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SBA lenders in Charleston, WV

SBA 7(a) and 504 loans to businesses in Charleston (Kanawha County), October 2021 to June 30, 2026 · Updated October 15, 2026
44
SBA loans approved
$27.3M
Total approved
$149,600
Median loan
13
Lenders active
30%
To startups

44 SBA loans worth $27.3M went to businesses in Charleston, WV between October 2021 and June 2026, from 13 lenders. Huntington National Bank made the most, 25 loans. The median loan was $149,600, compared with $120,000 across West Virginia, and construction was the most financed industry.

Most active SBA lenders in Charleston

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
25$3.9M$66,10032%
2Community Trust Bank
Bank · Pikeville, KY
4$3.5M$642,00025%
3Business Finance Group
Certified development company · Fairfax, VA
2$5.8M$2,890,00050%
4Fifth Third Bank
Bank · Cincinnati, OH
2$4.6M$2,276,1500%
5BayFirst National Bank
Bank · St. Petersburg, FL
2$300K$150,0000%
6Northeast Bank
Bank · Portland, ME
2$295K$147,5000%
7GBank
Bank · Las Vegas, NV
1$2.9M$2,850,0000%
8Live Oak Banking
Bank · Wilmington, NC
1$2.6M$2,650,0000%
9Incommons Bank
Bank · Mexia, TX
1$1.2M$1,240,000100%
10Readycap Lending
Non-bank lender · Berkeley Heights, NJ
1$1.1M$1,144,000100%
11Clear Mountain Bank
Bank · Bruceton Mills, WV
1$500K$500,0000%
12Gulf Coast Bank and Trust
Bank · New Orleans, LA
1$294K$294,500100%
13Newtek Bank
Bank · Miami, FL
1$225K$225,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Charleston. For 504 loans the lender shown is the certified development company.

What gets financed in Charleston

IndustryLoansShareMedian loanMost active lender
Construction11
25%
$100,000Huntington National Bank
Restaurants and hotels8
18%
$1,192,000Huntington National Bank
Health care and social assistance7
16%
$85,000Huntington National Bank
Professional and technical services5
11%
$45,000Huntington National Bank
Education2
5%
$70,200Huntington National Bank
Other services (repair, personal care)2
5%
$275,000Clear Mountain Bank
Retail2
5%
$217,000BayFirst National Bank
Finance and insurance2
5%
$1,399,600Live Oak Banking
Loan size mix
  • Under $150,00050%
  • $150,000 to $500,00023%
  • $500,000 to $2 million14%
  • $2 million and up14%
Compared with West Virginia
Median loan, Charleston
$149,600
Median loan, West Virginia
$120,000
Startup share, Charleston
30%
Startup share, West Virginia
35%
Share of state's SBA loans
5.0%

SBA loans per fiscal year in Charleston

071320FY14: 13 loansFY14FY15: 10 loansFY15FY16: 8 loansFY16FY17: 8 loansFY17FY18: 16 loansFY18FY19: 12 loansFY19FY20: 17 loansFY2017FY21: 10 loansFY21FY22: 5 loansFY22FY23: 8 loansFY23FY24: 14 loansFY24FY25: 10 loansFY25FY26 (Oct to Jun): 7 loansFY267
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.