BlogRankingStateBest West Virginia SBA Lenders & Rates of 2026

Best West Virginia SBA Lenders & Rates of 2026

$58.0M
Total Funded

174
Loans Approved

$333K
Avg Loan Size

9.57%
Avg Interest Rate

35
Active Lenders

SBA Loans in West Virginia

West Virginia businesses received $58.0M in SBA 7(a) loan approvals across 174 businesses in 2025. With 35 active SBA lenders competing for business in West Virginia, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in West Virginia is $333K, with rates averaging 9.57%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in West Virginia (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to West Virginia businesses:

Rank Lender Volume Loans Avg Rate
1 The Huntington National Bank $13.3M 62 9.38%
2 GBank $6.1M 2 8.50%
3 Commonwealth Business Bank $5.0M 1 8.50%
4 The Bank of Edison $5.0M 1 10.00%
5 Live Oak Banking Company $4.3M 2 8.31%
6 Newtek Bank, National Association $3.3M 8 10.81%
7 Northeast Bank $2.8M 14 11.50%
8 First Community Bank $2.5M 18 7.56%
9 Community Trust Bank, Inc. $2.2M 8 8.37%
10 Celtic Bank Corporation $1.7M 7 10.18%
11 US Metro Bank $1.6M 1 9.00%
12 Seacoast National Bank $1.2M 1 8.00%
13 Telhio Credit Union Inc $1.1M 1 9.25%
14 The Citizens Bank of Weston $980K 5 8.40%
15 Readycap Lending, LLC $966K 5 11.65%
16 VelocitySBA, LLC $929K 1 10.25%
17 Woodlands Community Lenders, Inc. $664K 8 8.03%
18 BayFirst National Bank $600K 4 12.25%
19 First Savings Bank $506K 1 10.25%
20 Peoples Bank $450K 2 9.50%

🤝 How to Get an SBA Loan in West Virginia

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across West Virginia and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with West Virginia SBA Lenders

Ready to apply for an SBA loan in West Virginia? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.