At a glance
From its website, read 2 Nov 2026Locus Bank, Inc. is a bank or thrift based in Richmond, Virginia. Its website describes energy-efficiency loans, affordable housing development loans and small-business loans.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | locusimpact.org |
|---|---|
| Office (official list) | 7814 Carousel Lane, Suite 100, Richmond, VA 23294 |
What their website says about applying
Fill out this form to hear from someone on our team:
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Bank or thrift |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 19 Oct 2026 |
| RSSD ID | 3626858 |
| Address | 7814 Carousel Lane, Suite 100, Richmond, VA 23294 Directions (Google Maps) |
| Website | locusimpact.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. No loan amounts or online loan application were stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Energy / solar / efficiency loans | — | Financing projects led by small and emerging solar energy developers working toward a more sustainable future nationwide. | source |
| Affordable housing development loans | — | Our Affordable Housing Loan Fund supports the development of affordable multifamily housing in the Richmond Region. | source |
| Small-business loans | — | Today, our small business lending focuses on four critical areas that shape prosperous, resilient communities: | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Nonprofits
Locus provides flexible financing for small businesses and nonprofit organizations across the affordable housing, clean energy, food systems, and community health sectors.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://locusimpact.org/
- https://locusimpact.org/solutions/financing/small-businesses/
- https://locusimpact.org/solutions/financing/affordable-housing/
- https://locusimpact.org/solutions/financing/
- https://locusimpact.org/solar-lending-program/
- https://locusimpact.org/sector-resilience-loan-program/
- https://locusimpact.org/expanding-affordable-housing-in-the-national-capital-region/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your energy-efficiency loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your affordable housing development loans and small-business loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$3.7 million in 12 awards from the U.S. Treasury's CDFI Fund, 2009–2024 (Bank Enterprise Award Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Bank Enterprise Award Program | $280,369 |
| 2023 | Bank Enterprise Award Program | $307,552 |
| 2021 | Bank Enterprise Award Program | $170,699 |
| 2019 | Bank Enterprise Award Program | $245,547 |
| 2018 | Bank Enterprise Award Program | $233,244 |
| 2016 | Bank Enterprise Award Program | $227,282 |
| 2015 | Bank Enterprise Award Program | $265,496 |
| 2014 | Bank Enterprise Award Program | $355,000 |
| 2012 | Bank Enterprise Award Program | $415,000 |
| 2011 | Bank Enterprise Award Program | $500,000 |
| 2010 | Bank Enterprise Award Program | $600,000 |
| 2009 | Bank Enterprise Award Program | $53,739 |
Emergency Capital Investment Program (ECIP)
Treasury invested $36.4 million in this institution under ECIP, by buying preferred stock or subordinated debt (an investment, not a grant; it is not counted in the award total). ECIP type on the list: CDFI. Treasury notes: Previously named VCC Bank. Source: U.S. Treasury ECIP participant list (last updated Mar 2025), downloaded 3 Nov 2026.
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
FDIC, 30 Jun 2026On file with the FDIC as Locus Bank, Inc. (FDIC cert 58658). Source: FDIC BankFind Suite (public data): total assets from the Call Report as of 30 Jun 2026; office list as of 30 Oct 2026, downloaded 3 Nov 2026.
| Total assets | $359.4 million (as of 30 Jun 2026) |
|---|---|
| Offices | 2 (as of 30 Oct 2026) |
Offices by state and county (2)
Virginia (2 offices)
- Henrico County (1): 7814 Carousel Ln, Richmond 23294 (main office)
- Montgomery County (1): 110 Peppers Fry Rd Nw, Christiansburg 24073
An office shows where the lender has a branch, not where it lends or whom it lends to.
