SBA lending data · fiscal year 2025
17 lenders funded fitness and recreational sports centers in Virginia last year
32 SBA 7(a) loans approved under NAICS 713940. Median approval $300,000, median term 120 months, median initial rate 10%.
What was actually approved
Half of all approvals in this industry and state fell between $96,875 and $500,000. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.
The most active lenders
Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.
- 1Newtek Bank, National Association5 loans · $2.1M
- 2The Huntington National Bank3 loans · $0.9M
- 3Citizens Bank3 loans · $1.5M
- 4Manufacturers and Traders Trust Company3 loans · $0.1M
- 5Northeast Bank2 loans · $0.2M
- 6Wells Fargo Bank National Association2 loans · $0.8M
- 7First Bank of the Lake2 loans · $1.2M
- 8Atlantic Union Bank2 loans · $0.4M
- 9Live Oak Banking Company2 loans · $1M
- 10Potomac Bank1 loan · $0.3M
- 11BayFirst National Bank1 loan · $0.2M
- 12Quaint Oak Bank1 loan · $0.3M
This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.
Is this industry getting easier or harder to finance?
| Fiscal year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 38 | 17 | $309,000 |
| FY2024 | 34 | 15 | $251,000 |
| FY2025 | 32 | 17 | $300,000 |
Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.
Where this comes from
The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.
This page reports approvals. It says nothing about how many applications 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 industries in Virginia
- Full-Service Restaurants · 71 loans
- Limited-Service Restaurants · 54 loans
- Beauty Salons · 33 loans
- Home Health Care Services · 32 loans
- Offices of All Other Miscellaneous Health Practitioners · 29 loans
- General Automotive Repair · 28 loans
- Child Care Services · 27 loans
- All Other Amusement and Recreation Industries · 27 loans
Fitness and Recreational Sports Centers in other states
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