West Virginia · Manufacturing
SBA loans for manufacturing in West Virginia
57 loans worth $15.9M approved since FY2010 for manufacturing projects located in West Virginia.
Loans
57
Approved
$15.9M
Median loan
$145,000
-28% vs sector nationally
Median rate
6.25%
Jobs supported
600
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 manufacturing in West Virginia
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 15 | $4.9M | |
| 22nd State Bank, A Division of 22nd State Banking Company | 1 | $2.2M | |
| Clear Mountain Bank, Inc. | 4 | $1.8M | |
| The First Bank and Trust Company | 3 | $866K | |
| Northwest Bank | 2 | $750K | |
| First Merchants Bank | 1 | $744K | |
| MVB Bank, Inc. | 5 | $737K | |
| Regional Development Funding Corporation | 1 | $662K |
Detail
Which industries inside the sector
All SBA lending in West Virginia
2,770 loans across every sector.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in West Virginia?
- 57 SBA loans totalling $15,895,800 have been approved for manufacturing projects in West Virginia since FY2010.
- Which lenders finance manufacturing in West Virginia?
- The most active by dollars approved are The Huntington National Bank, 22nd State Bank, A Division of 22nd State Banking Company, Clear Mountain Bank, Inc., The First Bank and Trust Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in West Virginia?
- The median approval is $145,000, 28% below the national median for this sector ($200,000).
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