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Geography · SBA lending record

SBA lenders in West Virginia

684 SBA 7(a) loans in the last five years, from 66 different lenders. Here is who actually lends here.

Loans, last 5 years
684
Lent
$271.2M
last 5 fiscal years
Active lenders
66
wrote at least one loan
Typical loan
$110k
median approved
Default rate
2.2%
nationally 2.1%

Who lends here most

last 5 fiscal years
Lender Loans in WVTypical loan Typical rate
The Huntington National Bank310$50kP+2.22
First Community Bank36$120kP+1.05
Citizens Bank of West Virginia, Inc · too few loans nationally for a page30$168kP+0.72
Community Trust Bank, Inc.27$155kP+0.98
Clear Mountain Bank, Inc. · too few loans nationally for a page24$70kP+0.70
Manufacturers and Traders Trust Company23$35kP+4.26
BayFirst National Bank19$150kP+3.97
Potomac Bank19$288kP+2.39
Live Oak Banking Company16$968kP+1.67
Readycap Lending, LLC14$84kP+4.70

The Huntington National Bank alone writes 45% of the SBA loans in West Virginia. That is worth knowing both ways — they clearly know this market, and you should still get a second quote, because a dominant lender has little reason to sharpen its pencil.

Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.

What gets funded here

by industry
Full-Service Restaurants
5%
Plumbing, Heating, and Air-Conditioning Contractors
3%
Hotels (except Casino Hotels) and Motels
3%
Site Preparation Contractors
2%
Limited-Service Restaurants
2%
Residential Remodelers
2%
Everything else
82%

How big the loans are

Under $150k
61%
$150k – $350k
17%
$350k – $750k
9%
$750k – $2M
8%
Over $2M
5%

If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.

Next

Compare all lenders → Check your eligibility → Find your industry →

Source SBA 7(a) FOIA Released 2026-06-30 Basis where the project is, not where the bank is

SBA lending in other states

States with comparable volume, plus the three largest markets.