SBA 7(a) lenders in Staunton City, VA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
23 institutions have SBA 7(a) loans on record in Staunton City, together $20.2M across 48 loans. Customers Bank is the largest, with 31% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Customers Bank | 2 | $6.2M | 30.7% | 0.00% |
| 2 | US Metro Bank | 1 | $3.0M | 14.8% | 0.00% |
| 3 | Atlantic Union Bank | 6 | $2.6M | 12.6% | 0.00% |
| 4 | Banc of California | 2 | $1.8M | 8.6% | 0.00% |
| 5 | The First Bank and Trust Company | 4 | $1.7M | 8.2% | 3.42% |
| 6 | Stone Bank | 1 | $1.0M | 4.9% | 0.00% |
| 7 | Primis Bank | 3 | $938K | 4.6% | 28.99% |
| 8 | Fulton Bank, National Association | 1 | $475K | 2.3% | 0.00% |
| 9 | Farmers & Merchants Bank | 5 | $430K | 2.1% | 0.00% |
| 10 | The Huntington National Bank | 1 | $350K | 1.7% | 0.00% |
| 11 | BayFirst National Bank | 2 | $300K | 1.5% | 0.00% |
| 12 | Northeast Bank | 3 | $250K | 1.2% | 0.00% |
| 13 | Wells Fargo Bank National Association | 4 | $245K | 1.2% | 0.00% |
| 14 | Pendleton Community Bank Inc | 3 | $220K | 1.1% | 0.00% |
| 15 | DuPont Community Credit Union | 1 | $219K | 1.1% | 0.00% |
| 16 | United Midwest Savings Bank National Association | 1 | $150K | 0.7% | 0.00% |
| 17 | Business Finance Group, Inc. | 1 | $150K | 0.7% | 70.31% |
| 18 | The Citizens Bank of Weston | 1 | $140K | 0.7% | 0.00% |
| 19 | Truist Bank | 2 | $69K | 0.3% | 0.00% |
| 20 | First National Bank of Pennsylvania | 1 | $50K | 0.2% | 0.00% |
| 21 | Potomac Bank | 1 | $50K | 0.2% | 0.00% |
| 22 | The National Bank of Blacksburg | 1 | $25K | 0.1% | 0.00% |
| 23 | VelocitySBA, LLC | 1 | $10K | 0.0% | 56.67% |
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 | 12 | $10.9M | 53.9% |
| 2 | Manufacturing | 3 | $2.3M | 11.5% |
| 3 | Construction | 5 | $2.0M | 9.7% |
| 4 | Retail trade | 3 | $1.9M | 9.1% |
| 5 | Retail trade | 3 | $1.0M | 5.2% |
| 6 | Health care & social assistance | 7 | $897K | 4.4% |
| 7 | Transportation & warehousing | 3 | $363K | 1.8% |
| 8 | Professional & technical services | 4 | $260K | 1.3% |
| 9 | Information | 1 | $190K | 0.9% |
| 10 | Other services | 2 | $165K | 0.8% |
| 11 | Transportation & warehousing | 1 | $120K | 0.6% |
| 12 | Arts, entertainment & recreation | 2 | $100K | 0.5% |
| 13 | Manufacturing | 2 | $65K | 0.3% |
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.