SBA 7(a) lenders in Putnam, WV
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
18 institutions have SBA 7(a) loans on record in Putnam, together $22.3M across 119 loans. The Huntington National Bank is the largest, with 41% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 72 | $9.2M | 41.4% | 0.81% |
| 2 | Live Oak Banking Company | 4 | $3.1M | 14.0% | 0.00% |
| 3 | MVB Bank, Inc. | 8 | $2.9M | 12.8% | 0.00% |
| 4 | GBank | 1 | $2.6M | 11.8% | 0.00% |
| 5 | Truist Bank | 16 | $2.1M | 9.5% | 0.00% |
| 6 | The Poca Valley Bank, Inc. | 1 | $350K | 1.6% | 0.00% |
| 7 | PNC Bank, National Association | 1 | $313K | 1.4% | 80.83% |
| 8 | JPMorgan Chase Bank, National Association | 1 | $300K | 1.3% | 0.00% |
| 9 | United Midwest Savings Bank National Association | 2 | $300K | 1.3% | 47.70% |
| 10 | Capital Bank, National Association | 1 | $220K | 1.0% | 0.00% |
| 11 | Readycap Lending, LLC | 2 | $184K | 0.8% | 0.00% |
| 12 | United Bank | 1 | $145K | 0.7% | 0.00% |
| 13 | Community Trust Bank, Inc. | 2 | $125K | 0.6% | 0.00% |
| 14 | Independence Bank | 1 | $125K | 0.6% | 75.96% |
| 15 | The Ohio Valley Bank Company | 1 | $117K | 0.5% | 0.00% |
| 16 | Northeast Bank | 1 | $114K | 0.5% | 0.00% |
| 17 | VelocitySBA, LLC | 3 | $23K | 0.1% | 58.81% |
| 18 | U.S. Bank, National Association | 1 | $20K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Construction | 20 | $4.2M | 19.0% |
| 2 | Accommodation & food services | 10 | $3.9M | 17.4% |
| 3 | Professional & technical services | 15 | $3.7M | 16.5% |
| 4 | Real estate & leasing | 4 | $2.0M | 9.1% |
| 5 | Health care & social assistance | 7 | $1.8M | 8.1% |
| 6 | Retail trade | 11 | $1.4M | 6.4% |
| 7 | Other services | 12 | $1.2M | 5.3% |
| 8 | Arts, entertainment & recreation | 4 | $946K | 4.2% |
| 9 | Wholesale trade | 6 | $780K | 3.5% |
| 10 | Retail trade | 7 | $682K | 3.1% |
| 11 | Administrative & waste services | 5 | $550K | 2.5% |
| 12 | Transportation & warehousing | 6 | $414K | 1.9% |
| 13 | Educational services | 2 | $207K | 0.9% |
| 14 | Manufacturing | 1 | $144K | 0.6% |
| 15 | Finance & insurance | 5 | $139K | 0.6% |
| 16 | Manufacturing | 2 | $103K | 0.5% |
| 17 | Manufacturing | 1 | $45K | 0.2% |
| 18 | Agriculture, forestry & fishing | 1 | $17K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.