First Community Bank (VA): SBA Lending Record
What SBA's own loan files show about First Community Bank (VA) as an SBA lender, and how a lender's record bears on a feasibility study.
First Community Bank (VA): the SBA record
406 loans carry First Community Bank (VA) as holder across FY2017 to FY2026: $138.5 million gross. First Community Bank (VA) is recorded by SBA in Virginia. All 406 loans are holdings: First Community Bank (VA) holds or last held each, per SBA. 406 loans belong to SBA 7(a). First Community Bank (VA) has 0 under SBA 504. First Community Bank (VA)'s FY2026 is a complete fiscal year. $138.5 million gross across 406 loans is the scale of First Community Bank (VA)'s record. The 406 loans carry SBA's guarantee and not First Community Bank (VA)'s, so no policy shows here.
321 of First Community Bank (VA)'s 406 loans have no named class. First Community Bank (VA)'s class table reads: Limited-service restaurant (14); Self storage at 9; Full-service restaurant, 9; Gas station and truck stop at 8; RV park and campground at 8; Automotive mechanical repair (car and truck) at 6; Beverage manufacturing (breweries, wineries, distilleries) (5); Fitness center at 5; Beauty salon (5). Of 406 loans, 321 are unclassed and 14 are Limited-service restaurant. First Community Bank (VA)'s classes describe part of 406. 9 Self storage loans trail 14 Limited-service restaurant at First Community Bank (VA).
First Community Bank (VA) by state
First Community Bank (VA)'s state table reads: North Carolina at 261; Virginia, 91; West Virginia (45). First Community Bank (VA) is recorded in Virginia, which does not head this table. North Carolina alone holds 261 of First Community Bank (VA)'s 406 loans. First Community Bank (VA)'s table maps 406 loans, no boundary for sites beyond North Carolina.
First Community Bank (VA): the floors
The floor is 10.5%: cancellations after approval, FY2017 to FY2024, at First Community Bank (VA). Ceiling 10.5%, identical to the floor. The floor, 0.00%, comes from 134 loans disbursed in FY2017 to FY2021. 0.00% by year five after approval. 0.00% floor: SBA records no charge-off among 134 loans to date. First Community Bank (VA) shows 10.5% cancelled, so approval is not funding. 134 loans, 0.00% charged off: cash must keep flowing. For First Community Bank (VA), test one is site demand. For First Community Bank (VA), test two is full project cost. At First Community Bank (VA), test three is debt service coverage. At First Community Bank (VA), test four is the appraisal.
First Community Bank (VA)'s record shows a lender 406 loans and $138.5 million gross. First Community Bank (VA)'s file hands a borrower 406 holdings and no terms. Nothing in First Community Bank (VA)'s 406 loans predicts its answer to a request. 14 Limited-service restaurant loans come first. First Community Bank (VA) shows holdings and little else. A study brought to First Community Bank (VA) stands alone. The record stops at 406 loans held by First Community Bank (VA).
SBA loans held by First Community Bank (VA)
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 406 |
|---|---|
| Gross dollars approved | $138.5 million |
| SBA 7(a) loans | 406 |
| SBA 504 loans | 0 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 10.5% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 10.5% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 0.00% |
| Charged off within five years of approval | 0.00% |
| Loans in that cohort | 134 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 321 |
| Limited-service restaurant | 14 |
| Self storage | 9 |
| Full-service restaurant | 9 |
| Gas station and truck stop | 8 |
| RV park and campground | 8 |
| Automotive mechanical repair (car and truck) | 6 |
| Beverage manufacturing (breweries, wineries, distilleries) | 5 |
| Fitness center | 5 |
| Beauty salon | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| North Carolina | 261 |
| Virginia | 91 |
| West Virginia | 45 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-13012.
Related feasibility study pages
- SBA Lender Feasibility Study Data
- SBA feasibility study consultant
- TowneBank: SBA Lending Record
- Business Finance Group, Inc.: SBA Lending Record
- Capital One National Association: SBA Lending Record
- 504 Capital Corporation: SBA Lending Record
- Atlantic Union Bank: SBA Lending Record
- The First Bank and Trust Company: SBA Lending Record
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