Maryland SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Maryland
Since FY2020, 182 lenders have funded 5,897 SBA loans worth $2.6B for businesses in Maryland. Borrowers reported 64,565 jobs supported by those loans. Below is who actually writes them, how big they run, and which Maryland businesses get funded.
Most active SBA lenders in Maryland
Ranked by loans funded for Maryland projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Maryland beats a local name that rarely writes SBA loans.
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Maryland SBA loans run
Share of Maryland 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | MD | US |
|---|---|---|
| Under $150K | 51.3% | 40.4% |
| $150K to $500K | 28% | 31.9% |
| $500K to $1M | 9.5% | 12.9% |
| $1M and up | 11.1% | 14.9% |
Who gets funded in Maryland
Business age on Maryland 7(a) loans. 9% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | MD | US |
|---|---|---|
| Established, more than 2 years | 53% | 55.2% |
| New, 2 years or less | 18.9% | 16.9% |
| Startup, loan opens the business | 19.1% | 16.8% |
| Change of ownership (buying a business) | 9% | 11.1% |
Industries Maryland SBA lenders fund most
Share of all Maryland SBA loans by industry, and how that compares with the national mix.
| Industry | MD loans | Share | Compared with US |
|---|---|---|---|
| Professional services | 782 | 13.3% | 1.4x the national share |
| Healthcare | 735 | 12.5% | 1.2x the national share |
| Construction | 710 | 12% | in line with national |
| Restaurants and hotels | 699 | 11.9% | in line with national |
| Personal and repair services | 626 | 10.6% | in line with national |
| Retail | 594 | 10.1% | 0.8x the national share |
| Business support services | 357 | 6.1% | in line with national |
| Transportation and trucking | 293 | 5% | in line with national |
The most common specific business types funded in Maryland: full-service restaurants (267), limited-service restaurants (219), residential remodelers (138), beauty salons (118), general automotive repair (116), fitness and recreational sports centers (107).
Where in Maryland the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Montgomery | 908 | 15% |
| Baltimore | 879 | 15% |
| Prince Georges | 814 | 14% |
| Anne Arundel | 649 | 11% |
| Baltimore City | 536 | 9% |
| Howard | 507 | 9% |
| Frederick | 337 | 6% |
| Harford | 253 | 4% |
7(a) or 504 in Maryland
4% of Maryland SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $861K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Maryland:
- Business Finance Group, Inc.: 153 504 loans, median $834K
- Chesapeake Business Finance Corporation: 29 504 loans, median $1.2M
- Rappahannock Economic Development Corporation: 21 504 loans, median $493K
- 504 Capital Corporation: 19 504 loans, median $1.9M
- Prince George's Financial Services Corporation: 11 504 loans, median $350K
Maryland SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 538 | 35 | $243M |
| FY2021 | 580 | 45 | $383M |
| FY2022 | 669 | 43 | $349M |
| FY2023 | 817 | 21 | $349M |
| FY2024 | 1,077 | 35 | $439M |
| FY2025 | 1,201 | 32 | $488M |
| FY2026 (through June 30, 2026) | 780 | 24 | $373M |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in Maryland?
By funded loans since FY2020, Manufacturers and Traders Trust Company leads Maryland with 2,346 loans.
How big is a typical SBA loan in Maryland?
The median 7(a) loan in Maryland is $127K, and the middle half runs from $45K to $375K. The median 504 loan is $861K. Nationally the 7(a) median is $200K.
What interest rate do Maryland SBA borrowers get?
The median starting rate on Maryland 7(a) loans since FY2020 is 10%, against 9.25% nationally. 92% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Maryland?
Yes. 38% of Maryland 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Maryland. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.