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West Virginia PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | United Bank | 1,769 |
| 2 | WesBanco Bank | 1,382 |
| 3 | City National Bank of West Virginia | 951 |
| 4 | Premier Bank | 819 |
| 5 | Truist Bank d/b/a Branch Banking & Trust Co | 788 |
| 6 | The Huntington National Bank | 749 |
| 7 | Clear Mountain Bank | 497 |
| 8 | Summit Community Bank | 435 |
| 9 | Peoples Bank | 394 |
| 10 | JPMorgan Chase Bank | 327 |
A few West Virginia-based banks were among the largest lenders to “The Mountain State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in West Virginia:
Most active SBA lenders in West Virginia
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Columbus, OH | 42 | $141,312 | 7.1% |
| 2 | MVB Bank | Fairmont, WV | 16 | $119,074 | 5.7% |
| 3 | Premier Bank | Huntington, WV | 10 | $163,890 | 6.7% |
| 4 | Clear Mountain Bank | Bruceton Mills, WV | 8 | $103,600 | 6.1% |
| 5 | BB&T | Winston Salem, NC | 7 | $364,171 | 6.7% |
| 6 | Newtek Small Business Finance | Lake Success, NY | 5 | $528,040 | 8.1% |
| 7 | Peoples Bank | Marietta, OH | 5 | $108,700 | 7.9% |
| 8 | JPMorgan Chase Bank | Columbus, OH | 4 | $192,500 | 8.5% |
| 9 | United Midwest Savings Bank | De Graff, OH | 4 | $150,000 | 8.1% |
| 10 | Independence Bank | East Greenwich, RI | 4 | $122,500 | 8.3% |
| 11 | The First Bank and Trust | Lebanon, VA | 3 | $288,733 | 6.1% |
| 12 | M&T | Buffalo, NY | 3 | $108,167 | 8.4% |
| 13 | Citizens Bank of West Virginia | Elkins, WV | 3 | $102,567 | 6.9% |
Traditional small biz loan inquiry
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Note: West Virginia PPP loan activity data from the CARES Act from March – August and does not include 2021 PPP loans.