BB&T made 79 SBA loans in Virginia in fiscal 2013.
Small business lending across the state saw a bump in fiscal 2013, according to numbers released last week.
The Richmond District Office of the U.S. Small Business Administration approved 537 loans totaling $211.6 million in its fiscal 2013. That’s an $8 million increase from the $203 million total made in FY 2012 through 515 loans.
The top five SBA lenders in the state were BB&T, Wells Fargo, StellarOne Bank, M&T Bank and Sonabank.
BB&T again led the pack in terms of total SBA loans through the Richmond office, with 79 for a total of $15.9 million.
Wells Fargo divvied out the most money through SBA loan programs, with $32.9 million through 71 loans.
The SBA office saw a slight decline in the total amount borrowed in the four main localities of the Richmond region. A total of $48.56 million in SBA loans were approved in Chesterfield County, Hanover County, Henrico County and the City of Richmond in fiscal 2013. That was through 106 loans.
| SBA loan volume for fiscal 2013* | ||
|---|---|---|
| City/county | No. of loans | Total dollars lent |
| Chesterfield | 45 | $26,210,700 |
| Hanover | 9 | $2,838,000 |
| Henrico | 36 | $12,793,600 |
| Richmond | 16 | $6,725,000 |
| Total | 106 | $48,567,300 |
*Includes 7(a) and 504 SBA loans
In fiscal 2012, $49.51 million in loans was approved.
Businesses in Chesterfield County borrowed the most during the period: 45 loans totaling $26.21 million. A total of 36 loans for $12.79 million went to businesses in Henrico. Sixteen loans were borrowed in the city for $6.72 million. And nine loans in Hanover County totaled $2.83 million.
The SBA Richmond District Office covers all of Virginia except Arlington, Fairfax and Loudon counties, and the cities of Alexandria, Fairfax and Falls Church.
BB&T made 79 SBA loans in Virginia in fiscal 2013.
Small business lending across the state saw a bump in fiscal 2013, according to numbers released last week.
The Richmond District Office of the U.S. Small Business Administration approved 537 loans totaling $211.6 million in its fiscal 2013. That’s an $8 million increase from the $203 million total made in FY 2012 through 515 loans.
The top five SBA lenders in the state were BB&T, Wells Fargo, StellarOne Bank, M&T Bank and Sonabank.
BB&T again led the pack in terms of total SBA loans through the Richmond office, with 79 for a total of $15.9 million.
Wells Fargo divvied out the most money through SBA loan programs, with $32.9 million through 71 loans.
The SBA office saw a slight decline in the total amount borrowed in the four main localities of the Richmond region. A total of $48.56 million in SBA loans were approved in Chesterfield County, Hanover County, Henrico County and the City of Richmond in fiscal 2013. That was through 106 loans.
| SBA loan volume for fiscal 2013* | ||
|---|---|---|
| City/county | No. of loans | Total dollars lent |
| Chesterfield | 45 | $26,210,700 |
| Hanover | 9 | $2,838,000 |
| Henrico | 36 | $12,793,600 |
| Richmond | 16 | $6,725,000 |
| Total | 106 | $48,567,300 |
*Includes 7(a) and 504 SBA loans
In fiscal 2012, $49.51 million in loans was approved.
Businesses in Chesterfield County borrowed the most during the period: 45 loans totaling $26.21 million. A total of 36 loans for $12.79 million went to businesses in Henrico. Sixteen loans were borrowed in the city for $6.72 million. And nine loans in Hanover County totaled $2.83 million.
The SBA Richmond District Office covers all of Virginia except Arlington, Fairfax and Loudon counties, and the cities of Alexandria, Fairfax and Falls Church.