Buying a Business in West Virginia
What SBA acquisition lending actually looks like in West Virginia, from loan-level government data.
FY2025 Acquisition Loans
14
$23.7M approved
Median Loan
$832,000
FY2020 through FY2025
Loans Since FY2020
87
$122.2M in total approvals
Share of U.S. Activity
0.2%
Of change-of-ownership loans
Most Active Acquisition Lenders in West Virginia
- 1. The Huntington National Bank21 loans
- 2. Live Oak Banking Company9 loans
- 3. GBank8 loans
- 4. First Western SBLC, Inc7 loans
- 5. Community Trust Bank, Inc.5 loans
A lender being active in West Virginia does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.
What Gets Bought in West Virginia
- Hotels (except Casino Hotels) and Motels20 loans
- Full-Service Restaurants5 loans
- Funeral Homes and Funeral Services4 loans
- Septic Tank and Related Services3 loans
- Homes for the Elderly3 loans
Industry-specific pricing and diligence live in the Industry Buy Guides.
Method & Source
Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a West Virginia project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.
Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.