WesBanco Bank, Inc.
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by WesBanco Bank, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 112 | $64.3M | $574K | 4.9% |
| 713940 | Fitness and Recreational Sports Centers | 88 | $17.6M | $200K | 3.9% |
| 624410 | Child Day Care Services | 64 | $12.9M | $201K | 2.8% |
| 621310 | Offices of Chiropractors | 64 | $8.8M | $138K | 2.8% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 56 | $48.0M | $857K | 2.5% |
| 722513 | Limited-Service Restaurants | 56 | $43.8M | $783K | 2.5% |
| 238990 | All Other Specialty Trade Contractors | 48 | $15.9M | $331K | 2.1% |
| 621610 | Home Health Care Services | 40 | $14.8M | $370K | 1.8% |
| 238160 | Roofing Contractors | 40 | $13.2M | $329K | 1.8% |
| 236118 | Residential Remodelers | 32 | $2.4M | $74K | 1.4% |
Geographic Distribution
SBA lending activity for WesBanco Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Ohio (OH) | 1,472 | $927.5M | 64.6% |
| Indiana (IN) | 152 | $88.4M | 6.7% |
| Maryland (MD) | 144 | $66.7M | 6.3% |
| West Virginia (WV) | 72 | $51.8M | 3.2% |
| Pennsylvania (PA) | 128 | $47.9M | 5.6% |
| Virginia (VA) | 32 | $40.8M | 1.4% |
| Kentucky (KY) | 192 | $34.8M | 8.4% |
| District of Columbia (DC) | 16 | $27.3M | 0.7% |
| Michigan (MI) | 48 | $16.4M | 2.1% |
| North Carolina (NC) | 8 | $16.0M | 0.4% |
| Florida (FL) | 8 | $4.0M | 0.4% |
| Texas (TX) | 8 | $2.8M | 0.4% |
Why Choose WesBanco Bank, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 2,280 SBA loans approved, totaling $1.32B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Fitness and Recreational Sports Centers, Child Day Care Services
- ✓Competitive Terms: Average interest rate of 7.62% with flexible term lengths averaging 127 months
- ✓Loan Range: Loan sizes from $10K to $4.0M, with an average of $581K
- ✓Nationwide Reach: Active lending in 12 states, with strong presence in OH, KY, IN
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 WesBanco Bank, Inc. SBA lending
What types of businesses does WesBanco Bank, Inc. typically finance?
WesBanco Bank, Inc. specializes in SBA 7(a) lending to specific industries including full-service restaurants, fitness and recreational sports centers, child day care services, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are WesBanco Bank, Inc.'s typical SBA loan terms?
WesBanco Bank, Inc.'s SBA 7(a) loans typically feature an average interest rate of 7.62% and average term length of 127 months (approximately 11 years). Loan sizes range from $10K to $4.0M, with an average loan size of $581K.
Do I need a business valuation for a WesBanco Bank, Inc. SBA loan?
Yes, WesBanco Bank, 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 WesBanco Bank, Inc. compare to other SBA lenders?
WesBanco Bank, Inc. has originated 2,280 SBA loans totaling $1.32B 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 WesBanco Bank, Inc. lend in?
WesBanco Bank, Inc. provides SBA 7(a) financing with particularly strong presence in OH, KY, IN, MD, PA. 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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