Washington County Council on Economic Development (WCCED) – First Microloan of West Virginia

We are a SBA Microloan provider covering 38 Counties in WV, 6 counties in PA, and 5 counties in OH. Loans size can range from $5000 to $50,000 for up to 6 years. Funds available for equipment, inventory and working capital. We help businesses gain access to capital they may otherwise no be able to receive.


The SBA Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries make loans to eligible borrowers. The maximum loan amount is $50,000, but the average microloan is about $37,000.


The program was initiated when Senator Robert Byrd helped West Virginia small businesses by spearheading the changes that allowed WCCED to become the first organization in the country to offer the Microloan program across state lines.


The program provides financing at a fixed interest rate (contact us for current rate information.) Since 1994, WCCED has loaned over $1,010,000 to entrepreneurs in West Virginia to help start and/or expand their small businesses.


Microloans may be used for the following purposes: 


  • Working capital
  • Supplementing working capital
  • The purchase of inventory or supplies
  • The purchase of furniture or fixtures
  • The purchase of machinery or equipment
  • Can be used for either start up or existing businesses
  • Opening or expanding your business

Borrowers must demonstrate job creation and/or retention.


Standard application required.


Proceeds from a microloan cannot be used to pay existing debts or to purchase real estate.


The Microloan program can also partner with other organizations and/or lending institutions for a total loan package of up to $150,000.


SBA MICROLOAN PROGRAM provides commercial loans from $5,000 to $50,000 in the following counties;


Wheeling Office: (304) 604-3560


Barbour, Brooke, Calhoun, Doddridge, Gilmer, Hancock, Harrison, Jackson, Lewis, Marion, Marshall, Monongalia, Ohio, Pleasants,  Preston,  Randolph, Ritchie, Taylor, Tucker, Tyler,  Upshur, Wetzel, Wirt, and Wood County.


Charleston Office: (304) 281-0488


Boone, Braxton, Cabell, Clay, Fayette, Kanawha, Lincoln, Mason, Nicholas, Putnam, Raleigh, Roane, Wayne and Webster County.


Funded by: United States Small Business Administration; WCCED with support from the Benedum Foundation.

Services Provided

Financial Resources and Assistance

  • Financial Modeling
  • Loan Providers (Specialty)
  • Microloan Providers (Specialty)
Contact Information
Tim James
273 South Main St
Washington, Pa 15301