States › West Virginia › Cabell County
County4th of 50 in West Virginia by approvalsFIPS 54011
SBA loans in Cabell County, West Virginia
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Cabell County, West Virginia, received 64 SBA loan approvals worth $23.4M in FY2021 to FY2025 (64 7(a), 0 504).
That is 27.5 approvals per 1,000 business establishments (2,331 establishments in 2023), close to the West Virginia figure of 26.7 and below the national 41.0.
It ranks 4th of 50 West Virginia counties with approvals. In FY2025 there were 11, down 31% on FY2024.
15 lenders had approvals here; the most active were The Huntington National Bank (38), Community Trust Bank, Inc. (6) and First Western SBLC, LLC (3). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Cabell County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 38 | $3.8M | 59.4% | |
| 2 | Community Trust Bank, Inc.Pikeville, KY | 6 | $1.1M | 9.4% | |
| 3 | First Western SBLC, LLCDallas, TX | 3 | $6.3M | 4.7% | |
| 4 | Peoples BankMarietta, OH | 3 | $1.2M | 4.7% | |
| 5 | GBankLas Vegas, NV | 2 | — | 3.1% | |
| 6 | First Bank of the LakeOsage Beach, MO | 2 | — | 3.1% | |
| 7 | Northeast BankLewiston, ME | 2 | — | 3.1% | |
| 8 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 1.6% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.6% | |
| 10 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 1.6% | |
| 11 | Citizens BankElizabethton, TN | 1 | — | 1.6% | |
| 12 | Fifth Third BankCincinnati, OH | 1 | — | 1.6% | |
| 13 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 1.6% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.6% | |
| 15 | Newtek Bank, National AssociationMiami, FL | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 10.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 5 | 7.8% | |
| 3 | Personal Care ServicesNAICS 8121 | 5 | 7.8% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 4 | 6.3% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 6.3% | |
| 6 | General Freight TruckingNAICS 4841 | 4 | 6.3% | |
| 7 | Building Material and Supplies DealersNAICS 4441 | 3 | 4.7% | |
| 8 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 3 | 4.7% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 2 | 3.1% | |
| 10 | Clothing and Clothing Accessories RetailersNAICS 4581 | 2 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 18.8% | |
| 2 | Retail Trade | 11 | 17.2% | |
| 3 | Health Care and Social Assistance | 8 | 12.5% | |
| 4 | Other Services (except Public Administration) | 7 | 10.9% | |
| 5 | Construction | 5 | 7.8% | |
| 6 | Manufacturing | 5 | 7.8% | |
| 7 | Arts, Entertainment, and Recreation | 4 | 6.3% | |
| 8 | Transportation and Warehousing | 4 | 6.3% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 5 | $3.3M | $125K | 0 | — | 5 | 42 |
| FY2025 | 11 | $5.2M | $50K | 0 | — | 11 | 67 |
| FY2024 | 16 | $7.7M | $145K | 0 | — | 16 | 83 |
| FY2023 | 18 | $4.4M | $53K | 0 | — | 18 | 96 |
| FY2022 | 7 | $2.5M | $50K | 0 | — | 7 | 36 |
| FY2021 | 12 | $3.6M | $100K | 0 | — | 12 | 191 |
| FY2020 | 10 | $1.3M | $56K | 1 | — | 11 | 117 |
| FY2019 | 9 | $2.5M | $51K | 0 | — | 9 | 70 |
| FY2018 | 2 | — | — | 0 | — | 2 | 18 |
| FY2017 | 11 | $3.2M | $133K | 0 | — | 11 | 222 |
| FY2016 | 11 | $1.6M | $55K | 0 | — | 11 | 61 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 44 approvals.
Against West Virginia and the country
| FY2021–FY2025 | Cabell County | West Virginia | United States |
|---|---|---|---|
| Approvals | 64 | 958 | 342,825 |
| Approvals per 1,000 establishments | 27.5 | 26.7 | 41.0 |
| Median 7(a) approval | $100K | $115K | $190K |
| Median 504 approval | — | $438K | $657K |
| Average approval | $366K | $398K | $573K |
| 504 share of approvals | 0.0% | 2.4% | 11.0% |
| Jobs supported per approval, as reported | 7.4 | 9.1 | 10.5 |
| Share of state approvals | 6.7% | 100.0% | — |
Approval sizes
- $50,000 or less45.3%29
- $50,001 to $150,00020.3%13
- $150,001 to $350,0009.4%6
- $350,001 to $1 million12.5%8
- $1 million to $2 million7.8%5
- Over $2 million4.7%3
Age of the businesses
- Existing, more than 2 years old48.4%31
- New business, 2 years or less14.1%9
- Startup, loan funds will open the business18.8%12
- Change of ownership18.8%12
Questions and answers
Which lenders make the most SBA loans in Cabell County?
By approvals in FY2021 to FY2025: The Huntington National Bank (38), Community Trust Bank, Inc. (6), First Western SBLC, LLC (3), Peoples Bank (3), GBank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cabell County?
The median 7(a) approval was $100K; the West Virginia 7(a) median was $115K.
Which industries get the most SBA loans in Cabell County?
Restaurants and Other Eating Places (7); Traveler Accommodation (5); Personal Care Services (5); Offices of Other Health Practitioners (4); Other Amusement and Recreation Industries (4).
Is SBA lending in Cabell County rising?
Approvals in the three latest complete fiscal years total 45, against 30 in the three before: rising (+50%).
How does Cabell County compare with the rest of West Virginia?
27.5 approvals per 1,000 establishments against 26.7 statewide, and 64 of the state's 958 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error