SBA 7(a) lenders in Martinsville City, VA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
15 institutions have SBA 7(a) loans on record in Martinsville City, together $12.1M across 26 loans. First-Citizens Bank & Trust Company is the largest, with 17% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First-Citizens Bank & Trust Company | 1 | $2.0M | 16.6% | 0.00% |
| 2 | Live Oak Banking Company | 1 | $2.0M | 16.2% | 0.00% |
| 3 | Northwest Bank | 1 | $1.4M | 11.3% | 0.00% |
| 4 | Wells Fargo Bank National Association | 1 | $1.3M | 10.4% | 0.00% |
| 5 | Truist Bank | 7 | $1.1M | 9.4% | 13.57% |
| 6 | The Fidelity Bank | 1 | $1000K | 8.3% | 0.00% |
| 7 | Truliant FCU | 1 | $945K | 7.8% | 0.00% |
| 8 | Blue Ridge Bank National Association | 5 | $780K | 6.5% | 0.00% |
| 9 | Ameris Bank | 1 | $550K | 4.6% | 0.00% |
| 10 | United Midwest Savings Bank National Association | 1 | $486K | 4.0% | 0.00% |
| 11 | Northeast Bank | 1 | $228K | 1.9% | 0.00% |
| 12 | HomeTrust Bank | 1 | $177K | 1.5% | 0.00% |
| 13 | First Community Bank | 2 | $100K | 0.8% | 0.00% |
| 14 | Columbia Bank | 1 | $50K | 0.4% | 82.46% |
| 15 | Atlantic Union Bank | 1 | $47K | 0.4% | 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 | Health care & social assistance | 4 | $3.8M | 31.3% |
| 2 | Accommodation & food services | 5 | $2.9M | 23.7% |
| 3 | Real estate & leasing | 1 | $2.0M | 16.2% |
| 4 | Professional & technical services | 1 | $945K | 7.8% |
| 5 | Retail trade | 3 | $726K | 6.0% |
| 6 | Wholesale trade | 2 | $650K | 5.4% |
| 7 | Finance & insurance | 1 | $486K | 4.0% |
| 8 | Manufacturing | 1 | $177K | 1.5% |
| 9 | Other services | 3 | $167K | 1.4% |
| 10 | Arts, entertainment & recreation | 1 | $135K | 1.1% |
| 11 | Agriculture, forestry & fishing | 2 | $100K | 0.8% |
| 12 | Construction | 1 | $50K | 0.4% |
| 13 | Manufacturing | 1 | $50K | 0.4% |
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.