Lenders › Potomac Bank
7(a) lenderCharles Town, West VirginiaFDIC-insured bank373rd of 2,184 by approvals
Potomac Bank
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.
Potomac Bank (Charles Town, West Virginia) is an FDIC-insured bank in the SBA 7(a) program, 373rd of 2,184 by approvals in FY2021 to FY2025: 80 loans worth $34.0M.
In FY2025, the latest complete fiscal year, it had 19 approvals totalling $9.9M, up 27% on FY2024 (15). FY2026 to 30 Jun 2026 adds 13 more.
The median approval was $250K, against $190K for the 7(a) program as a whole; 32.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 5 states and territories and 25 counties, led by Virginia (66.3%), West Virginia (22.5%) and Maryland (6.3%). The largest industry group was professional, scientific, and technical services at 17.5% of approvals, and 22.5% of approvals were to franchise businesses.
Of 32 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 26 as paid in full and 6 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* | 13 | $3.7M | $200K | $285K | 192 |
| FY2025 | 19 | $9.9M | $205K | $521K | 176 |
| FY2024 | 15 | $7.8M | $250K | $522K | 172 |
| FY2023 | 19 | $7.0M | $250K | $369K | 231 |
| FY2022 | 15 | $4.9M | $265K | $324K | 245 |
| FY2021 | 12 | $4.4M | $320K | $365K | 457 |
| FY2020 | 8 | $2.0M | $115K | $252K | 144 |
| FY2019 | 3 | $166K | $50K | $55K | 20 |
| FY2018 | 3 | $351K | $75K | $117K | 21 |
| FY2017 | 1 | — | — | — | 3 |
| FY2016 | 5 | $1.2M | $110K | $233K | 24 |
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 20 approvals. First approval on file: FY2013.
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 | 35 | 9,784 | 639,905 |
| Cancelled or never disbursed | 3 | 1,259 | 79,313 |
| Disbursed loans | 32 | 8,525 | 560,592 |
| Paid in full | 26 | 6,432 | 435,813 |
| Charged off | 0 | 665 | 36,891 |
| Still outstanding (status exempt from disclosure) | 6 | 1,428 | 87,888 |
| Charged off, share of disbursed loans | 0.0% | 7.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.0% | 3.2% | 2.5% |
| Dollars charged off | $0 | $121M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 12 | 8 | 0 | — | 2.8% |
| FY2020 | 6 | 5 | 0 | — | 4.0% |
| FY2019 | 3 | 3 | 0 | — | 6.7% |
| FY2018 | 3 | 3 | 0 | — | 7.9% |
| FY2017 | 1 | 1 | 0 | — | 7.7% |
| FY2016 | 4 | 3 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 1 | 1 | 0 | — | 6.4% |
| FY2013 | 1 | 1 | 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 | $250K | $190K |
| Average approval | $425K | $518K |
| Approvals of $150,000 or less | 32.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 56.3% | 34.3% |
| Approvals to franchise businesses | 22.5% | 11.5% |
| Jobs supported per approval, as reported | 16.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 6.6% |
States served
| # | State of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Virginia | 53 | $17.7M | 66.3% | |
| 2 | West Virginia | 18 | $9.2M | 22.5% | |
| 3 | Maryland | 5 | $5.7M | 6.3% | |
| 4 | Pennsylvania | 3 | $1.2M | 3.8% | |
| 5 | District of Columbia | 1 | — | 1.3% |
In Virginia the lender accounts for 1.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (25 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Loudoun County, VA | 17 | $5.3M | 21.3% | |
| 2 | Berkeley County, WV | 9 | $7.7M | 11.3% | |
| 3 | Jefferson County, WV | 9 | $1.6M | 11.3% | |
| 4 | Stafford County, VA | 6 | $1.2M | 7.5% | |
| 5 | Fredericksburg city, VA | 4 | $1.4M | 5.0% | |
| 6 | Chesterfield County, VA | 3 | $1.6M | 3.8% | |
| 7 | Franklin County, PA | 3 | $1.2M | 3.8% | |
| 8 | Prince William County, VA | 3 | $621K | 3.8% | |
| 9 | Frederick County, MD | 2 | — | 2.5% | |
| 10 | Henrico County, VA | 2 | — | 2.5% | |
| 11 | Fauquier County, VA | 2 | — | 2.5% | |
| 12 | Richmond city, VA | 2 | — | 2.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 14 | 17.5% | |
| 2 | Manufacturing | 12 | 15.0% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 9 | 11.3% | |
| 4 | Other Services (except Public Administration) | 9 | 11.3% | |
| 5 | Health Care and Social Assistance | 8 | 10.0% | |
| 6 | Accommodation and Food Services | 8 | 10.0% | |
| 7 | Retail Trade | 6 | 7.5% | |
| 8 | Construction | 5 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Bakeries and Tortilla ManufacturingNAICS 3118 | 8 | 10.0% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 7 | 8.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 7.5% | |
| 4 | Personal Care ServicesNAICS 8121 | 6 | 7.5% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 5 | 6.3% | |
| 6 | Computer Systems Design and Related ServicesNAICS 5415 | 4 | 5.0% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 4 | 5.0% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 3.8% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.8% | |
| 10 | Other Miscellaneous Store RetailersNAICS 4539 | 3 | 3.8% |
Approval sizes
- $50,000 or less7.5%6
- $50,001 to $150,00025.0%20
- $150,001 to $350,00037.5%30
- $350,001 to $1 million23.8%19
- $1 million to $2 million3.8%3
- Over $2 million2.5%2
Loan terms
- 5 years or less6.3%5
- Over 5 to 10 years78.8%63
- Over 10 to 20 years10.0%8
- Over 20 years5.0%4
Age of the businesses
- Existing, more than 2 years old32.5%26
- New business, 2 years or less15.0%12
- Startup, loan funds will open the business41.3%33
- Change of ownership11.3%9
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 49 | 61.3% | |
| 2 | SBA Express Program | 27 | 33.8% | |
| 3 | 7a General | 3 | 3.8% | |
| 4 | Working Capital CAPLine | 1 | 1.3% |
Franchise share
18 of 80 approvals in FY2021–FY2025 (22.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Nothing Bundt Cakes | 7 | 8.8% | |
| 2 | Manhattan Pizza | 1 | 1.3% | |
| 3 | Intelligent Office | 1 | 1.3% | |
| 4 | Tropical Smoothie Cafe | 1 | 1.3% | |
| 5 | ProMd Health | 1 | 1.3% | |
| 6 | Carpet One Floor & Home | 1 | 1.3% | |
| 7 | YogaSix | 1 | 1.3% | |
| 8 | Ellie Mental Health | 1 | 1.3% |
Questions and answers
How many SBA loans does Potomac Bank make?
SBA approved 19 7(a) loans through Potomac Bank in FY2025, worth $9.9M, and 80 over FY2021 to FY2025. That ranks 373rd of 2,184 active 7(a) lenders by number of approvals.
How large are Potomac Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $250K and the average $425K. The program-wide median was $190K.
What is Potomac Bank's charge-off rate?
Of 32 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 26 as paid in full and 6 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 Potomac Bank lend to most?
By number of approvals in FY2021 to FY2025: bakeries and tortilla manufacturing (8); offices of other health practitioners (7); restaurants and other eating places (6); personal care services (6).
Where does Potomac Bank make SBA loans?
In 5 states and territories. Virginia 53, West Virginia 18, Maryland 5, Pennsylvania 3, District of Columbia 1. In Virginia it accounts for 1.0% of all 7(a) approvals.
Is Potomac Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 53, against 35 in the three before: rising (+51%).
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