# Buying a Business in West Virginia: SBA Lending

Change-of-ownership SBA 7(a) approvals in West Virginia, FY2020 through FY2025. Every figure is read from SBA 7(a) FOIA loan-level dataset (as of June 30, 2026).

Also on this site: https://searchspheresource.com/guides/states/west-virginia.md
Also on this site: https://searchspheresource.com/data/acquisition-lending
Source: https://searchspheresource.com/data/acquisition-lending/west-virginia
Last checked: 2026-10-02

## The Numbers

- Loans since FY2020: 87, $122,168,100 approved in total
- FY2025 loans: 14, $23,688,400 approved
- Median loan: $832,000
- Share of national acquisition lending: 0.2%

## The Most Active Lenders in West Virginia

Ranked by change-of-ownership loans written in the covered years. A bank high here is a bank that has already said yes to this kind of deal in this state.

1. The Huntington National Bank: 22 loans
2. Live Oak Banking Company: 9 loans
3. GBank: 8 loans
4. First Western SBLC, LLC: 7 loans
5. Community Trust Bank, Inc.: 5 loans

## What Gets Financed in West Virginia

- Hotels (except Casino Hotels) and Motels: 20 loans
- Full-Service Restaurants: 5 loans
- Funeral Homes and Funeral Services: 4 loans
- Septic Tank and Related Services: 3 loans
- Assisted Living Facilities for the Elderly: 3 loans

## Method and Source

- SBA 7(a) FOIA loan-level dataset (as of June 30, 2026): https://data.sba.gov/dataset/7a-504-foia
- Coverage: FY2020 through FY2025
- Segment: SBA 7(a) approvals with BusinessAge "Change of Ownership"

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