FY2026 to date1 Oct 2025 – 30 Jun 2026
SBA loans in Virginia, FY2026
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.
So far in FY2026 (1 October 2025 to 30 Jun 2026) SBA approved 884 loans in Virginia: 813 under 7(a) and 71 under 504, worth $472M.
The fiscal year is still open, so these counts will grow with each quarterly release.
Virginia accounted for 2.0% of the 45,283 approvals nationwide that year. 122 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 139.
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 FY2026, of 122 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 139 | $16.2M | 15.7% | 146 | — |
| 2 | Newtek Bank, National Association | 7(a) | 93 | $27.3M | 10.5% | 125 | — |
| 3 | Northeast Bank | 7(a) | 63 | $11.8M | 7.1% | 188 | — |
| 4 | Live Oak Banking Company | 7(a) | 35 | $22.9M | 4.0% | 54 | — |
| 5 | The Huntington National Bank | 7(a) | 33 | $18.8M | 3.7% | 102 | — |
| 6 | Business Finance Group, Inc. | 504 | 32 | $29.2M | 3.6% | 66 | — |
| 7 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 28 | $4.7M | 3.2% | 11 | — |
| 8 | 504 Capital Corporation | 504 | 24 | $30.2M | 2.7% | 35 | — |
| 9 | Readycap Lending, LLC | 7(a) | 22 | $2.8M | 2.5% | 83 | — |
| 10 | TD Bank, National Association | 7(a) | 18 | $2.6M | 2.0% | 49 | — |
| 11 | Atlantic Union Bank | 7(a) | 17 | $6.8M | 1.9% | 29 | — |
| 12 | Celtic Bank Corporation | 7(a) | 15 | $4.1M | 1.7% | 26 | — |
| 13 | Rappahannock Economic Development Corporation | 504 | 13 | $11.2M | 1.5% | 25 | — |
| 14 | Lendistry SBLC, LLC | 7(a) | 13 | $2.3M | 1.5% | 26 | — |
| 15 | United Midwest Savings Bank National Association | 7(a) | 13 | $2.3M | 1.5% | 26 | — |
| 16 | First Community Bank | 7(a) | 11 | $4.5M | 1.2% | 43 | — |
| 17 | Wells Fargo Bank National Association | 7(a) | 10 | $6.4M | 1.1% | 50 | — |
| 18 | First Bank of the Lake | 7(a) | 9 | $10.4M | 1.0% | 17 | — |
| 19 | First-Citizens Bank & Trust Company | 7(a) | 9 | $5.9M | 1.0% | 11 | — |
| 20 | John Marshall Bank | 7(a) | 9 | $1.6M | 1.0% | 12 | — |
| 21 | US Metro Bank | 7(a) | 8 | $13.0M | 0.9% | 1 | — |
| 22 | Fulton Bank, National Association | 7(a) | 8 | $5.1M | 0.9% | 14 | — |
| 23 | TowneBank | 7(a) | 8 | $4.1M | 0.9% | 8 | — |
| 24 | Potomac Bank | 7(a) | 8 | $2.5M | 0.9% | 11 | — |
| 25 | SouthState Bank, National Association | 7(a) | 7 | $6.3M | 0.8% | 9 | — |
| 26 | Freedom First Federal Credit Union | 7(a) | 7 | $1.3M | 0.8% | 6 | — |
| 27 | Capital Bank, National Association | 7(a) | 6 | $6.5M | 0.7% | 9 | — |
| 28 | Citizens Bank | 7(a) | 6 | $4.1M | 0.7% | 9 | — |
| 29 | Capital One National Association | 7(a) | 6 | $3.7M | 0.7% | 9 | — |
| 30 | Grasshopper Bank National Association | 7(a) | 6 | $2.0M | 0.7% | 7 | — |
| 31 | Select Bank | 7(a) | 6 | $1.8M | 0.7% | 10 | — |
| 32 | JPMorgan Chase Bank, National Association | 7(a) | 6 | $1.1M | 0.7% | 10 | — |
| 33 | Pendleton Community Bank Inc | 7(a) | 6 | $856K | 0.7% | 5 | — |
| 34 | Pinnacle Bank | 7(a) | 5 | $8.1M | 0.6% | 9 | — |
| 35 | Harvest Small Business Finance, LLC | 7(a) | 5 | $3.7M | 0.6% | 9 | — |
| 36 | Wilmington Savings Fund Society FSB | 7(a) | 5 | $3.3M | 0.6% | 6 | — |
| 37 | The Freedom Bank of Virginia | 7(a) | 5 | $2.0M | 0.6% | 1 | — |
| 38 | Accion Opportunity Fund Community Development | 7(a) | 5 | $1.2M | 0.6% | 1 | — |
| 39 | Bank of Clarke | 7(a) | 5 | $1.1M | 0.6% | 24 | — |
