SBA 7(a) lenders in Washington, VA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
19 institutions have SBA 7(a) loans on record in Washington, together $45.0M across 93 loans. The First Bank and Trust Company is the largest, with 42% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The First Bank and Trust Company | 53 | $18.7M | 41.6% | 0.17% |
| 2 | First Community Bank | 10 | $5.1M | 11.4% | 0.00% |
| 3 | Live Oak Banking Company | 3 | $5.1M | 11.3% | 9.79% |
| 4 | Newtek Small Business Finance, Inc. | 1 | $4.1M | 9.1% | 0.00% |
| 5 | HomeTrust Bank | 2 | $2.6M | 5.9% | 0.00% |
| 6 | US Metro Bank | 1 | $2.1M | 4.7% | 0.00% |
| 7 | GBank | 1 | $1.6M | 3.5% | 0.00% |
| 8 | Citizens Bank | 2 | $1.2M | 2.8% | 0.00% |
| 9 | U.S. Bank, National Association | 2 | $959K | 2.1% | 0.00% |
| 10 | Byline Bank | 1 | $900K | 2.0% | 0.00% |
| 11 | Newtek Bank, National Association | 2 | $750K | 1.7% | 0.00% |
| 12 | Wells Fargo Bank National Association | 4 | $520K | 1.2% | 71.70% |
| 13 | The Bank of Marion | 1 | $350K | 0.8% | 0.00% |
| 14 | Truist Bank | 5 | $274K | 0.6% | 0.00% |
| 15 | Readycap Lending, LLC | 1 | $260K | 0.6% | 0.00% |
| 16 | Celtic Bank Corporation | 1 | $150K | 0.3% | 0.00% |
| 17 | Independence Bank | 1 | $80K | 0.2% | 0.00% |
| 18 | New Peoples Bank, Inc. | 1 | $75K | 0.2% | 0.00% |
| 19 | Northeast Bank | 1 | $32K | 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 | Retail trade | 17 | $12.8M | 28.4% |
| 2 | Other services | 9 | $7.9M | 17.6% |
| 3 | Accommodation & food services | 13 | $7.7M | 17.1% |
| 4 | Manufacturing | 7 | $5.4M | 12.0% |
| 5 | Finance & insurance | 7 | $3.0M | 6.7% |
| 6 | Construction | 11 | $2.3M | 5.0% |
| 7 | Retail trade | 6 | $2.2M | 4.8% |
| 8 | Professional & technical services | 5 | $1.2M | 2.7% |
| 9 | Arts, entertainment & recreation | 4 | $913K | 2.0% |
| 10 | Information | 1 | $518K | 1.2% |
| 11 | Administrative & waste services | 4 | $470K | 1.0% |
| 12 | Wholesale trade | 3 | $298K | 0.7% |
| 13 | Educational services | 1 | $160K | 0.4% |
| 14 | Health care & social assistance | 3 | $135K | 0.3% |
| 15 | Transportation & warehousing | 1 | $70K | 0.2% |
| 16 | Mining & extraction | 1 | $15K | 0.0% |
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.