SBA lending data · fiscal year 2025

32 lenders funded full-service restaurants in Virginia last year

71 SBA 7(a) loans approved under NAICS 722511. Median approval $281,400, median term 120 months, median initial rate 10.25%.

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What was actually approved

71
loans approved
32
distinct lenders
$90k
25th percentile
$710k
75th percentile

Half of all approvals in this industry and state fell between $90,000 and $710,000. 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.

  1. 1Northeast Bank9 loans · $1.1M
  2. 2Manufacturers and Traders Trust Company6 loans · $1.7M
  3. 3The Huntington National Bank6 loans · $3.6M
  4. 4Readycap Lending, LLC4 loans · $1.3M
  5. 5Newtek Bank, National Association4 loans · $0.7M
  6. 6TD Bank, National Association4 loans · $0.2M
  7. 7First Community Bank3 loans · $1M
  8. 8Hanmi Bank3 loans · $2.5M
  9. 9Truliant FCU3 loans · $1.7M
  10. 10Metro City Bank3 loans · $2M
  11. 11Bank of Clarke2 loans · $3.2M
  12. 12First Bank of the Lake2 loans · $1.5M

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 yearLoansLendersMedian approval
FY20234322$164,000
FY20246832$412,500
FY20257132$281,400

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 in other states

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