States › West Virginia › Monongalia County
County1st of 50 in West Virginia by approvalsFIPS 54061
SBA loans in Monongalia 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 Monongalia County, West Virginia, received 120 SBA loan approvals worth $38.2M in FY2021 to FY2025 (118 7(a), 2 504).
That is 48.4 approvals per 1,000 business establishments (2,481 establishments in 2023), above the West Virginia figure of 26.7 and above the national 41.0.
It ranks 1st of 50 West Virginia counties with approvals. In FY2025 there were 30, up 25% on FY2024.
16 lenders had approvals here; the most active were The Huntington National Bank (65), Clear Mountain Bank, Inc. (36) and Newtek Bank, National Association (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 Monongalia County
By number of approvals to businesses in the county, FY2021–FY2025; 16 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 65 | $15.3M | 54.2% | |
| 2 | Clear Mountain Bank, Inc.Bruceton Mills, WV | 36 | $9.2M | 30.0% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 3 | $1.3M | 2.5% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $700K | 2.5% | |
| 5 | Stearns Bank National AssociationSaint Cloud, MN | 2 | — | 1.7% | |
| 6 | Colony BankFitzgerald, GA | 1 | — | 0.8% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 1 | — | 0.8% | |
| 8 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 0.8% | |
| 9 | Regional Development Funding CorporationPittsburgh, PA · CDC | 1 | — | 0.8% | |
| 10 | T Bank, National AssociationDallas, TX | 1 | — | 0.8% | |
| 11 | Business Finance Group, Inc.Fairfax, VA · CDC | 1 | — | 0.8% | |
| 12 | MVB Bank, Inc.Fairmont, WV | 1 | — | 0.8% | |
| 13 | Northeast BankLewiston, ME | 1 | — | 0.8% | |
| 14 | Citizens Bank of West Virginia, IncElkins, WV | 1 | — | 0.8% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 1 | — | 0.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 16.7% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 7 | 5.8% | |
| 3 | Personal Care ServicesNAICS 8121 | 7 | 5.8% | |
| 4 | Residential Building ConstructionNAICS 2361 | 5 | 4.2% | |
| 5 | Other Personal ServicesNAICS 8129 | 5 | 4.2% | |
| 6 | Offices of PhysiciansNAICS 6211 | 4 | 3.3% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 4 | 3.3% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.3% | |
| 9 | Legal ServicesNAICS 5411 | 4 | 3.3% | |
| 10 | Advertising, Public Relations, and Related ServicesNAICS 5418 | 3 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 21 | 17.5% | |
| 2 | Other Services (except Public Administration) | 20 | 16.7% | |
| 3 | Health Care and Social Assistance | 19 | 15.8% | |
| 4 | Professional, Scientific, and Technical Services | 12 | 10.0% | |
| 5 | Construction | 11 | 9.2% | |
| 6 | Manufacturing | 8 | 6.7% | |
| 7 | Retail Trade | 7 | 5.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 6 | 5.0% |
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* | 9 | $976K | $50K | 0 | — | 9 | 50 |
| FY2025 | 29 | $7.7M | $123K | 1 | — | 30 | 324 |
| FY2024 | 23 | $10.5M | $50K | 1 | — | 24 | 158 |
| FY2023 | 21 | $3.5M | $50K | 0 | — | 21 | 96 |
| FY2022 | 16 | $5.9M | $95K | 0 | — | 16 | 158 |
| FY2021 | 29 | $9.8M | $161K | 0 | — | 29 | 180 |
| FY2020 | 61 | $15.9M | $120K | 0 | — | 61 | 286 |
| FY2019 | 18 | $4.3M | $128K | 0 | — | 18 | 168 |
| FY2018 | 19 | $6.7M | $64K | 0 | — | 19 | 159 |
| FY2017 | 20 | $4.5M | $56K | 0 | — | 20 | 138 |
| FY2016 | 11 | $857K | $50K | 1 | — | 12 | 80 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 130 approvals.
Against West Virginia and the country
| FY2021–FY2025 | Monongalia County | West Virginia | United States |
|---|---|---|---|
| Approvals | 120 | 958 | 342,825 |
| Approvals per 1,000 establishments | 48.4 | 26.7 | 41.0 |
| Median 7(a) approval | $100K | $115K | $190K |
| Median 504 approval | — | $438K | $657K |
| Average approval | $318K | $398K | $573K |
| 504 share of approvals | 1.7% | 2.4% | 11.0% |
| Jobs supported per approval, as reported | 7.6 | 9.1 | 10.5 |
| Share of state approvals | 12.5% | 100.0% | — |
Approval sizes
- $50,000 or less34.2%41
- $50,001 to $150,00026.7%32
- $150,001 to $350,00014.2%17
- $350,001 to $1 million16.7%20
- $1 million to $2 million6.7%8
- Over $2 million1.7%2
Age of the businesses
- Existing, more than 2 years old56.7%68
- New business, 2 years or less22.5%27
- Startup, loan funds will open the business16.7%20
- Change of ownership4.2%5
Questions and answers
Which lenders make the most SBA loans in Monongalia County?
By approvals in FY2021 to FY2025: The Huntington National Bank (65), Clear Mountain Bank, Inc. (36), Newtek Bank, National Association (3), Readycap Lending, LLC (3), Stearns Bank National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Monongalia County?
The median 7(a) approval was $100K; the West Virginia 7(a) median was $115K.
Which industries get the most SBA loans in Monongalia County?
Restaurants and Other Eating Places (20); Offices of Other Health Practitioners (7); Personal Care Services (7); Residential Building Construction (5); Other Personal Services (5).
Is SBA lending in Monongalia County rising?
Approvals in the three latest complete fiscal years total 75, against 106 in the three before: falling (-29%).
How does Monongalia County compare with the rest of West Virginia?
48.4 approvals per 1,000 establishments against 26.7 statewide, and 120 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