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County6th of 50 in West Virginia by approvalsFIPS 54049
SBA loans in Marion 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.
SBA approved 50 loans to businesses in Marion County, West Virginia, in FY2021 to FY2025, worth $13.9M: 50 under 7(a) and 0 under 504.
That is 44.9 approvals per 1,000 business establishments (1,114 establishments in 2023), above the West Virginia figure of 26.7 and close to the national 41.0.
It ranks 6th of 50 West Virginia counties with approvals. In FY2025 there were 11.
12 lenders had approvals here; the most active were The Huntington National Bank (35), Clear Mountain Bank, Inc. (3) and Peoples Bank (2). The most common industry was residential building construction.
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 Marion County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 35 | $5.0M | 70.0% | |
| 2 | Clear Mountain Bank, Inc.Bruceton Mills, WV | 3 | $144K | 6.0% | |
| 3 | Peoples BankMarietta, OH | 2 | — | 4.0% | |
| 4 | The Citizens Bank of WestonWeston, WV | 2 | — | 4.0% | |
| 5 | GBankLas Vegas, NV | 1 | — | 2.0% | |
| 6 | First Western SBLC, LLCDallas, TX | 1 | — | 2.0% | |
| 7 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.0% | |
| 8 | Citizens Bank of West Virginia, IncElkins, WV | 1 | — | 2.0% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.0% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.0% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.0% | |
| 12 | Freedom Bank IncPhilippi, WV | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 7 | 14.0% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 5 | 10.0% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.0% | |
| 4 | General Freight TruckingNAICS 4841 | 3 | 6.0% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 3 | 6.0% | |
| 6 | Traveler AccommodationNAICS 7211 | 2 | 4.0% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 4.0% | |
| 8 | Nursing Care Facilities (Skilled Nursing Facilities)NAICS 6231 | 2 | 4.0% | |
| 9 | Child Day Care ServicesNAICS 6244 | 2 | 4.0% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 2 | 4.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 11 | 22.0% | |
| 2 | Health Care and Social Assistance | 8 | 16.0% | |
| 3 | Retail Trade | 6 | 12.0% | |
| 4 | Accommodation and Food Services | 5 | 10.0% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 5 | 10.0% | |
| 6 | Professional, Scientific, and Technical Services | 4 | 8.0% | |
| 7 | Transportation and Warehousing | 3 | 6.0% | |
| 8 | Wholesale Trade | 2 | 4.0% |
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* | 1 | — | — | 0 | — | 1 | 15 |
| FY2025 | 11 | $1.7M | $90K | 0 | — | 11 | 127 |
| FY2024 | 8 | $1.2M | $48K | 0 | — | 8 | 26 |
| FY2023 | 10 | $4.9M | $55K | 0 | — | 10 | 32 |
| FY2022 | 8 | $729K | $53K | 0 | — | 8 | 61 |
| FY2021 | 13 | $5.4M | $35K | 0 | — | 13 | 97 |
| FY2020 | 11 | $7.1M | $35K | 0 | — | 11 | 51 |
| FY2019 | 4 | $160K | $38K | 0 | — | 4 | 19 |
| FY2018 | 7 | $744K | $27K | 0 | — | 7 | 58 |
| FY2017 | 4 | $782K | $92K | 0 | — | 4 | 18 |
| FY2016 | 9 | $3.7M | $132K | 0 | — | 9 | 130 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 35 approvals.
Against West Virginia and the country
| FY2021–FY2025 | Marion County | West Virginia | United States |
|---|---|---|---|
| Approvals | 50 | 958 | 342,825 |
| Approvals per 1,000 establishments | 44.9 | 26.7 | 41.0 |
| Median 7(a) approval | $53K | $115K | $190K |
| Median 504 approval | — | $438K | $657K |
| Average approval | $278K | $398K | $573K |
| 504 share of approvals | 0.0% | 2.4% | 11.0% |
| Jobs supported per approval, as reported | 6.9 | 9.1 | 10.5 |
| Share of state approvals | 5.2% | 100.0% | — |
Approval sizes
- $50,000 or less48.0%24
- $50,001 to $150,00024.0%12
- $150,001 to $350,00014.0%7
- $350,001 to $1 million8.0%4
- $1 million to $2 million2.0%1
- Over $2 million4.0%2
Age of the businesses
- Existing, more than 2 years old64.0%32
- New business, 2 years or less12.0%6
- Startup, loan funds will open the business14.0%7
- Change of ownership10.0%5
Questions and answers
Which lenders make the most SBA loans in Marion County?
By approvals in FY2021 to FY2025: The Huntington National Bank (35), Clear Mountain Bank, Inc. (3), Peoples Bank (2), The Citizens Bank of Weston (2), GBank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Marion County?
The median 7(a) approval was $53K; the West Virginia 7(a) median was $115K.
Which industries get the most SBA loans in Marion County?
Residential Building Construction (7); Services to Buildings and Dwellings (5); Restaurants and Other Eating Places (3); General Freight Trucking (3); Offices of Other Health Practitioners (3).
Is SBA lending in Marion County rising?
Approvals in the three latest complete fiscal years total 29, against 32 in the three before: broadly level (-9%).
How does Marion County compare with the rest of West Virginia?
44.9 approvals per 1,000 establishments against 26.7 statewide, and 50 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