Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for West Virginia.
In 2022 there were 37 SBA lenders that approved 170 SBA 7(a) loans for projects in West Virginia totaling $70,222,100. The average loan amount was $413,071. Borrowers from 73 cities were approved for projects in West Virginia for 82 industries. The SBA loan approvals in 2022 represent 1,526 jobs supported or saved in West Virginia.
There were 22 franchise branded businesses receiving 30 loan approvals for $25,012,000 with an average loan amount of $833,733.
Our forecast model projects $77 million in total West Virginia SBA 7(a) loan approval amounts in 2023 with $26 million to franchise businesses.
West Virginia Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
West Virginia Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
