States › West Virginia › FY2025
FY20251 Oct 2024 – 30 Sep 2025
SBA loans in West Virginia, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 214 loans in West Virginia: 211 under 7(a) and 3 under 504, worth $73.9M.
That is about level with FY2024, when there were 215 approvals worth $94.3M.
West Virginia accounted for 0.3% of the 84,840 approvals nationwide that year. 36 lenders had at least one approval in the state; The Huntington National Bank had the most, 81.
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 36 lenders with the most approvals to West Virginia businesses in FY2025, of 36 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 81 | $16.8M | 37.9% | 100 | -19 |
| 2 | First Community Bank | 7(a) | 19 | $3.4M | 8.9% | 14 | +5 |
| 3 | Northeast Bank | 7(a) | 17 | $3.2M | 7.9% | 3 | +14 |
| 4 | Readycap Lending, LLC | 7(a) | 11 | $1.6M | 5.1% | 4 | +7 |
| 5 | Newtek Bank, National Association | 7(a) | 9 | $3.1M | 4.2% | 4 | +5 |
| 6 | Community Trust Bank, Inc. | 7(a) | 9 | $2.2M | 4.2% | 7 | +2 |
| 7 | Woodlands Community Lenders, Inc. | 7(a) | 9 | $774K | 4.2% | 0 | new |
| 8 | Celtic Bank Corporation | 7(a) | 7 | $1.7M | 3.3% | 2 | +5 |
| 9 | The Citizens Bank of Weston | 7(a) | 5 | $980K | 2.3% | 0 | new |
| 10 | Citizens Bank of West Virginia, Inc | 7(a) | 5 | $788K | 2.3% | 4 | +1 |
| 11 | Manufacturers and Traders Trust Company | 7(a) | 5 | $274K | 2.3% | 8 | -3 |
| 12 | Potomac Bank | 7(a) | 4 | $924K | 1.9% | 2 | +2 |
| 13 | BayFirst National Bank | 7(a) | 4 | $600K | 1.9% | 8 | -4 |
| 14 | GBank | 7(a) | 2 | — | 0.9% | 3 | -1 |
| 15 | Regional Development Funding Corporation | 504 | 2 | — | 0.9% | 2 | 0 |
| 16 | Lendistry SBLC, LLC | 7(a) | 2 | — | 0.9% | 0 | new |
| 17 | Peoples Bank | 7(a) | 2 | — | 0.9% | 4 | -2 |
| 18 | Pendleton Community Bank Inc | 7(a) | 2 | — | 0.9% | 4 | -2 |
| 19 | Clear Mountain Bank, Inc. | 7(a) | 2 | — | 0.9% | 12 | -10 |
| 20 | Commonwealth Business Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 21 | The Bank of Edison | 7(a) | 1 | — | 0.5% | 0 | new |
| 22 | First National Bank of Michigan | 7(a) | 1 | — | 0.5% | 0 | new |
| 23 | FDIC - Community Bank & Trust-West Georgia | 7(a) | 1 | — | 0.5% | 0 | new |
| 24 | Business Finance Group, Inc. | 504 | 1 | — | 0.5% | 1 | 0 |
| 25 | US Metro Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 26 | Live Oak Banking Company | 7(a) | 1 | — | 0.5% | 2 | -1 |
| 27 | VelocitySBA, LLC | 7(a) | 1 | — | 0.5% | 0 | new |
| 28 | First Merchants Bank | 7(a) | 1 | — | 0.5% | 0 | new |
| 29 | Grasshopper Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 30 | Harvest Small Business Finance, LLC | 7(a) | 1 | — | 0.5% | 0 | new |
| 31 | Stearns Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 32 | JPMorgan Chase Bank, National Association | 7(a) | 1 | — | 0.5% | 3 | -2 |
| 33 | Colony Bank | 7(a) | 1 | — | 0.5% | 1 | 0 |
| 34 | CDC Small Business Finance Corp. | 7(a) | 1 | — | 0.5% | 0 | new |
| 35 | U.S. Bank, National Association | 7(a) | 1 | — | 0.5% | 0 | new |
