SBA lending by metro area
SBA lenders in Baltimore, MD
Which lenders fund Baltimore-area businesses, how much, and how the market compares with Maryland: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Baltimore area
Ranked by SBA volume funded to businesses located in the Baltimore metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 3,390 | $454.4M | $134K | 4.60% |
| 2 | Business Finance Group, Inc. | 278 | $270.4M | $973K | not reported |
| 3 | Truist Bank | 355 | $189.4M | $534K | 3.10% |
| 4 | Fulton Bank, National Association | 199 | $158.3M | $796K | 4.52% |
| 5 | Live Oak Banking Company | 125 | $152.3M | $1.2M | 1.60% |
| 6 | Wells Fargo Bank National Association | 368 | $97.3M | $264K | 5.43% |
| 7 | Chesapeake Business Finance Corporation | 72 | $95.7M | $1.3M | not reported |
| 8 | First National Bank of Pennsylvania | 205 | $94.1M | $459K | 6.83% |
| 9 | Atlantic Union Bank | 171 | $80.8M | $472K | 3.51% |
| 10 | Hanmi Bank | 63 | $59.9M | $951K | 3.17% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Baltimore compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Baltimore area | $135K ▼ 6.3% | 4.7% |
| Maryland | $144K | 5.2% |
| United States | $179K | 11.2% |
What gets funded in Baltimore
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 961 | $530.6M |
| Health Care and Social Assistance | 812 | $402.8M |
| Professional and Technical Services | 1,239 | $351.3M |
| Retail Trade | 909 | $350.2M |
| Other Services | 755 | $293.3M |
| Construction | 882 | $220.4M |
| Manufacturing | 399 | $176.8M |
| Wholesale Trade | 244 | $129.8M |
SBA lending in Baltimore by year
Geography, precisely
"Baltimore area" here means the Baltimore-Columbia-Towson, MD metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Anne Arundel County, MD; Baltimore County, MD; Baltimore city, MD; Carroll County, MD; Harford County, MD; Howard County, MD; Queen Anne's County, MD. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.