West Virginia · Retail
SBA loans for retail in West Virginia
224 loans worth $67.6M approved since FY2010 for retail trade projects located in West Virginia.
Loans
224
Approved
$67.6M
Median loan
$138,700
-45% vs sector nationally
Median rate
6.00%
Jobs supported
1,529
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 retail in West Virginia
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 70 | $15.1M | |
| Live Oak Banking Company | 13 | $14.7M | |
| MVB Bank, Inc. | 20 | $5.8M | |
| Truist Bank | 24 | $3.6M | |
| Clear Mountain Bank, Inc. | 10 | $2.6M | |
| Peoples Bank | 10 | $2.5M | |
| Business Finance Group, Inc. | 3 | $2.3M | |
| First Bank | 1 | $1.8M |
Detail
Which industries inside the sector
All SBA lending in West Virginia
2,770 loans across every sector.
Retail nationally
91,542 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to retail businesses in West Virginia?
- 224 SBA loans totalling $67,624,900 have been approved for retail trade projects in West Virginia since FY2010.
- Which lenders finance retail in West Virginia?
- The most active by dollars approved are The Huntington National Bank, Live Oak Banking Company, MVB Bank, Inc., Truist Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for retail in West Virginia?
- The median approval is $138,700, 45% below the national median for this sector ($250,000).
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