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SBA lender · 7(a) program
Bank of Clarke
Bank of Clarke has approved 112 SBA loans worth $112.4M since FY2010. Everything below comes from the SBA’s own loan-level records.
National rank
#504
0.02% of all SBA dollars
Total approved
$112.4M
FY2010 onward
Loans
112
Median loan
$500,000
+178% vs national
Median rate
10.13%
+3.38 pts vs national
Charge-off rate
-
Cohort too small
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Bank of Clarke’s numbers say
Bank of Clarke sits in the long tail of the SBA lending field, having approved 112 loans for a gross total of $112.4M since fiscal 2010. Its median loan of $500,000 is substantially larger than the $180,000 national median, a pattern that usually signals a focus on real-estate-backed or acquisition deals rather than small working-capital notes.
The median initial note rate across its 7(a) approvals is 10.13%, 3.38 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Roughly 39% of its approvals with a recorded business age went to startups or businesses two years old or less, against 27% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where Bank of Clarke lends
| State | Loans | Share |
|---|---|---|
| Virginia | 61 | |
| Maryland | 15 | |
| Florida | 6 | |
| District of Columbia | 6 | |
| Connecticut | 5 | |
| North Carolina | 3 | |
| New Jersey | 2 | |
| Pennsylvania | 2 |
Franchise brands Bank of Clarke financed
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| SWTHZ, SweatHouz | 6 | $3.4M | |
| Hammer & Nails Grooming For Guys | 2 | $1.9M | |
| Venture X | 2 | $2.2M | |
| Building Kidz School | 1 | $464K | |
| Soldierfit | 1 | $350K | |
| Real Property Management | 1 | $250K | |
| Jimmy John's | 1 | $865K | |
| The UPS Store | 1 | $411K |
Brands with the most Bank of Clarke SBA loans, among brands with at least 10 loans in the file. Compare lenders across all franchise lending on SBA lenders for franchises.
Bank of Clarke made 24 of these loans under the SBA Express programme, median $250,000. Compare SBA Express lenders.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
A different SBA 7(a) lender
SmartBiz is a separate company from Bank of Clarke. An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Questions about Bank of Clarke
- How many SBA loans has Bank of Clarke approved?
- Bank of Clarke has approved 112 SBA loans totalling $112,368,900 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it outside the top 500 among all SBA lenders by dollars approved.
- What is the typical Bank of Clarke SBA loan size?
- The median gross approval is $500,000, with the middle 80% of loans falling between $150,000 and $2,527,000. The national median across all SBA lenders is $180,000.
- What interest rate does Bank of Clarke charge on SBA 7(a) loans?
- The median initial note rate on Bank of Clarke's 7(a) approvals is 10.13%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
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