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SBA lending by metro area

SBA lenders in Fairmont, WV

Which lenders fund Fairmont-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

SBA loans
128
Total funded
$36.3M
Average loan
$284K
7(a) charge-off
4.0%

Top SBA lenders in the Fairmont area

Ranked by SBA volume funded to businesses located in the Fairmont micropolitan 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 77 $11.4M $148K 3.90%
2 MVB Bank, Inc. 10 $864K $86K not reported
3 Clear Mountain Bank, Inc. 7 $242K $35K 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 Fairmont compares

Median funded SBA loan and 504 share of loans, FY2010–2026.

Median loan504 share
Fairmont area $50K ▼ 50.0% 1.6% ▼ 0.7 pts
West Virginia$100K2.3%
United States$179K11.2%

What gets funded in Fairmont

IndustryLoansTotal funded
Accommodation and Food Services 19 $20.8M
Manufacturing 7 $4.1M
Other Services 9 $2.1M
Professional and Technical Services 13 $1.9M
Health Care and Social Assistance 17 $1.8M
Construction 26 $1.6M
Transportation and Warehousing 9 $884K
Administrative and Support 7 $875K

SBA lending in Fairmont by year

Geography, precisely

"Fairmont area" here means the Fairmont, WV micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Marion 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.