Bank of Clarke

This is a local commercial bank offering SBA loan programs and small business financing solutions. You can find personalized banking services, loan assistance, and community support tailored to small business needs.

It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours for general inquiries and support.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment or special arrangements as needed.

There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the services utilized.

This bank primarily serves local residents and small business owners within the community, but offers services to qualified applicants from broader regions as well.

A minimum personal credit score of around 640 is generally preferred, though higher scores can improve approval chances.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of application materials.

Most banks keep weekday business hours and are closed on weekends, and Bank of Clarke typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Bank of Clarke to confirm current weekend availability before you go.

Bank of Clarke is located in Virginia — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Bank of Clarke, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bank of Clarke itself, which runs its own lending under its own ownership. If you work at Bank of Clarke, you can claim this listing from this page to manage it.

The core details for Bank of Clarke — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Bank of Clarke before applying. If you represent Bank of Clarke, claim this listing to keep its information up to date.

Bank of Clarke can be reached via their contact form at bankofclarke.bank/customer-support/contact-us/ or by phone at (800) 650-8723 — confirm current contact methods directly with the bank.

Based on its approved SBA loans, Bank of Clarke most often finances businesses in construction & contractors, restaurants & food service, salons, spas & personal care, manufacturing, medical practices & clinics, and wholesale & distribution. This reflects Bank of Clarke's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Bank of Clarke which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Bank of Clarke participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Clarke and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Bank of Clarke can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Bank of Clarke's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Clarke directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Bank of Clarke what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Bank of Clarke to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Bank of Clarke to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Bank of Clarke weighs this case by case under its own policy, so be upfront about your history and ask Bank of Clarke how it evaluates prior bankruptcies.