872 SBA loans worth $340.1M went to West Virginia businesses between October 2021 and June 2026, from 78 lenders. Huntington National Bank made the most 7(a) loans, 367 or 43% of the state's total, and the ten most active lenders made 74%. The median 7(a) loan was $109,750, below the national median of $158,000. Construction was the most financed industry, at 14% of loans. Annual loan count rose 33% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 367 | $74.7M | $50,000 | 31% | Construction |
| 2 | First Community Bank Bank · Bluefield, VA | 42 | $6.0M | $120,400 | 74% | Transportation and warehousing |
| 3 | Citizens Bank of West Virginia Bank · Elkins, WV | 34 | $6.5M | $157,500 | 56% | Other services (repair, personal care) |
| 4 | Community Trust Bank Bank · Pikeville, KY | 31 | $14.8M | $170,000 | 19% | Construction |
| 5 | Clear Mountain Bank Bank · Bruceton Mills, WV | 30 | $5.0M | $75,000 | 43% | Construction |
| 6 | Manufacturers and Traders Trust Bank · Buffalo, NY | 30 | $2.5M | $32,500 | 50% | Other services (repair, personal care) |
| 7 | Northeast Bank Bank · Portland, ME | 28 | $4.6M | $125,900 | 21% | Construction |
| 8 | Newtek Bank Bank · Miami, FL | 27 | $8.0M | $250,000 | 11% | Health care and social assistance |
| 9 | BayFirst National Bank Bank · St. Petersburg, FL | 21 | $3.1M | $150,000 | 0% | Retail |
| 10 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 20 | $4.8M | $84,250 | 5% | Other services (repair, personal care) |
| 11 | Potomac Bank Bank · Charles Town, WV | 19 | $9.8M | $288,000 | 68% | Other services (repair, personal care) |
| 12 | Live Oak Banking Bank · Wilmington, NC | 16 | $20.9M | $967,500 | 19% | Other services (repair, personal care) |
| 13 | Peoples Bank Bank · Marietta, OH | 16 | $6.2M | $162,000 | 81% | Other services (repair, personal care) |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 12 | $3.5M | $150,000 | 17% | Restaurants and hotels |
| 15 | Woodlands Community Lenders Non-bank lender · Elkins, WV | 10 | $896K | $85,000 | 80% | Retail |
| 16 | GBank Bank · Las Vegas, NV | 8 | $24.3M | $2,737,500 | 25% | Restaurants and hotels |
| 17 | Pendleton Community Bank Bank · Franklin, WV | 8 | $5.1M | $190,550 | 50% | Other services (repair, personal care) |
| 18 | Citizens Bank of Weston Bank · Weston, WV | 8 | $1.6M | $150,000 | 75% | Health care and social assistance |
| 19 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 7 | $2.5M | $200,000 | 14% | Construction |
| 20 | First Bank and Trust Bank · Lebanon, VA | 6 | $2.3M | $323,500 | 0% | Utilities |
| 21 | PNC Bank Bank · Wilmington, DE | 6 | $1.8M | $133,000 | 50% | Retail |
| 22 | FNB Bank Bank · Romney, WV | 6 | $1.7M | $276,900 | 50% | Professional and technical services |
| 23 | JPMorgan Chase Bank Bank · Columbus, OH | 6 | $1.5M | $205,000 | 33% | Construction |
| 24 | Fifth Third Bank Bank · Cincinnati, OH | 5 | $5.4M | $377,000 | 20% | Health care and social assistance |
| 25 | WesBanco Bank Bank · Wheeling, WV | 5 | $5.3M | $697,500 | 60% | Arts, entertainment and recreation |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Business Finance Group Fairfax, VA | 13 | $13.1M | $378,000 |
| 2 | Regional Development Funding Pittsburgh, PA | 8 | $9.5M | $862,000 |
| 3 | Community Capital Development Dublin, OH | 1 | $602K | $602,000 |
| 4 | Florida First Capital Finance Corporation Tallahassee, FL | 1 | $831K | $831,000 |
| 5 | Rappahannock Economic Development Fredericksburg, VA | 1 | $456K | $456,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 123 | $100,000 | Huntington National Bank | |
| Restaurants and hotels | 116 | $199,250 | Huntington National Bank | |
| Other services (repair, personal care) | 111 | $75,000 | Huntington National Bank | |
| Health care and social assistance | 101 | $128,100 | Huntington National Bank | |
| Retail | 96 | $137,500 | Huntington National Bank | |
| Professional and technical services | 59 | $150,000 | Huntington National Bank | |
| Transportation and warehousing | 50 | $55,850 | Huntington National Bank | |
| Manufacturing | 45 | $135,700 | Huntington National Bank | |
| Administrative and support services | 37 | $150,000 | Huntington National Bank | |
| Arts, entertainment and recreation | 32 | $183,100 | Huntington National Bank | |
| Wholesale trade | 28 | $150,000 | Huntington National Bank | |
| Real estate and rental | 24 | $184,500 | Huntington National Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Morgantown | 97 | $29.1M | $75,000 | Huntington National Bank |
| Charleston | 44 | $27.3M | $149,600 | Huntington National Bank |
| Huntington | 34 | $15.6M | $50,000 | Huntington National Bank |
| Fairmont | 28 | $8.2M | $95,000 | Huntington National Bank |
| Martinsburg | 25 | $25.4M | $456,000 | Potomac Bank |
| Beckley | 24 | $10.4M | $165,000 | First Community Bank |
| South Charleston | 23 | $8.5M | $144,000 | Huntington National Bank |
| Elkins | 22 | $3.8M | $107,750 | Citizens Bank of West Virginia |
| Wheeling | 21 | $9.4M | $143,000 | Huntington National Bank |
| Weirton | 18 | $4.8M | $50,000 | Huntington National Bank |
| Bridgeport | 18 | $4.4M | $99,900 | Huntington National Bank |
| Scott Depot | 18 | $3.9M | $87,500 | Huntington National Bank |
| Clarksburg | 18 | $2.4M | $50,000 | Huntington National Bank |
| Hurricane | 16 | $5.5M | $75,000 | Huntington National Bank |
| Barboursville | 14 | $8.1M | $139,000 | Huntington National Bank |
5 West Virginia cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.