Potomac Bank
CHARLES TOWN, WV 25414
⭐ SBA Preferred LenderTop Industries Financed
- Retail Bakeries
- Landscaping Services
- Limited-Service Restaurants
- Administrative Management and General Management Consulting Services
- Full-Service Restaurants
Quick Summary
Potomac Bank is an SBA-approved lender headquartered in CHARLES TOWN, West Virginia. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 90 SBA 7(a) loans totaling $36.2M, with an average loan size of $403K. They serve businesses across 5 states.
About Potomac Bank
Potomac Bank is an SBA-approved lender headquartered in CHARLES TOWN, West Virginia. Since 2020, they have approved 90 SBA 7(a) loans totaling $36.2M, with an average loan size of $403K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 5 states.
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Frequently Asked Questions
Is Potomac Bank an SBA Preferred Lender?
Yes, Potomac Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Potomac Bank approved?
According to SBA FOIA public records, Potomac Bank has approved 90 SBA 7(a) loans totaling $36.2M since 2020. Their average loan size is $403K.
What states does Potomac Bank serve?
Potomac Bank serves businesses in 5 states: Washington D.C., Maryland, Pennsylvania, Virginia, West Virginia.
How do I apply for an SBA loan with Potomac Bank?
To apply for an SBA 7(a) loan with Potomac Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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