Last annual update:
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:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Huntington National | Columbus, OH | 52 | $103,298 | 7.0% |
| 2 | Clear Mountain Bank | Bruceton Mills, WV | 15 | $79,593 | 6.6% |
| 3 | Premier Bank | Huntington, WV | 13 | $102,392 | 7.0% |
| 4 | MVB Bank | Fairmont, WV | 12 | $110,750 | 5.4% |
| 5 | Citizens Bank of West Virginia | Elkins, WV | 9 | $166,000 | 6.0% |
| 6 | Independence Bank | East Greenwich, RI | 9 | $127,778 | 6.5% |