SBA lending by state
SBA Lending in West Virginia
In West Virginia, SBA lenders funded 1,244 7(a) and 504 loans totaling $482.9M, an average of $388K per loan. The most active lender is The Huntington National Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
1,244
Total volume
$482.9M
Average loan size
$388K
Most active SBA lenders in West Virginia
| Lender | Loans | Total volume |
|---|---|---|
| The Huntington National Bank | 470 | $97.1M |
| Live Oak Banking Company | 25 | $34.8M |
| Regional Development Funding Corporation | 37 | $32.0M |
| GBank | 10 | $29.9M |
| Clear Mountain Bank, Inc. | 125 | $28.1M |
| First Western SBLC, Inc | 10 | $26.3M |
| Peoples Bank | 35 | $13.7M |
| Business Finance Group, Inc. | 21 | $12.5M |
Top industries funded in West Virginia
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 176 | $142.6M |
| Other Services | 155 | $45.4M |
| Health Care and Social Assistance | 142 | $43.7M |
| Construction | 165 | $40.9M |
| Manufacturing | 66 | $40.2M |
| Retail Trade | 124 | $37.6M |
| Professional and Technical Services | 92 | $36.9M |
| Wholesale Trade | 33 | $20.0M |
SBA lending in West Virginia by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 9 | $5.6M |
| 2011 | 4 | $2.4M |
| 2012 | 7 | $6.6M |
| 2014 | 3 | $2.2M |
| 2015 | 3 | $2.2M |
| 2016 | 2 | $737K |
| 2017 | 2 | $472K |
| 2018 | 2 | $667K |
| 2019 | 1 | $1.6M |
| 2020 | 181 | $49.7M |
| 2021 | 196 | $90.1M |
| 2022 | 172 | $64.0M |
| 2023 | 161 | $57.5M |
| 2024 | 213 | $90.9M |
| 2025 | 215 | $76.1M |
| 2026 | 73 | $31.9M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.