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Buying a Business in Virginia

What SBA acquisition lending actually looks like in Virginia, from loan-level government data.

FY2025 Acquisition Loans

149

$194.2M approved

Median Loan

$773,000

FY2020 through FY2025

Loans Since FY2020

636

$837.9M in total approvals

Share of U.S. Activity

1.8%

Of change-of-ownership loans

Most Active Acquisition Lenders in Virginia

  1. 1. Live Oak Banking Company100 loans
  2. 2. GBank38 loans
  3. 3. Manufacturers and Traders Trust Company26 loans
  4. 4. Hanmi Bank24 loans
  5. 5. Pinnacle Bank23 loans

A lender being active in Virginia does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.

What Gets Bought in Virginia

  • Hotels (except Casino Hotels) and Motels64 loans
  • Limited-Service Restaurants34 loans
  • Full-Service Restaurants34 loans
  • General Automotive Repair22 loans
  • All Other Specialty Trade Contractors18 loans

Industry-specific pricing and diligence live in the Industry Buy Guides.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Virginia project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.

Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.