SBA Acquisition Data

SBA loans in Virginia: who lends, what gets bought, how it performs

Since FY2018, SBA lenders have approved 849 7(a) loans to buy an existing business in Virginia, totaling $1.1B. The median loan was $719,000, 11% higher than the $645,250 national median for SBA-financed acquisitions. Volume rose 22% from FY2024 to FY2026.

Sponsored
Acquisition Stars
Buying a business in Virginia?

SBA acquisition counsel, nationwide. Free consultation.

Request Engagement Assessment
acquisition loans
849
FY2018 to FY2026
total approved
$1.1B
gross loan amount
median loan
$719,000
middle half: $323K to $1.8M
avg initial rate
7.91%
at approval, mixed years
median term
10 years
120 months
charge-off rate
3.6%
FY2018 to FY2021 cohort, 363 loans

SBA lenders in Virginia

The lenders that made the most SBA 7(a) acquisition loans in Virginia, FY2018 to FY2026.

Lender ranked by SBA acquisition loans
#LenderLoansShareDollars
1Live Oak Banking Company125
14.7%$175M
2The Huntington National Bank49
5.8%$62.3M
3GBank44
5.2%$118M
4Manufacturers and Traders Trust Company37
4.4%$24.7M
5Hanmi Bank27
3.2%$23.1M
6TowneBank26
3.1%$33.6M
7Pinnacle Bank25
2.9%$32.7M
8Truist Bank21
2.5%$21.1M
9First National Bank of Pennsylvania18
2.1%$17.8M
10Byline Bank16
1.9%$26.9M

What this tells a buyer

  • Deal size band. Half of Virginia acquisition loans fell between $323,000 and $1,806,000. The nationwide band is $283,000 to $1,465,000.
  • Share of national volume. Virginia accounts for 1.7% of all SBA acquisition loans and ranks number 20 of 54 states and territories by count.
  • Industry concentration. Hotels (except Casino Hotels) and Motels is the most financed business type here (88 loans, 10% of the state). The top three industries together are 21%.
  • Lender concentration. Live Oak Banking Company made 15% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
  • Franchise resales. 27% of acquisition loans in Virginia involved a franchised brand; the most frequent is Quality Inn (16 loans).

Virginia acquisition loans by year

Virginia SBA acquisition loans by fiscal year. SBA fiscal years run October 1 to September 30.
Fiscal yearLoansTotal approvedMedian loan
FY2018 62
$61.1M $460,000
FY2019 106
$105M $520,300
FY2020 88
$95.7M $756,250
FY2021 107
$161M $862,000
FY2022 72
$122M $1,140,000
FY2023 82
$106M $689,550
FY2024 90
$113M $815,000
FY2025 132
$171M $699,500
FY2026 110
$145M $795,000

How often do these acquisition loans fail?

Of the 363 Virginia acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 13 have been charged off by the SBA, a rate of 3.6% by loan count and 0.9% by dollars. 189 have already been paid in full.

For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Virginia is in line with the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.

"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.

Sponsored
Acquisition Stars
Buying a business in Virginia?

M&A counsel for SBA and franchise acquisitions. Free consultation.

Submit Transaction Details

Top industries in Virginia

Sponsored
Acquisition Stars
Lender approved. Now the documents.

Purchase agreement, escrow and consents. Free consultation.

Submit Transaction Details

Franchise brands bought in Virginia

Franchise ranked by SBA acquisition loans
#FranchiseLoansShareDollars
1Quality Inn16
1.9%$47M
2Super 811
1.3%$22M
3Days Inn7
0.8%$18.6M
4The UPS Store6
0.7%$3.6M
5Firehouse Subs6
0.7%$2.3M
6Comfort Inn5
0.6%$18.6M
7Rodeway Inn5
0.6%$15.1M
8The Goddard School5
0.6%$9.3M
9Senior Helpers5
0.6%$1.5M
10Best Western4
0.5%$17.5M
11Country Inn and Suites by Radisson4
0.5%$13.8M
12Clarion Inn4
0.5%$13.3M
13Motel 64
0.5%$11.2M
14Econo Lodge4
0.5%$5.1M
15Meineke Car Care Center4
0.5%$2.5M

Acquisitions by industry in Virginia

The 14 industries with the most acquisition loans in Virginia (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.

Questions buyers ask

How much do buyers borrow to buy a business in Virginia?

The median SBA 7(a) acquisition loan in Virginia was $719,000 across 849 loans (FY2018 to FY2026), 11% higher than the $645,250 national median. The middle half of loans ran from $323,000 to $1,806,000. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.

Which banks make the most SBA acquisition loans in Virginia?

Live Oak Banking Company (125), The Huntington National Bank (49), GBank (44), Manufacturers and Traders Trust Company (37), Hanmi Bank (27). Live Oak Banking Company alone accounts for 15% of Virginia acquisition loans. See each lender page for industries and states served.

What kinds of businesses are bought with SBA loans in Virginia?

Hotels (except Casino Hotels) and Motels (88), Limited-Service Restaurants (47), Full-Service Restaurants (45), All Other Specialty Trade Contractors (24), Home Health Care Services (23). The top three industries make up 21% of the state's acquisition loans.

How often do SBA acquisition loans fail in Virginia?

In the seasoned cohort (FY2018 to FY2021), among 363 Virginia acquisition loans: 3.6% charged off, in line with the 3.5% national acquisition average.

How does Virginia compare with other states?

Virginia ranks number 20 of 54 states and territories by acquisition loan count, with 1.7% of national volume (849 of 48,902 loans) and $1.1B approved. Browse the full state ranking.

Sponsored
Acquisition Stars
Talk to M&A counsel before you sign.

SBA 7(a) acquisitions, nationwide. Free consultation.

Request Engagement Assessment

Advertise on this site: lenders, brokers, valuation and insurance firms. See options

Related

State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.