Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
Virginia · Construction
SBA loans for construction in Virginia
1,692 loans worth $663.8M approved since FY2010 for construction projects located in Virginia.
Loans
1,692
Approved
$663.8M
Median loan
$150,000
+50% vs sector nationally
Median rate
7.75%
Jobs supported
16,746
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to construction in Virginia
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Business Finance Group, Inc. | 107 | $71.1M | |
| Truist Bank | 150 | $57.6M | |
| 504 Capital Corporation | 81 | $33.9M | |
| The Huntington National Bank | 55 | $28.9M | |
| Manufacturers and Traders Trust Company | 178 | $26.2M | |
| TowneBank | 23 | $24.1M | |
| First National Bank of Pennsylvania | 25 | $23.8M | |
| Wells Fargo Bank | 147 | $22.7M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in Virginia since FY2010 was $150,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Virginia
17,183 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Virginia?
- 1,692 SBA loans totalling $663,836,600 have been approved for construction projects in Virginia since FY2010.
- Which lenders finance construction in Virginia?
- The most active by dollars approved are Business Finance Group, Inc., Truist Bank, 504 Capital Corporation, The Huntington National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Virginia?
- The median approval is $150,000, 50% above the national median for this sector ($100,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.