Virginia Small Business Financing Authority Revenue

Special Project· VA· Unclaimed profile

Outstanding (EMMA est.)—

RatingsBBB S&P · BBB Fitch

Last filingAug 2026

Compiled from MSRB EMMA & public records · read-only public record · debt as of Sep 13, 2026 · latest trade Sep 11, 2026 · latest filing Aug 17, 2026

Credit ratings

agency-stated

S&P

BBB

24 rated securities · insured

Fitch

BBB

57 rated securities · insured

Outstanding par by rating agency and grade
Agency	Rating	Par	Share	CUSIPs
S&P	BBB	$530.6M	82.9%	18
	BBB-	$109.1M	17.1%	5
	AA	—	0.0%	1
Fitch	BBB	$1.7B	93.3%	45
	A	$124.4M	6.7%	12

Par-weighted mix of agency grades across the outstanding securities EMMA lists for this issuer; shares are of each agency’s rated par. A split usually reflects distinct liens or credits under one issuer, not disagreement about a single credit.

Maturity profile

par maturing by year · as of Sep 2026

Recent activity

rating actions & filings

Other Financial / Operating Data filed

Aug 17, 2026 · Other Financial / Operating Data: Fitch Ratings Credit Assessme…

Quarterly / Monthly Financial Information filed

Aug 17, 2026 · Quarterly / Monthly Financial Information: Quarterly Unaudited …

Quarterly / Monthly Financial Information filed

Aug 14, 2026 · Quarterly / Monthly Financial Information: Reporting Package

S&P Affirmed — A- (Stable)

