Access the Top SBA Lending for West Virginia Small Business
West Virginia State boasts landscapes and resilient communities providing ground, for small business development. Entrepreneurs, in Charleston and the Appalachian Mountains have plenty of opportunities for success. Small businesses in West Virginia can benefit from support through leading SBA lending programs to fuel their growth and innovation.
West Virginia
The Mountain State
109,300 small businesses
263,036 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of West Virginia
Between March 2021 and March 2022, 5,839 West Virginia establishments opened and 4,113 closed, for a net increase of 1,726. Employment expanded at 10,946 establishments and contracted at 9,355. Small businesses accounted for 5,230 openings and 3,728 closings.
Establishments in West Virginia
Employment in West Virginia
Between March 2021 and March 2022, 5,839 West Virginia establishments opened and 4,113 closed, for a net increase of 1,726. Employment expanded at 10,946 establishments and contracted at 9,355. Small businesses accounted for 5,230 openings and 3,728 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in West Virginia
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $396.0 million in loans to West Virginia businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $380.7 million. Total reported new lending to businesses through loans of $1 million or less was $1.2 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of West Virginia's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in West Virginia
Business Count by Demographic in West Virginia
Total West Virginia Employement by Business Size
Small Business Employment and Payroll by Industry in West Virginia
Source: Business Employment Dynamics (BLS)