2 | — | — | 1 | — | 3 | 25 |
| FY2016 | 6 | $2.4M | $250K | 1 | — | 7 | 74 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 25 approvals.
Against Virginia and the country
| FY2021–FY2025 | Rockingham County | Virginia | United States |
|---|---|---|---|
| Approvals | 34 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 20.6 | 27.9 | 41.0 |
| Median 7(a) approval | $250K | $212K | $190K |
| Median 504 approval | $587K | $484K | $657K |
| Average approval | $575K | $573K | $573K |
| 504 share of approvals | 14.7% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 12.3 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less5.9%2
- $50,001 to $150,00020.6%7
- $150,001 to $350,00032.4%11
- $350,001 to $1 million32.4%11
- $1 million to $2 million5.9%2
- Over $2 million2.9%1
Age of the businesses
- Existing, more than 2 years old55.9%19
- New business, 2 years or less14.7%5
- Startup, loan funds will open the business11.8%4
- Change of ownership17.6%6
Questions and answers
Which lenders make the most SBA loans in Rockingham County?
By approvals in FY2021 to FY2025: Business Finance Group, Inc. (4), The First Bank and Trust Company (4), Pendleton Community Bank Inc (4), The Huntington National Bank (3), Farmers & Merchants Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Rockingham County?
The median 7(a) approval was $250K and the median 504 approval $587K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Rockingham County?
Gasoline Stations (3); Restaurants and Other Eating Places (3); Residential Building Construction (3); Services to Buildings and Dwellings (2); Waste Collection (2).
Is SBA lending in Rockingham County rising?
Approvals in the three latest complete fiscal years total 17, against 21 in the three before: falling (-19%).
How does Rockingham County compare with the rest of Virginia?
20.6 approvals per 1,000 establishments against 27.9 statewide, and 34 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