SBA acquisition lenders in West Virginia
44 recorded SBA 7(a) acquisition approvals in West Virginia, FY2024–FY2026. Median approved loan: $849K. Explore lenders and industry activity.
- Acquisitions financed
- 44
- Total approved
- $71.2M
- Median loan
- $849K
- Middle half of loans
- $222K to $2.6M
- Median starting rate
- 9.50%
- Median term
- 13 yrs
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Lenders financing the most acquisitions in West Virginia
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 17 | 39% | $230K | $7.3M |
| 2 | GBank | 4 | 9% | $3.4M | $13.3M |
| 3 | Live Oak Banking Company | 3 | 7% | $2.8M | $10.5M |
| 4 | First Western SBLC, LLC d/b/a Peachtree Group | 3 | 7% | $2.5M | $9.1M |
| 5 | Commonwealth Business Bank | 2 | 5% | $4.2M | $8.5M |
| 6 | Open Bank | 2 | 5% | $2.3M | $4.7M |
| 7 | United Midwest Savings Bank National Association | 2 | 5% | $684K | $1.4M |
| 8 | Woodlands Community Lenders, Inc. | 2 | 5% | $202K | $405K |
| 9 | First National Bank of Michigan | 1 | 2% | $4.9M | $4.9M |
| 10 | FDIC - Community Bank & Trust-West Georgia | 1 | 2% | $4.8M | $4.8M |
| 11 | Peoples Bank | 1 | 2% | $2.5M | $2.5M |
| 12 | The Ohio Valley Bank Company | 1 | 2% | $1.2M | $1.2M |
| 13 | Byline Bank | 1 | 2% | $1.2M | $1.2M |
| 14 | VelocitySBA, LLC | 1 | 2% | $929K | $929K |
| 15 | First Community Bank | 1 | 2% | $225K | $225K |
What is being bought in West Virginia
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 10 | 23% | $4.0M | $36.1M |
| 2 | Assisted Living Facilities for the Elderly | 3 | 7% | $825K | $2.4M |
| 3 | Specialized Freight (except Used Goods) Trucking, Local | 2 | 5% | $1.2M | $2.5M |
| 4 | Offices of Certified Public Accountants | 2 | 5% | $684K | $1.4M |
| 5 | Gasoline Stations with Convenience Stores | 2 | 5% | $528K | $1.1M |
| 6 | Pet Care (except Veterinary) Services | 2 | 5% | $406K | $811K |
| 7 | Other Building Material Dealers | 2 | 5% | $195K | $390K |
| 8 | Other Services to Buildings and Dwellings | 2 | 5% | $163K | $326K |
| 9 | Child Care Services | 2 | 5% | $142K | $285K |
| 10 | Commercial Screen Printing | 2 | 5% | $140K | $280K |
| 11 | New Car Dealers | 1 | 2% | $5.0M | $5.0M |
| 12 | Motor and Generator Manufacturing | 1 | 2% | $4.9M | $4.9M |
| 13 | Car Washes | 1 | 2% | $3.5M | $3.5M |
| 14 | Other Activities Related to Real Estate | 1 | 2% | $2.8M | $2.8M |
| 15 | Insurance Agencies and Brokerages | 1 | 2% | $2.6M | $2.6M |