SBA Loans for Data Processing in West Virginia: Top Lenders
NAICS 518NAICS 518 covers data processing, hosting, and related services businesses in West Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
2
in West Virginia
Median Loan Size
$1,004,250
per approval
Recent Activity
0
last 90 days through Oct 2023
NAICS 518 covers data processing, hosting, and related services businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $1,004,250.
Key trends & insights
- Data Processing in West Virginia loans run larger than the SBA average — a $1,004,250 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-10-04 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Data Processing in West Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,004,250 |
Recent SBA 7(a) approvals for Data Processing in West Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2023-10 | The Huntington National Bank | Biz****LLC | WASHINGTON, WV | $1,658,500 |
| 2023-10 | The Huntington National Bank | Biz****LLC | WASHINGTON, WV | $350,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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