Lenders › Atlantic Union Bank
7(a) lenderRichmond, VirginiaFDIC-insured bank224th of 2,184 by approvals
Atlantic Union Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Atlantic Union Bank, based in Richmond, Virginia, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 166 of its 7(a) loans worth $133M in FY2021 to FY2025, which places it 224th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 64 approvals totalling $45.7M, up 113% on FY2024 (30). FY2026 to 30 Jun 2026 adds 40 more.
The median approval was $492K, against $190K for the 7(a) program as a whole; 16.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 23 states and territories and 73 counties, led by Virginia (49.4%), Maryland (23.5%) and North Carolina (5.4%). The largest industry group was accommodation and food services at 14.5% of approvals, and 25.3% of approvals were to franchise businesses.
Of 797 disbursed loans approved in FY2010 to FY2021, SBA records 36 as charged off (4.5%), 719 as paid in full and 42 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 40 | $29.4M | $457K | $734K | 583 |
| FY2025 | 64 | $45.7M | $419K | $715K | 1,234 |
| FY2024 | 30 | $29.6M | $500K | $985K | 588 |
| FY2023 | 18 | $16.7M | $650K | $928K | 381 |
| FY2022 | 34 | $25.4M | $462K | $747K | 901 |
| FY2021 | 20 | $15.6M | $380K | $780K | 416 |
| FY2020 | 28 | $19.0M | $195K | $680K | 477 |
| FY2019 | 19 | $9.2M | $150K | $485K | 334 |
| FY2018 | 44 | $25.3M | $200K | $575K | 820 |
| FY2017 | 95 | $25.1M | $135K | $264K | 1,231 |
| FY2016 | 68 | $19.9M | $166K | $293K | 1,186 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 254 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Virginia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 906 | 9,784 | 639,905 |
| Cancelled or never disbursed | 109 | 1,259 | 79,313 |
| Disbursed loans | 797 | 8,525 | 560,592 |
| Paid in full | 719 | 6,432 | 435,813 |
| Charged off | 36 | 665 | 36,891 |
| Still outstanding (status exempt from disclosure) | 42 | 1,428 | 87,888 |
| Charged off, share of disbursed loans | 4.5% | 7.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.3% | 3.2% | 2.5% |
| Dollars charged off | $7.6M | $121M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 19 | 9 | 0 | — | 2.8% |
| FY2020 | 20 | 17 | 0 | — | 4.0% |
| FY2019 | 16 | 12 | 0 | — | 6.7% |
| FY2018 | 38 | 35 | 0 | 0.0% | 7.9% |
| FY2017 | 91 | 86 | 2 | 2.2% | 7.7% |
| FY2016 | 62 | 57 | 1 | 1.6% | 7.2% |
| FY2015 | 70 | 61 | 6 | 8.6% | 6.9% |
| FY2014 | 61 | 52 | 6 | 9.8% | 6.4% |
| FY2013 | 98 | 89 | 4 | 4.1% | 6.0% |
| FY2012 | 76 | 71 | 3 | 3.9% | 6.3% |
| FY2011 | 131 | 125 | 5 | 3.8% | 6.9% |
| FY2010 | 115 | 105 | 9 | 7.8% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $492K | $190K |
| Average approval | $801K | $518K |
| Approvals of $150,000 or less | 16.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 56.0% | 34.3% |
| Approvals to franchise businesses | 25.3% | 11.5% |
| Jobs supported per approval, as reported | 21.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.5% | 6.6% |
States served
| # | State of the business (23 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Virginia | 82 | $60.3M | 49.4% | |
| 2 | Maryland | 39 | $27.3M | 23.5% | |
| 3 | North Carolina | 9 | $10.7M | 5.4% | |
| 4 | Texas | 9 | $7.8M | 5.4% | |
| 5 | Colorado | 4 | $2.6M | 2.4% | |
| 6 | New York | 2 | — | 1.2% | |
| 7 | California | 2 | — | 1.2% | |
| 8 | Pennsylvania | 2 | — | 1.2% | |
| 9 | Kansas | 2 | — | 1.2% | |
| 10 | District of Columbia | 2 | — | 1.2% | |
| 11 | Georgia | 1 | — | 0.6% | |
| 12 | Washington | 1 | — | 0.6% |
In Virginia the lender accounts for 1.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (73 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Virginia Beach city, VA | 12 | $4.5M | 7.2% | |
| 2 | Prince George's County, MD | 10 | $5.5M | 6.0% | |
