SBA loans in West Virginia, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 196 loans in West Virginia: 192 under 7(a) and 4 under 504, worth $90.1M.

That is up 8% on FY2020, when there were 181 approvals worth $49.7M.

West Virginia accounted for 0.3% of the 61,532 approvals nationwide that year. 37 lenders had at least one approval in the state; The Huntington National Bank had the most, 75.

196approvalsFY2020: 181

$90.1Mdollars approvedFY2020: $49.7M

$156Kmedian 7(a) approvalFY2020: $115K

37lenders with an approval

2,131jobs 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 37 lenders with the most approvals to West Virginia businesses in FY2021, of 37 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2020	Change
1	The Huntington National Bank	7(a)	75	$19.7M	38.3%	35	+40
2	Clear Mountain Bank, Inc.	7(a)	31	$8.1M	15.8%	64	-33
3	Peoples Bank	7(a)	13	$4.3M	6.6%	9	+4
4	Citizens Bank of West Virginia, Inc	7(a)	8	$2.8M	4.1%	9	-1
5	Pendleton Community Bank Inc	7(a)	7	$1.3M	3.6%	4	+3
6	Live Oak Banking Company	7(a)	6	$11.0M	3.1%	3	+3
7	Community Trust Bank, Inc.	7(a)	5	$1.1M	2.6%	2	+3
8	First Western SBLC, LLC	7(a)	4	$11.2M	2.0%	2	+2
9	Manufacturers and Traders Trust Company	7(a)	4	$865K	2.0%	3	+1
10	First Commonwealth Bank	7(a)	3	$3.6M	1.5%	0	new
11	Fifth Third Bank	7(a)	3	$2.3M	1.5%	1	+2
12	WesBanco Bank, Inc.	7(a)	3	$600K	1.5%	2	+1
13	United Midwest Savings Bank National Association	7(a)	3	$375K	1.5%	2	+1
14	Freedom Bank Inc	7(a)	3	$367K	1.5%	2	+1
15	GBank	7(a)	2	—	1.0%	1	+1
16	Fund-Ex Solutions Group, LLC	7(a)	2	—	1.0%	0	new
17	Business Finance Group, Inc.	504	2	—	1.0%	2	0
18	MVB Bank, Inc.	7(a)	2	—	1.0%	9	-7
19	Potomac Bank	7(a)	2	—	1.0%	2	0
20	First Bank of the Lake	7(a)	1	—	0.5%	0	new
21	Regional Development Funding Corporation	504	1	—	0.5%	2	-1
22	First Financial Bank	7(a)	1	—	0.5%	0	new
23	Newtek Small Business Finance, Inc.	7(a)	1	—	0.5%	1	0
24	First Neighborhood Bank	7(a)	1	—	0.5%	0	new
25	UniBank	7(a)	1	—	0.5%	0	new
26	The Bancorp Bank National Association	7(a)	1	—	0.5%	1	0
27	Citizens Bank	7(a)	1	—	0.5%	0	new
28	The Citizens Bank of Weston	7(a)	1	—	0.5%	0	new
29	504 Capital Corporation	504	1	—	0.5%	0	new
30	The Harrison County Bank	7(a)	1	—	0.5%	0	new
31	The Bank of Romney	7(a)	1	—	0.5%	1	0
32	PNC Bank, National Association	7(a)	1	—	0.5%	0	new
33	Community Bank	7(a)	1	—	0.5%	1	0
34	Paragon Bank	7(a)	1	—	0.5%	0	new
35	The Grant County Bank	7(a)	1	—	0.5%	2	-1
36	Mountain Valley Bank National Association	7(a)	1	—	0.5%	2	-1
37	Wells Fargo Bank National Association	7(a)	1	—	0.5%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2020	Change
1	Monongalia County	29	$9.8M	14.8%	61	-32
2	Harrison County	20	$12.3M	10.2%	14	+6
3	Wood County	16	$5.9M	8.2%	3	+13
4	Marion County	13	$5.4M	6.6%	11	+2
5	Cabell County	12	$3.6M	6.1%	11	+1
6	Kanawha County	11	$2.6M	5.6%	22	-11
7	Putnam County	9	$1.4M	4.6%	5	+4
8	Preston County	9	$3.5M	4.6%	7	+2
9	Randolph County	8	$3.4M	4.1%	4	+4
10	Lewis County	6	$2.2M	3.1%	1	+5
11	Jefferson County	5	$5.9M	2.6%	6	-1
12	Ohio County	4	$1.0M	2.0%	5	-1
13	Hancock County	4	$3.7M	2.0%	0	new
14	Jackson County	4	$649K	2.0%	2	+2
15	Morgan County	4	$1.3M	2.0%	2	+2
16	Berkeley County	3	$795K	1.5%	2	+1
17	Taylor County	3	$4.7M	1.5%	2	+1
18	Upshur County	3	$1.4M	1.5%	3	0
19	Pendleton County	3	$1.0M	1.5%	0	new
20	Mingo County	3	$1.9M	1.5%	2	+1
21	Pleasants County	2	—	1.0%	0	new
22	Marshall County	2	—	1.0%	1	+1
23	Raleigh County	2	—	1.0%	0	new
24	Fayette County	2	—	1.0%	0	new
25	Mercer County	2	—	1.0%	0	new
26	Hardy County	2	—	1.0%	2	0
27	Nicholas County	2	—	1.0%	0	new
28	Lincoln County	2	—	1.0%	0	new
29	Mineral County	2	—	1.0%	4	-2
30	Pocahontas County	1	—	0.5%	0	new
31	Boone County	1	—	0.5%	0	new
32	Braxton County	1	—	0.5%	1	0
33	Barbour County	1	—	0.5%	3	-2
34	Greenbrier County	1	—	0.5%	1	0
35	Hampshire County	1	—	0.5%	1	0
36	McDowell County	1	—	0.5%	0	new
37	Webster County	1	—	0.5%	0	new
38	Monroe County	1	—	0.5%	0	new

FY2021 against FY2020

West Virginia	FY2021	FY2020
7(a) approvals	192	177
7(a) dollars	$88.0M	$48.8M
Median 7(a) approval	$156K	$115K
504 approvals	4	4
504 dollars	$2.1M	$945K
Jobs supported, as reported	2,131	1,041

Questions and answers

Which lenders made the most SBA loans in West Virginia in FY2021?

The Huntington National Bank (75), Clear Mountain Bank, Inc. (31), Peoples Bank (13), Citizens Bank of West Virginia, Inc (8), Pendleton Community Bank Inc (7). 37 lenders had at least one approval.

How many SBA loans were approved in West Virginia in FY2021?

196: 192 under 7(a) worth $88.0M and 4 under 504 worth $2.1M.

Which West Virginia counties had the most SBA approvals in FY2021?

Monongalia County (29), Harrison County (20), Wood County (16), Marion County (13), Cabell County (12).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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