SBA 7(a) loans in West Virginia
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
491loans approved
$114,300median loan
$50K–$283Kmiddle half of loans
$195.8Mtotal approved
10%median initial rate
10 yrsmedian term
The median West Virginia loan is 35% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 19 | $180,000 |
| Full-Service Restaurants (722511) | 17 | $50,000 |
| Hotels (except Casino Hotels) and Motels (721110) | 17 | $2,625,000 |
| Child Day Care Services (624410) | 15 | $73,400 |
| Site Preparation Contractors (238910) | 13 | $177,300 |
| Limited-Service Restaurants (722513) | 13 | $115,000 |
| Fitness and Recreational Sports Centers (713940) | 12 | $185,000 |
| General Freight Trucking, Local (484110) | 11 | $45,000 |
Most active lenders in West Virginia
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 198 | $50,000 | $38.5M |
| First Community Bank | 40 | $130,500 | $6.2M |
| Manufacturers and Traders Trust Company | 26 | $37,500 | $2.4M |
| Community Trust Bank, INC. | 21 | $185,000 | $11.0M |
| Clear Mountain Bank, INC. | 20 | $50,000 | $1.8M |
| Newtek Bank, National Association | 17 | $200,000 | $4.9M |
| Readycap Lending, LLC | 14 | $134,250 | $2.5M |
| Peoples Bank | 12 | $162,000 | $4.4M |
| Citizens Bank of West Virginia, INC | 10 | $187,500 | $2.3M |
| Bayfirst National Bank | 10 | $150,000 | $1.5M |
SBA 504 loans in West Virginia
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
13504 loans approved
$456,000median CDC portion
$14.5Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.