| 3 | Loudoun County, VA | 9 | $4.5M | 5.4% | |
| 4 | Montgomery County, MD | 9 | $2.8M | 5.4% | |
| 5 | Spotsylvania County, VA | 7 | $14.1M | 4.2% | |
| 6 | Chesapeake city, VA | 7 | $5.8M | 4.2% | |
| 7 | Anne Arundel County, MD | 7 | $5.2M | 4.2% | |
| 8 | Fairfax County, VA | 6 | $4.1M | 3.6% | |
| 9 | Fredericksburg city, VA | 6 | $1.2M | 3.6% | |
| 10 | Henrico County, VA | 4 | $5.7M | 2.4% | |
| 11 | Howard County, MD | 4 | $4.8M | 2.4% | |
| 12 | Frederick County, MD | 4 | $4.5M | 2.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 24 | 14.5% | |
| 2 | Health Care and Social Assistance | 23 | 13.9% | |
| 3 | Other Services (except Public Administration) | 22 | 13.3% | |
| 4 | Professional, Scientific, and Technical Services | 20 | 12.0% | |
| 5 | Arts, Entertainment, and Recreation | 19 | 11.4% | |
| 6 | Construction | 13 | 7.8% | |
| 7 | Manufacturing | 12 | 7.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 11 | 6.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 19 | 11.4% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 11.4% | |
| 3 | Child Day Care ServicesNAICS 6244 | 9 | 5.4% | |
| 4 | Personal Care ServicesNAICS 8121 | 9 | 5.4% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 8 | 4.8% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 7 | 4.2% | |
| 7 | Computer Systems Design and Related ServicesNAICS 5415 | 7 | 4.2% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 3.0% | |
| 9 | Other Personal ServicesNAICS 8129 | 5 | 3.0% | |
| 10 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 4 | 2.4% |
Approval sizes
- $50,000 or less3.6%6
- $50,001 to $150,00012.7%21
- $150,001 to $350,00021.7%36
- $350,001 to $1 million35.5%59
- $1 million to $2 million17.5%29
- Over $2 million9.0%15
Loan terms
- 5 years or less6.0%10
- Over 5 to 10 years64.5%107
- Over 10 to 20 years18.7%31
- Over 20 years10.8%18
Age of the businesses
- Existing, more than 2 years old41.6%69
- New business, 2 years or less10.2%17
- Startup, loan funds will open the business45.8%76
- Change of ownership2.4%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 112 | 67.5% | |
| 2 | SBA Express Program | 45 | 27.1% | |
| 3 | 7a General | 5 | 3.0% | |
| 4 | 7a with EWCP | 2 | 1.2% | |
| 5 | Working Capital CAPLine | 2 | 1.2% |
Franchise share
42 of 166 approvals in FY2021–FY2025 (25.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Celebree School | 3 | 1.8% | |
| 2 | Primrose Schools | 2 | 1.2% | |
| 3 | Beauty Bungalows | 2 | 1.2% | |
| 4 | Sandbox VR | 2 | 1.2% | |
| 5 | Rosati's Pizza | 2 | 1.2% | |
| 6 | X-Golf | 2 | 1.2% | |
| 7 | CycleBar | 2 | 1.2% | |
| 8 | Hotworx | 2 | 1.2% |
Questions and answers
How many SBA loans does Atlantic Union Bank make?
SBA approved 64 7(a) loans through Atlantic Union Bank in FY2025, worth $45.7M, and 166 over FY2021 to FY2025. That ranks 224th of 2,184 active 7(a) lenders by number of approvals.
How large are Atlantic Union Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $492K and the average $801K. The program-wide median was $190K.
What is Atlantic Union Bank's charge-off rate?
Of 797 disbursed loans approved in FY2010 to FY2021, SBA records 36 as charged off (4.5%), 719 as paid in full and 42 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Atlantic Union Bank lend to most?
By number of approvals in FY2021 to FY2025: other amusement and recreation industries (19); restaurants and other eating places (19); child day care services (9); personal care services (9).
Where does Atlantic Union Bank make SBA loans?
In 23 states and territories. Virginia 82, Maryland 39, North Carolina 9, Texas 9, Colorado 4. In Virginia it accounts for 1.6% of all 7(a) approvals.
Is Atlantic Union Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 112, against 82 in the three before: rising (+37%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error