Citizens Bank of West Virginia, Inc
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Citizens Bank of West Virginia, Inc
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 32 | $3.2M | $102K | 8.0% |
| 488410 | Motor Vehicle Towing | 24 | $2.3M | $94K | 6.0% |
| 484110 | General Freight Trucking, Local | 24 | $4.9M | $203K | 6.0% |
| 812112 | Beauty Salons | 24 | $3.4M | $141K | 6.0% |
| 492110 | Couriers | 24 | $16.0M | $666K | 6.0% |
| 238910 | Site Preparation Contractors | 24 | $4.5M | $188K | 6.0% |
| 624410 | Child Day Care Services | 16 | $4.3M | $266K | 4.0% |
| 237210 | Land Subdivision | 16 | $3.5M | $220K | 4.0% |
| 722330 | Mobile Food Services | 16 | $1.5M | $93K | 4.0% |
| 441120 | Used Car Dealers | 16 | $1.8M | $113K | 4.0% |
Geographic Distribution
SBA lending activity for Citizens Bank of West Virginia, Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 400 | $86.2M | 100.0% |
Why Choose Citizens Bank of West Virginia, Inc?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 400 SBA loans approved, totaling $86.2M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Motor Vehicle Towing, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 6.81% with flexible term lengths averaging 143 months
- ✓Loan Range: Loan sizes from $6K to $1.0M, with an average of $216K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in WV
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Citizens Bank of West Virginia, Inc SBA lending
What types of businesses does Citizens Bank of West Virginia, Inc typically finance?
Citizens Bank of West Virginia, Inc specializes in SBA 7(a) lending to specific industries including limited-service restaurants, motor vehicle towing, general freight trucking, local, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank of West Virginia, Inc's typical SBA loan terms?
Citizens Bank of West Virginia, Inc's SBA 7(a) loans typically feature an average interest rate of 6.81% and average term length of 143 months (approximately 12 years). Loan sizes range from $6K to $1.0M, with an average loan size of $216K.
Do I need a business valuation for a Citizens Bank of West Virginia, Inc SBA loan?
Yes, Citizens Bank of West Virginia, Inc typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Citizens Bank of West Virginia, Inc compare to other SBA lenders?
Citizens Bank of West Virginia, Inc has originated 400 SBA loans totaling $86.2M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Citizens Bank of West Virginia, Inc lend in?
Citizens Bank of West Virginia, Inc provides SBA 7(a) financing with particularly strong presence in WV. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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