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7 active SBA 7(a) lenders in West Virginia, ranked by loan volume.
Lenders
in West Virginia
Total Volume
Median Rate
Median Loan Size
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 8 | $6.6M | P+2.25% | 1.7% |
| 2 | Woodlands Community Lenders, Inc. | 3 | $465K | P+0.00% | 0.0% |
| 3 | Commonwealth Business Bank | 3 | $15.0M | P+1.75% | 0.0% |
| 4 | Community Bank & Trust-West Georgia | 2 | $9.6M | P+2.75% | 2.7% |
| 5 | GBank | 1 | $4.1M | P+1.00% | 0.6% |
| 6 | Community Trust Bank, Inc. | 1 | $215K | P+0.00% | 0.0% |
| 7 | Live Oak Bank | 1 | $2.8M | P+1.50% | 0.8% |
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Customize your search →West Virginia has 7 active SBA 7(a) acquisition lenders that have originated a combined 19 loans totaling $38.9M in volume. The median acquisition loan size in West Virginia is $2805K, with a median interest rate of Prime + 1.75% (Prime + spread).
When evaluating SBA lenders in West Virginia, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
There are currently 7 active SBA 7(a) lenders in West Virginia based on FOIA lending data. These lenders have originated 19 acquisition loans.
The median SBA 7(a) acquisition loan rate in West Virginia is Prime + 1.75% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.