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County11th of 50 in West Virginia by approvalsFIPS 54069
SBA loans in Ohio 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 Ohio County, West Virginia, received 31 SBA loan approvals worth $17.1M in FY2021 to FY2025 (28 7(a), 3 504).
That is 23.5 approvals per 1,000 business establishments (1,320 establishments in 2023), close to the West Virginia figure of 26.7 and below the national 41.0.
It ranks 11th of 50 West Virginia counties with approvals. In FY2025 there were 4.
12 lenders had approvals here; the most active were The Huntington National Bank (12), Regional Development Funding Corporation (3) and WesBanco Bank, Inc. (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 Ohio 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 | 12 | $1.5M | 38.7% | |
| 2 | Regional Development Funding CorporationPittsburgh, PA · CDC | 3 | $5.2M | 9.7% | |
| 3 | WesBanco Bank, Inc.Wheeling, WV | 3 | $2.0M | 9.7% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 3 | $390K | 9.7% | |
| 5 | Northwest BankWarren, PA | 2 | — | 6.5% | |
| 6 | PNC Bank, National AssociationWilmington, DE | 2 | — | 6.5% | |
| 7 | First National Bank of MichiganKalamazoo, MI | 1 | — | 3.2% | |
| 8 | First Merchants BankIndianapolis, IN | 1 | — | 3.2% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.2% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 3.2% | |
| 11 | Northeast BankLewiston, ME | 1 | — | 3.2% | |
| 12 | CDC Small Business Finance Corp.San Diego, CA | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 9.7% | |
| 2 | Personal Care ServicesNAICS 8121 | 3 | 9.7% | |
| 3 | Electrical Equipment ManufacturingNAICS 3353 | 2 | 6.5% | |
| 4 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 2 | 6.5% | |
| 5 | Offices of DentistsNAICS 6212 | 2 | 6.5% | |
| 6 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 2 | 6.5% | |
| 7 | Business Support ServicesNAICS 5614 | 2 | 6.5% | |
| 8 | Traveler AccommodationNAICS 7211 | 1 | 3.2% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 1 | 3.2% | |
| 10 | Bakeries and Tortilla ManufacturingNAICS 3118 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 7 | 22.6% | |
| 2 | Retail Trade | 5 | 16.1% | |
| 3 | Accommodation and Food Services | 4 | 12.9% | |
| 4 | Manufacturing | 3 | 9.7% | |
| 5 | Health Care and Social Assistance | 3 | 9.7% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 3 | 9.7% | |
| 7 | Arts, Entertainment, and Recreation | 1 | 3.2% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 1 | 3.2% |
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 | 6 |
| FY2025 | 3 | $5.3M | $263K | 1 | — | 4 | 58 |
| FY2024 | 8 | $2.7M | $100K | 1 | — | 9 | 84 |
| FY2023 | 6 | $1.3M | $129K | 0 | — | 6 | 116 |
| FY2022 | 7 | $1.6M | $150K | 1 | — | 8 | 47 |
| FY2021 | 4 | $1.0M | $204K | 0 | — | 4 | 101 |
| FY2020 | 5 | $2.2M | $325K | 0 | — | 5 | 36 |
| FY2019 | 2 | — | — | 0 | — | 2 | 12 |
| FY2018 | 1 | — | — | 0 | — | 1 | 52 |
| FY2017 | 4 | $209K | $63K | 0 | — | 4 | 82 |
| FY2016 | 4 | $372K | $63K | 0 | — | 4 | 6 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 16 approvals.
Against West Virginia and the country
| FY2021–FY2025 | Ohio County | West Virginia | United States |
|---|---|---|---|
| Approvals | 31 | 958 | 342,825 |
| Approvals per 1,000 establishments | 23.5 | 26.7 | 41.0 |
| Median 7(a) approval | $150K | $115K | $190K |
| Median 504 approval | $966K | $438K | $657K |
| Average approval | $552K | $398K | $573K |
| 504 share of approvals | 9.7% | 2.4% | 11.0% |
| Jobs supported per approval, as reported | 13.1 | 9.1 | 10.5 |
| Share of state approvals | 3.2% | 100.0% | — |
Approval sizes
- $50,000 or less25.8%8
- $50,001 to $150,00029.0%9
- $150,001 to $350,00016.1%5
- $350,001 to $1 million16.1%5
- $1 million to $2 million6.5%2
- Over $2 million6.5%2
Age of the businesses
- Existing, more than 2 years old51.6%16
- New business, 2 years or less6.5%2
- Startup, loan funds will open the business29.0%9
- Change of ownership12.9%4
Questions and answers
Which lenders make the most SBA loans in Ohio County?
By approvals in FY2021 to FY2025: The Huntington National Bank (12), Regional Development Funding Corporation (3), WesBanco Bank, Inc. (3), BayFirst National Bank (3), Northwest Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Ohio County?
The median 7(a) approval was $150K and the median 504 approval $966K; the West Virginia 7(a) median was $115K.
Which industries get the most SBA loans in Ohio County?
Restaurants and Other Eating Places (3); Personal Care Services (3); Electrical Equipment Manufacturing (2); Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (2); Offices of Dentists (2).
Is SBA lending in Ohio County rising?
Approvals in the three latest complete fiscal years total 19, against 17 in the three before: rising (+12%).
How does Ohio County compare with the rest of West Virginia?
23.5 approvals per 1,000 establishments against 26.7 statewide, and 31 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