27 SBA loans worth $15.7M went to businesses in Elkton, MD between October 2021 and June 2026, from 14 lenders. Manufacturers and Traders Trust made the most, 8 loans. The median loan was $150,000, compared with $141,500 across Maryland, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 8 | $1.2M | $87,500 | 38% |
| 2 | BayFirst National Bank Bank · St. Petersburg, FL | 3 | $450K | $150,000 | 0% |
| 3 | Northeast Bank Bank · Portland, ME | 3 | $289K | $89,200 | 0% |
| 4 | Fulton Bank Bank · Lancaster, PA | 2 | $3.0M | $1,485,000 | 0% |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $550K | $275,000 | 0% |
| 6 | Climate First Bank Bank · St. Petersburg, FL | 1 | $5.0M | $5,000,000 | 100% |
| 7 | 504 Capital Certified development company · Chesapeake, VA | 1 | $3.2M | $3,177,000 | 0% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 1 | $1.0M | $1,000,000 | 100% |
| 9 | Firstrust Savings Bank Bank · Conshohocken, PA | 1 | $639K | $639,000 | 0% |
| 10 | First Bank of the Lake Bank · Osage Beach, MO | 1 | $150K | $150,000 | 0% |
| 11 | Celtic Bank Bank · Salt Lake City, UT | 1 | $150K | $150,000 | 0% |
| 12 | PNC Bank Bank · Wilmington, DE | 1 | $100K | $100,000 | 100% |
| 13 | TD Bank Bank · Wilmington, DE | 1 | $50K | $50,000 | 0% |
| 14 | Wells Fargo Bank Bank · Sioux Falls, SD | 1 | $15K | $15,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 8 | $150,000 | BayFirst National Bank | |
| Health care and social assistance | 4 | $175,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 4 | $69,600 | Northeast Bank | |
| Restaurants and hotels | 4 | $526,500 | 504 Capital | |
| Construction | 3 | $150,000 | Climate First Bank | |
| Administrative and support services | 2 | $87,500 | Manufacturers and Traders Trust | |
| Arts, entertainment and recreation | 1 | $100,000 | PNC Bank | |
| Professional and technical services | 1 | $55,000 | Manufacturers and Traders Trust |