# Small business loans in Fairfax, VA

**Short answer:** The most active SBA lenders in Fairfax, VA since FY2024 are M&T Bank (19 loans) and The Huntington National Bank (15). The median loan was $250,000, and half fell between $93,750 and $502,000. For free help, see the Virginia SBDC Network. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/virginia-small-business-loans/fairfax/
Data as of: 2026-06-30

## Lenders making SBA loans in Fairfax

No lender made more than 16% of the loans in Fairfax, and M&T Bank made the most. The five largest lenders together made 49%.

**Lenders with five or more SBA loans in Fairfax, VA, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/virginia/) | 19 | 15.8% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/virginia/) | 15 | 12.5% |
| [Readycap Lending, LLC](https://www.sbaexpress.loans/sba-express-lenders/readycap-lending-llc/): Non-bank lender | 9 | 7.5% |
| [Live Oak Banking Company](https://www.sbaexpress.loans/sba-express-lenders/live-oak-banking-company/) | 8 | 6.7% |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 8 | 6.7% |

Share is the percent of all Fairfax loans in that period. Each name links to that lender's page for Virginia where one exists.

## Local help near Fairfax

Fairfax borrowers can start with SBA's district offices for Virginia, an SBDC or SCORE.

34% of Fairfax borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA runs two district offices that cover Virginia. Each page points to state and federal resources and to lenders in its area. The Virginia SBDC Network gives free counseling across Virginia.

- [SBA Virginia District Office: SBA district office](https://www.sba.gov/district/virginia)
- [SBA Washington Metropolitan Area District Office: SBA district office](https://www.sba.gov/district/washington-metropolitan)
- [Virginia SBDC Network: Small Business Development Center](https://www.virginiasbdc.org/)
- [SCORE mentors in Virginia: Business mentoring](https://www.score.org/va/)

Alongside SBA loans, Virginia runs four loan programs. The [Virginia page](https://www.sbaexpress.loans/virginia-small-business-loans/#loan-programs-in-virginia) describes each, and the official pages are linked here.

- [VSBFA Microloan Program](https://sbsd.virginia.gov/loan-programs/#microloan)
- [VSBFA Economic Development Loan Program](https://sbsd.virginia.gov/loan-programs/#economic-development-loan)
- [VSBFA SSBCI 2.0 Capital Connect Program](https://sbsd.virginia.gov/loan-programs/#cap-connect)
- [VSBFA credit support programs](https://sbsd.virginia.gov/credit-support-programs/)

## Loan counts and sizes in Fairfax

Fairfax ranks 4th by loans since FY2024 among the 15 Virginia cities with 100 or more SBA loans since FY2020. Nationally it is the 154th busiest of the 580 cities that reach 100 loans.

The 120 loans, 4.1% of the 2,948 in Virginia, were approved for $55.8 million in all. The median loan was $250,000, 66% above the national median of $150,300. Half of the loans fell between $93,750 and $502,000. The Fairfax median is 25% above the Virginia median of $200,000.

**Fairfax, VA compared with Virginia and the nation, loans from FY2024 to June 2026**

| Measure | Fairfax | Virginia | U.S. |
| --- | --- | --- | --- |
| Loans | 120 | 2,948 | 162,355 |
| Median loan | $250,000 | $200,000 | $150,300 |
| 25th percentile | $93,750 | $80,000 | $50,000 |
| 75th percentile | $502,000 | $500,000 | $500,000 |
| Via SBA Express | 31.7% | 30.0% | 35.8% |
| Lines of credit | 25.8% | 22.4% | 28.1% |
| Startups | 17.5% | 23.2% | 16.1% |
| Ownership changes | 9.2% | 10.1% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | 7.1% | 3.6% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

75% of the loans were $500,000 or less, the size SBA Express covers. 31.7% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 25.8% of loans, close to the national 28.1%.

SBA loans in Fairfax, VA by size, FY2024 to June 2026

- $50,000 or less (20%): 24
- $50,001 to $150,000 (19%): 23
- $150,001 to $350,000 (25%): 30
- $350,001 to $500,000 (11%): 13
- $500,001 to $1,000,000 (14%): 17
- $1,000,001 to $2,000,000 (8%): 9
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 55.8% of loans went to businesses more than two years old and 16.7% to businesses two years old or younger. Startups received 17.5% and changes of ownership 9.2%.

