SBA 7(a) lenders in Tazewell, VA
Approvals in SBA fiscal years 2010–2026. Source data as of 2026-06-30.
Lenders
14 institutions have SBA 7(a) loans on record in Tazewell, together $7.6M across 22 loans. Open Bank is the largest, with 29% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Open Bank | 1 | $2.2M | 29.3% | 0.00% |
| 2 | First Community Bank | 4 | $1.4M | 18.6% | 0.00% |
| 3 | Live Oak Banking Company | 1 | $1.2M | 15.2% | 0.00% |
| 4 | Truist Bank | 2 | $890K | 11.8% | 0.00% |
| 5 | The Huntington National Bank | 2 | $419K | 5.5% | 0.00% |
| 6 | Grasshopper Bank National Association | 1 | $350K | 4.6% | 0.00% |
| 7 | Simmons Bank | 1 | $350K | 4.6% | 0.00% |
| 8 | Powell Valley National Bank | 1 | $250K | 3.3% | 0.00% |
| 9 | The First Bank and Trust Company | 1 | $150K | 2.0% | 0.00% |
| 10 | Locus Bank Inc | 2 | $128K | 1.7% | 0.00% |
| 11 | Wells Fargo Bank National Association | 3 | $118K | 1.6% | 0.00% |
| 12 | The National Bank of Blacksburg | 1 | $75K | 1.0% | 76.34% |
| 13 | New Peoples Bank, Inc. | 1 | $50K | 0.7% | 0.00% |
| 14 | VelocitySBA, LLC | 1 | $13K | 0.2% | 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 | 3 | $2.6M | 34.6% |
| 2 | Health care & social assistance | 6 | $1.5M | 20.0% |
| 3 | Real estate & leasing | 1 | $1.2M | 15.2% |
| 4 | Retail trade | 1 | $865K | 11.4% |
| 5 | Professional & technical services | 2 | $363K | 4.8% |
| 6 | Arts, entertainment & recreation | 1 | $335K | 4.4% |
| 7 | Manufacturing | 1 | $250K | 3.3% |
| 8 | Retail trade | 2 | $175K | 2.3% |
| 9 | Construction | 2 | $160K | 2.1% |
| 10 | Wholesale trade | 1 | $100K | 1.3% |
| 11 | Finance & insurance | 1 | $25K | 0.3% |
| 12 | Other services | 1 | $8K | 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.