Small Business Loans in West Virginia
Ready to find success and secure a small business loan? You're in the right place! Our in-house research team of finance experts has compiled this most comprehensive list of business loans for you to find the best option for you. Bad credit and startups acceptable when meeting specific qualifications.


10 Small Business Loans in West Virginia
Our collection presents an in-depth analysis of small business financiers in West Virginia, based on reliable data. They are ordered according to the quantity of small business loans they've distributed throughout the year.
At its core, this list identifies the banks and lending institutions that are actively providing the most support to small businesses within the state.
(Contrastingly, this diverges from many online sources that tend to focus on non-profit entities rarely involved in lending or government programs that are not widely accessible to most businesses!)
Takeaway: Both local, West Virginia-based banks and national banks share the small business loan market in West Virginia.
Methodology: Our analysis draws on information from SBA 7a loans, ensuring all the lenders we've included provide SBA loans. We've also detailed additional small business lending solutions advertised on their online platforms.
Traditional banks often demand strong credit ratings and at least two years of business history. To counter this, we begin our list with two financing alternatives designed for small business operators struggling with suboptimal credit scores or those just embarking on their business ventures.
1. Credit Suite
Credit Suite stands out for its expertise in business credit consulting and software services, offering two distinctive financing solutions as well.
The Cash Flow Financing solution they provide is a perfect match for business owners with a few years of operation under their belt and minimal credit requirements. It enables you to leverage the consistent cash flow of your business to secure flexible financial assistance.
Rather than adhering to a fixed monthly repayment schedule, you repay the loan as a percentage of your ongoing cash flow.
The Credit Line Hybrid delivers financing purely based on the strength of personal credit, without the need for detailed financial statements, bank records, or business models. Aimed at startups and established business owners, it provides financial support ranging from $5,000 to $150,000.
Business financing options offered:
- Credit Suite Cash Flow Financing
- Credit Suite Credit Line Hybrid
2. The Huntington National Bank
Huntington National Bank isn’t only the premier small business lender within West Virginia, but it also surpasses all other lenders nationwide in generating SBA 7a loans.
This distinction places them among the top 10 lenders in most other states - they genuinely enjoy partnering with small enterprises!
Beyond SBA loans, they present an extensive array of financing solutions for small businesses, encompassing equipment leasing, agricultural financing, and a diverse range of real estate financing options.
Business financing options offered:
SBA 7a Loans
Equipment Leasing
Church Lending
Greek House Financing
Agricultural Loans
Warehouse Lending
Real Estate Loans, Term Loans, and Lines of Credit
3. Citizen Bank of West Virginia
Citizen Bank of West Virginia is a small local bank with just a few business financing options and a nice website. Don’t be fooled by their size - they issue more SBA 7a loans than anyone else in the state besides Huntington National Bank.
Business financing options offered:
Term Loans
Lines of Credit
Real Estate Loans
SBA 7a, 504 & Express Loans
4. Clear Mountain Bank
Clear Mountain is based in Bruceton Mills, and has bank branches throughout the state and also in Maryland. They have a normal array of small business loans.
Business financing options offered:
Commercial Loans
Commercial Lines of Credit
Commercial Real Estate Loans
Equipment Loans
Construction Loans
1 business credit card
5. Community Trust Bank
Community Trust Bank is headquartered in nearby Kentucky. They have a huge list of business financing products, with ample information about each one on their website.
Business financing options offered:
Construction Loans
Permanent Commercial Real Estate
Revolving Credit Lines
Accounts Receivable Financing, including general & lockbox receivable financing
USDA Loans
Low Doc Loans (up to $150,000)
SBA 7a Loans
SBA 504 Loans
Auto Floor Plans
Letters of Credit
Amortization Loans for purchase of assets
6. BayFirst National Bank
BayFirst National specializes in SBA loans. Their website proclaims, "Lightning Fast Business Loans!" along with "In-house team, quick funding." They boast an internal underwriting team, ensuring both quickness and proficiency.
Given that SBA loans typically require an extended period to process, this aspect offers them a significant edge.
Business financing options offered:
SBA Loans
Commercial Real Estate Loans
Commercial Term Loans
Commercial Lines of Credit
Construction Loans
Heavy Equipment Financing
7. Cadence Bank
Cadence is a small regional bank with limited business loan offerings.
Business financing options offered:
Small Business Administration Loans
Business Loans & Lines of Credit
1 Business Credit Card
8. FNB Bank
FNB has a wide selection of term loans and asset-based lending options.
Business financing options offered:
Equipment Term Loans
Real Estate Term Loans
Vehicle Term Loans
Unsecured Term Loans
Asset Based Lending
Equipment Financing
SBA Loans
1 business credit card
9. Bank of Charles Town
Bank of Charles Town’s website has very little information about each loan offering or their qualification rules. But they do list out five different types of small business financing, as you can see below.
Business financing options offered:
SBA 7a & 504 loans
Commercial Real Estate
Equipment Purchases
Lines of Credit
3 small business credit cards
10. Newtek Small Business Finance
Newtek might not be your conventional bank with physical branches, which might be why it hasn't crossed your radar. Yet, it's a sizable entity on the stock market, heavily involved in lending to small businesses.
While their website showcases merely four options for small business financing, they extend a broad spectrum of financial solutions and services tailored for small enterprises. This range covers payment processing, insurance, employee perks, and payroll management, among others.
Business financing options offered:
Term Loans
Asset Based Financing
Inventory Based Financing
SBA Loans
How to apply for a small business loan in West Virginia
Getting your small business funded doesn't have to be overwhelming, regardless of how many steps may be involved. Let the leading business guides at Credit Suite help you along the way!
