West Virginia · Finance & Insurance
SBA loans for finance & insurance in West Virginia
54 loans worth $15.2M approved since FY2010 for finance and insurance projects located in West Virginia.
Loans
54
Approved
$15.2M
Median loan
$87,500
-56% vs sector nationally
Median rate
6.45%
Jobs supported
218
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to finance & insurance in West Virginia
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 3 | $6.6M | |
| The Huntington National Bank | 21 | $3.5M | |
| Clear Mountain Bank, Inc. | 4 | $1.1M | |
| Byline Bank | 3 | $895K | |
| The Grant County Bank | 1 | $570K | |
| Freedom Bank Inc | 3 | $385K | |
| Five Star Bank | 1 | $325K | |
| Readycap Lending, LLC | 1 | $300K |
Detail
Which industries inside the sector
All SBA lending in West Virginia
2,770 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in West Virginia?
- 54 SBA loans totalling $15,237,900 have been approved for finance and insurance projects in West Virginia since FY2010.
- Which lenders finance finance & insurance in West Virginia?
- The most active by dollars approved are Live Oak Banking Company, The Huntington National Bank, Clear Mountain Bank, Inc., Byline Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in West Virginia?
- The median approval is $87,500, 56% below the national median for this sector ($200,000).
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