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SBA lenders in Maryland

4,003 SBA 7(a) loans in the last five years, from 160 different lenders. Here is who actually lends here.

Loans, last 5 years
4,003
Lent
$1.63B
last 5 fiscal years
Active lenders
160
wrote at least one loan
Typical loan
$150k
median approved
6.0%
nationally 5.7%

Who lends here most

last 5 fiscal years
Lender Loans in MDTypical loan Median rate
Manufacturers and Traders Trust Company1,534$50kP+3.89
TD Bank, National Association192$50kP+4.10
Readycap Lending, LLC182$129kP+4.32
BayFirst National Bank151$150kP+4.04
The Huntington National Bank146$350kP+2.47
Newtek Bank, National Association119$175kP+3.49
Northeast Bank108$119kP+2.95
Live Oak Banking Company93$750kP+1.86
PNC Bank, National Association80$30kP+4.52
Celtic Bank Corporation79$150kP+2.82

Manufacturers and Traders Trust Company alone writes 38% of the SBA loans in Maryland. That is worth knowing both ways — they clearly know this market, and you should still get a second quote, because a dominant lender has little reason to sharpen its pencil.

Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.

What gets funded here

by industry
Full-Service Restaurants
4%
Limited-Service Restaurants
4%
Residential Remodelers
2%
Beauty Salons
2%
Child Care Services
2%
General Automotive Repair
2%
Everything else
84%

How big the loans are

Under $150k
58%
$150k – $350k
17%
$350k – $750k
12%
$750k – $2M
9%
Over $2M
5%

If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.

SBA 504 lending in Maryland

504 FOIA record

A 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Maryland, and how they have performed.

504 loans since 2010
787
$804.4M in SBA seconds
Median project
$1.5M
bank first + 504 second
Default rate
4.3%
all 504 5.0%

CDCs most active in Maryland

Most-financed here: Offices of Lawyers, Full-Service Restaurants, Offices of Physicians, General Automotive Repair.

Match with a CDC for your project → How 504 works →

Next

Compare all lenders → Check your eligibility → Find your industry →

Source SBA 7(a) FOIA Released 2026-06-30 Basis where the project is, not where the bank is

SBA lending in other states

States with comparable volume, plus the three largest markets.