Aug 13, 2026 · Hampton University, VA Series 2025 Refunding Revenue Bonds Rati…

Quarterly / Monthly Financial Information filed

Aug 12, 2026 · Quarterly / Monthly Financial Information: NSC OG Annual Certif…

Other Financial / Operating Data filed

Jul 30, 2026 · Other Financial / Operating Data: Traffic and Operating Report

In context

Among the largest VA issuers by debt outstanding · #5 of 516

Debt overview

EMMA-derived

Outstanding par (EMMA est.)—

Securities112

Callable57%

Outstanding securities

112

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Outstanding securities for Virginia Small Business Financing Authority Revenue
CUSIP	Series / description	Coupon	Maturity	Outstanding	Ratings	First call
928104QQ4	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2026	$4,205,000	—	—
928104MM7	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2027	$7,745,000	Fitch A	—
928104LF3	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS ELIZABE…	5.0%	Jan 1, 2027	$6,150,000	—	—
928104LG1	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS ELIZABE…	5.0%	Jul 1, 2027	$8,480,000	—	—
928104KK3	NPPF LN PG-FLA CARE PPTYS-B	6.5%	Aug 1, 2027	$5,000,000	—	—
928104QR2	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2027	$4,405,000	—	—
928104MN5	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2028	$8,135,000	Fitch A	Jan. 1, 2028
928104QS0	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2028	$4,605,000	—	—
928104NE4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2029	$1,430,000	S&P BBBFitch BBB	—
928104MP0	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2029	$8,540,000	Fitch A	July 1, 2027
928104NF1	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2029	$15,625,000	—	—
928104LZ9	VIRGINIA SMALL BUSINESS FING AUTH REV REF REV BDS HAM…	5.25%	Oct 1, 2029	$23,875,000	—	—
928104QT8	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2029	$4,820,000	—	—
928104MQ8	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2030	$8,970,000	Fitch A	July 1, 2027
928104NG9	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2030	$16,445,000	Fitch BBB	—
928104KL1	VAR-REF-VA ST UNIV REAL ESTATE	0.33%	Jul 1, 2030	$20,330,000	—	—
928104NH7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2030	$13,240,000	Fitch BBB	—
928104QU5	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2030	$5,000,000	—	—
928104MR6	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2031	$9,415,000	Fitch A	July 1, 2027
928104NJ3	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2031	$13,855,000	Fitch BBB	—
928104KE7	VAR-NATL CAP AREA COUNCIL	0.0%	Mar 1, 2031	$10,000,000	—	—
928104KG2	VAR-REF-VA ST UNIV REAL ESTATE	0.0%	Jul 1, 2031	$20,815,000	—	—
928104NK0	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2031	$16,050,000	Fitch BBB	—
928104QV3	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2031	$5,230,000	—	—
928104NL8	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2032	$15,280,000	Fitch BBB	—
928104PA0	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2032	$19,345,000	S&P BBBFitch BBB	—
928104LH9	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS ELIZABE…	5.25%	Jan 1, 2032	$91,795,000	—	—
928104MS4	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2032	$9,890,000	Fitch A	July 1, 2027
928104PB8	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2032	$20,170,000	S&P BBBFitch BBB	Jan. 1, 2032
928104NM6	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2032	$16,490,000	Fitch BBB	Jan. 1, 2032
928104QW1	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2032	$5,470,000	—	—
928104NN4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2033	$16,865,000	Fitch BBB	Jan. 1, 2033
928104MT2	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2033	$10,380,000	Fitch A	July 1, 2027
928104PC6	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2033	$20,585,000	S&P BBB-Fitch BBB	Jan. 1, 2032
928104NP9	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2033	$19,380,000	Fitch BBB	Jan. 1, 2032
928104PD4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2033	$21,735,000	S&P BBB-Fitch BBB	Jan. 1, 2032
928104QX9	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2033	$5,720,000	—	—
928104NQ7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2034	$19,045,000	Fitch BBB	Jan. 1, 2034
928104PE2	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2034	$22,105,000	S&P BBB-Fitch BBB	Jan. 1, 2032
928104MU9	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2034	$10,900,000	Fitch A	July 1, 2027
928104NR5	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2034	$21,305,000	Fitch BBB	July 1, 2034
928104PF9	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2034	$23,770,000	S&P BBB-Fitch BBB	Jan. 1, 2032
928104MB1	VIRGINIA SMALL BUSINESS FING AUTH REV SR LIEN REV BDS…	5.0%	Jul 1, 2034	$106,900,000	—	—
928104LM8	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS 95 EXPR…	5.0%	Jul 1, 2034	$71,690,000	Fitch BBB	—
928104QY7	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2034	$5,980,000	—	—
928104PG7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2035	$20,915,000	S&P BBB-Fitch BBB	Jan. 1, 2032
928104NS3	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2035	$21,155,000	Fitch BBB	Jan. 1, 2032
928104MV7	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	5.0%	Jan 1, 2035	$11,445,000	Fitch A	July 1, 2027
928104PH5	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2035	$21,355,000	S&P BBBFitch BBB	Jan. 1, 2032
928104NT1	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2035	$24,025,000	Fitch BBB	July 1, 2035
928104JL3	VAR-VA MUSEUM FINE ARTS FDTN	0.03%	Aug 1, 2035	$30,000,000	—	—
928104QZ4	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2035	$6,260,000	—	—
928104MW5	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2036	$12,020,000	—	July 1, 2027
928104LL0	VAR-REF-CHILDRENS HOSP KINGS	0.0%	Jan 1, 2036	—	—	—
928104KD9	VIRGINIA SMALL BUSINESS FING AUTH REV VAR REV BDS CHI…	0.0%	Jan 1, 2036	$78,000,000	—	—
928104PJ1	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2036	$25,485,000	S&P BBBFitch BBB	Jan. 1, 2032
928104NU8	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2036	$24,670,000	Fitch BBB	Jan. 1, 2036
928104PK8	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2036	$26,260,000	S&P BBBFitch BBB	Jan. 1, 2032
928104RA8	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2036	$6,540,000	—	—
928104LJ5	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS ELIZABE…	6.0%	Jan 1, 2037	$209,185,000	—	—
928104MX3	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2037	$12,500,000	Fitch A	July 1, 2027
928104NV6	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2037	$53,275,000	Fitch BBB	Jan. 1, 2037
928104PL6	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2037	$26,565,000	S&P BBBFitch BBB	Jan. 1, 2032
928104PM4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2037	$27,005,000	S&P BBBFitch BBB	Jan. 1, 2032
928104KH0	NPPF LN PG-WOODS CHARTER SCH-A	6.95%	Aug 1, 2037	$9,870,000	—	—
928104RB6	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2037	$6,845,000	—	—
928104MY1	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2038	$13,000,000	Fitch A	July 1, 2027
928104NW4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2038	$60,350,000	Fitch BBB	Jan. 1, 2032
928104PN2	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jan 1, 2038	$27,315,000	S&P BBBFitch BBB	Jan. 1, 2032
928104PY8	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jun 30, 2038	$2,800,000	—	Dec. 31, 2032
928104PP7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jul 1, 2038	$27,795,000	S&P BBBFitch BBB	Jan. 1, 2032
928104KM9	VAR-VA MUSEUM FINE ARTS FDTN	0.0%	Aug 1, 2038	$20,000,000	—	—
928104MA3	VIRGINIA SMALL BUSINESS FING AUTH REV REF REV BDS HAM…	4.0%	Oct 1, 2038	$56,840,000	—	—
928104RC4	VIRGINIA SMALL BUSINESS FING AUTH REV REF BDS HAMPTON…	5.0%	Oct 1, 2038	$7,160,000	—	—
928104KQ0	VAR-HAMPTON UNIV-SER A	0.04%	Dec 1, 2038	$70,000,000	—	—
928104PZ5	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2038	$2,800,000	—	Dec. 31, 2032
928104PQ5	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2039	$28,105,000	S&P BBBFitch BBB	Jan. 1, 2032
928104MZ8	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2039	$13,520,000	Fitch A	July 1, 2027
928104NX2	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2039	$65,320,000	Fitch BBB	Jan. 1, 2032
928104QA9	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jun 30, 2039	$2,800,000	—	Dec. 31, 2032
928104KT4	VIRGINIA SMALL BUSINESS FING AUTH REV HAMPTON RDS PRO…	9.0%	Jul 1, 2039	$48,970,000	—	—
928104PR3	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2039	$30,890,000	S&P BBBFitch BBB	Jan. 1, 2032
928104QB7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2039	$2,800,000	—	Dec. 31, 2032
928104NA2	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2040	$14,060,000	—	July 1, 2027
928104MC9	VIRGINIA SMALL BUSINESS FING AUTH REV SR LIEN REV BDS…	5.0%	Jan 1, 2040	$126,095,000	Fitch BBB	—
928104PS1	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2040	$38,290,000	S&P BBBFitch BBB	Jan. 1, 2032
928104LN6	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS 95 EXPR…	5.0%	Jan 1, 2040	$170,260,000	Fitch BBB	—
928104NY0	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2040	$69,945,000	Fitch BBB	Jan. 1, 2040
928104QC5	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jun 30, 2040	$3,735,000	—	Dec. 31, 2032
928104PT9	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2040	$6,500,000	S&P BBBFitch BBB	Jan. 1, 2032
928104QD3	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2040	$3,735,000	—	Dec. 31, 2032
928104QN1	REF-SR LIEN-ELIZABETH RIV	3.0%	Jan 1, 2041	—	S&P AA	Jan. 1, 2041
928104PU6	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2041	$8,915,000	S&P BBBFitch BBB	Jan. 1, 2032
928104NZ7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	3.0%	Jan 1, 2041	$67,805,000	Fitch BBB	Jan. 1, 2041
928104QE1	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jun 30, 2041	$7,470,000	—	Dec. 31, 2032
928104PV4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jul 1, 2041	$8,915,000	S&P BBBFitch BBB	Jan. 1, 2032
928104QF8	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2041	$7,470,000	—	Dec. 31, 2032
928104PW2	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2042	$8,910,000	S&P BBBFitch BBB	Jan. 1, 2032
928104LK2	VIRGINIA SMALL BUSINESS FING AUTH REV REV BDS ELIZABE…	5.5%	Jan 1, 2042	$320,405,000	—	—
928104QG6	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Jun 30, 2042	$10,270,000	—	Dec. 31, 2032
928104QH4	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2042	$10,270,000	—	Dec. 31, 2032
928104ME5	VIRGINIA SMALL BUSINESS FING AUTH REV SR LIEN BDS 95 …	5.0%	Jan 1, 2044	$78,600,000	—	—
928104NB0	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2045	$79,200,000	—	July 1, 2027
928104QJ0	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2047	$132,555,000	—	Dec. 31, 2032
928104PX0	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	4.0%	Jan 1, 2048	$177,355,000	S&P BBBFitch BBB	Jan. 1, 2032
928104MF2	VIRGINIA SMALL BUSINESS FING AUTH REV SR LIEN BDS 95 …	5.0%	Jul 1, 2049	$183,400,000	Fitch BBB	—
928104MD7	VIRGINIA SMALL BUSINESS FING AUTH REV TAXABLE QUALIFI…	6.5%	Jul 1, 2050	$40,000,000	—	—
928104RD2	—	—	Nov 1, 2050	—	—	—
928104ND6	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	3.375%	Jan 1, 2051	$15,000,000	—	July 1, 2030
928104NC8	VIRGINIA SMALL BUSINESS FING AUTH REV BDS NATIONAL SR…	4.0%	Jan 1, 2051	$102,765,000	—	July 1, 2027
928104QK7	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2052	$49,165,000	—	Dec. 31, 2032
928104QL5	VIRGINIA SMALL BUSINESS FING AUTH REV AMT SR LIEN REF…	5.0%	Dec 31, 2057	$62,940,000	—	Dec. 31, 2032

