Virginia · Retail
SBA loans for retail in Virginia
1,116 loans worth $509.7M approved since FY2010 for retail trade projects located in Virginia.
Loans
1,116
Approved
$509.7M
Median loan
$211,500
-15% vs sector nationally
Median rate
6.50%
Jobs supported
10,155
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 retail in Virginia
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 40 | $52.5M | |
| Business Finance Group, Inc. | 77 | $47.5M | |
| 504 Capital Corporation | 48 | $24.0M | |
| Truist Bank | 72 | $20.2M | |
| Primis Bank | 33 | $17.0M | |
| Wells Fargo Bank | 87 | $15.4M | |
| TowneBank | 19 | $13.6M | |
| Manufacturers and Traders Trust Company | 121 | $13.3M |
Detail
Which industries inside the sector
All SBA lending in Virginia
17,183 loans across every sector.
Retail nationally
91,542 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to retail businesses in Virginia?
- 1,116 SBA loans totalling $509,661,500 have been approved for retail trade projects in Virginia since FY2010.
- Which lenders finance retail in Virginia?
- The most active by dollars approved are Live Oak Banking Company, Business Finance Group, Inc., 504 Capital Corporation, Truist Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for retail in Virginia?
- The median approval is $211,500, 15% below the national median for this sector ($250,000).
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