SBA loans in West Virginia, FY2018

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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 164 loans in West Virginia: 162 under 7(a) and 2 under 504, worth $45.1M.

That is up 12% on FY2017, when there were 147 approvals worth $47.9M.

West Virginia accounted for 0.2% of the 66,228 approvals nationwide that year. 40 lenders had at least one approval in the state; The Huntington National Bank had the most, 54.

164approvalsFY2017: 147

$45.1Mdollars approvedFY2017: $47.9M

$100Kmedian 7(a) approvalFY2017: $100K

40lenders with an approval

1,196jobs 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 40 lenders with the most approvals to West Virginia businesses in FY2018, of 40 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2017	Change
1	The Huntington National Bank	7(a)	54	$4.8M	32.9%	57	-3
2	Peoples Bank	7(a)	15	$1.8M	9.1%	3	+12
3	MVB Bank, Inc.	7(a)	14	$1.4M	8.5%	10	+4
4	Clear Mountain Bank, Inc.	7(a)	12	$917K	7.3%	8	+4
5	Citizens Bank of West Virginia, Inc	7(a)	8	$1.2M	4.9%	1	+7
6	Independence Bank	7(a)	6	$750K	3.7%	1	+5
7	Wells Fargo Bank National Association	7(a)	3	$2.1M	1.8%	3	0
8	The Citizens Bank of Weston	7(a)	3	$700K	1.8%	1	+2
9	The First Bank and Trust Company	7(a)	3	$430K	1.8%	3	0
10	Manufacturers and Traders Trust Company	7(a)	3	$180K	1.8%	3	0
11	First Bank	7(a)	2	—	1.2%	0	new
12	North Valley Bank	7(a)	2	—	1.2%	0	new
13	Mid Penn Bank	7(a)	2	—	1.2%	0	new
14	PromiseOne Bank	7(a)	2	—	1.2%	0	new
15	Live Oak Banking Company	7(a)	2	—	1.2%	4	-2
16	United Community Bank	7(a)	2	—	1.2%	0	new
17	Stearns Bank National Association	7(a)	2	—	1.2%	0	new
18	Byline Bank	7(a)	2	—	1.2%	0	new
19	Regional Development Funding Corporation	504	2	—	1.2%	2	0
20	PNC Bank, National Association	7(a)	2	—	1.2%	2	0
21	Northeast Bank	7(a)	2	—	1.2%	2	0
22	Truist Bank	7(a)	2	—	1.2%	8	-6
23	JPMorgan Chase Bank, National Association	7(a)	2	—	1.2%	6	-4
24	North State Bank	7(a)	1	—	0.6%	0	new
25	BankUnited, National Association	7(a)	1	—	0.6%	0	new
26	Firstrust Savings Bank	7(a)	1	—	0.6%	1	0
27	BayFirst National Bank	7(a)	1	—	0.6%	2	-1
28	The Bank of Romney	7(a)	1	—	0.6%	0	new
29	Florida Capital Bank, National Association	7(a)	1	—	0.6%	0	new
30	CHROME Federal Credit Union	7(a)	1	—	0.6%	0	new
31	Pendleton Community Bank Inc	7(a)	1	—	0.6%	0	new
32	Primis Bank	7(a)	1	—	0.6%	0	new
33	Community Bank of Parkersburg	7(a)	1	—	0.6%	0	new
34	Fifth Third Bank	7(a)	1	—	0.6%	2	-1
35	Celtic Bank Corporation	7(a)	1	—	0.6%	1	0
36	Mechanics and Farmers Bank	7(a)	1	—	0.6%	0	new
37	The Grant County Bank	7(a)	1	—	0.6%	1	0
38	Mountain Valley Bank National Association	7(a)	1	—	0.6%	2	-1
39	Community Trust Bank, Inc.	7(a)	1	—	0.6%	8	-7
40	U.S. Bank, National Association	7(a)	1	—	0.6%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2017	Change
1	Kanawha County	21	$7.0M	12.8%	13	+8
2	Monongalia County	19	$6.7M	11.6%	20	-1
3	Harrison County	13	$2.5M	7.9%	13	0
4	Lewis County	11	$5.1M	6.7%	1	+10
5	Randolph County	8	$959K	4.9%	5	+3
6	Marion County	7	$744K	4.3%	4	+3
7	Berkeley County	7	$4.9M	4.3%	11	-4
8	Preston County	7	$605K	4.3%	2	+5
9	Barbour County	6	$1.4M	3.7%	0	new
10	Greenbrier County	6	$527K	3.7%	4	+2
11	Upshur County	6	$2.6M	3.7%	5	+1
12	Putnam County	5	$529K	3.0%	6	-1
13	Wood County	5	$725K	3.0%	8	-3
14	Fayette County	5	$509K	3.0%	3	+2
15	Raleigh County	4	$1.8M	2.4%	7	-3
16	Jackson County	4	$1.1M	2.4%	1	+3
17	Boone County	3	$1.2M	1.8%	1	+2
18	Nicholas County	3	$3.0M	1.8%	0	new
19	Cabell County	2	—	1.2%	11	-9
20	Braxton County	2	—	1.2%	0	new
21	Wayne County	2	—	1.2%	1	+1
22	Mercer County	2	—	1.2%	1	+1
23	Brooke County	2	—	1.2%	2	0
24	Mineral County	2	—	1.2%	4	-2
25	Morgan County	2	—	1.2%	0	new
26	Grant County	1	—	0.6%	0	new
27	Jefferson County	1	—	0.6%	5	-4
28	Ohio County	1	—	0.6%	4	-3
29	Hancock County	1	—	0.6%	5	-4
30	Hardy County	1	—	0.6%	0	new
31	Hampshire County	1	—	0.6%	0	new
32	Roane County	1	—	0.6%	2	-1
33	Mingo County	1	—	0.6%	0	new
34	Wetzel County	1	—	0.6%	0	new
35	Wirt County	1	—	0.6%	0	new

FY2018 against FY2017

West Virginia	FY2018	FY2017
7(a) approvals	162	145
7(a) dollars	$44.4M	$47.4M
Median 7(a) approval	$100K	$100K
504 approvals	2	2
504 dollars	—	—
Jobs supported, as reported	1,196	2,037

Questions and answers

Which lenders made the most SBA loans in West Virginia in FY2018?

The Huntington National Bank (54), Peoples Bank (15), MVB Bank, Inc. (14), Clear Mountain Bank, Inc. (12), Citizens Bank of West Virginia, Inc (8). 40 lenders had at least one approval.

How many SBA loans were approved in West Virginia in FY2018?

164: 162 under 7(a) worth $44.4M and 2 under 504 worth —.

Which West Virginia counties had the most SBA approvals in FY2018?

Kanawha County (21), Monongalia County (19), Harrison County (13), Lewis County (11), Randolph County (8).

When does FY2018 start and end?

The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.

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