Lenders › Clear Mountain Bank, Inc.
7(a) lenderBruceton Mills, West VirginiaFDIC-insured bank404th of 2,184 by approvals
Clear Mountain Bank, Inc.
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.
Clear Mountain Bank, Inc. (Bruceton Mills, West Virginia) is an FDIC-insured bank in the SBA 7(a) program, 404th of 2,184 by approvals in FY2021 to FY2025: 72 loans worth $14.5M.
In FY2025, the latest complete fiscal year, it had 3 approvals totalling $431K, down 75% on FY2024 (12).
The median approval was $111K, against $190K for the 7(a) program as a whole; 58.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 4 states and territories and 11 counties, led by West Virginia (84.7%), Maryland (11.1%) and Pennsylvania (2.8%). The largest industry group was other services (except public administration) at 20.8% of approvals, and 1.4% of approvals were to franchise businesses.
Of 134 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (2.2%), 100 as paid in full and 31 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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* | 0 | — | — | — | 0 |
| FY2025 | 3 | $431K | $61K | $144K | 28 |
| FY2024 | 12 | $1.3M | $68K | $112K | 41 |
| FY2023 | 9 | $1.0M | $75K | $113K | 23 |
| FY2022 | 10 | $2.7M | $136K | $267K | 79 |
| FY2021 | 38 | $9.0M | $157K | $238K | 157 |
| FY2020 | 77 | $17.6M | $116K | $229K | 286 |
| FY2019 | 11 | $781K | $50K | $71K | 11 |
| FY2018 | 12 | $917K | $73K | $76K | 19 |
| FY2017 | 8 | $839K | $79K | $105K | 46 |
| 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 108 approvals. First approval on file: FY2014.
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 | West Virginia | 7(a) program |
|---|---|---|---|
| Approvals in these years | 148 | 1,857 | 639,905 |
| Cancelled or never disbursed | 14 | 278 | 79,313 |
| Disbursed loans | 134 | 1,579 | 560,592 |
| Paid in full | 100 | 1,221 | 435,813 |
| Charged off | 3 | 85 | 36,891 |
| Still outstanding (status exempt from disclosure) | 31 | 273 | 87,888 |
| Charged off, share of disbursed loans | 2.2% | 5.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.8% | 2.4% | 2.5% |
| Dollars charged off | $222K | $11.2M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 32 | 14 | 0 | 0.0% | 2.8% |
| FY2020 | 71 | 58 | 1 | 1.4% | 4.0% |
| FY2019 | 11 | 10 | 1 | — | 6.7% |
| FY2018 | 10 | 10 | 0 | — | 7.9% |
| FY2017 | 8 | 7 | 1 | — | 7.7% |
| FY2016 | 0 | 0 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 1 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $111K | $190K |
| Average approval | $202K | $518K |
| Approvals of $150,000 or less | 58.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 44.4% | 34.3% |
| Approvals to franchise businesses | 1.4% | 11.5% |
| Jobs supported per approval, as reported | 4.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.2% | 6.6% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | West Virginia | 61 | $13.0M | 84.7% | |
| 2 | Maryland | 8 | $1.0M | 11.1% | |
| 3 | Pennsylvania | 2 | — | 2.8% | |
| 4 | Virginia | 1 | — | 1.4% |
In West Virginia the lender accounts for 6.5% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (11 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Monongalia County, WV | 36 | $9.2M | 50.0% | |
| 2 | Preston County, WV | 15 | $2.1M | 20.8% | |
| 3 | Garrett County, MD | 8 | $1.0M | 11.1% | |
| 4 | Harrison County, WV | 3 | $783K | 4.2% | |
| 5 | Marion County, WV | 3 | $144K | 4.2% | |
| 6 | Fayette County, PA | 2 | — | 2.8% | |
| 7 | Kanawha County, WV | 1 | — | 1.4% | |
| 8 | Randolph County, WV | 1 | — | 1.4% | |
| 9 | Wetzel County, WV | 1 | — | 1.4% | |
| 10 | Upshur County, WV | 1 | — | 1.4% | |
| 11 | Wythe County, VA | 1 | — | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 15 | 20.8% | |
| 2 | Construction | 10 | 13.9% | |
| 3 | Health Care and Social Assistance | 9 | 12.5% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 7 | 9.7% | |
| 5 | Accommodation and Food Services | 6 | 8.3% | |
| 6 | Transportation and Warehousing | 6 | 8.3% | |
| 7 | Professional, Scientific, and Technical Services | 4 | 5.6% | |
| 8 | Manufacturing | 4 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 5 | 6.9% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 5.6% | |
| 3 | Residential Building ConstructionNAICS 2361 | 4 | 5.6% | |
| 4 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 4.2% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.2% | |
| 6 | Other Personal ServicesNAICS 8129 | 3 | 4.2% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 4.2% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 4.2% | |
| 9 | Lessors of Real EstateNAICS 5311 | 3 | 4.2% | |
| 10 | General Freight TruckingNAICS 4841 | 3 | 4.2% |
Approval sizes
- $50,000 or less22.2%16
- $50,001 to $150,00036.1%26
- $150,001 to $350,00025.0%18
- $350,001 to $1 million15.3%11
- $1 million to $2 million1.4%1
Loan terms
- 5 years or less29.2%21
- Over 5 to 10 years44.4%32
- Over 10 to 20 years22.2%16
- Over 20 years4.2%3
Age of the businesses
- Existing, more than 2 years old52.8%38
- New business, 2 years or less29.2%21
- Startup, loan funds will open the business15.3%11
- Change of ownership2.8%2
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 71 | 98.6% | |
| 2 | 7a General | 1 | 1.4% |
Franchise share
1 of 72 approvals in FY2021–FY2025 (1.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Subway | 1 | 1.4% |
Questions and answers
How many SBA loans does Clear Mountain Bank, Inc. make?
SBA approved 3 7(a) loans through Clear Mountain Bank, Inc. in FY2025, worth $431K, and 72 over FY2021 to FY2025. That ranks 404th of 2,184 active 7(a) lenders by number of approvals.
How large are Clear Mountain Bank, Inc.'s typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $111K and the average $202K. The program-wide median was $190K.
What is Clear Mountain Bank, Inc.'s charge-off rate?
Of 134 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (2.2%), 100 as paid in full and 31 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. 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 Clear Mountain Bank, Inc. lend to most?
By number of approvals in FY2021 to FY2025: services to buildings and dwellings (5); restaurants and other eating places (4); residential building construction (4); drycleaning and laundry services (3).
Where does Clear Mountain Bank, Inc. make SBA loans?
In 4 states and territories. West Virginia 61, Maryland 8, Pennsylvania 2, Virginia 1. In West Virginia it accounts for 6.5% of all 7(a) approvals.
Is Clear Mountain Bank, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 24, against 125 in the three before: falling (-81%).
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