West Virginia SBA Loan Data
6,801 loans totaling $1.5B across all SBA programs.
Total Loans
6,801
1991–2025
Total Volume
$1.5B
Gross approval amount
Avg Loan Size
$224K
Median: $81K
Avg Interest Rate
6.82%
Default rate: 15.0%
West Virginia Loan Status
Active13.5%
Paid in Full59.3%
Charged Off12.9%
Cancelled13.3%
Committed1%
Download State Data
Get the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
West Virginia Annual Lending Volume
Number of Loans per Year
Top Industries
Loan Size Distribution
Top Lenders in West Virginia
| Lender | Loans | Volume▼ | Avg Size | Avg Rate | Default Rate |
|---|---|---|---|---|---|
| The Huntington National Bank | 1,427 | $241.0M | $169K | 7.00% | 7.5% |
| Truist Bank | 734 | $104.4M | $142K | 6.04% | 19.3% |
| JPMorgan Chase Bank, National Association | 514 | $83.7M | $163K | 7.28% | 18.5% |
| MVB Bank, Inc. | 279 | $65.4M | $235K | 5.29% | 4.6% |
| WesBanco Bank, Inc. | 333 | $55.3M | $166K | 5.81% | 16.2% |
| Live Oak Banking Company | 44 | $48.1M | $1.1M | 6.20% | 7.0% |
| United Bank | 256 | $43.8M | $171K | 5.01% | 17.9% |
| GBank | 12 | $37.5M | $3.1M | 7.27% | 0.0% |
| Peoples Bank | 135 | $34.9M | $258K | 6.54% | 11.4% |
| Clear Mountain Bank, Inc. | 169 | $33.3M | $197K | 5.23% | 3.4% |
| City National Bank of West Virginia | 263 | $32.0M | $122K | N/A | 30.5% |
| First Western SBLC, Inc | 13 | $29.9M | $2.3M | 6.70% | 7.7% |
| Community Trust Bank, Inc. | 96 | $28.9M | $302K | 6.28% | 9.2% |
| Citizens Bank of West Virginia, Inc | 92 | $21.1M | $230K | 6.57% | 2.3% |
| Readycap Lending, LLC | 44 | $20.2M | $459K | 12.19% | 20.6% |
| Fifth Third Bank | 41 | $19.5M | $475K | 6.54% | 8.6% |
| One Valley Bank, Inc | 103 | $18.7M | $182K | N/A | 1.1% |
| Freedom Bank Inc | 75 | $15.5M | $206K | 6.05% | 23.2% |
| Potomac Bank | 41 | $13.1M | $319K | 7.71% | 5.6% |
| BankUnited, National Association | 6 | $12.2M | $2.0M | 5.70% | 0.0% |
| First Community Bank | 84 | $12.1M | $144K | 7.94% | 14.5% |
| Unified Bank | 87 | $11.2M | $129K | 5.82% | 19.7% |
| Citizens Bank | 5 | $11.1M | $2.2M | 6.38% | 25.0% |
| Pendleton Community Bank Inc | 46 | $10.9M | $238K | 6.80% | 11.6% |
| Newtek Small Business Finance, Inc. | 24 | $10.6M | $441K | 7.51% | 6.3% |
Top Counties in West Virginia
| County | Loans | Volume▼ |
|---|---|---|
| Kanawha → | 795 | $180.9M |
| Cabell → | 584 | $138.9M |
| Monongalia → | 537 | $132.8M |
| Wood → | 409 | $101.7M |
| Harrison → | 478 | $93.0M |
| Berkeley → | 258 | $84.9M |
| Ohio → | 329 | $68.4M |
| Marion → | 285 | $59.4M |
| Jefferson → | 142 | $53.7M |
| Raleigh → | 259 | $51.6M |
| Randolph → | 215 | $41.5M |
| Hancock → | 161 | $37.3M |
| Putnam → | 221 | $36.0M |
| Mercer → | 112 | $33.2M |
| Marshall → | 90 | $29.6M |
| Fayette → | 150 | $27.2M |
| Wayne → | 127 | $25.8M |
| Upshur → | 116 | $22.1M |
| Greenbrier → | 111 | $22.0M |
| Preston → | 109 | $16.5M |
| Lewis → | 76 | $15.6M |
| Wetzel → | 81 | $14.9M |
| Brooke → | 75 | $14.9M |
| Braxton → | 38 | $13.8M |
| Barbour → | 62 | $12.7M |
Showing 1–25 of 30
Running a business in West Virginia with an SBA loan?
Mazeka Labs helps SBA operators save money, build systems, and connect with peers who understand the journey. Members save an average of $5,000+/year on refinancing alone.
Learn about the community →