SBA lending by state
SBA Lending in Maryland
In Maryland, SBA lenders funded 14,924 7(a) and 504 loans since FY2010, totaling $5.9B, an average of $394K per loan. The most active lender is Manufacturers and Traders Trust Company, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Maryland
Ranked by SBA loans funded in Maryland since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Maryland loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Maryland shows “not reported,” never 0%.
See the full Maryland ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 5,691 | $741.5M | $130K | 4.81% |
| 2 | Truist Bank | 679 | $346.9M | $511K | 3.53% |
| 3 | Wells Fargo Bank National Association | 679 | $178.9M | $264K | 5.45% |
| 4 | TD Bank, National Association | 568 | $85.6M | $151K | 10.39% |
| 5 | Business Finance Group, Inc. | 559 | $513.5M | $919K | not reported |
| 6 | PNC Bank, National Association | 385 | $77.8M | $202K | 3.38% |
| 7 | Atlantic Union Bank | 313 | $155.6M | $497K | 4.47% |
| 8 | Northeast Bank | 297 | $44.9M | $151K | 1.35% |
| 9 | BayFirst National Bank | 263 | $54.8M | $208K | 4.94% |
| 10 | Fulton Bank, National Association | 261 | $210.2M | $805K | 4.21% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Maryland
An SBA 504 project in Maryland pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Maryland, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Business Finance Group, Inc. | 554 | $512.5M |
| Chesapeake Business Finance Corporation | 154 | $192.7M |
| Prince George's Financial Services Corporation | 27 | $28.4M |
| 504 Capital Corporation | 21 | $36.6M |
| Rappahannock Economic Development Corporation | 20 | $18.4M |
| Georgia Certified Development Corporation | 1 | $3.3M |
| Delaware Community Development Corporation | 1 | $371K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Maryland
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1,792 | $1.1B |
| Health Care and Social Assistance | 1,675 | $742.1M |
| Professional and Technical Services | 2,320 | $698.9M |
| Retail Trade | 1,736 | $686.5M |
| Other Services | 1,429 | $545.9M |
| Construction | 1,658 | $433.7M |
| Manufacturing | 697 | $318.1M |
| Wholesale Trade | 475 | $266.1M |
Top cities for SBA loans in Maryland
Where SBA 7(a) and 504 borrowers in Maryland are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Baltimore | 1,762 | $666.0M |
| Rockville | 550 | $259.2M |
| Frederick | 534 | $239.1M |
| Columbia | 486 | $217.7M |
| Silver Spring | 446 | $189.8M |
| Annapolis | 405 | $156.7M |
| Gaithersburg | 428 | $141.1M |
| Laurel | 293 | $120.4M |
SBA lending by metro area in Maryland
Which lenders fund each Maryland market, with local loan sizes and industries.
- SBA lenders in Philadelphia, PA 18,324 loans
- SBA lenders in Washington, DC 15,604 loans
- SBA lenders in Baltimore, MD 7,844 loans
- SBA lenders in Hagerstown, MD 451 loans
- SBA lenders in Lexington Park, MD 330 loans
- SBA lenders in Salisbury, MD 182 loans
- SBA lenders in Ocean Pines, MD 124 loans
- SBA lenders in Cumberland, MD 178 loans
- SBA lenders in Easton, MD 90 loans
- SBA lenders in Cambridge, MD 49 loans
SBA lending in Maryland by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 728 | $196.1M |
| 2011 | 842 | $297.3M |
| 2012 | 696 | $276.4M |
| 2013 | 704 | $320.0M |
| 2014 | 723 | $271.2M |
| 2015 | 892 | $325.8M |
| 2016 | 896 | $311.3M |
| 2017 | 863 | $346.0M |
| 2018 | 1,052 | $342.4M |
| 2019 | 918 | $328.7M |
| 2020 | 664 | $286.3M |
| 2021 | 759 | $453.9M |
| 2022 | 821 | $383.7M |
| 2023 | 966 | $407.3M |
| 2024 | 1,274 | $493.1M |
| 2025 | 1,514 | $572.8M |
| 2026 | 612 | $274.0M |
SBA lending in Maryland: frequently asked questions
How much SBA lending is there in Maryland?
SBA lenders funded 14,924 7(a) and 504 loans totaling $5.9B in Maryland in the public SBA data (as of 2026-03-31), an average of $394K per loan.
Who is the most active SBA lender in Maryland?
Manufacturers and Traders Trust Company is the most active SBA lender in Maryland in the public data, by loans funded.
What industries get the most SBA loans in Maryland?
The most-funded industry for SBA loans in Maryland is Accommodation and Food Services.
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