Bank of Clarke
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of Clarke
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 72 | $94.5M | $1.3M | 8.9% |
| 812199 | Other Personal Care Services | 56 | $52.0M | $929K | 6.9% |
| 722513 | Limited-Service Restaurants | 40 | $26.8M | $671K | 5.0% |
| 238910 | Site Preparation Contractors | 40 | $39.6M | $989K | 5.0% |
| 456110 | Other | 32 | $22.5M | $704K | 4.0% |
| 424820 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 24 | $8.7M | $362K | 3.0% |
| 562111 | Solid Waste Collection | 24 | $12.6M | $525K | 3.0% |
| 812111 | Barber Shops | 24 | $19.0M | $791K | 3.0% |
| 322212 | Folding Paperboard Box Manufacturing | 24 | $48.5M | $2.0M | 3.0% |
| 238210 | Electrical Contractors | 16 | $10.2M | $636K | 2.0% |
Geographic Distribution
SBA lending activity for Bank of Clarke by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 464 | $370.7M | 57.4% |
| Maryland (MD) | 120 | $100.3M | 14.9% |
| Florida (FL) | 48 | $50.4M | 5.9% |
| Connecticut (CT) | 24 | $48.5M | 3.0% |
| District of Columbia (DC) | 48 | $42.4M | 5.9% |
| New York (NY) | 16 | $39.9M | 2.0% |
| Pennsylvania (PA) | 16 | $28.0M | 2.0% |
| New Jersey (NJ) | 16 | $16.0M | 2.0% |
| Georgia (GA) | 16 | $12.1M | 2.0% |
| Texas (TX) | 16 | $10.2M | 2.0% |
| Tennessee (TN) | 8 | $6.5M | 1.0% |
| California (CA) | 8 | $4.0M | 1.0% |
| Arizona (AZ) | 8 | $840K | 1.0% |
Why Choose Bank of Clarke?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 808 SBA loans approved, totaling $730.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other Personal Care Services, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 10.07% with flexible term lengths averaging 137 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $903K
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in VA, MD, DC
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 Bank of Clarke SBA lending
What types of businesses does Bank of Clarke typically finance?
Bank of Clarke specializes in SBA 7(a) lending to specific industries including full-service restaurants, other personal care services, limited-service restaurants, site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of Clarke's typical SBA loan terms?
Bank of Clarke's SBA 7(a) loans typically feature an average interest rate of 10.07% and average term length of 137 months (approximately 11 years). Loan sizes range from $50K to $5.0M, with an average loan size of $903K.
Do I need a business valuation for a Bank of Clarke SBA loan?
Yes, Bank of Clarke 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 Bank of Clarke compare to other SBA lenders?
Bank of Clarke has originated 808 SBA loans totaling $730.0M 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 Bank of Clarke lend in?
Bank of Clarke provides SBA 7(a) financing with particularly strong presence in VA, MD, DC, FL, CT. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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