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.
