Industrial Bank approved 23 SBA loans worth $14.1M between October 2021 and June 2026, ranking #836 of 2,283 SBA lenders nationally by loan count. Its median loan was $440,500, and 83% went to startups or businesses under two years old. It lent in 4 states, most often in Maryland, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Maryland | 12 | $5.8M | $490,250 | #46 |
| District of Columbia | 7 | $6.8M | $929,300 | #24 |
| New Jersey | 2 | $1.1M | $552,500 | #162 |
| Virginia | 2 | $457K | $228,400 | #153 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 6 | $367,650 | |
| Restaurants and hotels | 6 | $529,000 | |
| Manufacturing | 2 | $553,500 | |
| Health care and social assistance | 2 | $349,650 | |
| Education | 2 | $156,000 | |
| Professional and technical services | 2 | $1,800,000 | |
| Arts, entertainment and recreation | 1 | $929,300 | |
| Retail | 1 | $350,000 | |
| Transportation and warehousing | 1 | $440,000 |