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County4th of 130 in Virginia by approvalsFIPS 51810
SBA loans in Virginia Beach 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 326 loans to businesses in Virginia Beach city, Virginia, in FY2021 to FY2025, worth $201M: 269 under 7(a) and 57 under 504.
That is 27.6 approvals per 1,000 business establishments (11,822 establishments in 2023), close to the Virginia figure of 27.9 and below the national 41.0.
It ranks 4th of 130 Virginia counties with approvals. In FY2025 there were 86, up 19% on FY2024.
63 lenders had approvals here; the most active were 504 Capital Corporation (38), The Huntington National Bank (34) and Business Finance Group, Inc. (19). 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 Virginia Beach city
By number of approvals to businesses in the county, FY2021–FY2025; 63 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 504 Capital CorporationChesapeake, VA · CDC | 38 | $22.1M | 11.7% | |
| 2 | The Huntington National BankColumbus, OH | 34 | $14.9M | 10.4% | |
| 3 | Business Finance Group, Inc.Fairfax, VA · CDC | 19 | $17.0M | 5.8% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 17 | $3.8M | 5.2% | |
| 5 | Northeast BankLewiston, ME | 17 | $2.2M | 5.2% | |
| 6 | Fulton Bank, National AssociationLancaster, PA | 14 | $6.5M | 4.3% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 14 | $5.7M | 4.3% | |
| 8 | Atlantic Union BankRichmond, VA | 12 | $4.5M | 3.7% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 12 | $1.9M | 3.7% | |
| 10 | Capital Bank, National AssociationRockville, MD | 10 | $10.2M | 3.1% | |
| 11 | Newtek Small Business Finance, Inc.Lake Success, NY | 10 | $1.2M | 3.1% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 10 | $443K | 3.1% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 9 | $5.3M | 2.8% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 8 | $13.7M | 2.5% | |
| 15 | Citizens BankElizabethton, TN | 7 | $2.5M | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 32 | 9.8% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 26 | 8.0% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 18 | 5.5% | |
| 4 | Other Personal ServicesNAICS 8129 | 14 | 4.3% | |
| 5 | Personal Care ServicesNAICS 8121 | 11 | 3.4% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 10 | 3.1% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 10 | 3.1% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 2.8% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 9 | 2.8% | |
| 10 | Other Schools and InstructionNAICS 6116 | 8 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 49 | 15.0% | |
| 2 | Other Services (except Public Administration) | 38 | 11.7% | |
| 3 | Retail Trade | 36 | 11.0% | |
| 4 | Accommodation and Food Services | 34 | 10.4% | |
| 5 | Professional, Scientific, and Technical Services | 34 | 10.4% | |
| 6 | Construction | 32 | 9.8% | |
| 7 | Arts, Entertainment, and Recreation | 29 | 8.9% | |
| 8 | Manufacturing | 15 | 4.6% |
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* | 43 | $28.9M | $200K | 6 | $2.8M | 49 | 590 |
| FY2025 | 79 | $46.0M | $250K | 7 | $4.9M | 86 | 892 |
| FY2024 | 66 | $33.5M | $150K | 6 | $6.4M | 72 | 1,097 |
| FY2023 | 48 | $32.0M | $278K | 8 | $6.2M | 56 | 911 |
| FY2022 | 45 | $28.9M | $350K | 13 | $8.3M | 58 | 1,065 |
| FY2021 | 31 | $21.3M | $231K | 23 | $13.4M | 54 | 523 |
| FY2020 | 28 | $9.8M | $177K | 15 | $9.9M | 43 | 459 |
| FY2019 | 34 | $13.7M | $199K | 10 | $7.6M | 44 | 446 |
| FY2018 | 63 | $29.1M | $167K | 8 | $4.6M | 71 | 979 |
| FY2017 | 49 | $29.4M | $250K | 13 | $11.3M | 62 | 716 |
| FY2016 | 36 | $5.4M | $85K | 8 | $3.9M | 44 | 276 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 264 approvals.
Against Virginia and the country
| FY2021–FY2025 | Virginia Beach city | Virginia | United States |
|---|---|---|---|
| Approvals | 326 | 5,893 | 342,825 |
| Approvals per 1,000 establishments | 27.6 | 27.9 | 41.0 |
| Median 7(a) approval | $234K | $212K | $190K |
| Median 504 approval | $482K | $484K | $657K |
| Average approval | $616K | $573K | $573K |
| 504 share of approvals | 17.5% | 11.6% | 11.0% |
| Jobs supported per approval, as reported | 13.8 | 12.3 | 10.5 |
| Share of state approvals | 5.5% | 100.0% | — |
Approval sizes
- $50,000 or less14.7%48
- $50,001 to $150,00023.6%77
- $150,001 to $350,00021.2%69
- $350,001 to $1 million22.4%73
- $1 million to $2 million10.7%35
- Over $2 million7.4%24
Age of the businesses
- Existing, more than 2 years old57.4%187
- New business, 2 years or less9.5%31
- Startup, loan funds will open the business23.9%78
- Change of ownership9.2%30
Questions and answers
Which lenders make the most SBA loans in Virginia Beach city?
By approvals in FY2021 to FY2025: 504 Capital Corporation (38), The Huntington National Bank (34), Business Finance Group, Inc. (19), Readycap Lending, LLC (17), Northeast Bank (17). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Virginia Beach city?
The median 7(a) approval was $234K and the median 504 approval $482K; the Virginia 7(a) median was $212K.
Which industries get the most SBA loans in Virginia Beach city?
Restaurants and Other Eating Places (32); Other Amusement and Recreation Industries (26); Offices of Other Health Practitioners (18); Other Personal Services (14); Personal Care Services (11).
Is SBA lending in Virginia Beach city rising?
Approvals in the three latest complete fiscal years total 214, against 155 in the three before: rising (+38%).
How does Virginia Beach city compare with the rest of Virginia?
27.6 approvals per 1,000 establishments against 27.9 statewide, and 326 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