SBA loans in West Virginia, FY2019

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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 147 loans in West Virginia: 146 under 7(a) and 1 under 504, worth $46.9M.

That is down 10% on FY2018, when there were 164 approvals worth $45.1M.

West Virginia accounted for 0.3% of the 58,006 approvals nationwide that year. 40 lenders had at least one approval in the state; The Huntington National Bank had the most, 41.

147approvalsFY2018: 164

$46.9Mdollars approvedFY2018: $45.1M

$101Kmedian 7(a) approvalFY2018: $100K

40lenders with an approval

1,155jobs 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 FY2019, of 40 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2018	Change
1	The Huntington National Bank	7(a)	41	$5.5M	27.9%	54	-13
2	Peoples Bank	7(a)	15	$1.9M	10.2%	15	0
3	MVB Bank, Inc.	7(a)	14	$1.8M	9.5%	14	0
4	Clear Mountain Bank, Inc.	7(a)	11	$781K	7.5%	12	-1
5	Truist Bank	7(a)	8	$2.9M	5.4%	2	+6
6	Pendleton Community Bank Inc	7(a)	5	$605K	3.4%	1	+4
7	Newtek Small Business Finance, Inc.	7(a)	4	$755K	2.7%	0	new
8	The First Bank and Trust Company	7(a)	3	$866K	2.0%	3	0
9	Live Oak Banking Company	7(a)	3	$670K	2.0%	2	+1
10	Citizens Bank of West Virginia, Inc	7(a)	3	$575K	2.0%	8	-5
11	United Midwest Savings Bank National Association	7(a)	3	$450K	2.0%	0	new
12	Independence Bank	7(a)	3	$425K	2.0%	6	-3
13	GBank	7(a)	2	—	1.4%	0	new
14	PNC Bank, National Association	7(a)	2	—	1.4%	2	0
15	Fifth Third Bank	7(a)	2	—	1.4%	1	+1
16	Community Trust Bank, Inc.	7(a)	2	—	1.4%	1	+1
17	Northeast Bank	7(a)	2	—	1.4%	2	0
18	JPMorgan Chase Bank, National Association	7(a)	2	—	1.4%	2	0
19	Stone Bank	7(a)	1	—	0.7%	0	new
20	Hanmi Bank	7(a)	1	—	0.7%	0	new
21	Blue Ridge Bank National Association	7(a)	1	—	0.7%	0	new
22	First Bank	7(a)	1	—	0.7%	2	-1
23	The Bancorp Bank National Association	7(a)	1	—	0.7%	0	new
24	Regional Development Funding Corporation	504	1	—	0.7%	2	-1
25	Enterprise Bank & Trust	7(a)	1	—	0.7%	0	new
26	First Merchants Bank	7(a)	1	—	0.7%	0	new
27	Midland States Bank	7(a)	1	—	0.7%	0	new
28	Citizens Bank	7(a)	1	—	0.7%	0	new
29	FinWise Bank	7(a)	1	—	0.7%	0	new
30	North Valley Bank	7(a)	1	—	0.7%	2	-1
31	Partner Community Capital	7(a)	1	—	0.7%	0	new
32	The Bank of Romney	7(a)	1	—	0.7%	1	0
33	Provident Bank	7(a)	1	—	0.7%	0	new
34	The Harrison County Bank	7(a)	1	—	0.7%	0	new
35	Community Bank of Parkersburg	7(a)	1	—	0.7%	1	0
36	Celtic Bank Corporation	7(a)	1	—	0.7%	1	0
37	The Grant County Bank	7(a)	1	—	0.7%	1	0
38	Potomac Bank	7(a)	1	—	0.7%	0	new
39	Manufacturers and Traders Trust Company	7(a)	1	—	0.7%	3	-2
40	Mountain Valley Bank National Association	7(a)	1	—	0.7%	1	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2018	Change
1	Monongalia County	18	$4.3M	12.2%	19	-1
2	Kanawha County	18	$12.3M	12.2%	21	-3
3	Wood County	13	$3.7M	8.8%	5	+8
4	Cabell County	9	$2.5M	6.1%	2	+7
5	Berkeley County	9	$1.8M	6.1%	7	+2
6	Harrison County	8	$1.5M	5.4%	13	-5
7	Preston County	8	$415K	5.4%	7	+1
8	Jefferson County	7	$6.9M	4.8%	1	+6
9	Hancock County	7	$1.2M	4.8%	1	+6
10	Pocahontas County	4	$3.9M	2.7%	0	new
11	Marion County	4	$160K	2.7%	7	-3
12	Greenbrier County	3	$350K	2.0%	6	-3
13	Mercer County	3	$2.4M	2.0%	2	+1
14	Hardy County	3	$390K	2.0%	1	+2
15	Morgan County	3	$866K	2.0%	2	+1
16	Lewis County	3	$87K	2.0%	11	-8
17	Randolph County	2	—	1.4%	8	-6
18	Putnam County	2	—	1.4%	5	-3
19	Ohio County	2	—	1.4%	1	+1
20	Pleasants County	2	—	1.4%	0	new
21	Raleigh County	2	—	1.4%	4	-2
22	Wyoming County	2	—	1.4%	0	new
23	Brooke County	2	—	1.4%	2	0
24	Logan County	2	—	1.4%	0	new
25	Upshur County	2	—	1.4%	6	-4
26	Mineral County	2	—	1.4%	2	0
27	Pendleton County	2	—	1.4%	0	new
28	Boone County	1	—	0.7%	3	-2
29	Fayette County	1	—	0.7%	5	-4
30	Jackson County	1	—	0.7%	4	-3
31	Hampshire County	1	—	0.7%	1	0
32	Mingo County	1	—	0.7%	1	0

FY2019 against FY2018

West Virginia	FY2019	FY2018
7(a) approvals	146	162
7(a) dollars	$45.3M	$44.4M
Median 7(a) approval	$101K	$100K
504 approvals	1	2
504 dollars	—	—
Jobs supported, as reported	1,155	1,196

Questions and answers

Which lenders made the most SBA loans in West Virginia in FY2019?

The Huntington National Bank (41), Peoples Bank (15), MVB Bank, Inc. (14), Clear Mountain Bank, Inc. (11), Truist Bank (8). 40 lenders had at least one approval.

How many SBA loans were approved in West Virginia in FY2019?

147: 146 under 7(a) worth $45.3M and 1 under 504 worth —.

Which West Virginia counties had the most SBA approvals in FY2019?

Monongalia County (18), Kanawha County (18), Wood County (13), Cabell County (9), Berkeley County (9).

When does FY2019 start and end?

The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.

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