VA · NAICS sector 23 · 65 financed acquisitions
$101MCapital deployed
Construction in Virginia
65 construction businesses in Virginia were bought with SBA 7(a) acquisition financing since FY2019, carrying $101M of bank debt. The median deal was financed with $983,400 over 10 years at 8.25%.
Volume and price
What construction businesses in Virginia financed by an SBA 7(a) acquisition loan actually cost, and how many of them there were.
Source: SBA 7(a) FOIA loan-level extract, change-of-ownership approvals, FY2019 onward. Data as of 30 June 2026. n = 65 financed acquisitions.
| Size band | Acquisitions | Share |
|---|---|---|
| Under $250k | 10 | 15.4% |
| $250k to $500k | 5 | 7.7% |
| $500k to $1M | 18 | 27.7% |
| $1M to $2M | 13 | 20.0% |
| $2M to $3.5M | 10 | 15.4% |
| $3.5M to $5M | 7 | 10.8% |
| $5M and above | 2 | 3.1% |
| All | 65 | 100.0% |
The 7(a) programme caps a single loan at $5M, so the top band is a ceiling of the instrument, not of the market. Deals above it are financed conventionally and do not appear in this file at all.
How the paper was structured
Loan terms here are not spread smoothly. They spike at exactly ten years and again at exactly twenty-five, with very little in between. Those two points are the programme's maturity ceilings, and which one applies depends on what secures the loan, so a term running past ten years indicates real property was financed alongside the business.
| Term | What it indicates | Acquisitions | Share |
|---|---|---|---|
| Under 10 years | Shorter than the goodwill maximum | 6 | 9.2% |
| Exactly 10 years | The standard goodwill-only note | 45 | 69.2% |
| 10 to 20 years | Mixed collateral | 8 | 12.3% |
| 20 years and over | Real property financed with the business | 6 | 9.2% |
69.2% of loans here run exactly ten years and 9.2% run twenty years or more. n = 65 loans with a recorded term.
What happened next
Two outcomes are visible in the file: approvals that never funded, and funded loans that later charged off. Both are facts about deals, not forecasts.
The charge-off share is cumulative as of 30 June 2026 for loans approved in FY2019-FY2021. Those loans are five to seven years into terms that are usually ten years, so the figure is a floor and the lifetime rate will be higher. It is not comparable to a rate computed over a fully matured cohort, and the site does not publish one for later years for that reason.
By fiscal year
* FY2026 is incomplete. The extract closes 30 June 2026, nine months into a fiscal year that ends 30 September, and some FY2026 approvals have not yet disbursed. Do not read the last column as a decline.
Inside this cross-section
| Industry group | Acquisitions | Share |
|---|---|---|
| 2389 Other Specialty Trade Contractors | 22 | 33.8% |
| 2382 Building Equipment Contractors | 16 | 24.6% |
| 2361 Residential Building Construction | 9 | 13.8% |
| 2383 Building Finishing Contractors | 8 | 12.3% |
| 2381 Foundation, Structure, and Building Exterior Contractors | 8 | 12.3% |
| 2362 Nonresidential Building Construction | 2 | 3.1% |
| County | Acquisitions | Share |
|---|---|---|
| Henrico | 10 | 15.4% |
| Chesterfield | 6 | 9.2% |
| Fairfax | 6 | 9.2% |
| Loudoun | 6 | 9.2% |
| Hanover | 4 | 6.2% |
| Richmond City | 3 | 4.6% |
| Virginia Beach City | 3 | 4.6% |
| Charlottesville City | 3 | 4.6% |
| Lender | Acquisitions | Share |
|---|---|---|
| The Huntington National Bank | 9 | 13.8% |
| Live Oak Banking Company | 8 | 12.3% |
| TowneBank | 7 | 10.8% |
| First National Bank of Pennsylvania | 4 | 6.2% |
| Fulton Bank | 4 | 6.2% |
| Capital Bank | 3 | 4.6% |
| HomeTrust Bank | 3 | 4.6% |
| Bank of Clarke | 3 | 4.6% |
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