SBA Lenders in West Virginia
17 active SBA lenders · 833 loans approved · $459.5M total volume
All SBA Lenders in West Virginia
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| WesBanco Bank, Inc. | WHEELING | 285 | $165.5M | $581K | ⭐ |
| MVB Bank, Inc. | FAIRMONT | 166 | $193.9M | $1.2M | ⭐ |
| Clear Mountain Bank, Inc. | BRUCETON MILLS | 149 | $32.1M | $216K | — |
| Potomac Bank | CHARLES TOWN | 90 | $36.2M | $403K | ⭐ |
| Citizens Bank of West Virginia, Inc | Elkins | 50 | $10.8M | $216K | — |
| Pendleton Community Bank Inc | FRANKLIN | 31 | $9.2M | $297K | — |
| Partner Community Capital | Charles Town | 10 | $2.3M | $226K | — |
| FNB Bank, Inc. | ROMNEY | 10 | $2.2M | $224K | — |
| Woodlands Community Lenders, Inc. | Elkins | 9 | $774K | $86K | ⭐ |
| The Citizens Bank of Weston | WESTON | 8 | $1.9M | $233K | — |
| Freedom Bank Inc | Philippi | 7 | $1.2M | $170K | — |
| Mountain Valley Bank, National Association | Elkins | 6 | $338K | $56K | — |
| The Grant County Bank | PETERSBURG | 4 | $906K | $226K | — |
| West Union Bank | West Union | 3 | $500K | $167K | — |
| The Harrison County Bank | LOST CREEK | 2 | $413K | $206K | — |
| The Bank of Romney | ROMNEY | 2 | $442K | $221K | — |
| First Neighborhood Bank | Spencer | 1 | $833K | $833K | — |
Finding an SBA Lender in West Virginia
There are currently 17 SBA-approved lenders headquartered in West Virginia, ranging from national banks to local community lenders. Together they have approved 833 SBA 7(a) loans totaling $459.5M since 2020.
Of these, 4 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for West Virginia
How many SBA lenders are in West Virginia?
There are currently 17 SBA-approved lenders headquartered in West Virginia. Together they have approved 833 SBA 7(a) loans totaling $459.5M since 2020. Of these, 4 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in West Virginia?
An SBA Preferred Lender (PLP) in West Virginia is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. West Virginia currently has 4 Preferred Lenders.
How do I choose the best SBA lender in West Virginia?
When choosing an SBA lender in West Virginia, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 17 West Virginia lenders so you can compare objectively.
How long does SBA loan approval take in West Virginia?
With an SBA Preferred Lender in West Virginia, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.