SBA loans in Fairfax, VA by fiscal year

- FY2020: 29
- FY2021: 19
- FY2022: 22
- FY2023: 34
- FY2024: 48
- FY2025: 49
- FY2026 (through June 30): 23

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume held steady from FY2024 (48 loans) to FY2025 (49), the two latest full years. The busiest full year in the file was FY2025, with 49 loans. FY2026 already shows 23 loans through June 30.

Of the 70 loans Fairfax borrowers received in FY2020 to FY2022, 7.1% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,721 jobs supported across the 120 loans since FY2024, about 14.3 per loan. SBA does not audit these estimates.

## What businesses in Fairfax borrow for

Full-Service Restaurants was the largest borrower group in Fairfax, with 15 loans or 12.5% of the total.

The three largest industries made up 21% of all Fairfax loans. Full-Service Restaurants stands out: its 15 loans are 12.5% of Fairfax loans, against 4.6% nationally, 2.7 times its national share.

**Industries with the most SBA loans in Fairfax, VA, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/virginia/) | 15 | 12.5% | 4.6% |
| [Home Health Care Services](https://www.sbaexpress.loans/industries/home-health-care-services/) | 5 | 4.2% | 1.0% |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 5 | 4.2% | 3.3% |

Share is the percent of all Fairfax loans in that period. Industry is the NAICS code on each loan. A name links to the Virginia page for that industry where one exists.

## A typical loan payment in Fairfax

The median Fairfax loan was $250,000 with a median term of 10 years.

The median variable-rate loan in Fairfax was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $250,000 over 10 years, principal and interest would come to about $3,269 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Fairfax loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $93,750 | $1,226 |
| Median loan | $250,000 | $3,269 |
| 75th percentile loan | $502,000 | $6,565 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $250,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Fairfax loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $250,000 loan](https://www.sbaexpress.loans/loan-amounts/250000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Fairfax

Fairfax has 7 SBA 504 loans since FY2020, with $8.0 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

No Certified Development Company (CDC) is named on five or more 504 loans in Fairfax, so the list below is Virginia's. Business Finance Group, Inc. is named on the most there, 156 loans since FY2024.

**CDCs named on five or more 504 loans in Virginia, FY2024 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Business Finance Group, Inc. | 156 |
| 504 Capital Corporation | 86 |
| Rappahannock Economic Development Corporation | 51 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Virginia cities near Fairfax

Fairfax made up 4.1% of Virginia's SBA loans since FY2024.

Fairfax is one of 15 Virginia cities with 100 or more SBA loans since FY2020. The [Virginia page](https://www.sbaexpress.loans/virginia-small-business-loans/) covers all 2,948 loans in Virginia. The closest come first, ranked by county and ZIP code on their loans.

- [Falls Church: 69 loans, median $167,000](https://www.sbaexpress.loans/virginia-small-business-loans/falls-church/)
- [Chantilly: 53 loans, median $325,000](https://www.sbaexpress.loans/virginia-small-business-loans/chantilly/)
- [Woodbridge: 63 loans, median $110,000](https://www.sbaexpress.loans/virginia-small-business-loans/woodbridge/)
- [Arlington: 82 loans, median $205,000](https://www.sbaexpress.loans/virginia-small-business-loans/arlington/)
- [Alexandria: 162 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/alexandria/)
- [Fredericksburg: 114 loans, median $300,000](https://www.sbaexpress.loans/virginia-small-business-loans/fredericksburg/)
- [Midlothian: 58 loans, median $250,000](https://www.sbaexpress.loans/virginia-small-business-loans/midlothian/)
- [Richmond: 167 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/richmond/)

## Common questions about SBA loans in Fairfax

### Which lenders make the most SBA loans in Fairfax?

M&T Bank leads with 19 loans in Fairfax since FY2024. The Huntington National Bank (15) and Readycap Lending, LLC (9) follow. Only lenders with five or more Fairfax loans are counted.

### Which industries get SBA loans in Fairfax?

Full-Service Restaurants leads with 15 loans in Fairfax since FY2024. Home Health Care Services (5) and Limited-Service Restaurants (5) follow.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Virginia District Office](https://www.sba.gov/district/virginia)
- [SBA Washington Metropolitan Area District Office](https://www.sba.gov/district/washington-metropolitan)
- [Virginia SBDC Network](https://www.virginiasbdc.org/)
- [SCORE, Virginia](https://www.score.org/va/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)