What the regulator filing shows
Call Report, 30 Jun 2026Figures from the Call Report filed by Locus Bank, Inc. (RSSD 3626858, FDIC cert 58658). Source: FFIEC Central Data Repository, bulk Call Report data (public data), report date 30 Jun 2026; year-earlier figures from the 30 Jun 2025 report; downloaded 4 Nov 2026. Schedules RC-C Parts I and II, dollar amounts filed in thousands.
| Total loans and leases | $295.3 million (as of 30 Jun 2026, net of unearned income) |
|---|---|
| Change over the year | Up 8.4% from $272.3 million on 30 Jun 2025 |
| Total assets | $359.4 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| Home mortgages (1-4 family, closed-end) | $19.2 million | 6.5% |
| Commercial real estate, construction and multifamily | $170.1 million | 57.6% |
| Commercial and industrial (business) loans | $80.4 million | 27.2% |
| Farmland and farm production loans | $19.3 million | 6.5% |
| All other loans and leases | $6.6 million | 2.2% |
None reported on the 30 Jun 2026 report: home equity lines of credit; consumer loans (credit cards, auto, other).
Small business loans (original amount $1 million or less, balances on 30 Jun 2026)
| Original loan amount | Secured by business property | Commercial and industrial |
|---|---|---|
| Up to $100,000 | 2 loans $158,000 | 16 loans $456,000 |
| $100,001 to $250,000 | 13 loans $1.4 million | 14 loans $909,000 |
| $250,001 to $1 million | 32 loans $14.2 million | 17 loans $5.7 million |
| All small business loans | 47 loans $15.8 million | 47 loans $7.1 million |
Small farm loans (original amount $500,000 or less, balances on 30 Jun 2026)
None reported on the 30 Jun 2026 report.
Balances are loans outstanding on the report date, not loans made during the year, and they include loans the bank bought. Shares are of gross loans and leases. The change over the year includes loans gained through mergers or bought from others. A category with no balance does not mean the bank never makes that kind of loan; ask the bank.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets (Call Report, 30 Jun 2026) | $359.4 million | Larger than 47% of the 321 other certified banks and bank holding companies nationwide (median $383.2 million). |
| Loans as a share of assets | 82% | Median of the same 321 banks and bank holding companies: 68%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $272.3 million → $295.3 million (+8%) | Median change of 321 other certified banks and bank holding companies nationwide: +7%. Rank by loans held among these 322: 143 → 142. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Call Report total assets | other certified banks and bank holding companies nationwide | 321 | larger than 47% |
| Loans held then vs now | certified banks and bank holding companies nationwide reporting both dates | 321 | rank 143 → 142 of 322 |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 14 SBA-backed approvals for Locus Bank, Inc. in fiscal years 2020–2026 (October 2019 to September 2026):
- 7 7(a) loans as the lender: $2.2M in total (gross amount approved), median $200,000
- 7 504 projects as the third-party (first-lien) lender: $3.3M in total (its own third-party loan amount), median $449,500
By fiscal year: FY2020 3 · FY2021 4 · FY2022 4 · FY2023 2 · FY2024 1 · FY2025 0 · FY2026 0.
By program
- 504 projects (as the third-party lender) (7, 50%)
- 7(a) SBA Express (5, 36%)
- 7(a) standard (2, 14%)
Borrower industries
NAICS sector, 3 or more loans.
- Other services (except public administration) (3)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Virginia Beach City, VA (4)
How this lender was matched in the SBA files: FDIC cert 58658, found through the RSSD ID on the CDFI Fund list (SBA lists “Locus Bank Inc”); 504 third-party lender name: same name, state and city (SBA lists “Locus Bank Inc”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Locus Bank, Inc. may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Richmond and Virginia
- Bridging Virginia IncLoan fund · Richmond, VASmall-business loansVerified
- Locus Impact FundLoan fund · Richmond, VAEnergy / solar / efficiency loans, Affordable housing development loans, Small-business loansVerified
- Mobility Credit Acceptance LLCLoan fund · Richmond, VAAuto / vehicle loans, Equipment loans, Home repair / improvement loansVerified
- RVA Financial Federal Credit UnionCredit union · Richmond, VAAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Virginia Community Development Fund, Inc., TheLoan fund · Richmond, VACommercial real estate loans, Energy / solar / efficiency loans, Affordable housing development loansVerified
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