SBA 7(a) lenders in Botetourt, VA
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
21 institutions have SBA 7(a) loans on record in Botetourt, together $27.4M across 43 loans. First-Citizens Bank & Trust Company is the largest, with 20% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First-Citizens Bank & Trust Company | 2 | $5.4M | 19.9% | 0.00% |
| 2 | GBank | 1 | $5.0M | 18.3% | 0.00% |
| 3 | TowneBank | 2 | $4.4M | 15.9% | 0.00% |
| 4 | PromiseOne Bank | 1 | $3.4M | 12.5% | 0.00% |
| 5 | Pinnacle Bank | 4 | $2.1M | 7.8% | 0.00% |
| 6 | Truist Bank | 3 | $1.4M | 5.0% | 0.00% |
| 7 | First National Bank of Pennsylvania | 1 | $1.0M | 3.7% | 0.00% |
| 8 | First Bank | 5 | $838K | 3.1% | 0.00% |
| 9 | Wells Fargo Bank National Association | 6 | $531K | 1.9% | 1.35% |
| 10 | United Midwest Savings Bank National Association | 2 | $522K | 1.9% | 0.00% |
| 11 | Merchants Bank of Indiana | 1 | $500K | 1.8% | 0.00% |
| 12 | Independence Bank | 3 | $425K | 1.6% | 58.93% |
| 13 | The Bancorp Bank National Association | 1 | $422K | 1.5% | 0.00% |
| 14 | Magnifi Financial CU | 1 | $400K | 1.5% | 71.17% |
| 15 | Atlantic Union Bank | 3 | $270K | 1.0% | 0.00% |
| 16 | Coastal States Bank | 1 | $259K | 0.9% | 0.00% |
| 17 | The First Bank and Trust Company | 1 | $150K | 0.5% | 0.00% |
| 18 | Celtic Bank Corporation | 1 | $125K | 0.5% | 89.20% |
| 19 | Freedom First Federal Credit Union | 1 | $91K | 0.3% | 0.00% |
| 20 | Northeast Bank | 1 | $83K | 0.3% | 0.00% |
| 21 | VelocitySBA, LLC | 2 | $18K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 6 | $9.4M | 34.4% |
| 2 | Transportation & warehousing | 5 | $5.1M | 18.8% |
| 3 | Retail trade | 3 | $4.4M | 16.0% |
| 4 | Other services | 4 | $2.1M | 7.6% |
| 5 | Health care & social assistance | 7 | $1.5M | 5.5% |
| 6 | Manufacturing | 1 | $1.0M | 3.7% |
| 7 | Finance & insurance | 2 | $872K | 3.2% |
| 8 | Manufacturing | 1 | $861K | 3.1% |
| 9 | Manufacturing | 2 | $650K | 2.4% |
| 10 | Construction | 1 | $400K | 1.5% |
| 11 | Administrative & waste services | 3 | $341K | 1.2% |
| 12 | Transportation & warehousing | 2 | $280K | 1.0% |
| 13 | Wholesale trade | 2 | $250K | 0.9% |
| 14 | Agriculture, forestry & fishing | 1 | $100K | 0.4% |
| 15 | Retail trade | 2 | $78K | 0.3% |
| 16 | Real estate & leasing | 1 | $20K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.