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County8th of 50 in West Virginia by approvalsFIPS 54107
SBA loans in Wood 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 Wood County, West Virginia, received 41 SBA loan approvals worth $27.9M in FY2021 to FY2025 (41 7(a), 0 504).
That is 21.6 approvals per 1,000 business establishments (1,901 establishments in 2023), below the West Virginia figure of 26.7 and below the national 41.0.
It ranks 8th of 50 West Virginia counties with approvals. In FY2025 there were 7, down 46% on FY2024.
10 lenders had approvals here; the most active were The Huntington National Bank (20), Peoples Bank (10) and US Metro Bank (2). The most common industry was traveler accommodation.
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 Wood County
By number of approvals to businesses in the county, FY2021–FY2025; 10 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 20 | $9.7M | 48.8% | |
| 2 | Peoples BankMarietta, OH | 10 | $3.1M | 24.4% | |
| 3 | US Metro BankGarden Grove, CA | 2 | — | 4.9% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 2 | — | 4.9% | |
| 5 | WesBanco Bank, Inc.Wheeling, WV | 2 | — | 4.9% | |
| 6 | First Western SBLC, LLCDallas, TX | 1 | — | 2.4% | |
| 7 | Byline BankChicago, IL | 1 | — | 2.4% | |
| 8 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.4% | |
| 9 | First Neighborhood BankSpencer, WV | 1 | — | 2.4% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 14.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 14.6% | |
| 3 | Data Processing, Hosting, and Related ServicesNAICS 5182 | 4 | 9.8% | |
| 4 | Home Health Care ServicesNAICS 6216 | 4 | 9.8% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 3 | 7.3% | |
| 6 | Personal Care ServicesNAICS 8121 | 3 | 7.3% | |
| 7 | Specialized Freight TruckingNAICS 4842 | 2 | 4.9% | |
| 8 | Printing and Related Support ActivitiesNAICS 3231 | 2 | 4.9% | |
| 9 | Support Activities for Animal ProductionNAICS 1152 | 1 | 2.4% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 1 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 13 | 31.7% | |
| 2 | Health Care and Social Assistance | 7 | 17.1% | |
| 3 | Information | 4 | 9.8% | |
| 4 | Other Services (except Public Administration) | 4 | 9.8% | |
| 5 | Construction | 3 | 7.3% | |
| 6 | Retail Trade | 3 | 7.3% | |
| 7 | Transportation and Warehousing | 2 | 4.9% | |
| 8 | Manufacturing | 2 | 4.9% |
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* | 2 | — | — | 0 | — | 2 | 2 |
| FY2025 | 7 | $2.1M | $50K | 0 | — | 7 | 54 |
| FY2024 | 13 | $16.0M | $350K | 0 | — | 13 | 169 |
| FY2023 | 1 | — | — | 0 | — | 1 | 1 |
| FY2022 | 4 | $3.8M | $130K | 0 | — | 4 | 66 |
| FY2021 | 16 | $5.9M | $358K | 0 | — | 16 | 316 |
| FY2020 | 3 | $869K | $395K | 0 | — | 3 | 12 |
| FY2019 | 12 | $2.1M | $30K | 1 | — | 13 | 90 |
| FY2018 | 5 | $725K | $122K | 0 | — | 5 | 53 |
| FY2017 | 8 | $1.8M | $189K | 0 | — | 8 | 33 |
| FY2016 | 6 | $2.0M | $279K | 0 | — | 6 | 145 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 35 approvals.
Against West Virginia and the country
| FY2021–FY2025 | Wood County | West Virginia | United States |
|---|---|---|---|
| Approvals | 41 | 958 | 342,825 |
| Approvals per 1,000 establishments | 21.6 | 26.7 | 41.0 |
| Median 7(a) approval | $230K | $115K | $190K |
| Median 504 approval | — | $438K | $657K |
| Average approval | $680K | $398K | $573K |
| 504 share of approvals | 0.0% | 2.4% | 11.0% |
| Jobs supported per approval, as reported | 14.8 | 9.1 | 10.5 |
| Share of state approvals | 4.3% | 100.0% | — |
Approval sizes
- $50,000 or less22.0%9
- $50,001 to $150,00024.4%10
- $150,001 to $350,00014.6%6
- $350,001 to $1 million17.1%7
- $1 million to $2 million12.2%5
- Over $2 million9.8%4
Age of the businesses
- Existing, more than 2 years old43.9%18
- New business, 2 years or less17.1%7
- Startup, loan funds will open the business22.0%9
- Change of ownership17.1%7
Questions and answers
Which lenders make the most SBA loans in Wood County?
By approvals in FY2021 to FY2025: The Huntington National Bank (20), Peoples Bank (10), US Metro Bank (2), BayFirst National Bank (2), WesBanco Bank, Inc. (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Wood County?
The median 7(a) approval was $230K; the West Virginia 7(a) median was $115K.
Which industries get the most SBA loans in Wood County?
Traveler Accommodation (6); Restaurants and Other Eating Places (6); Data Processing, Hosting, and Related Services (4); Home Health Care Services (4); Building Equipment Contractors (3).
Is SBA lending in Wood County rising?
Approvals in the three latest complete fiscal years total 21, against 23 in the three before: broadly level (-9%).
How does Wood County compare with the rest of West Virginia?
21.6 approvals per 1,000 establishments against 26.7 statewide, and 41 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