Independent reference built on public SBA FOIA loan data. Not affiliated with the U.S. Small Business Administration.

SBA Loan Index
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SBA lending by state

SBA Lending in Maryland

In Maryland, SBA lenders funded 7,122 7(a) and 504 loans totaling $3.3B, an average of $467K per loan. The most active lender is Business Finance Group, Inc., and the most-funded industry is Accommodation and Food Services.

By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31

Funded loans
7,122
Total volume
$3.3B
Average loan size
$467K

Most active SBA lenders in Maryland

LenderLoansTotal volume
Business Finance Group, Inc. 554 $512.5M
Manufacturers and Traders Trust Company 2,529 $332.6M
Live Oak Banking Company 137 $199.1M
Chesapeake Business Finance Corporation 154 $192.7M
Fulton Bank, National Association 120 $89.5M
Hanmi Bank 76 $85.9M
Newtek Bank, National Association 207 $85.2M
The Huntington National Bank 186 $82.6M

Top industries funded in Maryland

IndustryLoansTotal volume
Accommodation and Food Services 868 $591.7M
Health Care and Social Assistance 891 $437.4M
Professional and Technical Services 963 $389.8M
Retail Trade 723 $364.0M
Other Services 754 $321.4M
Construction 807 $279.5M
Manufacturing 321 $199.8M
Arts, Entertainment, Recreation 266 $143.1M

SBA lending in Maryland by year

Fiscal yearLoansTotal volume
201078$46.7M
201190$66.5M
201297$84.9M
201360$74.9M
201430$28.8M
201540$29.3M
201636$38.9M
201728$41.1M
201826$23.6M
201927$20.8M
2020664$286.3M
2021759$453.9M
2022821$383.7M
2023966$407.3M
20241,274$493.1M
20251,514$572.8M
2026612$274.0M
Sources and disclaimer. Figures are computed from the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our methodology. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.

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