SBA Ledger

States › District of Columbia › FY2024

FY20241 Oct 2023 – 30 Sep 2024

SBA loans in District of Columbia, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 156 loans in District of Columbia: 151 under 7(a) and 5 under 504, worth $77.9M.

That is up 22% on FY2023, when there were 128 approvals worth $58.9M.

District of Columbia accounted for 0.2% of the 76,235 approvals nationwide that year. 47 lenders had at least one approval in the state; TD Bank, National Association had the most, 22.

156approvalsFY2023: 128
$77.9Mdollars approvedFY2023: $58.9M
$200Kmedian 7(a) approvalFY2023: $100K
47lenders with an approval
1,437jobs 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 FY2024, of 47 active.

#LenderProgramApprovalsDollarsShare of stateFY2023Change
1TD Bank, National Association7(a)22$11.1M14.1%19+3
2Manufacturers and Traders Trust Company7(a)20$2.7M12.8%32-12
3Newtek Bank, National Association7(a)15$9.9M9.6%2+13
4Readycap Lending, LLC7(a)10$2.0M6.4%2+8
5The Huntington National Bank7(a)9$2.9M5.8%4+5
6Wells Fargo Bank National Association7(a)5$95K3.2%3+2
7Bank of America, National Association7(a)4$1.9M2.6%5-1
8Fulton Bank, National Association7(a)4$1.3M2.6%2+2
9SouthState Bank, National Association7(a)4$1.2M2.6%1+3
10Celtic Bank Corporation7(a)4$1.1M2.6%1+3
11CDC Small Business Finance Corp.7(a)4$515K2.6%2+2
12Hanmi Bank7(a)3$2.5M1.9%4-1
13First Bank of the Lake7(a)3$1.4M1.9%0new
14JPMorgan Chase Bank, National Association7(a)3$970K1.9%1+2
15Northeast Bank7(a)3$436K1.9%2+1
16Wilmington Savings Fund Society FSB7(a)2—1.3%0new
17Chesapeake Business Finance Corporation5042—1.3%20
18Citizens Bank7(a)2—1.3%0new
19Industrial Bank7(a)2—1.3%3-1
20Business Finance Group, Inc.5042—1.3%1+1
21PCB Bank7(a)2—1.3%1+1
22Lendistry SBLC, LLC7(a)2—1.3%0new
23John Marshall Bank7(a)2—1.3%1+1
24United Midwest Savings Bank National Association7(a)2—1.3%0new
25Colony Bank7(a)2—1.3%1+1
26BayFirst National Bank7(a)2—1.3%0new
27Firstrust Savings Bank7(a)1—0.6%0new
28Capital One National Association7(a)1—0.6%2-1
29First Internet Bank of Indiana7(a)1—0.6%0new
30Rappahannock Economic Development Corporation5041—0.6%10
31U.S. Bank, National Association7(a)1—0.6%10
32Village Bank and Trust, National Association7(a)1—0.6%0new
33First Merchants Bank7(a)1—0.6%0new
34Beacon Bank and Trust7(a)1—0.6%3-2
35Centerstone SBA Lending, Inc.7(a)1—0.6%0new
36Bank of Hope7(a)1—0.6%10
37The Freedom Bank of Virginia7(a)1—0.6%0new
38Stearns Bank National Association7(a)1—0.6%10
39PromiseOne Bank7(a)1—0.6%0new
40CRF Small Business Loan Company, LLC7(a)1—0.6%0new

Approvals by county

#CountyApprovalsDollarsShare of stateFY2023Change
1District of Columbia156$77.9M100.0%128+28

FY2024 against FY2023

District of ColumbiaFY2024FY2023
7(a) approvals151124
7(a) dollars$71.2M$53.8M
Median 7(a) approval$200K$100K
504 approvals54
504 dollars$6.7M$5.2M
Jobs supported, as reported1,4372,251

Questions and answers

Which lenders made the most SBA loans in District of Columbia in FY2024?

TD Bank, National Association (22), Manufacturers and Traders Trust Company (20), Newtek Bank, National Association (15), Readycap Lending, LLC (10), The Huntington National Bank (9). 47 lenders had at least one approval.

How many SBA loans were approved in District of Columbia in FY2024?

156: 151 under 7(a) worth $71.2M and 5 under 504 worth $6.7M.

Which District of Columbia counties had the most SBA approvals in FY2024?

District of Columbia (156).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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