Market activity

EMMA · secondary trades · latest Sep 11, 2026

Each dot is a reported secondary trade — yield by trade date, sized by par, colored by trade side. Hover for detail.

Trade dateSecurityPriceYieldSizeSide

Sep 11 928104QX9 105.29 4.13% 95,000 Customer Bought

Sep 11 928104QX9 105.19 4.14% 95,000 Inter-Dealer Trade

Sep 11 928104QV3 105.05 3.89% 10,000 Customer Bought

Sep 11 928104QV3 105.05 3.89% 10,000 Inter-Dealer Trade

Sep 10 928104QX9 104.49 4.26% 50,000 Customer Sold

Sep 10 928104QX9 105.08 4.16% 180,000 Customer Sold

Trade prints reported to the MSRB — a live market signal a manual issuer page cannot show.

20 callable securities carry a stated call price — refunding candidates as rates move.

Recent rating actions

Moody's · S&P · Fitch · KBRA

S&P Hampton University, VA Series 2025 Refunding Revenue Bonds Ratings Affirmed At ‘A- ‘; Outlook Stable View Analyst Contact Informati…

Aug 13, 2026

Affirmed A- Outlook Stable

View the filing on EMMA ↗

Rating actions as disclosed by the issuer to the MSRB’s EMMA system under SEC Rule 15c2-12; the ratings are the opinions of the respective rating agencies (Moody's, S&P Global Ratings, Fitch Ratings, KBRA). Dates are the rating-action dates stated in each notice.

Virginia Small Business Financing Authority Revenue

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Debt overview

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