Citizens Bank of West Virginia, Inc
Citizens Bank of West Virginia, Inc is an active SBA lender in West Virginia, a bank offering SBA-guaranteed small-business loans. Currently rated 4.7 stars across 24 Google reviews.
About Citizens Bank of West Virginia, Inc
Citizens Bank of West Virginia, Inc offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and expansion. With a focus on the West Virginia region, this bank provides various loan programs, including the SBA 7(a) loan, to help entrepreneurs access capital for a wide range of business needs. Their experienced lending team works closely with clients to understand their unique financial situations and craft solutions that meet their goals. Whether you're looking to purchase equipment, expand operations, or improve cash flow, Citizens Bank of West Virginia, Inc aims to facilitate your business success through personalized service and flexible lending options. The bank's commitment to supporting small businesses is reflected in their strong approval records and dedication to community development. They also offer guidance on the application process, ensuring clients are well-informed at every step. With a focus on building long-term relationships, Citizens Bank of West Virginia, Inc is a trusted partner for local entrepreneurs and business owners.
Industries Citizens Bank of West Virginia, Inc finances
Business types Citizens Bank of West Virginia, Inc actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Citizens Bank of West Virginia, Inc
What is this place and what can I find here?
This is a bank that offers SBA loan programs to small businesses, providing financing options such as the 7(a) loan to support business growth and development in West Virginia.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment with a lending specialist, but walk-in consultations may be available during regular banking hours.
What are the hours of operation?
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday, with special hours on certain days; please contact the branch for exact times.
Is there a fee to use this?
There are no fees to visit the branch; however, loan application and processing fees may apply during the lending process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the West Virginia region, though some services may be available to non-residents with qualifying criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally required for loan approval, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Citizens Bank of West Virginia, Inc typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Citizens Bank of West Virginia, Inc to confirm current weekend availability before you go.
How do I get there and where do I park?
Citizens Bank of West Virginia, Inc is located in West Virginia — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Citizens Bank of West Virginia, Inc, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Citizens Bank of West Virginia, Inc itself, which runs its own lending under its own ownership. If you work at Citizens Bank of West Virginia, Inc, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Citizens Bank of West Virginia, Inc — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Citizens Bank of West Virginia, Inc before applying. If you represent Citizens Bank of West Virginia, Inc, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Citizens Bank of West Virginia, Inc by phone at (304) 636-4095 or online at citizenswv.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Citizens Bank of West Virginia, Inc before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Citizens Bank of West Virginia, Inc most often finances businesses in construction & contractors, restaurants & food service, and transportation & trucking. This reflects Citizens Bank of West Virginia, Inc's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Citizens Bank of West Virginia, Inc which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Citizens Bank of West Virginia, Inc participates in SBA Express depends on its specific SBA lending authority. Contact Citizens Bank of West Virginia, Inc and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Citizens Bank of West Virginia, Inc can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Citizens Bank of West Virginia, Inc's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Citizens Bank of West Virginia, Inc directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Citizens Bank of West Virginia, Inc what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Citizens Bank of West Virginia, Inc to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Citizens Bank of West Virginia, Inc to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Citizens Bank of West Virginia, Inc weighs this case by case under its own policy, so be upfront about your history and ask Citizens Bank of West Virginia, Inc how it evaluates prior bankruptcies.
