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County2nd of 50 in West Virginia by approvalsFIPS 54039
SBA loans in Kanawha 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 Kanawha County, West Virginia, received 93 SBA loan approvals worth $44.4M in FY2021 to FY2025 (91 7(a), 2 504).
That is 21.2 approvals per 1,000 business establishments (4,396 establishments in 2023), below the West Virginia figure of 26.7 and below the national 41.0.
It ranks 2nd of 50 West Virginia counties with approvals. In FY2025 there were 24, up 9% on FY2024.
19 lenders had approvals here; the most active were The Huntington National Bank (55), Fifth Third Bank (7) and Northeast Bank (4). The most common industry was offices of other health practitioners.
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 Kanawha County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 55 | $11.0M | 59.1% | |
| 2 | Fifth Third BankCincinnati, OH | 7 | $7.4M | 7.5% | |
| 3 | Northeast BankLewiston, ME | 4 | $850K | 4.3% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 3 | $2.5M | 3.2% | |
| 5 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 3 | $1.6M | 3.2% | |
| 6 | Community Trust Bank, Inc.Pikeville, KY | 3 | $1.4M | 3.2% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 3 | $450K | 3.2% | |
| 8 | Business Finance Group, Inc.Fairfax, VA · CDC | 2 | — | 2.2% | |
| 9 | First-Citizens Bank & Trust CompanyRaleigh, NC | 2 | — | 2.2% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.2% | |
| 11 | Millennium BankDes Plaines, IL | 1 | — | 1.1% | |
| 12 | GBankLas Vegas, NV | 1 | — | 1.1% | |
| 13 | Incommons Bank NAMexia, TX | 1 | — | 1.1% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.1% | |
| 15 | Clear Mountain Bank, Inc.Bruceton Mills, WV | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 12 | 12.9% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 8 | 8.6% | |
| 3 | Personal Care ServicesNAICS 8121 | 6 | 6.5% | |
| 4 | Traveler AccommodationNAICS 7211 | 5 | 5.4% | |
| 5 | Residential Building ConstructionNAICS 2361 | 4 | 4.3% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 4.3% | |
| 7 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 4 | 4.3% | |
| 8 | Offices of PhysiciansNAICS 6211 | 3 | 3.2% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.2% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 19 | 20.4% | |
| 2 | Health Care and Social Assistance | 16 | 17.2% | |
| 3 | Other Services (except Public Administration) | 15 | 16.1% | |
| 4 | Accommodation and Food Services | 9 | 9.7% | |
| 5 | Professional, Scientific, and Technical Services | 9 | 9.7% | |
| 6 | Retail Trade | 7 | 7.5% | |
| 7 | Finance and Insurance | 5 | 5.4% | |
| 8 | Educational Services | 4 | 4.3% |
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* | 15 | $8.8M | $250K | 0 | — | 15 | 145 |
| FY2025 | 23 | $5.0M | $100K | 1 | — | 24 | 208 |
| FY2024 | 22 | $8.3M | $88K | 0 | — | 22 | 212 |
| FY2023 | 15 | $10.3M | $150K | 1 | — | 16 | 220 |
| FY2022 | 20 | $12.4M | $272K | 0 | — | 20 | 189 |
| FY2021 | 11 | $2.6M | $91K | 0 | — | 11 | 145 |
| FY2020 | 22 | $5.8M | $100K | 0 | — | 22 | 156 |
| FY2019 | 18 | $12.3M | $177K | 0 | — | 18 | 169 |
| FY2018 | 21 | $7.0M | $171K | 0 | — | 21 | 294 |
| FY2017 | 12 | $7.2M | $48K | 1 | — | 13 | 154 |
| FY2016 | 14 | $5.5M | $167K | 0 | — | 14 | 231 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 88 approvals.
Against West Virginia and the country
| FY2021–FY2025 | Kanawha County | West Virginia | United States |
|---|---|---|---|
| Approvals | 93 | 958 | 342,825 |
| Approvals per 1,000 establishments | 21.2 | 26.7 | 41.0 |
| Median 7(a) approval | $100K | $115K | $190K |
| Median 504 approval | — | $438K | $657K |
| Average approval | $477K | $398K | $573K |
| 504 share of approvals | 2.2% | 2.4% | 11.0% |
| Jobs supported per approval, as reported | 10.5 | 9.1 | 10.5 |
| Share of state approvals | 9.7% | 100.0% | — |
Approval sizes
- $50,000 or less32.3%30
- $50,001 to $150,00029.0%27
- $150,001 to $350,00012.9%12
- $350,001 to $1 million11.8%11
- $1 million to $2 million5.4%5
- Over $2 million8.6%8
Age of the businesses
- Existing, more than 2 years old66.7%62
- New business, 2 years or less12.9%12
- Startup, loan funds will open the business15.1%14
- Change of ownership5.4%5
Questions and answers
Which lenders make the most SBA loans in Kanawha County?
By approvals in FY2021 to FY2025: The Huntington National Bank (55), Fifth Third Bank (7), Northeast Bank (4), Live Oak Banking Company (3), Gulf Coast Bank and Trust Company (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kanawha County?
The median 7(a) approval was $100K; the West Virginia 7(a) median was $115K.
Which industries get the most SBA loans in Kanawha County?
Offices of Other Health Practitioners (12); Building Equipment Contractors (8); Personal Care Services (6); Traveler Accommodation (5); Residential Building Construction (4).
Is SBA lending in Kanawha County rising?
Approvals in the three latest complete fiscal years total 62, against 53 in the three before: rising (+17%).
How does Kanawha County compare with the rest of West Virginia?
21.2 approvals per 1,000 establishments against 26.7 statewide, and 93 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