FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Virginia, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 1,128 loans in Virginia: 1,007 under 7(a) and 121 under 504, worth $562M.
That is about level with FY2016, when there were 1,069 approvals worth $421M.
Virginia accounted for 1.6% of the 68,648 approvals nationwide that year. 102 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 137.
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 Virginia businesses in FY2017, of 102 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 137 | $31.7M | 12.1% | 262 | -125 |
| 2 | Manufacturers and Traders Trust Company | 7(a) | 106 | $23.8M | 9.4% | 108 | -2 |
| 3 | Truist Bank | 7(a) | 74 | $29.7M | 6.6% | 64 | +10 |
| 4 | Atlantic Union Bank | 7(a) | 65 | $13.0M | 5.8% | 45 | +20 |
| 5 | Primis Bank | 7(a) | 63 | $18.2M | 5.6% | 42 | +21 |
| 6 | Business Finance Group, Inc. | 504 | 61 | $41.3M | 5.4% | 50 | +11 |
| 7 | TD Bank, National Association | 7(a) | 55 | $4.2M | 4.9% | 20 | +35 |
| 8 | 504 Capital Corporation | 504 | 44 | $27.6M | 3.9% | 32 | +12 |
| 9 | Live Oak Banking Company | 7(a) | 42 | $78.3M | 3.7% | 38 | +4 |
| 10 | Celtic Bank Corporation | 7(a) | 32 | $4.0M | 2.8% | 36 | -4 |
| 11 | Stearns Bank National Association | 7(a) | 30 | $5.9M | 2.7% | 19 | +11 |
| 12 | BayFirst National Bank | 7(a) | 22 | $5.5M | 2.0% | 21 | +1 |
| 13 | Locus Bank Inc | 7(a) | 20 | $6.7M | 1.8% | 7 | +13 |
| 14 | EagleBank | 7(a) | 19 | $6.3M | 1.7% | 18 | +1 |
| 15 | Independence Bank | 7(a) | 17 | $1.4M | 1.5% | 1 | +16 |
| 16 | Newtek Small Business Finance, Inc. | 7(a) | 15 | $23.9M | 1.3% | 9 | +6 |
| 17 | The First Bank and Trust Company | 7(a) | 14 | $12.8M | 1.2% | 7 | +7 |
| 18 | TowneBank | 7(a) | 13 | $5.2M | 1.2% | 9 | +4 |
| 19 | PNC Bank, National Association | 7(a) | 13 | $3.8M | 1.2% | 12 | +1 |
| 20 | Hanmi Bank | 7(a) | 12 | $13.6M | 1.1% | 5 | +7 |
| 21 | First-Citizens Bank & Trust Company | 7(a) | 12 | $9.8M | 1.1% | 3 | +9 |
| 22 | Rappahannock Economic Development Corporation | 504 | 12 | $6.2M | 1.1% | 11 | +1 |
| 23 | Business Finance Group, Inc. | 7(a) | 12 | $1.6M | 1.1% | 3 | +9 |
| 24 | First National Bank of Pennsylvania | 7(a) | 11 | $3.8M | 1.0% | 20 | -9 |
| 25 | Northeast Bank | 7(a) | 11 | $3.7M | 1.0% | 8 | +3 |
| 26 | Fulton Bank, National Association | 7(a) | 10 | $10.6M | 0.9% | 14 | -4 |
| 27 | Virginia National Bank | 7(a) | 10 | $1.7M | 0.9% | 9 | +1 |
| 28 | First Financial Bank | 7(a) | 9 | $22.1M | 0.8% | 11 | -2 |
| 29 | Capital One National Association | 7(a) | 9 | $5.1M | 0.8% | 18 | -9 |
| 30 | Capital Bank, National Association | 7(a) | 8 | $3.8M | 0.7% | 8 | 0 |
| 31 | United Midwest Savings Bank National Association | 7(a) | 7 | $1.4M | 0.6% | 0 | new |
| 32 | The Huntington National Bank | 7(a) | 6 | $8.0M | 0.5% | 4 | +2 |
| 33 | University of Virginia Community Credit Union Inc | 7(a) | 6 | $212K | 0.5% | 11 | -5 |
| 34 | GBank | 7(a) | 5 | $5.8M | 0.4% | 1 | +4 |
| 35 | The Bancorp Bank National Association | 7(a) | 5 | $5.8M | 0.4% | 5 | 0 |
| 36 | BayPort Federal Credit Union | 7(a) | 5 | $721K | 0.4% | 9 | -4 |
| 37 | BankUnited, National Association | 7(a) | 4 | $10.6M | 0.4% | 6 | -2 |
| 38 | Bank Five Nine | 7(a) | 4 | $8.3M | 0.4% | 5 | -1 |
| 39 | Paragon Bank | 7(a) | 4 | $3.4M | 0.4% | 1 | +3 |
