Access the Top SBA Lending for Virginia Small Business
Virginia State is recognized for its history and diverse economy making it a promising environment for the growth of businesses. Whether in the streets of Richmond or amidst the beauty of the Shenandoah Valley entrepreneurs encounter numerous avenues for expansion and prosperity. Through access to leading SBA lending programs small businesses in Virginia can secure assistance to drive their ventures forward.
Virginia
The Old Dominion
818,450 small businesses
1,600,000 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Virginia
Between March 2021 and March 2022, 34,432 Virginia establishments opened and 27,119 closed, for a net increase of 7,313. Employment expanded at 59,438 establishments and contracted at 48,074. Small businesses accounted for 32,318 openings and 25,336 closings.
Establishments in Virginia
Employment in Virginia
Between March 2021 and March 2022, 34,432 Virginia establishments opened and 27,119 closed, for a net increase of 7,313. Employment expanded at 59,438 establishments and contracted at 48,074. Small businesses accounted for 32,318 openings and 25,336 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Virginia
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $2.5 billion in loans to Virginia businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $2.8 billion. Total reported new lending to businesses through loans of $1 million or less was $8.0 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Virginia's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Virginia
Business Count by Demographic in Virginia
Total Virginia Employement by Business Size
Small Business Employment and Payroll by Industry in Virginia
Source: Business Employment Dynamics (BLS)