# Buying a Business in Virginia: SBA Lending

Change-of-ownership SBA 7(a) approvals in Virginia, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

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Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/virginia
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 636, $837,903,700 approved in total
- FY2025 loans: 149, $194,169,500 approved
- Median loan: $773,000
- Share of national acquisition lending: 1.8%

## The Most Active Lenders in Virginia

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. Live Oak Banking Company: 100 loans
2. GBank: 38 loans
3. The Huntington National Bank: 34 loans
4. TowneBank: 30 loans
5. Manufacturers and Traders Trust Company: 26 loans

## What Gets Financed in Virginia

- Hotels (except Casino Hotels) and Motels: 64 loans
- Limited-Service Restaurants: 34 loans
- Full-Service Restaurants: 34 loans
- General Automotive Repair: 22 loans
- All Other Specialty Trade Contractors: 18 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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