# Small business loans in Fredericksburg, VA

**Short answer:** The most active SBA lenders in Fredericksburg, VA since FY2024 are M&T Bank (11 loans) and Live Oak Banking Company (10). The median loan was $300,000, and half fell between $150,000 and $657,750. For free help, see the Virginia SBDC Network. Source: SBA 7(a) loan data.

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

## Lenders making SBA loans in Fredericksburg

No lender made more than 10% of the loans in Fredericksburg, and M&T Bank made the most. The five largest lenders together made 40%.

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

| Lender | Loans | Share |
| --- | --- | --- |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/virginia/) | 11 | 9.6% |
| [Live Oak Banking Company](https://www.sbaexpress.loans/sba-express-lenders/live-oak-banking-company/) | 10 | 8.8% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/virginia/) | 10 | 8.8% |
| [Atlantic Union Bank](https://www.sbaexpress.loans/sba-express-lenders/atlantic-union-bank/) | 8 | 7.0% |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 7 | 6.1% |

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

## Local help near Fredericksburg

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

51% of Fredericksburg 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 Fredericksburg

Fredericksburg ranks 5th by loans since FY2024 among the 15 Virginia cities with 100 or more SBA loans since FY2020. Nationally it is the 173rd busiest of the 580 cities that reach 100 loans.

The 114 loans, 3.9% of the 2,948 in Virginia, were approved for $77.4 million in all. The median loan was $300,000, 100% above the national median of $150,300. Half of the loans fell between $150,000 and $657,750. The Fredericksburg median is 50% above the Virginia median of $200,000.

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

| Measure | Fredericksburg | Virginia | U.S. |
| --- | --- | --- | --- |
| Loans | 114 | 2,948 | 162,355 |
| Median loan | $300,000 | $200,000 | $150,300 |
| 25th percentile | $150,000 | $80,000 | $50,000 |
| 75th percentile | $657,750 | $500,000 | $500,000 |
| Via SBA Express | 28.1% | 30.0% | 35.8% |
| Lines of credit | 24.6% | 22.4% | 28.1% |
| Startups | 33.3% | 23.2% | 16.1% |
| Ownership changes | 11.4% | 10.1% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 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.

68% of the loans were $500,000 or less, the size SBA Express covers. 28.1% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 24.6% of loans, below the national 28.1%.

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

- $50,000 or less (14%): 16
- $50,001 to $150,000 (17%): 19
- $150,001 to $350,000 (25%): 28
- $350,001 to $500,000 (13%): 15
- $500,001 to $1,000,000 (11%): 13
- $1,000,001 to $2,000,000 (12%): 14
- Over $2,000,000 (8%): 9

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

By business age, 37.7% of loans went to businesses more than two years old and 17.5% to businesses two years old or younger. Startups received 33.3% and changes of ownership 11.4%. The national startup share is 16.1%.

SBA loans in Fredericksburg, VA by fiscal year

- FY2020: 16
- FY2021: 16
- FY2022: 19
- FY2023: 28
- FY2024: 40
- FY2025: 44
- FY2026 (through June 30): 30

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

Volume rose 10% from FY2024 (40 loans) to FY2025 (44), the two latest full years. The busiest full year in the file was FY2025, with 44 loans. FY2026 already shows 30 loans through June 30.

Of the 51 loans Fredericksburg borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 1,911 jobs supported across the 114 loans since FY2024, about 16.8 per loan. SBA does not audit these estimates.

## What businesses in Fredericksburg borrow for

Offices of Mental Health Practitioners (except Physicians) was the largest borrower group in Fredericksburg, with 5 loans or 4.4% of the total.

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

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Offices of Mental Health Practitioners (except Physicians)](https://www.sbaexpress.loans/industries/offices-of-mental-health-practitioners/) | 5 | 4.4% | 0.8% |

Share is the percent of all Fredericksburg 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 Fredericksburg

The median Fredericksburg loan was $300,000 with a median term of 10 years.

The median variable-rate loan in Fredericksburg was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $300,000 over 10 years, principal and interest would come to about $3,923 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $150,000 | $1,962 |
| Median loan | $300,000 | $3,923 |
| 75th percentile loan | $657,750 | $8,601 |

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 $300,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Fredericksburg loans approved since FY2024 had a median starting rate of 10.25% at approval, matching the national median. 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 $300,000 loan](https://www.sbaexpress.loans/loan-amounts/300000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Fredericksburg

Fredericksburg has 10 SBA 504 loans since FY2024, with $6.5 million in SBA and CDC dollars.

The median 504 loan in Fredericksburg was $600,000 in SBA and CDC dollars, 12% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Rappahannock Economic Development Corporation is the Certified Development Company (CDC) named on the most loans since FY2020, with 18. Business Finance Group, Inc. follows with 7. The two CDCs listed are named on 25 loans between them.

**CDCs named on five or more 504 loans in Fredericksburg, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Rappahannock Economic Development Corporation | 18 |
| Business Finance Group, Inc. | 7 |

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 Fredericksburg

Fredericksburg made up 3.9% of Virginia's SBA loans since FY2024.

Fredericksburg 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.

- [Alexandria: 162 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/alexandria/)
- [Arlington: 82 loans, median $205,000](https://www.sbaexpress.loans/virginia-small-business-loans/arlington/)
- [Woodbridge: 63 loans, median $110,000](https://www.sbaexpress.loans/virginia-small-business-loans/woodbridge/)
- [Falls Church: 69 loans, median $167,000](https://www.sbaexpress.loans/virginia-small-business-loans/falls-church/)
- [Fairfax: 120 loans, median $250,000](https://www.sbaexpress.loans/virginia-small-business-loans/fairfax/)
- [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/)
- [Chesapeake: 89 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/chesapeake/)

## Common questions about SBA loans in Fredericksburg

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

M&T Bank leads with 11 loans in Fredericksburg since FY2024. Live Oak Banking Company (10) and The Huntington National Bank (10) follow. Only lenders with five or more Fredericksburg loans are counted.

### Which industries get SBA loans in Fredericksburg?

Offices of Mental Health Practitioners (except Physicians) leads with 5 loans in Fredericksburg since FY2024.

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)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)