States › District of Columbia › FY2016
FY20161 Oct 2015 – 30 Sep 2016
SBA loans in District of Columbia, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 113 loans in District of Columbia: 105 under 7(a) and 8 under 504, worth $37.8M.
That is about level with FY2015, when there were 116 approvals worth $58.4M.
District of Columbia accounted for 0.2% of the 70,012 approvals nationwide that year. 32 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 22.
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.
Approvals by lender
The 32 lenders with the most approvals to District of Columbia businesses in FY2016, of 32 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 22 | $3.0M | 19.5% | 13 | +9 |
| 2 | Wells Fargo Bank National Association | 7(a) | 11 | $890K | 9.7% | 15 | -4 |
| 3 | Capital One National Association | 7(a) | 8 | $3.0M | 7.1% | 9 | -1 |
| 4 | EagleBank | 7(a) | 8 | $2.1M | 7.1% | 18 | -10 |
| 5 | Business Finance Group, Inc. | 504 | 7 | $6.4M | 6.2% | 7 | 0 |
| 6 | Celtic Bank Corporation | 7(a) | 7 | $1.3M | 6.2% | 2 | +5 |
| 7 | Hanmi Bank | 7(a) | 6 | $3.9M | 5.3% | 8 | -2 |
| 8 | Truist Bank | 7(a) | 6 | $1.4M | 5.3% | 5 | +1 |
| 9 | Capital Bank, National Association | 7(a) | 4 | $830K | 3.5% | 2 | +2 |
| 10 | TD Bank, National Association | 7(a) | 4 | $115K | 3.5% | 4 | 0 |
| 11 | PNC Bank, National Association | 7(a) | 3 | $778K | 2.7% | 0 | new |
| 12 | Industrial Bank | 7(a) | 3 | $575K | 2.7% | 1 | +2 |
| 13 | Newtek Small Business Finance, Inc. | 7(a) | 2 | — | 1.8% | 1 | +1 |
| 14 | Atlantic Union Bank | 7(a) | 2 | — | 1.8% | 2 | 0 |
| 15 | United Bank | 7(a) | 2 | — | 1.8% | 1 | +1 |
| 16 | Fulton Bank, National Association | 7(a) | 2 | — | 1.8% | 1 | +1 |
| 17 | The Bancorp Bank National Association | 7(a) | 1 | — | 0.9% | 0 | new |
| 18 | United Midwest Savings Bank National Association | 7(a) | 1 | — | 0.9% | 0 | new |
| 19 | Chesapeake Business Finance Corporation | 504 | 1 | — | 0.9% | 3 | -2 |
| 20 | Beacon Bank and Trust | 7(a) | 1 | — | 0.9% | 0 | new |
| 21 | Firstrust Savings Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 22 | Live Oak Banking Company | 7(a) | 1 | — | 0.9% | 2 | -1 |
| 23 | Bank of America, National Association | 7(a) | 1 | — | 0.9% | 1 | 0 |
| 24 | Wilmington Savings Fund Society FSB | 7(a) | 1 | — | 0.9% | 0 | new |
| 25 | Hana Small Business Lending, Inc. | 7(a) | 1 | — | 0.9% | 0 | new |
| 26 | PCB Bank | 7(a) | 1 | — | 0.9% | 2 | -1 |
| 27 | Metro City Bank | 7(a) | 1 | — | 0.9% | 3 | -2 |
| 28 | Business Finance Group, Inc. | 7(a) | 1 | — | 0.9% | 0 | new |
| 29 | BayFirst National Bank | 7(a) | 1 | — | 0.9% | 0 | new |
| 30 | Bank of Hope | 7(a) | 1 | — | 0.9% | 2 | -1 |
| 31 | Citibank, N.A. | 7(a) | 1 | — | 0.9% | 5 | -4 |
| 32 | Independence Bank | 7(a) | 1 | — | 0.9% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | District of Columbia | 113 | $37.8M | 100.0% | 116 | -3 |
FY2016 against FY2015
| District of Columbia | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 105 | 106 |
| 7(a) dollars | $30.2M | $45.5M |
| Median 7(a) approval | $150K | $229K |
| 504 approvals | 8 | 10 |
| 504 dollars | $7.6M | $13.0M |
| Jobs supported, as reported | 1,299 | 1,546 |
Questions and answers
Which lenders made the most SBA loans in District of Columbia in FY2016?
Manufacturers and Traders Trust Company (22), Wells Fargo Bank National Association (11), Capital One National Association (8), EagleBank (8), Business Finance Group, Inc. (7). 32 lenders had at least one approval.
How many SBA loans were approved in District of Columbia in FY2016?
113: 105 under 7(a) worth $30.2M and 8 under 504 worth $7.6M.
Which District of Columbia counties had the most SBA approvals in FY2016?
District of Columbia (113).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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