Potomac Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Potomac Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 311811 | Retail Bakeries | 64 | $39.1M | $611K | 8.9% |
| 541611 | Administrative Management and General Management Consulting Services | 32 | $4.8M | $150K | 4.4% |
| 561730 | Landscaping Services | 32 | $19.0M | $593K | 4.4% |
| 722513 | Limited-Service Restaurants | 32 | $11.9M | $373K | 4.4% |
| 722511 | Full-Service Restaurants | 24 | $7.2M | $298K | 3.3% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $6.2M | $260K | 3.3% |
| 811111 | General Automotive Repair | 24 | $5.6M | $233K | 3.3% |
| 453998 | All Other Miscellaneous Store Retailers (except Tobacco Stores) | 24 | $5.7M | $238K | 3.3% |
| 812199 | Other Personal Care Services | 24 | $5.3M | $222K | 3.3% |
| 541940 | Veterinary Services | 24 | $12.0M | $500K | 3.3% |
Geographic Distribution
SBA lending activity for Potomac Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Virginia (VA) | 464 | $146.7M | 64.4% |
| West Virginia (WV) | 168 | $75.6M | 23.3% |
| Maryland (MD) | 48 | $53.0M | 6.7% |
| Pennsylvania (PA) | 32 | $13.4M | 4.4% |
| District of Columbia (DC) | 8 | $1.2M | 1.1% |
Why Choose Potomac Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 720 SBA loans approved, totaling $289.9M in financing
- ✓Industry Expertise: Specialized focus on Retail Bakeries, Administrative Management and General Management Consulting Services, Landscaping Services
- ✓Competitive Terms: Average interest rate of 8.59% with flexible term lengths averaging 110 months
- ✓Loan Range: Loan sizes from $20K to $4.6M, with an average of $403K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in VA, WV, MD
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 Potomac Bank SBA lending
What types of businesses does Potomac Bank typically finance?
Potomac Bank specializes in SBA 7(a) lending to specific industries including retail bakeries, administrative management and general management consulting services, landscaping services, limited-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Potomac Bank's typical SBA loan terms?
Potomac Bank's SBA 7(a) loans typically feature an average interest rate of 8.59% and average term length of 110 months (approximately 9 years). Loan sizes range from $20K to $4.6M, with an average loan size of $403K.
Do I need a business valuation for a Potomac Bank SBA loan?
Yes, Potomac Bank 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 Potomac Bank compare to other SBA lenders?
Potomac Bank has originated 720 SBA loans totaling $289.9M 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 Potomac Bank lend in?
Potomac Bank provides SBA 7(a) financing with particularly strong presence in VA, WV, MD, PA, DC. 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.
Get your certified valuation from Fair Market Value.