| 36 | Wells Fargo Bank National Association | 7(a) | 1 | — | 0.5% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Monongalia County | 30 | $8.1M | 14.0% | 24 | +6 |
| 2 | Kanawha County | 24 | $7.7M | 11.2% | 22 | +2 |
| 3 | Berkeley County | 12 | $11.7M | 5.6% | 4 | +8 |
| 4 | Cabell County | 11 | $5.2M | 5.1% | 16 | -5 |
| 5 | Putnam County | 11 | $1.7M | 5.1% | 16 | -5 |
| 6 | Marion County | 11 | $1.7M | 5.1% | 8 | +3 |
| 7 | Jefferson County | 9 | $7.4M | 4.2% | 7 | +2 |
| 8 | Mercer County | 9 | $2.3M | 4.2% | 7 | +2 |
| 9 | Randolph County | 8 | $844K | 3.7% | 2 | +6 |
| 10 | Harrison County | 7 | $935K | 3.3% | 15 | -8 |
| 11 | Wood County | 7 | $2.1M | 3.3% | 13 | -6 |
| 12 | Fayette County | 7 | $1.0M | 3.3% | 3 | +4 |
| 13 | Hancock County | 5 | $1.0M | 2.3% | 3 | +2 |
| 14 | Mingo County | 5 | $716K | 2.3% | 3 | +2 |
| 15 | Monroe County | 5 | $1.7M | 2.3% | 2 | +3 |
| 16 | Ohio County | 4 | $6.2M | 1.9% | 9 | -5 |
| 17 | Raleigh County | 4 | $1.5M | 1.9% | 7 | -3 |
| 18 | Braxton County | 3 | $675K | 1.4% | 3 | 0 |
| 19 | Greenbrier County | 3 | $285K | 1.4% | 1 | +2 |
| 20 | Upshur County | 3 | $555K | 1.4% | 3 | 0 |
| 21 | Nicholas County | 3 | $236K | 1.4% | 1 | +2 |
| 22 | Lewis County | 3 | $920K | 1.4% | 8 | -5 |
| 23 | Pocahontas County | 2 | — | 0.9% | 0 | new |
| 24 | Grant County | 2 | — | 0.9% | 0 | new |
| 25 | Boone County | 2 | — | 0.9% | 4 | -2 |
| 26 | Ritchie County | 2 | — | 0.9% | 1 | +1 |
| 27 | Barbour County | 2 | — | 0.9% | 1 | +1 |
| 28 | Wayne County | 2 | — | 0.9% | 1 | +1 |
| 29 | Tucker County | 2 | — | 0.9% | 0 | new |
| 30 | Logan County | 2 | — | 0.9% | 2 | 0 |
| 31 | Preston County | 2 | — | 0.9% | 4 | -2 |
| 32 | Mineral County | 2 | — | 0.9% | 6 | -4 |
| 33 | Hardy County | 1 | — | 0.5% | 1 | 0 |
| 34 | Jackson County | 1 | — | 0.5% | 5 | -4 |
| 35 | Hampshire County | 1 | — | 0.5% | 2 | -1 |
| 36 | Taylor County | 1 | — | 0.5% | 2 | -1 |
| 37 | Pendleton County | 1 | — | 0.5% | 0 | new |
| 38 | Morgan County | 1 | — | 0.5% | 1 | 0 |
| 39 | Mason County | 1 | — | 0.5% | 0 | new |
| 40 | Doddridge County | 1 | — | 0.5% | 0 | new |
The 40 counties with the most approvals; every county is on the West Virginia page.
FY2025 against FY2024
| West Virginia | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 211 | 210 |
| 7(a) dollars | $69.7M | $88.0M |
| Median 7(a) approval | $114K | $100K |
| 504 approvals | 3 | 5 |
| 504 dollars | $4.2M | $6.3M |
| Jobs supported, as reported | 2,254 | 1,587 |
Questions and answers
Which lenders made the most SBA loans in West Virginia in FY2025?
The Huntington National Bank (81), First Community Bank (19), Northeast Bank (17), Readycap Lending, LLC (11), Newtek Bank, National Association (9). 36 lenders had at least one approval.
How many SBA loans were approved in West Virginia in FY2025?
214: 211 under 7(a) worth $69.7M and 3 under 504 worth $4.2M.
Which West Virginia counties had the most SBA approvals in FY2025?
Monongalia County (30), Kanawha County (24), Berkeley County (12), Cabell County (11), Putnam County (11).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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