Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Virginia.
In 2022 there were 114 SBA lenders that approved 847 SBA 7(a) loans for projects in Virginia totaling $482,742,700. The average loan amount was $569,944. Borrowers from 163 cities were approved for projects in Virginia for 259 industries. The SBA loan approvals in 2022 represent 10,572 jobs supported or saved in Virginia.
There were 115 franchise branded businesses receiving 177 loan approvals for $150,922,500 with an average loan amount of $852,670.
Our forecast model projects $509 million in total Virginia SBA 7(a) loan approval amounts in 2023 with $176 million to franchise businesses.
Virginia Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Virginia Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
