SBA Ledger

States › West Virginia

State0.3% of US approvals81 lenders active

SBA loans in West Virginia

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 958 small business loans in West Virginia in FY2021 to FY2025: 935 under the 7(a) program and 23 under 504, worth $381M together.

That is 26.7 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.3% of all approvals in the country (47th of 54 states and territories).

In FY2025 there were 214 approvals totalling $73.9M, about level with FY2024. The median 7(a) approval over the five years was $115K and the median 504 approval $438K.

81 lenders had at least one approval in the state; by number of 7(a) approvals the most active were The Huntington National Bank (417), Clear Mountain Bank, Inc. (61) and Citizens Bank of West Virginia, Inc (41).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 5.4% as charged off, against 6.6% nationally.

214approvals, FY2025958 in FY2021–FY2025
$73.9Mapproved, FY2025$381M in FY2021–FY2025
26.7approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$115Kmedian 7(a) approvalUS: $190K
5.4%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in West Virginia

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in WV, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1The Huntington National BankColumbus, OH417$90.2M44.6%$92K5.7%
2Clear Mountain Bank, Inc.Bruceton Mills, WV61$13.0M6.5%$111K2.2%
3Citizens Bank of West Virginia, IncElkins, WV41$9.0M4.4%$165K0.0%
4First Community BankBluefield, VA33$5.2M3.5%$182K0.7%
5Community Trust Bank, Inc.Pikeville, KY30$8.3M3.2%$120K9.8%
6Peoples BankMarietta, OH24$7.2M2.6%$250K3.8%
7Manufacturers and Traders Trust CompanyBuffalo, NY24$2.9M2.6%$50K8.0%
8Northeast BankLewiston, ME22$3.7M2.4%$106K12.8%
9BayFirst National BankSaint Petersburg, FL21$3.1M2.2%$150K19.2%
10Potomac BankCharles Town, WV18$9.2M1.9%$250K0.0%
11Live Oak Banking CompanyWilmington, NC17$24.8M1.8%$850K2.2%
12Readycap Lending, LLCBerkeley Heights, NJ17$3.1M1.8%$138K4.3%
13Pendleton Community Bank IncFranklin, WV15$6.4M1.6%$165K6.7%
14Newtek Bank, National AssociationMiami, FL15$4.5M1.6%$225K—
15Celtic Bank CorporationSalt Lake City, UT11$3.4M1.2%$150K17.0%
16GBankLas Vegas, NV10$30.0M1.1%$2.2M1.7%
17Woodlands Community Lenders, Inc.Elkins, WV9$774K1.0%$65K—
18First Western SBLC, LLCDallas, TX8$21.7M0.9%$1.8M1.6%
19Fifth Third BankCincinnati, OH8$7.7M0.9%$200K5.5%
20Newtek Small Business Finance, Inc.Lake Success, NY8$3.5M0.9%$300K6.8%
21WesBanco Bank, Inc.Wheeling, WV7$5.6M0.7%$278K4.6%
22PNC Bank, National AssociationWilmington, DE7$2.1M0.7%$50K8.1%
23United Midwest Savings Bank National AssociationDe Graff, OH6$2.5M0.6%$150K15.9%
24The First Bank and Trust CompanyLebanon, VA6$2.3M0.6%$260K1.1%
25FNB Bank IncRomney, WV6$1.7M0.6%$175K—
26JPMorgan Chase Bank, National AssociationColumbus, OH6$1.5M0.6%$200K7.4%
27The Citizens Bank of WestonWeston, WV6$1.4M0.6%$210K—
28Freedom Bank IncPhilippi, WV5$777K0.5%$137K—
29First Bank of the LakeOsage Beach, MO4$5.7M0.4%$350K2.7%
30Northwest BankWarren, PA4$1.9M0.4%$150K1.8%
31Colony BankFitzgerald, GA3$6.0M0.3%$150K7.0%
32First Commonwealth BankIndiana, PA3$3.6M0.3%$420K3.9%
33Gulf Coast Bank and Trust CompanyNew Orleans, LA3$1.6M0.3%$623K6.4%
34Wells Fargo Bank National AssociationSioux Falls, SD3$605K0.3%$15K7.9%
35SouthState Bank, National AssociationWinter Haven, FL3$300K0.3%$350K2.8%
36US Metro BankGarden Grove, CA2—0.2%$1.6M2.0%
37Byline BankChicago, IL2—0.2%$806K9.5%
38First-Citizens Bank & Trust CompanyRaleigh, NC2—0.2%$697K5.4%
39Fund-Ex Solutions Group, LLCDavie, FL2—0.2%$831K7.1%
40Stearns Bank National AssociationSaint Cloud, MN2—0.2%$266K9.9%