| 40 | Colony Bank | 7(a) | 5 | $800K | 0.6% | 5 | — |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|
| 1 | Fairfax County | 168 | $89.4M | 19.0% | 296 | — |
| 2 | Loudoun County | 69 | $33.2M | 7.8% | 143 | — |
| 3 | Prince William County | 58 | $26.1M | 6.6% | 74 | — |
| 4 | Henrico County | 57 | $28.5M | 6.4% | 75 | — |
| 5 | Virginia Beach city | 49 | $31.7M | 5.5% | 86 | — |
| 6 | Chesterfield County | 34 | $16.7M | 3.8% | 65 | — |
| 7 | Richmond city | 33 | $9.5M | 3.7% | 40 | — |
| 8 | Chesapeake city | 25 | $14.9M | 2.8% | 49 | — |
| 9 | Alexandria city | 22 | $15.4M | 2.5% | 49 | — |
| 10 | Hanover County | 21 | $10.1M | 2.4% | 28 | — |
| 11 | Arlington County | 20 | $9.3M | 2.3% | 48 | — |
| 12 | Spotsylvania County | 20 | $9.0M | 2.3% | 40 | — |
| 13 | Stafford County | 16 | $8.3M | 1.8% | 37 | — |
| 14 | Newport News city | 15 | $9.1M | 1.7% | 26 | — |
| 15 | Norfolk city | 14 | $4.5M | 1.6% | 23 | — |
| 16 | Fairfax city | 14 | $9.7M | 1.6% | 28 | — |
| 17 | Albemarle County | 13 | $7.7M | 1.5% | 29 | — |
| 18 | Harrisonburg city | 11 | $7.5M | 1.2% | 8 | — |
| 19 | Fredericksburg city | 11 | $4.2M | 1.2% | 16 | — |
| 20 | Manassas city | 8 | $4.3M | 0.9% | 24 | — |
| 21 | Portsmouth city | 8 | $7.0M | 0.9% | 15 | — |
| 22 | James City County | 7 | $4.7M | 0.8% | 24 | — |
| 23 | Roanoke city | 7 | $805K | 0.8% | 15 | — |
| 24 | Falls Church city | 7 | $2.4M | 0.8% | 17 | — |
| 25 | Hampton city | 7 | $8.3M | 0.8% | 14 | — |
| 26 | New Kent County | 6 | $783K | 0.7% | 3 | — |
| 27 | Rockingham County | 6 | $2.8M | 0.7% | 11 | — |
| 28 | Suffolk city | 6 | $1.6M | 0.7% | 12 | — |
| 29 | Lynchburg city | 6 | $1.6M | 0.7% | 13 | — |
| 30 | Powhatan County | 5 | $1.4M | 0.6% | 7 | — |
| 31 | Charlottesville city | 5 | $1.3M | 0.6% | 6 | — |
| 32 | Montgomery County | 5 | $2.7M | 0.6% | 16 | — |
| 33 | Louisa County | 5 | $1.5M | 0.6% | 3 | — |
| 34 | Franklin County | 5 | $4.6M | 0.6% | 2 | — |
| 35 | Staunton city | 5 | $3.2M | 0.6% | 5 | — |
| 36 | Goochland County | 5 | $1.5M | 0.6% | 4 | — |
| 37 | Winchester city | 4 | $1.1M | 0.5% | 16 | — |
| 38 | Gloucester County | 4 | $1.3M | 0.5% | 5 | — |
| 39 | Fauquier County | 4 | $1.4M | 0.5% | 8 | — |
| 40 | Frederick County | 4 | $433K | 0.5% | 15 | — |
The 40 counties with the most approvals; every county is on the Virginia page.
FY2026 against FY2025
| Virginia | FY2026 to date | FY2025 |
|---|---|---|
| 7(a) approvals | 813 | 1,497 |
| 7(a) dollars | $395M | $757M |
| Median 7(a) approval | $200K | $216K |
| 504 approvals | 71 | 126 |
| 504 dollars | $77.1M | $114M |
| Jobs supported, as reported | 9,410 | 17,710 |
Questions and answers
Which lenders made the most SBA loans in Virginia in FY2026?
Manufacturers and Traders Trust Company (139), Newtek Bank, National Association (93), Northeast Bank (63), Live Oak Banking Company (35), The Huntington National Bank (33). 122 lenders had at least one approval.
How many SBA loans were approved in Virginia in FY2026?
884 to 30 Jun 2026: 813 under 7(a) worth $395M and 71 under 504 worth $77.1M.
Which Virginia counties had the most SBA approvals in FY2026?
Fairfax County (168), Loudoun County (69), Prince William County (58), Henrico County (57), Virginia Beach city (49).
When does FY2026 start and end?
The federal fiscal year 2026 runs from 1 October 2025 to 30 September 2026. The files used here stop at 30 Jun 2026.
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