SBA lending by metro area
SBA lenders in Hagerstown, MD
Which lenders fund Hagerstown-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 Hagerstown area
Ranked by SBA volume funded to businesses located in the Hagerstown 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 | 195 | $20.9M | $107K | 6.15% |
| 2 | Business Finance Group, Inc. | 20 | $14.2M | $709K | not reported |
| 3 | Fulton Bank, National Association | 14 | $13.9M | $995K | not reported |
| 4 | Potomac Bank | 16 | $9.2M | $574K | not reported |
| 5 | Readycap Lending, LLC | 5 | $8.4M | $1.7M | not reported |
| 6 | Live Oak Banking Company | 6 | $7.6M | $1.3M | not reported |
| 7 | The First Bank and Trust Company | 16 | $6.1M | $379K | not reported |
| 8 | The Huntington National Bank | 10 | $4.6M | $460K | not reported |
| 9 | Truist Bank | 13 | $4.5M | $349K | not reported |
| 10 | Celtic Bank Corporation | 10 | $4.4M | $445K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Hagerstown compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Hagerstown area | $120K ▼ 16.7% | 6.0% ▲ 0.8 pts |
| Maryland | $144K | 5.2% |
| United States | $179K | 11.2% |
What gets funded in Hagerstown
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 61 | $55.5M |
| Manufacturing | 34 | $30.2M |
| Retail Trade | 69 | $17.9M |
| Construction | 50 | $16.0M |
| Arts, Entertainment, Recreation | 22 | $13.0M |
| Real Estate | 16 | $12.4M |
| Professional and Technical Services | 37 | $11.7M |
| Health Care and Social Assistance | 36 | $11.4M |
SBA lending in Hagerstown by year
Geography, precisely
"Hagerstown area" here means the Hagerstown-Martinsburg, MD-WV metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Berkeley County, WV; Morgan County, WV; Washington 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.