65 SBA loans worth $35.6M went to businesses in Lynchburg, VA between October 2021 and June 2026, from 27 lenders. 504 Capital made the most, 7 loans. The median loan was $300,000, compared with $232,000 across Virginia, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | 504 Capital Certified development company · Chesapeake, VA | 7 | $5.5M | $362,000 | 14% |
| 2 | Live Oak Banking Bank · Wilmington, NC | 7 | $3.5M | $350,000 | 86% |
| 3 | Select Bank Bank · Forest, VA | 6 | $5.5M | $142,500 | 67% |
| 4 | First Bank and Trust Bank · Lebanon, VA | 6 | $1.3M | $205,000 | 33% |
| 5 | Huntington National Bank Bank · Columbus, OH | 5 | $955K | $150,000 | 40% |
| 6 | Central Virginia Federal Credit Union Credit union · Lynchburg, VA | 4 | $387K | $66,000 | 75% |
| 7 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $867K | $15,000 | 100% |
| 8 | PNC Bank Bank · Wilmington, DE | 2 | $2.8M | $1,387,350 | 50% |
| 9 | Pinnacle Bank Bank · Nashville, TN | 2 | $1.8M | $901,500 | 0% |
| 10 | First-Citizens Bank & Trust Bank · Raleigh, NC | 2 | $1.4M | $676,000 | 0% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $716K | $358,250 | 50% |
| 12 | Rappahannock Economic Development Certified development company · Fredericksburg, VA | 2 | $648K | $324,000 | 0% |
| 13 | National Bank of Blacksburg Bank · Blacksburg, VA | 2 | $570K | $285,000 | 100% |
| 14 | Freedom First Federal Credit Union Credit union · Roanoke, VA | 2 | $82K | $41,000 | 50% |
| 15 | Hanover Community Bank Bank · Garden City Park, NY | 1 | $4.0M | $4,034,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 14 | $430,000 | First Bank and Trust | |
| Administrative and support services | 6 | $275,000 | Live Oak Banking | |
| Manufacturing | 6 | $332,500 | Huntington National Bank | |
| Professional and technical services | 6 | $160,500 | Huntington National Bank | |
| Retail | 6 | $379,250 | First Bank and Trust | |
| Other services (repair, personal care) | 6 | $52,500 | Central Virginia Federal Credit Union | |
| Arts, entertainment and recreation | 5 | $350,000 | Live Oak Banking | |
| Construction | 5 | $230,000 | Pinnacle Bank |