SBA loans in West Virginia, FY2020

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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 181 loans in West Virginia: 177 under 7(a) and 4 under 504, worth $49.7M.

That is up 23% on FY2019, when there were 147 approvals worth $46.9M.

West Virginia accounted for 0.4% of the 49,417 approvals nationwide that year. 39 lenders had at least one approval in the state; Clear Mountain Bank, Inc. had the most, 64.

181approvalsFY2019: 147

$49.7Mdollars approvedFY2019: $46.9M

$115Kmedian 7(a) approvalFY2019: $101K

39lenders with an approval

1,041jobs 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 39 lenders with the most approvals to West Virginia businesses in FY2020, of 39 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2019	Change
1	Clear Mountain Bank, Inc.	7(a)	64	$15.0M	35.4%	11	+53
2	The Huntington National Bank	7(a)	35	$4.1M	19.3%	41	-6
3	Citizens Bank of West Virginia, Inc	7(a)	9	$1.8M	5.0%	3	+6
4	Peoples Bank	7(a)	9	$1.6M	5.0%	15	-6
5	MVB Bank, Inc.	7(a)	9	$1.0M	5.0%	14	-5
6	Pendleton Community Bank Inc	7(a)	4	$155K	2.2%	5	-1
7	Live Oak Banking Company	7(a)	3	$2.9M	1.7%	3	0
8	JPMorgan Chase Bank, National Association	7(a)	3	$669K	1.7%	2	+1
9	Manufacturers and Traders Trust Company	7(a)	3	$345K	1.7%	1	+2
10	First Western SBLC, LLC	7(a)	2	—	1.1%	0	new
11	WesBanco Bank, Inc.	7(a)	2	—	1.1%	0	new
12	The Grant County Bank	7(a)	2	—	1.1%	1	+1
13	Five Star Bank	7(a)	2	—	1.1%	0	new
14	BayFirst National Bank	7(a)	2	—	1.1%	0	new
15	Regional Development Funding Corporation	504	2	—	1.1%	1	+1
16	Community Trust Bank, Inc.	7(a)	2	—	1.1%	2	0
17	Freedom Bank Inc	7(a)	2	—	1.1%	0	new
18	United Midwest Savings Bank National Association	7(a)	2	—	1.1%	3	-1
19	Business Finance Group, Inc.	504	2	—	1.1%	0	new
20	Potomac Bank	7(a)	2	—	1.1%	1	+1
21	Mountain Valley Bank National Association	7(a)	2	—	1.1%	1	+1
22	Enterprise Bank & Trust	7(a)	1	—	0.6%	1	0
23	First National Bank of Pennsylvania	7(a)	1	—	0.6%	0	new
24	GBank	7(a)	1	—	0.6%	2	-1
25	The Bancorp Bank National Association	7(a)	1	—	0.6%	1	0
26	Newtek Small Business Finance, Inc.	7(a)	1	—	0.6%	4	-3
27	Fifth Third Bank	7(a)	1	—	0.6%	2	-1
28	Port 51 Lending LLC	7(a)	1	—	0.6%	0	new
29	Gulf Coast Bank and Trust Company	7(a)	1	—	0.6%	0	new
30	Readycap Lending, LLC	7(a)	1	—	0.6%	0	new
31	First Internet Bank of Indiana	7(a)	1	—	0.6%	0	new
32	Byline Bank	7(a)	1	—	0.6%	0	new
33	Capital Bank, National Association	7(a)	1	—	0.6%	0	new
34	Community Bank	7(a)	1	—	0.6%	0	new
35	The Bank of Romney	7(a)	1	—	0.6%	1	0
36	Unified Bank	7(a)	1	—	0.6%	0	new
37	Celtic Bank Corporation	7(a)	1	—	0.6%	1	0
38	U.S. Bank, National Association	7(a)	1	—	0.6%	0	new
39	Blue Ridge Bank National Association	7(a)	1	—	0.6%	1	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2019	Change
1	Monongalia County	61	$15.9M	33.7%	18	+43
2	Kanawha County	22	$5.8M	12.2%	18	+4
3	Harrison County	14	$2.4M	7.7%	8	+6
4	Cabell County	11	$1.4M	6.1%	9	+2
5	Marion County	11	$7.1M	6.1%	4	+7
6	Preston County	7	$1.6M	3.9%	8	-1
7	Jefferson County	6	$686K	3.3%	7	-1
8	Putnam County	5	$504K	2.8%	2	+3
9	Ohio County	5	$2.2M	2.8%	2	+3
10	Randolph County	4	$802K	2.2%	2	+2
11	Mineral County	4	$1.3M	2.2%	2	+2
12	Wood County	3	$869K	1.7%	13	-10
13	Barbour County	3	$435K	1.7%	0	new
14	Upshur County	3	$1.1M	1.7%	2	+1
15	Berkeley County	2	—	1.1%	9	-7
16	Hardy County	2	—	1.1%	3	-1
17	Jackson County	2	—	1.1%	1	+1
18	Taylor County	2	—	1.1%	0	new
19	Morgan County	2	—	1.1%	3	-1
20	Mingo County	2	—	1.1%	1	+1
21	Wetzel County	2	—	1.1%	0	new
22	Grant County	1	—	0.6%	0	new
23	Marshall County	1	—	0.6%	0	new
24	Braxton County	1	—	0.6%	0	new
25	Wayne County	1	—	0.6%	0	new
26	Greenbrier County	1	—	0.6%	3	-2
27	Hampshire County	1	—	0.6%	1	0
28	Brooke County	1	—	0.6%	2	-1
29	Lewis County	1	—	0.6%	3	-2

FY2020 against FY2019

West Virginia	FY2020	FY2019
7(a) approvals	177	146
7(a) dollars	$48.8M	$45.3M
Median 7(a) approval	$115K	$101K
504 approvals	4	1
504 dollars	$945K	—
Jobs supported, as reported	1,041	1,155

Questions and answers

Which lenders made the most SBA loans in West Virginia in FY2020?

Clear Mountain Bank, Inc. (64), The Huntington National Bank (35), Citizens Bank of West Virginia, Inc (9), Peoples Bank (9), MVB Bank, Inc. (9). 39 lenders had at least one approval.

How many SBA loans were approved in West Virginia in FY2020?

181: 177 under 7(a) worth $48.8M and 4 under 504 worth $945K.

Which West Virginia counties had the most SBA approvals in FY2020?

Monongalia County (61), Kanawha County (22), Harrison County (14), Cabell County (11), Marion County (11).

When does FY2020 start and end?

The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.

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