Virginia · Finance & Insurance
SBA loans for finance & insurance in Virginia
244 loans worth $105.0M approved since FY2010 for finance and insurance projects located in Virginia.
Loans
244
Approved
$105.0M
Median loan
$201,250
+1% vs sector nationally
Median rate
7.00%
Jobs supported
1,138
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 finance & insurance in Virginia
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 42 | $37.4M | |
| Business Finance Group, Inc. | 29 | $9.2M | |
| Byline Bank | 8 | $6.8M | |
| United Midwest Savings Bank | 7 | $5.6M | |
| 504 Capital Corporation | 10 | $5.4M | |
| First-Citizens Bank & Trust Company | 6 | $4.8M | |
| The First Bank and Trust Company | 12 | $4.5M | |
| Newtek Small Business Finance, Inc. | 6 | $3.8M |
Detail
Which industries inside the sector
All SBA lending in Virginia
17,183 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Virginia?
- 244 SBA loans totalling $105,025,700 have been approved for finance and insurance projects in Virginia since FY2010.
- Which lenders finance finance & insurance in Virginia?
- The most active by dollars approved are Live Oak Banking Company, Business Finance Group, Inc., Byline Bank, United Midwest Savings Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in Virginia?
- The median approval is $201,250.
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