# Small business loans in Sterling, VA

**Short answer:** The most active SBA lenders in Sterling, VA since FY2024 are TD Bank (10 loans) and M&T Bank (7). The median loan was $283,600, and half fell between $150,000 and $634,225. For free help, see the Virginia SBDC Network. Source: SBA 7(a) loan data.

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

## Lenders making SBA loans in Sterling

No lender made more than 14% of the loans in Sterling, and TD Bank made the most. The four largest lenders together made 39%.

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

| Lender | Loans | Share |
| --- | --- | --- |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/virginia/) | 10 | 13.9% |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/virginia/) | 7 | 9.7% |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/virginia/) | 6 | 8.3% |
| [Potomac Bank](https://www.sbaexpress.loans/sba-express-lenders/potomac-bank/) | 5 | 6.9% |

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

Sterling has four lenders with five or more loans since FY2024. Others had fewer, and the Virginia page counts 174 lenders with at least one approved loan statewide.

## Local help near Sterling

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

35% of Sterling 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 Sterling

Sterling ranks 9th by loans since FY2024 among the 15 Virginia cities with 100 or more SBA loans since FY2020. Nationally it is the 343rd busiest of the 580 cities that reach 100 loans.

The 72 loans, 2.4% of the 2,948 in Virginia, were approved for $47.2 million in all. The median loan was $283,600, 89% above the national median of $150,300. Half of the loans fell between $150,000 and $634,225. The Sterling median is 42% above the Virginia median of $200,000.

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

| Measure | Sterling | Virginia | U.S. |
| --- | --- | --- | --- |
| Loans | 72 | 2,948 | 162,355 |
| Median loan | $283,600 | $200,000 | $150,300 |
| 25th percentile | $150,000 | $80,000 | $50,000 |
| 75th percentile | $634,225 | $500,000 | $500,000 |
| Via SBA Express | 29.2% | 30.0% | 35.8% |
| Lines of credit | 25.0% | 22.4% | 28.1% |
| Startups | 25.0% | 23.2% | 16.1% |
| Ownership changes | 11.1% | 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.

72% of the loans were $500,000 or less, the size SBA Express covers. 29.2% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 25.0% of loans, below the national 28.1%.

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

- $50,000 or less (10%): 7
- $50,001 to $150,000 (19%): 14
- $150,001 to $350,000 (33%): 24
- $350,001 to $500,000 (10%): 7
- $500,001 to $1,000,000 (12%): 9
- $1,000,001 to $2,000,000 (7%): 5
- Over $2,000,000 (8%): 6

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

By business age, 54.2% of loans went to businesses more than two years old and 9.7% to businesses two years old or younger. Startups received 25.0% and changes of ownership 11.1%. The national startup share is 16.1%.

SBA loans in Sterling, VA by fiscal year

- FY2020: 21
- FY2021: 9
- FY2022: 18
- FY2023: 21
- FY2024: 29
- FY2025: 28
- FY2026 (through June 30): 15

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

Volume held steady from FY2024 (29 loans) to FY2025 (28), the two latest full years. The busiest full year in the file was FY2024, with 29 loans. FY2026 already shows 15 loans through June 30.

Of the 48 loans Sterling borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 1,451 jobs supported across the 72 loans since FY2024, about 20.2 per loan. SBA does not audit these estimates.

## What businesses in Sterling borrow for

Full-Service Restaurants was the largest borrower group in Sterling since FY2020, with 8 loans or 5.7% of the total.

The five largest industries made up 21% of all Sterling loans since FY2020.

**Industries with the most SBA loans in Sterling, VA, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/virginia/) | 8 | 5.7% | 4.6% |
| [Residential Remodelers](https://www.sbaexpress.loans/industries/residential-remodelers/virginia/) | 7 | 5.0% | 2.3% |
| [Beauty Salons](https://www.sbaexpress.loans/industries/beauty-salons/) | 5 | 3.5% | 1.5% |
| [Interior Design Services](https://www.sbaexpress.loans/industries/interior-design-services/) | 5 | 3.5% | 0.4% |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 5 | 3.5% | 3.3% |

Share is the percent of all Sterling 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 Sterling

The median Sterling loan was $283,600 with a median term of 10 years.

The median variable-rate loan in Sterling was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $283,600 over 10 years, principal and interest would come to about $3,709 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $150,000 | $1,962 |
| Median loan | $283,600 | $3,709 |
| 75th percentile loan | $634,225 | $8,294 |

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 $283,600 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).

Sterling loans approved since FY2024 had a median starting rate of 10.62% 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 $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 Sterling

Sterling has 7 SBA 504 loans since FY2024, with $3.4 million in SBA and CDC dollars.

The median 504 loan in Sterling was $440,000 in SBA and CDC dollars, 9% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Business Finance Group, Inc. is the one Certified Development Company (CDC) named on five or more loans, 16 since FY2020.

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

| Certified Development Company | 504 loans |
| --- | --- |
| Business Finance Group, Inc. | 16 |

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 Sterling

Sterling made up 2.4% of Virginia's SBA loans since FY2024.

Sterling 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.

- [Leesburg: 52 loans, median $250,000](https://www.sbaexpress.loans/virginia-small-business-loans/leesburg/)
- [Ashburn: 68 loans, median $242,750](https://www.sbaexpress.loans/virginia-small-business-loans/ashburn/)
- [Chantilly: 53 loans, median $325,000](https://www.sbaexpress.loans/virginia-small-business-loans/chantilly/)
- [Manassas: 85 loans, median $150,000](https://www.sbaexpress.loans/virginia-small-business-loans/manassas/)
- [Fairfax: 120 loans, median $250,000](https://www.sbaexpress.loans/virginia-small-business-loans/fairfax/)
- [Falls Church: 69 loans, median $167,000](https://www.sbaexpress.loans/virginia-small-business-loans/falls-church/)
- [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/)

## Common questions about SBA loans in Sterling

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

TD Bank leads with 10 loans in Sterling since FY2024. M&T Bank (7) and The Huntington National Bank (6) follow. Only lenders with five or more Sterling loans are counted.

### Which industries get SBA loans in Sterling?

Full-Service Restaurants leads with 8 loans in Sterling since FY2020. Residential Remodelers (7) and Beauty Salons (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)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)