41 SBA loans worth $23.8M went to businesses in Hanover, MD between October 2021 and June 2026, from 19 lenders. Manufacturers and Traders Trust made the most, 11 loans. The median loan was $150,000, compared with $141,500 across Maryland, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 11 | $895K | $65,000 | 45% |
| 2 | Univest Bank and Trust Co Bank · Souderton, PA | 4 | $5.4M | $1,309,500 | 0% |
| 3 | TD Bank Bank · Wilmington, DE | 4 | $252K | $45,500 | 0% |
| 4 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $805K | $255,000 | 33% |
| 5 | Newtek Bank Bank · Miami, FL | 3 | $310K | $100,000 | 0% |
| 6 | Truist Bank Bank · Charlotte, NC | 2 | $2.4M | $1,223,000 | 50% |
| 7 | Huntington National Bank Bank · Columbus, OH | 2 | $1.3M | $644,000 | 100% |
| 8 | Business Finance Group Certified development company · Fairfax, VA | 1 | $5.0M | $5,000,000 | 0% |
| 9 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 1 | $1.6M | $1,600,000 | 0% |
| 10 | Merchants Bank of Indiana Bank · Carmel, IN | 1 | $1.5M | $1,540,600 | 100% |
| 11 | GBank Bank · Las Vegas, NV | 1 | $1.2M | $1,210,000 | 0% |
| 12 | Beacon Bank and Trust Bank · Boston, MA | 1 | $733K | $733,000 | 0% |
| 13 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $656K | $655,800 | 0% |
| 14 | Heritage Bank Bank · Burlington, KY | 1 | $625K | $624,700 | 0% |
| 15 | Live Oak Banking Bank · Wilmington, NC | 1 | $500K | $500,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 8 | $107,500 | Manufacturers and Traders Trust | |
| Restaurants and hotels | 6 | $439,850 | Manufacturers and Traders Trust | |
| Administrative and support services | 6 | $112,500 | TD Bank | |
| Wholesale trade | 5 | $1,600,000 | Univest Bank and Trust Co | |
| Health care and social assistance | 4 | $397,900 | Huntington National Bank | |
| Retail | 3 | $100,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 3 | $60,000 | Manufacturers and Traders Trust | |
| Construction | 2 | $655,000 | GBank |