1,497 SBA 7(a) loans were approved in Virginia last year

$757M in approvals across 18 industry sectors in fiscal year 2025. Below: which sectors got funded, how much a typical approval was, and how long the lenders wrote the paper for.

Build a plan for Virginia — free preview$299 one time. Your plan cites this data for your own industry.

What got funded, by sector

Every approved 7(a) loan carries an industry code. Grouped at the sector level, this is where Virginia's SBA money went in FY2025.

SectorLoansLendersMedian approvalMedian term
Professional, scientific and technical services21248$171,000120 mo
Health care and social assistance20557$250,000120 mo
Accommodation and food services18561$425,000120 mo
Other services (except public administration)17051$250,000120 mo
Construction16649$200,000120 mo
Retail trade12628$200,000120 mo
Administrative, support and waste management services10231$174,750120 mo
Arts, entertainment and recreation7026$300,000120 mo
Manufacturing6819$190,400120 mo
Transportation and warehousing4815$98,200120 mo
Educational services4221$159,500120 mo
Wholesale trade3218$241,750120 mo
Real estate, rental and leasing3117$196,000120 mo
Finance and insurance1713$200,000120 mo
Information1410$100,000120 mo
Agriculture, forestry, fishing and hunting76$250,000120 mo
Mining, quarrying, and oil and gas extraction11$150,000120 mo
Public administration11$290,000120 mo

Medians are per sector and are not averaged together — a median cannot be added up. Sector counts partition the year: they sum to the 1,497 approvals above, with no loan counted twice.

Virginia industries in detail

Where the data is thick enough to name lenders and show the spread of approvals, there is a page for the industry itself.

Lenders active across Virginia

These names come up at the top of several sectors in Virginia. It is a picture of who is lending here — not a ranking: the published file lists the leading lenders of each sector, so a bank strong in one single sector can be missing from this view.

Northeast Bank18 sectorsManufacturers and Traders Trust Company15 sectorsNewtek Bank, National Association18 sectorsThe Huntington National Bank13 sectorsReadycap Lending, LLC14 sectorsLive Oak Banking Company11 sectorsTD Bank, National Association10 sectorsWells Fargo Bank National Association10 sectorsBayFirst National Bank9 sectorsFirst Community Bank8 sectorsUnited Midwest Savings Bank National Association8 sectorsAtlantic Union Bank8 sectors

Where this comes from

U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), as published on 2026-06-30. Fiscal year 2025 is the last complete one; the year in progress is excluded so the figures do not move under you. All our sources.

This page reports approvals. It says nothing about applications that were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.

Other states

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Every plan we build pulls this data for your own state and industry, positions your request against what actually got approved, and computes the coverage ratio your deal is held to — before you pay.

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