504 certified development companies

#LenderApprovals in WV, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Business Finance Group, Inc.Fairfax, VA · 504 CDC11$9.8M47.8%$584K0.9%
2Regional Development Funding CorporationPittsburgh, PA · 504 CDC9$10.8M39.1%$505K3.1%
3Florida First Capital Finance Corporation, Inc.Tallahassee, FL · 504 CDC1—4.3%$684K1.1%
4Community Capital Development CorporationDublin, OH · 504 CDC1—4.3%$415K3.0%
5504 Capital CorporationChesapeake, VA · 504 CDC1—4.3%$537K0.5%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*105$44.7M$150K5$4.0M1101,107
FY2025211$69.7M$114K3$4.2M2142,254
FY2024210$88.0M$100K5$6.3M2151,587
FY2023156$53.8M$100K5$5.4M1611,282
FY2022166$59.4M$110K6$4.6M1721,502
FY2021192$88.0M$156K4$2.1M1962,131
FY2020177$48.8M$115K4$945K1811,041
FY2019146$45.3M$101K1—1471,155
FY2018162$44.4M$100K2—1641,196
FY2017145$47.4M$100K2—1472,037
FY2016138$31.5M$94K2—1401,181

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in West Virginia by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Monongalia County120$38.2M2,48148.4
2Kanawha County93$44.4M4,39621.2
3Harrison County67$20.3M1,78137.6
4Cabell County64$23.4M2,33127.5
5Putnam County51$12.8M1,24840.9
6Marion County50$13.9M1,11444.9
7Randolph County41$8.8M65063.1
8Wood County41$27.9M1,90121.6
9Berkeley County37$26.3M1,85919.9
10Jefferson County32$20.4M97632.8
11Ohio County31$17.1M1,32023.5
12Hancock County26$14.3M54447.8
13Raleigh County24$13.8M1,71314.0
14Lewis County22$5.1M36360.6
15Preston County21$4.4M50941.3
16Mercer County19$5.8M1,15416.5
17Upshur County16$3.8M51331.2
18Mingo County16$4.0M32649.1
19Fayette County14$2.8M71019.7
20Mineral County14$760K45630.7
21Greenbrier County12$2.8M88813.5
22Jackson County11$5.1M47223.3
23Morgan County11$3.1M23247.4
24Braxton County9$8.7M23238.8
25Hampshire County9$1.7M31029.0
26Taylor County9$5.7M22340.4
27Barbour County8$1.1M21736.9
28Wayne County8$8.4M43418.4
29Monroe County8$2.6M17146.8
30Boone County7$2.0M24129.0
31Marshall County7$13.5M48114.6
32Logan County7$1.5M59511.8
33Nicholas County6$488K54111.1
34Hardy County5$1.4M29417.0
35Wetzel County5$3.0M30816.2
36Pocahontas County4$1.5M23117.3
37Wyoming County4$1.2M26715.0
38Pendleton County4$1.1M14028.6
39Grant County3$1.0M24112.4
40Ritchie County3$603K18816.0
41Brooke County3$285K3668.2
42Lincoln County3$991K17217.4
43Pleasants County2—12516.0
44Tucker County2—15912.6
45Roane County2—2159.3
46Mason County2—3246.2
47Summers County2—16212.3
48McDowell County1—2134.7
49Doddridge County1—6914.5
50Webster County1—1138.8

