Lenders › Bank of Clarke
7(a) lenderBerryville, VirginiaFDIC-insured bank325th of 2,184 by approvals
Bank of Clarke
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Bank of Clarke (Berryville, Virginia) is an FDIC-insured bank in the SBA 7(a) program, 325th of 2,184 by approvals in FY2021 to FY2025: 95 loans worth $88.5M.
In FY2025, the latest complete fiscal year, it had 39 approvals totalling $36.3M, up 30% on FY2024 (30). FY2026 to 30 Jun 2026 adds 16 more.
The median approval was $500K, against $190K for the 7(a) program as a whole; 10.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 13 states and territories and 38 counties, led by Virginia (57.9%), Maryland (13.7%) and Florida (6.3%). The largest industry group was accommodation and food services at 16.8% of approvals, and 17.9% of approvals were to franchise businesses.
Bank of Clarke has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 16 | $23.4M | $584K | $1.5M | 313 |
| FY2025 | 39 | $36.3M | $710K | $931K | 1,149 |
| FY2024 | 30 | $28.3M | $493K | $945K | 551 |
| FY2023 | 21 | $18.8M | $406K | $893K | 544 |
| FY2022 | 5 | $5.1M | $350K | $1.0M | 117 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 1 | — | — | — | 16 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 1 approvals. First approval on file: FY2019.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Virginia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1 | 9,784 | 639,905 |
| Cancelled or never disbursed | 1 | 1,259 | 79,313 |
| Disbursed loans | 0 | 8,525 | 560,592 |
| Paid in full | 0 | 6,432 | 435,813 |
| Charged off | 0 | 665 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 1,428 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 7.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 3.2% | 2.5% |
| Dollars charged off | — | $121M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $500K | $190K |
| Average approval | $931K | $518K |
| Approvals of $150,000 or less | 10.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 42.1% | 34.3% |
| Approvals to franchise businesses | 17.9% | 11.5% |
| Jobs supported per approval, as reported | 24.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (13 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Virginia | 55 | $45.6M | 57.9% | |
| 2 | Maryland | 13 | $10.9M | 13.7% | |
| 3 | Florida | 6 | $6.3M | 6.3% | |
| 4 | District of Columbia | 5 | $5.0M | 5.3% | |
| 5 | Connecticut | 3 | $6.1M | 3.2% | |
| 6 | New York | 2 | — | 2.1% | |
| 7 | Pennsylvania | 2 | — | 2.1% | |
| 8 | New Jersey | 2 | — | 2.1% | |
| 9 | Georgia | 2 | — | 2.1% | |
| 10 | Texas | 2 | — | 2.1% | |
| 11 | Tennessee | 1 | — | 1.1% | |
| 12 | California | 1 | — | 1.1% |
In Virginia the lender accounts for 1.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (38 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Loudoun County, VA | 17 | $16.6M | 17.9% | |
| 2 | Fairfax County, VA | 8 | $5.0M | 8.4% | |
| 3 | Clarke County, VA | 6 | $5.5M | 6.3% | |
| 4 | District of Columbia, DC | 5 | $5.0M | 5.3% | |
| 5 | Prince William County, VA | 5 | $3.2M | 5.3% | |
| 6 | Frederick County, VA | 5 | $1.4M | 5.3% | |
| 7 | Arlington County, VA | 4 | $3.1M | 4.2% | |
| 8 | Frederick County, MD | 3 | $4.8M | 3.2% | |
| 9 | Duval County, FL | 3 | $1.4M | 3.2% | |
| 10 | Rockland County, NY | 2 | — | 2.1% | |
| 11 | Winchester city, VA | 2 | — | 2.1% | |
| 12 | New Haven County, CT | 2 | — | 2.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 16 | 16.8% | |
| 2 | Other Services (except Public Administration) | 16 | 16.8% | |
| 3 | Construction | 16 | 16.8% | |
| 4 | Retail Trade | 9 | 9.5% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 6.3% | |
| 6 | Manufacturing | 6 | 6.3% | |
| 7 | Health Care and Social Assistance | 5 | 5.3% | |
| 8 | Transportation and Warehousing | 4 | 4.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 14.7% | |
| 2 | Personal Care ServicesNAICS 8121 | 12 | 12.6% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 7.4% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 4 | 4.2% | |
| 5 | Converted Paper Product ManufacturingNAICS 3222 | 3 | 3.2% | |
| 6 | Activities Related to Real EstateNAICS 5313 | 3 | 3.2% | |
| 7 | Health and Personal Care RetailersNAICS 4561 | 3 | 3.2% | |
| 8 | Beer, Wine, and Distilled Alcoholic Beverage Merchant WholesalersNAICS 4248 | 3 | 3.2% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 2.1% | |
| 10 | Vegetable and Melon FarmingNAICS 1112 | 2 | 2.1% |
Approval sizes
- $50,000 or less1.1%1
- $50,001 to $150,0009.5%9
- $150,001 to $350,00021.1%20
- $350,001 to $1 million40.0%38
- $1 million to $2 million17.9%17
- Over $2 million10.5%10
Loan terms
- 5 years or less1.1%1
- Over 5 to 10 years71.6%68
- Over 10 to 20 years17.9%17
- Over 20 years9.5%9
Age of the businesses
- Existing, more than 2 years old34.7%33
- New business, 2 years or less16.8%16
- Startup, loan funds will open the business25.3%24
- Change of ownership23.2%22
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 7a General | 46 | 48.4% | |
| 2 | SBA Express Program | 23 | 24.2% | |
| 3 | Preferred Lenders Program | 21 | 22.1% | |
| 4 | International Trade Loans | 4 | 4.2% | |
| 5 | 7(a) WCP | 1 | 1.1% |
Franchise share
17 of 95 approvals in FY2021–FY2025 (17.9%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Venture X | 2 | 2.1% | |
| 2 | Francisca Charcoal Chicken & Meats | 1 | 1.1% | |
| 3 | Hammer & Nails Grooming For Guys | 1 | 1.1% | |
| 4 | Jimmy John's | 1 | 1.1% | |
| 5 | HTeaO | 1 | 1.1% | |
| 6 | Tous Les Jours | 1 | 1.1% | |
| 7 | iCode | 1 | 1.1% | |
| 8 | The UPS Store | 1 | 1.1% |
Questions and answers
How many SBA loans does Bank of Clarke make?
SBA approved 39 7(a) loans through Bank of Clarke in FY2025, worth $36.3M, and 95 over FY2021 to FY2025. That ranks 325th of 2,184 active 7(a) lenders by number of approvals.
How large are Bank of Clarke's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $500K and the average $931K. The program-wide median was $190K.
What is Bank of Clarke's charge-off rate?
Bank of Clarke has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Bank of Clarke lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (14); personal care services (12); other specialty trade contractors (7); building equipment contractors (4).
Where does Bank of Clarke make SBA loans?
In 13 states and territories. Virginia 55, Maryland 13, Florida 6, District of Columbia 5, Connecticut 3. In Virginia it accounts for 1.1% of all 7(a) approvals.
Is Bank of Clarke's SBA lending rising?
Volumes are too small to compare periods.
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error