Clear Mountain Bank, Inc.
SBA 7(a) Lending Profile · FY 2023 analysis
Industry Focus
Top industries served by Clear Mountain Bank, Inc.
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 64 | $8.4M | $131K | 5.4% |
| 812210 | Funeral Homes and Funeral Services | 48 | $15.3M | $319K | 4.0% |
| 561730 | Landscaping Services | 48 | $10.7M | $223K | 4.0% |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 40 | $5.8M | $145K | 3.4% |
| 236118 | Residential Remodelers | 32 | $978K | $31K | 2.7% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 32 | $2.7M | $84K | 2.7% |
| 722511 | Full-Service Restaurants | 32 | $4.8M | $151K | 2.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive a | 32 | $1.3M | $40K | 2.7% |
| 541519 | Other Computer Related Services | 32 | $9.9M | $310K | 2.7% |
| 621210 | Offices of Dentists | 32 | $14.8M | $462K | 2.7% |
Geographic Distribution
SBA lending activity for Clear Mountain Bank, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| West Virginia (WV) | 1,000 | $224.5M | 83.9% |
| Maryland (MD) | 80 | $9.5M | 6.7% |
| North Carolina (NC) | 8 | $8.0M | 0.7% |
| Virginia (VA) | 40 | $6.8M | 3.4% |
| Pennsylvania (PA) | 32 | $6.2M | 2.7% |
| Vermont (VT) | 16 | $1.5M | 1.3% |
| Tennessee (TN) | 16 | $573K | 1.3% |
Why Choose Clear Mountain Bank, Inc.?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,192 SBA loans approved, totaling $257.0M in financing
- ✓Industry Expertise: Specialized focus on Specialized Freight (except Used Goods) Trucking, Local, Funeral Homes and Funeral Services, Landscaping Services
- ✓Competitive Terms: Average interest rate of 5.04% with flexible term lengths averaging 93 months
- ✓Loan Range: Loan sizes from $7K to $1.6M, with an average of $216K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in WV, MD, VA
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 Clear Mountain Bank, Inc. SBA lending
What types of businesses does Clear Mountain Bank, Inc. typically finance?
Clear Mountain Bank, Inc. specializes in SBA 7(a) lending to specific industries including specialized freight (except used goods) trucking, local, funeral homes and funeral services, landscaping services, new single-family housing construction (except operative builders). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Clear Mountain Bank, Inc.'s typical SBA loan terms?
Clear Mountain Bank, Inc.'s SBA 7(a) loans typically feature an average interest rate of 5.04% and average term length of 93 months (approximately 8 years). Loan sizes range from $7K to $1.6M, with an average loan size of $216K.
Do I need a business valuation for a Clear Mountain Bank, Inc. SBA loan?
Yes, Clear Mountain Bank, Inc. 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 Clear Mountain Bank, Inc. compare to other SBA lenders?
Clear Mountain Bank, Inc. has originated 1,192 SBA loans totaling $257.0M 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 Clear Mountain Bank, Inc. lend in?
Clear Mountain Bank, Inc. provides SBA 7(a) financing with particularly strong presence in WV, MD, VA, PA, TN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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