States › West Virginia › FY2016
FY20161 Oct 2015 – 30 Sep 2016
SBA loans in West Virginia, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 140 loans in West Virginia: 138 under 7(a) and 2 under 504, worth $32.2M.
That is up 21% on FY2015, when there were 116 approvals worth $34.9M.
West Virginia accounted for 0.2% of the 70,012 approvals nationwide that year. 28 lenders had at least one approval in the state; The Huntington National Bank had the most, 67.
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.
Approvals by lender
The 28 lenders with the most approvals to West Virginia businesses in FY2016, of 28 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 67 | $17.8M | 47.9% | 57 | +10 |
| 2 | MVB Bank, Inc. | 7(a) | 15 | $2.9M | 10.7% | 11 | +4 |
| 3 | Freedom Bank Inc | 7(a) | 7 | $1.4M | 5.0% | 0 | new |
| 4 | Manufacturers and Traders Trust Company | 7(a) | 7 | $816K | 5.0% | 3 | +4 |
| 5 | Community Trust Bank, Inc. | 7(a) | 6 | $948K | 4.3% | 6 | 0 |
| 6 | Celtic Bank Corporation | 7(a) | 4 | $455K | 2.9% | 3 | +1 |
| 7 | JPMorgan Chase Bank, National Association | 7(a) | 4 | $326K | 2.9% | 3 | +1 |
| 8 | Peoples Bank | 7(a) | 3 | $995K | 2.1% | 2 | +1 |
| 9 | Potomac Bank | 7(a) | 3 | $298K | 2.1% | 0 | new |
| 10 | Citizens Bank of West Virginia, Inc | 7(a) | 2 | — | 1.4% | 0 | new |
| 11 | PNC Bank, National Association | 7(a) | 2 | — | 1.4% | 0 | new |
| 12 | Wells Fargo Bank National Association | 7(a) | 2 | — | 1.4% | 1 | +1 |
| 13 | Live Oak Banking Company | 7(a) | 2 | — | 1.4% | 1 | +1 |
| 14 | The Harrison County Bank | 7(a) | 2 | — | 1.4% | 0 | new |
| 15 | Fulton Bank, National Association | 7(a) | 1 | — | 0.7% | 0 | new |
| 16 | Regional Development Funding Corporation | 504 | 1 | — | 0.7% | 2 | -1 |
| 17 | United Community Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 18 | Business Finance Group, Inc. | 504 | 1 | — | 0.7% | 1 | 0 |
| 19 | Simmons Bank | 7(a) | 1 | — | 0.7% | 1 | 0 |
| 20 | FinWise Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 21 | BayFirst National Bank | 7(a) | 1 | — | 0.7% | 0 | new |
| 22 | Stearns Bank National Association | 7(a) | 1 | — | 0.7% | 1 | 0 |
| 23 | United Bank | 7(a) | 1 | — | 0.7% | 1 | 0 |
| 24 | Partner Community Capital | 7(a) | 1 | — | 0.7% | 0 | new |
| 25 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.7% | 0 | new |
| 26 | The First Bank and Trust Company | 7(a) | 1 | — | 0.7% | 0 | new |
| 27 | The Citizens Bank of Weston | 7(a) | 1 | — | 0.7% | 2 | -1 |
| 28 | U.S. Bank, National Association | 7(a) | 1 | — | 0.7% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Harrison County | 16 | $2.9M | 11.4% | 11 | +5 |
| 2 | Kanawha County | 14 | $5.5M | 10.0% | 16 | -2 |
| 3 | Monongalia County | 12 | $1.3M | 8.6% | 12 | 0 |
| 4 | Cabell County | 11 | $1.6M | 7.9% | 10 | +1 |
| 5 | Marion County | 9 | $3.7M | 6.4% | 6 | +3 |
| 6 | Upshur County | 8 | $1.2M | 5.7% | 1 | +7 |
| 7 | Berkeley County | 7 | $3.7M | 5.0% | 2 | +5 |
| 8 | Wood County | 6 | $2.0M | 4.3% | 6 | 0 |
| 9 | Randolph County | 5 | $827K | 3.6% | 7 | -2 |
| 10 | Putnam County | 5 | $220K | 3.6% | 6 | -1 |
| 11 | Jefferson County | 5 | $543K | 3.6% | 1 | +4 |
| 12 | Ohio County | 4 | $372K | 2.9% | 3 | +1 |
| 13 | Mineral County | 4 | $71K | 2.9% | 1 | +3 |
| 14 | Barbour County | 3 | $600K | 2.1% | 0 | new |
| 15 | Hancock County | 3 | $1.1M | 2.1% | 3 | 0 |
| 16 | Lincoln County | 3 | $853K | 2.1% | 2 | +1 |
| 17 | Mingo County | 3 | $335K | 2.1% | 1 | +2 |
| 18 | Wetzel County | 3 | $774K | 2.1% | 0 | new |
| 19 | Pocahontas County | 2 | — | 1.4% | 1 | +1 |
| 20 | Wayne County | 2 | — | 1.4% | 2 | 0 |
| 21 | Jackson County | 2 | — | 1.4% | 1 | +1 |
| 22 | Brooke County | 2 | — | 1.4% | 1 | +1 |
| 23 | Lewis County | 2 | — | 1.4% | 2 | 0 |
| 24 | Pleasants County | 1 | — | 0.7% | 0 | new |
| 25 | Ritchie County | 1 | — | 0.7% | 0 | new |
| 26 | Greenbrier County | 1 | — | 0.7% | 3 | -2 |
| 27 | Wyoming County | 1 | — | 0.7% | 0 | new |
| 28 | Hardy County | 1 | — | 0.7% | 0 | new |
| 29 | Taylor County | 1 | — | 0.7% | 3 | -2 |
| 30 | Preston County | 1 | — | 0.7% | 2 | -1 |
| 31 | Mason County | 1 | — | 0.7% | 0 | new |
| 32 | Calhoun County | 1 | — | 0.7% | 0 | new |
FY2016 against FY2015
| West Virginia | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 138 | 113 |
| 7(a) dollars | $31.5M | $32.6M |
| Median 7(a) approval | $94K | $75K |
| 504 approvals | 2 | 3 |
| 504 dollars | — | $2.2M |
| Jobs supported, as reported | 1,181 | 1,430 |
Questions and answers
Which lenders made the most SBA loans in West Virginia in FY2016?
The Huntington National Bank (67), MVB Bank, Inc. (15), Freedom Bank Inc (7), Manufacturers and Traders Trust Company (7), Community Trust Bank, Inc. (6). 28 lenders had at least one approval.
How many SBA loans were approved in West Virginia in FY2016?
140: 138 under 7(a) worth $31.5M and 2 under 504 worth —.
Which West Virginia counties had the most SBA approvals in FY2016?
Harrison County (16), Kanawha County (14), Monongalia County (12), Cabell County (11), Marion County (9).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error