Woodlands Community Lenders, Inc.
Woodlands Community Lenders, Inc. is an active SBA lender in West Virginia, a bank offering SBA-guaranteed small-business loans. Currently rated 4.0 stars across 2 Google reviews.
$896K
in SBA approvals since 2025
10
SBA loans funded
Childcare & Early Education · General Retail · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Woodlands Community Lenders, Inc.
Woodlands Community Lenders, Inc. offers comprehensive SBA lending services tailored to small businesses seeking financial support. They specialize in providing SBA 7(a) loans, which are designed to help entrepreneurs access capital for various business needs including working capital, equipment purchase, and expansion. Located in Elkins, WV, this institution is committed to supporting local economic growth through flexible lending options and personalized service. Their team works closely with clients to understand their unique financial situations and craft solutions that meet their goals. With a focus on community development, they also facilitate access to SBA 504 loans and other small business financing programs. Whether you're a startup or an established business, they aim to streamline the borrowing process and provide guidance every step of the way. Their expertise extends across multiple industries, ensuring that diverse business types can benefit from their offerings. The bank's mission is to empower small businesses by providing accessible, affordable, and reliable financing options that foster growth and sustainability.
Common questions about Woodlands Community Lenders, Inc.
What is this place and what can I find here?
This is a community-focused SBA lender offering small business loans, including 7(a) and 504 programs, to help entrepreneurs grow and succeed locally.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may be available during business hours.
What are the hours of operation?
Standard hours are Monday through Friday, 9 AM to 5 PM, but it's best to call ahead for specific appointment times.
Is there a fee to use this?
There are no fees to visit or consult; however, loan processing and closing may involve standard fees as per SBA guidelines.
Who is this open to — anyone, or only residents/members?
This service is open to small business owners and entrepreneurs within the region who meet the SBA eligibility criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred, but higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The process typically takes 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Woodlands Community Lenders, 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 Woodlands Community Lenders, Inc. to confirm current weekend availability before you go.
How do I get there and where do I park?
Woodlands Community Lenders, 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 Woodlands Community Lenders, Inc., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Woodlands Community Lenders, Inc. itself, which runs its own lending under its own ownership. If you work at Woodlands Community Lenders, Inc., you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Woodlands Community Lenders, 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 Woodlands Community Lenders, Inc. before applying. If you represent Woodlands Community Lenders, Inc., claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Woodlands Community Lenders, Inc. by phone at (304) 404-2300 or email info@woodlandswv.org — contact them to discuss SBA lending options and confirm details directly with the lender.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Woodlands Community Lenders, Inc. can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Woodlands Community Lenders, Inc. directly which industries 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 Woodlands Community Lenders, Inc. participates in SBA Express depends on its specific SBA lending authority. Contact Woodlands Community Lenders, 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. Woodlands Community Lenders, 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. Woodlands Community Lenders, Inc.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Woodlands Community Lenders, 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 Woodlands Community Lenders, 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 Woodlands Community Lenders, 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 Woodlands Community Lenders, 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. Woodlands Community Lenders, Inc. weighs this case by case under its own policy, so be upfront about your history and ask Woodlands Community Lenders, Inc. how it evaluates prior bankruptcies.
