SBA lending data · fiscal year 2025

25 lenders funded limited-service restaurants in Virginia last year

54 SBA 7(a) loans approved under NAICS 722513. Median approval $422,500, median term 120 months, median initial rate 10%.

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What was actually approved

54
loans approved
25
distinct lenders
$176k
25th percentile
$775k
75th percentile

Half of all approvals in this industry and state fell between $176,250 and $775,000. 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. 1The Huntington National Bank9 loans · $3.5M
  2. 2Live Oak Banking Company6 loans · $4.6M
  3. 3First Community Bank4 loans · $2M
  4. 4Manufacturers and Traders Trust Company4 loans · $0.7M
  5. 5Centerstone SBA Lending, Inc.3 loans · $5.6M
  6. 6Newtek Bank, National Association2 loans · $0.4M
  7. 7Wells Fargo Bank National Association2 loans · $1.2M
  8. 8Readycap Lending, LLC2 loans · $0.1M
  9. 9Celtic Bank Corporation2 loans · $0.3M
  10. 10First National Bank of Pennsylvania2 loans · $1.3M
  11. 11Hanmi Bank2 loans · $2.7M
  12. 12John Marshall Bank2 loans · $3.3M

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 yearLoansLendersMedian approval
FY20234326$340,300
FY20245026$300,800
FY20255425$422,500

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

Limited-Service Restaurants in other states

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