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 722593$27.0M9.7%
2Offices of Other Health PractitionersNAICS 621348$9.0M5.0%
3Automotive Repair and MaintenanceNAICS 811143$10.9M4.5%
4Building Equipment ContractorsNAICS 238240$12.2M4.2%
5General Freight TruckingNAICS 484140$4.5M4.2%
6Personal Care ServicesNAICS 812139$3.4M4.1%
7Traveler AccommodationNAICS 721134$92.8M3.5%
8Other Specialty Trade ContractorsNAICS 238932$6.5M3.3%
9Services to Buildings and DwellingsNAICS 561729$4.4M3.0%
10Residential Building ConstructionNAICS 236128$8.5M2.9%
11Other Professional, Scientific, and Technical ServicesNAICS 541918$10.0M1.9%
12Other Amusement and Recreation IndustriesNAICS 713918$6.6M1.9%
13Other Personal ServicesNAICS 812916$2.4M1.7%
14Offices of PhysiciansNAICS 621114$9.5M1.5%
15Child Day Care ServicesNAICS 624413$1.9M1.4%

Sectors

#NAICS sectorApprovalsShare
1Accommodation and Food Services13914.5%
2Construction12913.5%
3Other Services (except Public Administration)12713.3%
4Health Care and Social Assistance11211.7%
5Retail Trade9710.1%
6Professional, Scientific, and Technical Services656.8%
7Transportation and Warehousing616.4%
8Administrative and Support and Waste Management and Remediation Services485.0%
9Manufacturing464.8%
10Wholesale Trade303.1%

Franchise brands

#BrandApprovalsShare
1Hampton Inn by Hilton40.4%
2Fox's Pizza Den40.4%
3Days Inn30.3%
4Quality Inn30.3%
5Dairy Queen of VA., Inc30.3%
6Dairy Queen Operating Agreement30.3%
7Subway30.3%
8Rodeway Inn20.2%
9Sleep Inn20.2%
10Holiday Inn Express20.2%

How earlier loans turned out

West Virginia, 7(a)5.4%
United States, 7(a)6.6%
West Virginia, 5043.1%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021WV 7(a)US 7(a)WV 504US 504
Approvals in these years1,857639,9054185,591
Cancelled or never disbursed27879,313912,514
Disbursed loans1,579560,5923273,077
Paid in full1,221435,8131535,491
Charged off8536,8911905
Still outstanding (status exempt from disclosure)27387,8881636,681
Charged off, share of disbursed loans5.4%6.6%3.1%1.2%
Dollars charged off, share of disbursed dollars2.4%2.5%0.1%0.9%
Dollars charged off$11.2M$5.70bn$18K$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025West VirginiaUnited States
Approvals per 1,000 establishments26.741.0
Median 7(a) approval$115K$190K
Median 504 approval$438K$657K
504 share of approvals2.4%11.0%
Jobs supported per approval, as reported9.110.5
Approvals, change on FY2016–FY202023%10%

Questions and answers

Which lenders make the most SBA loans in West Virginia?

By 7(a) approvals in FY2021 to FY2025: The Huntington National Bank (417), Clear Mountain Bank, Inc. (61), Citizens Bank of West Virginia, Inc (41), First Community Bank (33), Community Trust Bank, Inc. (30). For 504 loans: Business Finance Group, Inc. (11), Regional Development Funding Corporation (9), Florida First Capital Finance Corporation, Inc. (1). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in West Virginia?

The median 7(a) approval was $115K and the median 504 approval $438K; the average across both programs was $398K.

Which industries get the most SBA loans in West Virginia?

Restaurants and Other Eating Places (93); Offices of Other Health Practitioners (48); Automotive Repair and Maintenance (43); Building Equipment Contractors (40); General Freight Trucking (40).

Which West Virginia counties receive the most SBA loans?

Monongalia County (120), Kanawha County (93), Harrison County (67), Cabell County (64), Putnam County (51), by approvals in FY2021 to FY2025.

Is SBA lending in West Virginia rising?

Approvals in the three latest complete fiscal years total 590, against 549 in the three before: broadly level (+7%).

What share of SBA loans in West Virginia are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 5.4% are recorded as charged off (national: 6.6%); for 504 loans the figure is 3.1% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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