FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Virginia, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,623 loans in Virginia: 1,497 under 7(a) and 126 under 504, worth $871M.
That is up 24% on FY2024, when there were 1,310 approvals worth $639M.
Virginia accounted for 1.9% of the 84,840 approvals nationwide that year. 131 lenders had at least one approval in the state; Northeast Bank had the most, 188.
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 FY2025, of 131 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Fairfax County | 296 | $125M | 18.2% | 228 | +68 |
| 2 | Loudoun County | 143 | $72.6M | 8.8% | 119 | +24 |
| 3 | Virginia Beach city | 86 | $50.9M | 5.3% | 72 | +14 |
| 4 | Henrico County | 75 | $32.8M | 4.6% | 65 | +10 |
| 5 | Prince William County | 74 | $38.3M | 4.6% | 87 | -13 |
| 6 | Chesterfield County | 65 | $47.2M | 4.0% | 57 | +8 |
| 7 | Chesapeake city | 49 | $23.0M | 3.0% | 48 | +1 |
| 8 | Alexandria city | 49 | $16.5M | 3.0% | 46 | +3 |
| 9 | Arlington County | 48 | $22.7M | 3.0% | 40 | +8 |
| 10 | Richmond city | 40 | $15.8M | 2.5% | 47 | -7 |
| 11 | Spotsylvania County | 40 | $22.9M | 2.5% | 29 | +11 |
| 12 | Stafford County | 37 | $26.7M | 2.3% | 22 | +15 |
| 13 | Albemarle County | 29 | $8.8M | 1.8% | 12 | +17 |
| 14 | Fairfax city | 28 | $8.1M | 1.7% | 21 | +7 |
| 15 | Hanover County | 28 | $12.0M | 1.7% | 20 | +8 |
| 16 | Newport News city | 26 | $14.2M | 1.6% | 24 | +2 |
| 17 | Manassas city | 24 | $6.3M | 1.5% | 18 | +6 |
| 18 | James City County | 24 | $15.5M | 1.5% | 10 | +14 |
| 19 | Norfolk city | 23 | $14.6M | 1.4% | 38 | -15 |
| 20 | York County | 17 | $7.2M | 1.0% | 6 | +11 |
| 21 | Falls Church city | 17 | $6.8M | 1.0% | 9 | +8 |
| 22 | Winchester city | 16 | $8.7M | 1.0% | 3 | +13 |
| 23 | Fredericksburg city | 16 | $9.7M | 1.0% | 12 | +4 |
| 24 | Montgomery County | 16 | $12.6M | 1.0% | 13 | +3 |
| 25 | Roanoke city | 15 | $7.3M | 0.9% | 11 | +4 |
| 26 | Frederick County | 15 | $9.7M | 0.9% | 16 | -1 |
| 27 | Portsmouth city | 15 | $6.7M | 0.9% | 10 | +5 |
| 28 | Hampton city | 14 | $14.9M | 0.9% | 8 | +6 |
| 29 | Lynchburg city | 13 | $13.3M | 0.8% | 9 | +4 |
| 30 | Suffolk city | 12 | $15.4M | 0.7% | 9 | +3 |
| 31 | Rockingham County | 11 | $4.9M | 0.7% | 4 | +7 |
| 32 | Bedford County | 10 | $5.5M | 0.6% | 5 | +5 |
| 33 | Salem city | 10 | $7.4M | 0.6% | 6 | +4 |
| 34 | Isle of Wight County | 10 | $3.0M | 0.6% | 7 | +3 |
| 35 | Caroline County | 9 | $5.5M | 0.6% | 5 | +4 |
| 36 | Washington County | 9 | $3.7M | 0.6% | 4 | +5 |
| 37 | Harrisonburg city | 8 | $6.9M | 0.5% | 3 | +5 |
| 38 | Fauquier County | 8 | $2.1M | 0.5% | 9 | -1 |
| 39 | Powhatan County | 7 | $6.2M | 0.4% | 2 | +5 |
| 40 | Shenandoah County | 7 | $5.4M | 0.4% | 5 | +2 |
The 40 counties with the most approvals; every county is on the Virginia page.
FY2025 against FY2024
| Virginia | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 1,497 | 1,204 |
| 7(a) dollars | $757M | $555M |
| Median 7(a) approval | $216K | $178K |
| 504 approvals | 126 | 106 |
| 504 dollars | $114M | $83.9M |
| Jobs supported, as reported | 17,710 | 16,935 |
Questions and answers
Which lenders made the most SBA loans in Virginia in FY2025?
Northeast Bank (188), Manufacturers and Traders Trust Company (146), Newtek Bank, National Association (125), The Huntington National Bank (102), Readycap Lending, LLC (83). 131 lenders had at least one approval.
How many SBA loans were approved in Virginia in FY2025?
1,623: 1,497 under 7(a) worth $757M and 126 under 504 worth $114M.
Which Virginia counties had the most SBA approvals in FY2025?
Fairfax County (296), Loudoun County (143), Virginia Beach city (86), Henrico County (75), Prince William County (74).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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