Rappahannock Economic Development approved 111 SBA loans worth $99.4M between October 2021 and June 2026, ranking #330 of 2,283 SBA lenders nationally by loan count. Its median loan was $587,000, and 19% went to startups or businesses under two years old. It lent in 4 states, most often in Virginia, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Virginia | 83 | $71.6M | $560,000 | #17 |
| Maryland | 17 | $15.8M | $493,000 | #40 |
| District of Columbia | 10 | $11.5M | $963,000 | #16 |
| West Virginia | 1 | $456K | $456,000 | #53 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 20 | $409,000 | |
| Restaurants and hotels | 20 | $845,500 | |
| Construction | 13 | $660,000 | |
| Other services (repair, personal care) | 11 | $422,000 | |
| Professional and technical services | 10 | $822,000 | |
| Retail | 9 | $619,000 | |
| Arts, entertainment and recreation | 6 | $483,000 | |
| Transportation and warehousing | 5 | $820,000 | |
| Manufacturing | 4 | $829,000 | |
| Administrative and support services | 3 | $759,000 |