SBA 7(a) loans in Maryland
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
3,336loans approved
$130,000median loan
$49K–$350Kmiddle half of loans
$1.3Btotal approved
11%median initial rate
10 yrsmedian term
The median Maryland loan is 26% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Limited-Service Restaurants (722513) | 146 | $245,000 |
| Full-Service Restaurants (722511) | 145 | $250,000 |
| Residential Remodelers (236118) | 91 | $80,000 |
| Beauty Salons (812112) | 77 | $55,000 |
| Administrative Management and General Management Consulting Services (541611) | 75 | $90,000 |
| Child Day Care Services (624410) | 73 | $285,000 |
| General Automotive Repair (811111) | 69 | $100,000 |
| Fitness and Recreational Sports Centers (713940) | 66 | $200,300 |
| Landscaping Services (561730) | 58 | $82,500 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 55 | $150,000 |
Most active lenders in Maryland
| Lender | Loans | Median | Total |
|---|---|---|---|
| Manufacturers and Traders Trust Company | 1,399 | $50,000 | $174.6M |
| Readycap Lending, LLC | 150 | $101,750 | $44.0M |
| TD Bank, National Association | 140 | $50,000 | $26.4M |
| Newtek Bank, National Association | 122 | $200,000 | $41.9M |
| Northeast Bank | 119 | $144,300 | $18.5M |
| The Huntington National Bank | 118 | $300,000 | $55.5M |
| Live Oak Banking Company | 87 | $650,000 | $112.5M |
| Bayfirst National Bank | 81 | $150,000 | $12.2M |
| Celtic Bank Corporation | 59 | $150,000 | $27.4M |
| United Midwest Savings Bank National Association | 53 | $150,000 | $18.2M |
SBA 504 loans in Maryland
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
105504 loans approved
$933,000median CDC portion
$149.2Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Maryland
| Lender | Loans | Median | Total |
|---|---|---|---|
| Business Finance Group, INC. | 62 | $1,023,000 | $89.4M |
| Rappahannock Economic Development Corporation | 18 | $656,500 | $17.1M |
| 504 Capital Corporation | 10 | $1,869,000 | $20.6M |
| Chesapeake Business Finance Corporation | 10 | $1,756,000 | $19.9M |
Starting a business in Maryland? See how to register your business.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.