SBA Loans for Hotels (except Casino Hotels) and Motels in West Virginia: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in West Virginia. Based on historical SBA 7(a) lending data.
Total Approvals
7
in West Virginia
Median Loan Size
$3,000,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $3,000,000.
Key trends & insights
- Hotels (except Casino Hotels) and Motels in West Virginia lending is concentrated — Gbank, First Western Sblc, INC., Millennium Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Gbank leads this industry with 4 approvals (57% market share) and a median loan of $3,362,500.
- Hotels (except Casino Hotels) and Motels in West Virginia loans run larger than the SBA average — a $3,000,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2024-08-26 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in West Virginia
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $3,362,500 | |
| 2 | 2 | $2,130,000 | |
| 3 | 1 | $3,000,000 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in West Virginia
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | US Metro Bank | Qua*****Inn | PARKERSBURG, WV | $1,600,000 |
| 2025-07 | GBank | Qua*****lle | New Martinsville, WV | $2,005,000 |
| 2025-01 | Commonwealth Business Bank | Amb*****LLC | HARPERS FERRY, WV | $5,000,000 |
| 2025-01 | First Community Bank | Bro*****lly | LINDSIDE, WV | $20,500 |
| 2024-10 | Peoples Bank | Dhr*****nc. | MORGANTOWN, WV | $2,250,000 |
| 2024-08 | GBank | OMS*****LLC | Hurricane, WV | $2,625,000 |
| 2024-08 | United Midwest Savings Bank National Association | AP *****LLC | Mineral Wells, WV | $1,350,000 |
| 2024-07 | First Western SBLC, Inc | Red*****ton | HUNTINGTON, WV | $2,492,000 |
| 2024-07 | Open Bank | Rod*****tes | CHARLES TOWN, WV | $3,856,000 |
| 2024-06 | GBank | DAY*****TES | SUTTON, WV | $5,000,000 |
| 2024-04 | First Community Bank | Out*****LLC | Herndon, WV | $171,900 |
| 2024-02 | GBank | WIN***** WV | BRIDGEPORT, WV | $1,558,000 |
| 2023-01 | Millennium Bank | 100*****nc. | Dunbar, WV | $3,000,000 |
| 2022-11 | GBank | FIG*****LLC | Fairmont, WV | $4,100,000 |
| 2022-05 | US Metro Bank | WIN***** WV | VIENNA, WV | $3,500,000 |
| 2022-04 | First Western SBLC, Inc | Mar*****nc. | HUNTINGTON, WV | $1,454,000 |
| 2022-03 | GBank | 631*****nc. | CHARLESTON, WV | $2,850,000 |
| 2021-07 | Cadence Bank | PSR*****LLC | MINERAL WELLS, WV | $1,617,500 |
| 2021-07 | First Western SBLC, Inc | Ari*****LLC | HARPERS FERRY, WV | $4,400,000 |
| 2021-07 | First Western SBLC, Inc | Roy*****LLC | BRIDGEPORT, WV | $540,000 |
| 2021-07 | First Western SBLC, Inc | Roy*****LLC | BRIDGEPORT, WV | $3,720,000 |
| 2021-04 | Peoples Bank | KJ****LLC | SUTTON, WV | $245,000 |
| 2021-04 | First Western SBLC, Inc | Kar*****rp. | FAIRMONT, WV | $2,507,000 |
| 2020-11 | GBank | DEP*****LLC | MOUNDSVILLE, WV | $4,485,000 |
| 2020-09 | GBank | GAS*****LLC | GASSAWAY, WV | $1,873,400 |
| 2020-02 | Enterprise Bank & Trust | NYM*****LLC | Fairmont, WV | $2,085,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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