SBA loans in West Virginia, FY2017

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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 147 loans in West Virginia: 145 under 7(a) and 2 under 504, worth $47.9M.

That is about level with FY2016, when there were 140 approvals worth $32.2M.

West Virginia accounted for 0.2% of the 68,648 approvals nationwide that year. 35 lenders had at least one approval in the state; The Huntington National Bank had the most, 57.

147approvalsFY2016: 140

$47.9Mdollars approvedFY2016: $32.2M

$100Kmedian 7(a) approvalFY2016: $94K

35lenders with an approval

2,037jobs supported, as reported

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 35 lenders with the most approvals to West Virginia businesses in FY2017, of 35 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2016	Change
1	The Huntington National Bank	7(a)	57	$7.8M	38.8%	67	-10
2	MVB Bank, Inc.	7(a)	10	$829K	6.8%	15	-5
3	Community Trust Bank, Inc.	7(a)	8	$7.9M	5.4%	6	+2
4	Clear Mountain Bank, Inc.	7(a)	8	$839K	5.4%	0	new
5	Truist Bank	7(a)	8	$779K	5.4%	0	new
6	JPMorgan Chase Bank, National Association	7(a)	6	$1.1M	4.1%	4	+2
7	Live Oak Banking Company	7(a)	4	$5.9M	2.7%	2	+2
8	Newtek Small Business Finance, Inc.	7(a)	4	$479K	2.7%	1	+3
9	The First Bank and Trust Company	7(a)	3	$2.3M	2.0%	1	+2
10	Wells Fargo Bank National Association	7(a)	3	$1.5M	2.0%	2	+1
11	Peoples Bank	7(a)	3	$820K	2.0%	3	0
12	Manufacturers and Traders Trust Company	7(a)	3	$205K	2.0%	7	-4
13	Fifth Third Bank	7(a)	2	—	1.4%	0	new
14	Mountain Valley Bank National Association	7(a)	2	—	1.4%	0	new
15	Regional Development Funding Corporation	504	2	—	1.4%	1	+1
16	BayFirst National Bank	7(a)	2	—	1.4%	1	+1
17	PNC Bank, National Association	7(a)	2	—	1.4%	2	0
18	Freedom Bank Inc	7(a)	2	—	1.4%	7	-5
19	Northeast Bank	7(a)	2	—	1.4%	0	new
20	Ameris Bank	7(a)	1	—	0.7%	0	new
21	First Western SBLC, LLC	7(a)	1	—	0.7%	0	new
22	Citizens Bank of West Virginia, Inc	7(a)	1	—	0.7%	2	-1
23	Capital Bank, National Association	7(a)	1	—	0.7%	0	new
24	Firstrust Savings Bank	7(a)	1	—	0.7%	0	new
25	The Citizens Bank of Weston	7(a)	1	—	0.7%	1	0
26	West Union Bank	7(a)	1	—	0.7%	0	new
27	Bank of America, National Association	7(a)	1	—	0.7%	0	new
28	The Ohio Valley Bank Company	7(a)	1	—	0.7%	0	new
29	Celtic Bank Corporation	7(a)	1	—	0.7%	4	-3
30	Potomac Bank	7(a)	1	—	0.7%	3	-2
31	Northwest FCU	7(a)	1	—	0.7%	0	new
32	Community Bank	7(a)	1	—	0.7%	0	new
33	TD Bank, National Association	7(a)	1	—	0.7%	0	new
34	The Grant County Bank	7(a)	1	—	0.7%	0	new
35	Independence Bank	7(a)	1	—	0.7%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2016	Change
1	Monongalia County	20	$4.5M	13.6%	12	+8
2	Harrison County	13	$4.0M	8.8%	16	-3
3	Kanawha County	13	$7.4M	8.8%	14	-1
4	Cabell County	11	$3.2M	7.5%	11	0
5	Berkeley County	11	$5.1M	7.5%	7	+4
6	Wood County	8	$1.8M	5.4%	6	+2
7	Raleigh County	7	$2.6M	4.8%	0	new
8	Putnam County	6	$934K	4.1%	5	+1
9	Randolph County	5	$1.2M	3.4%	5	0
10	Jefferson County	5	$486K	3.4%	5	0
11	Hancock County	5	$363K	3.4%	3	+2
12	Upshur County	5	$292K	3.4%	8	-3
13	Marion County	4	$782K	2.7%	9	-5
14	Ohio County	4	$209K	2.7%	4	0
15	Greenbrier County	4	$290K	2.7%	1	+3
16	Mineral County	4	$239K	2.7%	4	0
17	Fayette County	3	$2.1M	2.0%	0	new
18	Marshall County	2	—	1.4%	0	new
19	Brooke County	2	—	1.4%	2	0
20	Preston County	2	—	1.4%	1	+1
21	Lincoln County	2	—	1.4%	3	-1
22	Gilmer County	2	—	1.4%	0	new
23	Roane County	2	—	1.4%	0	new
24	Boone County	1	—	0.7%	0	new
25	Ritchie County	1	—	0.7%	1	0
26	Wayne County	1	—	0.7%	2	-1
27	Mercer County	1	—	0.7%	0	new
28	Jackson County	1	—	0.7%	2	-1
29	Taylor County	1	—	0.7%	1	0
30	Lewis County	1	—	0.7%	2	-1

FY2017 against FY2016

West Virginia	FY2017	FY2016
7(a) approvals	145	138
7(a) dollars	$47.4M	$31.5M
Median 7(a) approval	$100K	$94K
504 approvals	2	2
504 dollars	—	—
Jobs supported, as reported	2,037	1,181

Questions and answers

Which lenders made the most SBA loans in West Virginia in FY2017?

The Huntington National Bank (57), MVB Bank, Inc. (10), Community Trust Bank, Inc. (8), Clear Mountain Bank, Inc. (8), Truist Bank (8). 35 lenders had at least one approval.

How many SBA loans were approved in West Virginia in FY2017?

147: 145 under 7(a) worth $47.4M and 2 under 504 worth —.

Which West Virginia counties had the most SBA approvals in FY2017?

Monongalia County (20), Harrison County (13), Kanawha County (13), Cabell County (11), Berkeley County (11).

When does FY2017 start and end?

The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.

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