SBA Ledger

States › District of Columbia › FY2023

FY20231 Oct 2022 – 30 Sep 2023

SBA loans in District of Columbia, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 128 loans in District of Columbia: 124 under 7(a) and 4 under 504, worth $58.9M.

That is up 19% on FY2022, when there were 108 approvals worth $63.8M.

District of Columbia accounted for 0.2% of the 63,286 approvals nationwide that year. 42 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 32.

128approvalsFY2022: 108
$58.9Mdollars approvedFY2022: $63.8M
$100Kmedian 7(a) approvalFY2022: $250K
42lenders with an approval
2,251jobs supported, as reported

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 40 lenders with the most approvals to District of Columbia businesses in FY2023, of 42 active.

#LenderProgramApprovalsDollarsShare of stateFY2022Change
1Manufacturers and Traders Trust Company7(a)32$8.3M25.0%23+9
2TD Bank, National Association7(a)19$3.0M14.8%5+14
3PNC Bank, National Association7(a)7$280K5.5%6+1
4Bank of America, National Association7(a)5$775K3.9%3+2
5Hanmi Bank7(a)4$2.5M3.1%5-1
6The Huntington National Bank7(a)4$1.5M3.1%5-1
7Industrial Bank7(a)3$3.6M2.3%1+2
8Beacon Bank and Trust7(a)3$3.4M2.3%2+1
9EagleBank7(a)3$1.2M2.3%0new
10Newtek Small Business Finance, Inc.7(a)3$1.1M2.3%5-2
11Wells Fargo Bank National Association7(a)3$45K2.3%30
12Newtek Bank, National Association7(a)2—1.6%0new
13Old National Bank7(a)2—1.6%0new
14Cambridge Savings Bank7(a)2—1.6%0new
15Bank of Clarke7(a)2—1.6%0new
16Chesapeake Business Finance Corporation5042—1.6%1+1
17Fulton Bank, National Association7(a)2—1.6%3-1
18Readycap Lending, LLC7(a)2—1.6%4-2
19Five Star Bank7(a)2—1.6%1+1
20Capital One National Association7(a)2—1.6%0new
21CDC Small Business Finance Corp.7(a)2—1.6%1+1
22Northeast Bank7(a)2—1.6%0new
23Truist Bank7(a)1—0.8%0new
24First Financial Bank7(a)1—0.8%0new
25Business Finance Group, Inc.5041—0.8%6-5
26PCB Bank7(a)1—0.8%0new
27Rappahannock Economic Development Corporation5041—0.8%4-3
28Colony Bank7(a)1—0.8%2-1
29The National Capital Bank of Washington7(a)1—0.8%0new
30First National Bank of Pennsylvania7(a)1—0.8%0new
31Live Oak Banking Company7(a)1—0.8%2-1
32John Marshall Bank7(a)1—0.8%10
33Stearns Bank National Association7(a)1—0.8%0new
34Patriot Bank, National Association7(a)1—0.8%0new
35Accompany Capital7(a)1—0.8%0new
36SouthState Bank, National Association7(a)1—0.8%0new
37MainStreet Bank7(a)1—0.8%0new
38Celtic Bank Corporation7(a)1—0.8%3-2
39U.S. Bank, National Association7(a)1—0.8%0new
40Bank of Hope7(a)1—0.8%0new

Approvals by county

#CountyApprovalsDollarsShare of stateFY2022Change
1District of Columbia128$58.9M100.0%108+20

FY2023 against FY2022

District of ColumbiaFY2023FY2022
7(a) approvals12495
7(a) dollars$53.8M$47.4M
Median 7(a) approval$100K$250K
504 approvals413
504 dollars$5.2M$16.4M
Jobs supported, as reported2,2511,203

Questions and answers

Which lenders made the most SBA loans in District of Columbia in FY2023?

Manufacturers and Traders Trust Company (32), TD Bank, National Association (19), PNC Bank, National Association (7), Bank of America, National Association (5), Hanmi Bank (4). 42 lenders had at least one approval.

How many SBA loans were approved in District of Columbia in FY2023?

128: 124 under 7(a) worth $53.8M and 4 under 504 worth $5.2M.

Which District of Columbia counties had the most SBA approvals in FY2023?

District of Columbia (128).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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