VIRGINIA · NAICS 713930
Virginia marina and boat storage deals run on the Chesapeake Bay, the largest estuary in the country, anchoring one of the deepest boating economies on the East Coast from the Northern Neck through Hampton Roads. Lender packages require feasibility studies with an industry-experienced going-concern appraiser and elevated equity.
FEASIBILITY TRIGGER
Marinas are on the SOP 50 10 8 special-purpose list; a third-party study is normally required with an industry-experienced going-concern appraiser and elevated equity.
SBA 7(a) and 504 lenders funded 13 marina and boat storage projects across Virginia between FY2010 and FY2026, moving $18.3 million in approved capital at an average ticket of $1.4 million. That volume places Virginia at #10 of 38 states measured for marina and boat storage SBA activity, or 4.5% of national marina and boat storage dollars. The 7(a) program carried 76.9% of the loan count, with 504 taking the balance, and 2 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 13 |
| Approved volume | $18.3 million |
| Average loan size | $1.4 million |
| 7(a) share | 76.9% |
| Approvals since FY2024 | 2 |
| State rank by loan count | #10 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned marina and boat storage loans (approvals FY2010–FY2021) show an adverse-resolution rate of 3.0%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 3.0%, close to the national marina and boat storage benchmark of 3.0%, puts Virginia deals in this class on ordinary SBA credit footing. Across 13 loans averaging $1.4 million, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Virginia marinas and boat storage project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Virginia projects often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, decisive in Northern Virginia and Hampton Roads land markets. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The Chesapeake Bay, the largest estuary in the country, anchors one of the deepest boating economies on the East Coast from the Northern Neck through Hampton Roads.
For a national view of this asset class, see our marina and boat storage SBA feasibility overview, and read our related analysis in the marina and boat storage lending research on our blog.
Compare neighboring markets: Texas, Washington.
Public SBA and CDC program records, cited as program evidence
Anonymized SBA 504 program record published by 504 Capital Corporation
Chesapeake-based CDC serving Virginia, Maryland, DC, and North Carolina, anonymized program record
Virginia
Anonymized SBA 504 program record published by 504 Capital Corporation
Anonymized program record
Virginia
SBA 504 acquisition through PeopleFund
Lakefront resort and marina, national program evidence
Sunrise Beach, Llano County, Texas
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
Book a MeetingOur SBA feasibility study consultants prepare storage and vehicle storage studies for lenders, CDCs and sponsors. See pricing, methodology or request a fixed fee quote.
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