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County4th of 24 in Maryland by approvalsFIPS 24003
SBA loans in Anne Arundel County, Maryland
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 568 loans to businesses in Anne Arundel County, Maryland, in FY2021 to FY2025, worth $277M: 543 under 7(a) and 25 under 504.
That is 38.6 approvals per 1,000 business establishments (14,718 establishments in 2023), close to the Maryland figure of 37.3 and close to the national 41.0.
It ranks 4th of 24 Maryland counties with approvals. In FY2025 there were 151, up 18% on FY2024.
71 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (200), The Huntington National Bank (34) and BayFirst National Bank (26). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Anne Arundel County
By number of approvals to businesses in the county, FY2021–FY2025; 71 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 200 | $26.5M | 35.2% | |
| 2 | The Huntington National BankColumbus, OH | 34 | $12.3M | 6.0% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 26 | $6.7M | 4.6% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 25 | $9.8M | 4.4% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 22 | $10.8M | 3.9% | |
| 6 | Business Finance Group, Inc.Fairfax, VA · CDC | 20 | $21.2M | 3.5% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 19 | $28.3M | 3.3% | |
| 8 | TD Bank, National AssociationWilmington, DE | 18 | $2.9M | 3.2% | |
| 9 | Northeast BankLewiston, ME | 16 | $2.5M | 2.8% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 14 | $1.2M | 2.5% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 11 | $2.8M | 1.9% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 10 | $9.4M | 1.8% | |
| 13 | Capital Bank, National AssociationRockville, MD | 8 | $6.0M | 1.4% | |
| 14 | Wells Fargo Bank National AssociationSioux Falls, SD | 8 | $3.0M | 1.4% | |
| 15 | Atlantic Union BankRichmond, VA | 7 | $5.2M | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 45 | 7.9% | |
| 2 | Home Health Care ServicesNAICS 6216 | 29 | 5.1% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 26 | 4.6% | |
| 4 | Personal Care ServicesNAICS 8121 | 25 | 4.4% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 24 | 4.2% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 21 | 3.7% | |
| 7 | Computer Systems Design and Related ServicesNAICS 5415 | 21 | 3.7% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 19 | 3.3% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 17 | 3.0% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 17 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 87 | 15.3% | |
| 2 | Professional, Scientific, and Technical Services | 76 | 13.4% | |
| 3 | Other Services (except Public Administration) | 66 | 11.6% | |
| 4 | Retail Trade | 64 | 11.3% | |
| 5 | Accommodation and Food Services | 59 | 10.4% | |
| 6 | Construction | 53 | 9.3% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 40 | 7.0% | |
| 8 | Transportation and Warehousing | 23 | 4.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 109 | $48.4M | $120K | 6 | $11.8M | 115 | 1,005 |
| FY2025 | 149 | $56.7M | $150K | 2 | — | 151 | 1,532 |
| FY2024 | 125 | $55.9M | $150K | 3 | $6.4M | 128 | 1,611 |
| FY2023 | 97 | $44.8M | $150K | 4 | $4.5M | 101 | 1,817 |
| FY2022 | 99 | $37.0M | $100K | 8 | $5.7M | 107 | 1,028 |
| FY2021 | 73 | $49.3M | $200K | 8 | $11.0M | 81 | 1,319 |
| FY2020 | 73 | $34.1M | $150K | 3 | $6.3M | 76 | 1,093 |
| FY2019 | 91 | $34.5M | $150K | 3 | $2.3M | 94 | 1,081 |
| FY2018 | 112 | $46.0M | $100K | 1 | — | 113 | 1,194 |
| FY2017 | 92 | $36.3M | $241K | 3 | $2.7M | 95 | 910 |
| FY2016 | 96 | $31.9M | $118K | 4 | $4.6M | 100 | 1,048 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 478 approvals.
Against Maryland and the country
| FY2021–FY2025 | Anne Arundel County | Maryland | United States |
|---|---|---|---|
| Approvals | 568 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 38.6 | 37.3 | 41.0 |
| Median 7(a) approval | $150K | $138K | $190K |
| Median 504 approval | $902K | $866K | $657K |
| Average approval | $488K | $433K | $573K |
| 504 share of approvals | 4.4% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 12.9 | 11.1 | 10.5 |
| Share of state approvals | 10.7% | 100.0% | — |
Approval sizes
- $50,000 or less27.5%156
- $50,001 to $150,00023.8%135
- $150,001 to $350,00018.0%102
- $350,001 to $1 million18.3%104
- $1 million to $2 million6.0%34
- Over $2 million6.5%37
Age of the businesses
- Existing, more than 2 years old55.8%317
- New business, 2 years or less14.1%80
- Startup, loan funds will open the business20.4%116
- Change of ownership9.5%54
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in Anne Arundel County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (200), The Huntington National Bank (34), BayFirst National Bank (26), Readycap Lending, LLC (25), Newtek Bank, National Association (22). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Anne Arundel County?
The median 7(a) approval was $150K and the median 504 approval $902K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Anne Arundel County?
Restaurants and Other Eating Places (45); Home Health Care Services (29); Offices of Other Health Practitioners (26); Personal Care Services (25); Automotive Repair and Maintenance (24).
Is SBA lending in Anne Arundel County rising?
Approvals in the three latest complete fiscal years total 380, against 264 in the three before: rising (+44%).
How does Anne Arundel County compare with the rest of Maryland?
38.6 approvals per 1,000 establishments against 37.3 statewide, and 568 of the state's 5,330 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error