| 40 | PCB Bank | 7(a) | 4 | $2.2M | 0.4% | 7 | -3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Fairfax County | 201 | $88.3M | 17.8% | 183 | +18 |
| 2 | Loudoun County | 111 | $42.6M | 9.8% | 108 | +3 |
| 3 | Prince William County | 78 | $40.2M | 6.9% | 73 | +5 |
| 4 | Virginia Beach city | 62 | $40.8M | 5.5% | 44 | +18 |
| 5 | Chesterfield County | 58 | $16.6M | 5.1% | 47 | +11 |
| 6 | Henrico County | 53 | $18.6M | 4.7% | 57 | -4 |
| 7 | Richmond city | 35 | $8.3M | 3.1% | 35 | 0 |
| 8 | Chesapeake city | 32 | $9.6M | 2.8% | 29 | +3 |
| 9 | Alexandria city | 28 | $15.3M | 2.5% | 32 | -4 |
| 10 | Arlington County | 27 | $20.5M | 2.4% | 30 | -3 |
| 11 | Stafford County | 27 | $11.8M | 2.4% | 17 | +10 |
| 12 | Hanover County | 23 | $4.8M | 2.0% | 31 | -8 |
| 13 | Norfolk city | 21 | $10.0M | 1.9% | 18 | +3 |
| 14 | Manassas city | 20 | $9.8M | 1.8% | 18 | +2 |
| 15 | Accomack County | 19 | $55.4M | 1.7% | 18 | +1 |
| 16 | Newport News city | 18 | $4.9M | 1.6% | 16 | +2 |
| 17 | Lynchburg city | 13 | $4.4M | 1.2% | 9 | +4 |
| 18 | Charlottesville city | 12 | $4.8M | 1.1% | 15 | -3 |
| 19 | Spotsylvania County | 12 | $3.6M | 1.1% | 5 | +7 |
| 20 | Roanoke County | 12 | $5.4M | 1.1% | 5 | +7 |
| 21 | Albemarle County | 11 | $4.0M | 1.0% | 17 | -6 |
| 22 | James City County | 10 | $4.5M | 0.9% | 6 | +4 |
| 23 | Fredericksburg city | 10 | $5.9M | 0.9% | 15 | -5 |
| 24 | Montgomery County | 10 | $7.3M | 0.9% | 7 | +3 |
| 25 | Winchester city | 9 | $6.1M | 0.8% | 3 | +6 |
| 26 | Suffolk city | 9 | $3.4M | 0.8% | 1 | +8 |
| 27 | Roanoke city | 8 | $1.8M | 0.7% | 14 | -6 |
| 28 | York County | 7 | $1.2M | 0.6% | 8 | -1 |
| 29 | Frederick County | 7 | $2.9M | 0.6% | 10 | -3 |
| 30 | Portsmouth city | 7 | $6.0M | 0.6% | 4 | +3 |
| 31 | Hampton city | 7 | $3.9M | 0.6% | 7 | 0 |
| 32 | Augusta County | 6 | $2.5M | 0.5% | 6 | 0 |
| 33 | Falls Church city | 6 | $2.2M | 0.5% | 6 | 0 |
| 34 | Harrisonburg city | 5 | $468K | 0.4% | 5 | 0 |
| 35 | Shenandoah County | 5 | $4.2M | 0.4% | 5 | 0 |
| 36 | Fauquier County | 5 | $689K | 0.4% | 12 | -7 |
| 37 | Powhatan County | 4 | $1.5M | 0.4% | 2 | +2 |
| 38 | Prince George County | 4 | $3.4M | 0.4% | 1 | +3 |
| 39 | New Kent County | 4 | $2.7M | 0.4% | 2 | +2 |
| 40 | Nottoway County | 4 | $1.9M | 0.4% | 2 | +2 |
The 40 counties with the most approvals; every county is on the Virginia page.
FY2017 against FY2016
| Virginia | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 1,007 | 975 |
| 7(a) dollars | $480M | $357M |
| Median 7(a) approval | $150K | $120K |
| 504 approvals | 121 | 94 |
| 504 dollars | $81.5M | $64.1M |
| Jobs supported, as reported | 11,957 | 10,059 |
Questions and answers
Which lenders made the most SBA loans in Virginia in FY2017?
Wells Fargo Bank National Association (137), Manufacturers and Traders Trust Company (106), Truist Bank (74), Atlantic Union Bank (65), Primis Bank (63). 102 lenders had at least one approval.
How many SBA loans were approved in Virginia in FY2017?
1,128: 1,007 under 7(a) worth $480M and 121 under 504 worth $81.5M.
Which Virginia counties had the most SBA approvals in FY2017?
Fairfax County (201), Loudoun County (111), Prince William County (78), Virginia Beach city (62), Chesterfield County (58).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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