SBA lending by metro area
SBA lenders in Charleston, WV
Which lenders fund Charleston-area businesses, how much, and how the market compares with West Virginia: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Charleston area
Ranked by SBA volume funded to businesses located in the Charleston metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 178 | $30.3M | $170K | 3.37% |
| 2 | Fifth Third Bank | 10 | $10.2M | $1.0M | not reported |
| 3 | Live Oak Banking Company | 7 | $9.6M | $1.4M | not reported |
| 4 | Community Trust Bank, Inc. | 6 | $8.3M | $1.4M | not reported |
| 5 | Truist Bank | 36 | $8.1M | $225K | 0.00% |
| 6 | MVB Bank, Inc. | 22 | $5.3M | $242K | 4.55% |
| 7 | Peoples Bank | 11 | $4.3M | $393K | not reported |
| 8 | Newtek Bank, National Association | 6 | $2.0M | $338K | not reported |
| 9 | JPMorgan Chase Bank, National Association | 17 | $2.0M | $119K | not reported |
| 10 | BayFirst National Bank | 7 | $1.3M | $179K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Charleston compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Charleston area | $100K | 0.8% ▼ 1.4 pts |
| West Virginia | $100K | 2.3% |
| United States | $179K | 11.2% |
What gets funded in Charleston
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 38 | $30.5M |
| Health Care and Social Assistance | 55 | $19.7M |
| Retail Trade | 54 | $15.0M |
| Construction | 49 | $13.6M |
| Professional and Technical Services | 38 | $12.2M |
| Other Services | 42 | $10.3M |
| Finance and Insurance | 17 | $6.4M |
| Wholesale Trade | 8 | $3.4M |
SBA lending in Charleston by year
Geography, precisely
"Charleston area" here means the Charleston, WV metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Boone County, WV; Clay County, WV; Kanawha County, WV. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.