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 10 SBA Lenders in West Virginia:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Huntington National | Columbus, OH | 51 | $121,825 | 6.4% |
| 2 | MVB Bank | Fairmont, WV | 11 | $79,421 | 5.4% |
| 3 | Community Trust Bank | Pikeville, KY | 7 | $907,643 | 6.5% |
| 4 | Clear Mountain Bank | Bruceton Mills, WV | 5 | $64,840 | 5.5% |
| 5 | JPMorgan Chase Bank | Columbus, OH | 5 | $185,000 | 7.5% |
| 6 | BB&T | Winston Salem, NC | 4 | $81,875 | 6.3% |
| 7 | Live Oak | Wilmington, NC | 4 | $1,466,250 | 6.1% |
| 8 | Fifth Third Bank | Cincinnati, OH | 3 | $978,333 | 5.5% |
| 9 | Newtek Small Business | Lake Success, NY | 3 | $91,333 | 6.9% |
| 10 | The First Bank and Trust | Lebanon, VA | 3 | $766,667 | 5.3% |