5,490 SBA loans worth $2.3B went to Maryland businesses between October 2021 and June 2026, from 170 lenders. Manufacturers and Traders Trust made the most 7(a) loans, 2,076 or 39% of the state's total, and the ten most active lenders made 70%. The median 7(a) loan was $121,000, below the national median of $158,000. Professional and technical services was the most financed industry, at 14% of loans. Annual loan count rose 58% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 2,076 | $255.5M | $50,000 | 45% | Construction |
| 2 | Northeast Bank Bank · Portland, ME | 270 | $41.9M | $120,000 | 10% | Professional and technical services |
| 3 | TD Bank Bank · Wilmington, DE | 263 | $40.5M | $50,000 | 29% | Professional and technical services |
| 4 | Newtek Bank Bank · Miami, FL | 232 | $90.3M | $200,000 | 21% | Professional and technical services |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 210 | $71.9M | $104,250 | 17% | Professional and technical services |
| 6 | Huntington National Bank Bank · Columbus, OH | 178 | $80.7M | $300,000 | 60% | Restaurants and hotels |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 167 | $30.0M | $150,000 | 4% | Professional and technical services |
| 8 | Live Oak Banking Bank · Wilmington, NC | 119 | $159.3M | $750,000 | 33% | Health care and social assistance |
| 9 | PNC Bank Bank · Wilmington, DE | 101 | $14.3M | $40,000 | 43% | Construction |
| 10 | Wells Fargo Bank Bank · Sioux Falls, SD | 98 | $17.9M | $15,000 | 82% | Retail |
| 11 | Celtic Bank Bank · Salt Lake City, UT | 92 | $49.0M | $150,000 | 24% | Health care and social assistance |
| 12 | Fulton Bank Bank · Lancaster, PA | 88 | $60.0M | $350,000 | 39% | Restaurants and hotels |
| 13 | United Midwest Savings Bank Bank · Degraff, OH | 80 | $25.4M | $150,000 | 79% | Professional and technical services |
| 14 | Bank of America Bank · Charlotte, NC | 72 | $27.7M | $318,700 | 22% | Construction |
| 15 | Capital Bank Bank · Rockville, MD | 57 | $46.8M | $500,000 | 16% | Professional and technical services |
| 16 | Harvest Small Business Finance Non-bank lender · Laguna Hills, CA | 50 | $49.4M | $787,750 | 14% | Other services (repair, personal care) |
| 17 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 50 | $10.9M | $150,000 | 2% | Professional and technical services |
| 18 | Hanmi Bank Bank · Los Angeles, CA | 48 | $53.7M | $644,500 | 21% | Retail |
| 19 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 48 | $20.9M | $245,400 | 27% | Health care and social assistance |
| 20 | JPMorgan Chase Bank Bank · Columbus, OH | 38 | $6.7M | $104,000 | 5% | Professional and technical services |
| 21 | Atlantic Union Bank Bank · Richmond City, VA | 35 | $20.7M | $400,000 | 51% | Health care and social assistance |
| 22 | First Bank of the Lake Bank · Osage Beach, MO | 32 | $21.2M | $268,500 | 59% | Other services (repair, personal care) |
| 23 | Truist Bank Bank · Charlotte, NC | 31 | $42.2M | $960,000 | 29% | Construction |
| 24 | Univest Bank and Trust Co Bank · Souderton, PA | 31 | $20.3M | $400,000 | 65% | Other services (repair, personal care) |
| 25 | First National Bank of Pennsylvania Bank · Greenville, PA | 30 | $32.9M | $651,500 | 47% | Health care and social assistance |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Business Finance Group Fairfax, VA | 112 | $146.6M | $912,500 |
| 2 | 504 Capital Chesapeake, VA | 18 | $35.0M | $2,060,000 |
| 3 | Chesapeake Business Finance Bethesda, MD | 17 | $31.9M | $1,230,000 |
| 4 | Rappahannock Economic Development Fredericksburg, VA | 17 | $15.8M | $493,000 |
| 5 | Prince George's Financial Services Largo, MD | 12 | $7.3M | $510,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 744 | $150,000 | Manufacturers and Traders Trust | |
| Health care and social assistance | 707 | $150,000 | Manufacturers and Traders Trust | |
| Restaurants and hotels | 673 | $247,500 | Manufacturers and Traders Trust | |
| Construction | 627 | $120,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 585 | $125,000 | Manufacturers and Traders Trust | |
| Retail | 531 | $150,000 | Manufacturers and Traders Trust | |
| Administrative and support services | 336 | $129,500 | Manufacturers and Traders Trust | |
| Transportation and warehousing | 271 | $52,800 | Manufacturers and Traders Trust | |
| Manufacturing | 237 | $150,000 | Manufacturers and Traders Trust | |
| Arts, entertainment and recreation | 199 | $150,000 | Manufacturers and Traders Trust | |
| Wholesale trade | 146 | $150,000 | Manufacturers and Traders Trust | |
| Education | 144 | $75,000 | Manufacturers and Traders Trust |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Baltimore | 498 | $209.8M | $150,000 | Manufacturers and Traders Trust |
| Frederick | 214 | $121.6M | $150,000 | Manufacturers and Traders Trust |
| Rockville | 187 | $95.5M | $150,000 | Manufacturers and Traders Trust |
| Columbia | 182 | $89.9M | $150,000 | Manufacturers and Traders Trust |
| Silver Spring | 174 | $62.2M | $100,000 | Manufacturers and Traders Trust |
| Gaithersburg | 169 | $65.2M | $115,000 | Manufacturers and Traders Trust |
| Laurel | 130 | $54.5M | $144,750 | Manufacturers and Traders Trust |
| Annapolis | 120 | $48.3M | $175,000 | Manufacturers and Traders Trust |
| Upper Marlboro | 111 | $27.9M | $75,000 | Manufacturers and Traders Trust |
| Bowie | 107 | $33.7M | $109,000 | Manufacturers and Traders Trust |
| Glen Burnie | 90 | $38.0M | $137,500 | Manufacturers and Traders Trust |
| Hagerstown | 89 | $51.1M | $100,000 | Manufacturers and Traders Trust |
| Hyattsville | 85 | $47.9M | $210,000 | Manufacturers and Traders Trust |
| Ellicott City | 80 | $25.7M | $150,000 | Manufacturers and Traders Trust |
| Bethesda | 79 | $23.1M | $150,000 | Manufacturers and Traders Trust |
57 Maryland cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.