Woodlands community lenders

Woodlands Community Lenders provides affordable loans to area businesses and communities. 


Do you want to join Woodlands' team? Click here for a job opportunity!


Woodlands Community Lenders (WCL), an affiliate of Woodlands Development Group, is a Community Development Financial Institution (CDFI) that provides small business financing in Barbour, Randolph, and Tucker Counties in North Central West Virginia. We believe that successful local businesses are key to keeping communities strong, vital, and connected. 

Beginning in 2012 with two grants from the Claude Worthington Benedum Foundation and the Tucker Community Foundation, WCL has been able to lend over $1.4 million directly to local businesses and organizations. This capital has resulted in more than 20 new businesses and more than 50 businesses supported in the region. We're excited to see where we can go from here!


Ella & Company
Ella & Company, an event planning and interior decorating business in Thomas, West Virginia opened in the summer of 2016 after receiving a Woodlands Community Lenders start-up loan.


Who Can Apply?

A non-profit community loan fund launched operations in Elkins, WV in 2012. Woodlands Community Lenders, makes loan-interest loans to qualified businesses and communities in Randolph, Tucker, and Barbour Counties in Northeastern West Virginia. 

Loans are specifically earmarked for small businesses and non-profits that have difficulty obtaining financing from traditional sources. 

To apply for any of our loans or for more information on our services, call Woodlands Community Lenders at 304.636.6495 x 29 or email info@wclwv.org.

What Can Loans Be Used For?

Eligible applicants can use these loans to help cover equipment costs, operating expenses, building rehab or improvements and other costs associated with start-up or expansion. In addition to capital, WCL provides technical assistance to help support overall and daily operations, such as business plan development, marketing and accounting assistance.

If you have a building in need of upgrades or repair located in any of these areas and you’d like to apply for Downtown Redevelopment Financing, contact Woodlands Community Lenders at 304.636.6495 x 29, or contact us.

  • WCL loans are available for up to $100,000.
  • WCL provides loans at fixed interest rates. Interest rates are based on risk.
  • WCL loans are typically short-term and fully amortized. Long-term loans are available if needed.

Where Does WCL Get Funding?

WCL arranges loans using funding provided through grants, donations, and federal relending programs. WCL operates as a Community Development Financial Institution (CDFI). There are nearly 1,000 CDFIs in operation nationwide, delivering on their missions to provide financial products and services to people and communities underserved by traditional financial institutions. 

The organization continues to actively seek out and apply for additional grants and other funding sources in order to expand the number of loans available. In addition to grants, WCL is open to receiving donations and investments from local businesses, organizations, and individuals that wish to help improve our local economy. 


What is a Community Development Financial Institution (CDFI)?