SHANE PIERSON · SBA DATA
SBA Lending by State · West Virginia

SBA Lending in West Virginia

West Virginia is a mid-sized SBA market concentrated in food and lodging, growing +21%.

6,001
Total SBA loans
$1.4B
Approved dollars
4.7
Loans per 1,000 businesses / yr
+21%
Growth, 2010s to 2020s
7.7%
Active-loan distress
#48
Rank, national volume
#40
Rank, loans per business

Every SBA 7(a) and 504 loan approved in West Virginia since 1991 sits in the public federal record. West Virginia accounts for 6,001 of them, worth $1.4B, split 5,781 under 7(a) and 220 under 504. Roughly 12% of 7(a) went to startups and new businesses.

Top industries funded in West Virginia

  • Other1,037 loans · $152M
  • Retail908 loans · $155M
  • Food & Lodging556 loans · $260M
  • Personal Services508 loans · $106M
  • Healthcare481 loans · $97M
  • Construction471 loans · $78M

Program mix

5,781
7(a) loans
220
504 loans
12%
To startups & new businesses
88%
To existing businesses
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Drill West Virginia to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.

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Loan counts and dollars cover SBA 7(a) and 504, approved and not cancelled, gross basis. Growth, distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026.