States › Maryland › Baltimore city
County5th of 24 in Maryland by approvalsFIPS 24510
SBA loans in Baltimore city, 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 489 loans to businesses in Baltimore city, Maryland, in FY2021 to FY2025, worth $205M: 473 under 7(a) and 16 under 504.
That is 39.5 approvals per 1,000 business establishments (12,383 establishments in 2023), close to the Maryland figure of 37.3 and close to the national 41.0.
It ranks 5th of 24 Maryland counties with approvals. In FY2025 there were 110, about level with FY2024.
63 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (196), Readycap Lending, LLC (23) and Fulton Bank, National Association (22). 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 Baltimore city
By number of approvals to businesses in the county, FY2021–FY2025; 63 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 196 | $19.4M | 40.1% | |
| 2 | Readycap Lending, LLCBerkeley Heights, NJ | 23 | $10.4M | 4.7% | |
| 3 | Fulton Bank, National AssociationLancaster, PA | 22 | $15.5M | 4.5% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 21 | $4.2M | 4.3% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 14 | $1.1M | 2.9% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 12 | $3.8M | 2.5% | |
| 7 | Northeast BankLewiston, ME | 12 | $2.0M | 2.5% | |
| 8 | Business Finance Group, Inc.Fairfax, VA · CDC | 11 | $10.4M | 2.2% | |
| 9 | Hanmi BankLos Angeles, CA | 10 | $10.3M | 2.0% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 10 | $2.2M | 2.0% | |
| 11 | TD Bank, National AssociationWilmington, DE | 9 | $1.7M | 1.8% | |
| 12 | First National Bank of PennsylvaniaGreenville, PA | 8 | $7.4M | 1.6% | |
| 13 | Open BankLos Angeles, CA | 8 | $6.8M | 1.6% | |
| 14 | Univest Bank and Trust CoSouderton, PA | 8 | $5.7M | 1.6% | |
| 15 | PNC Bank, National AssociationWilmington, DE | 8 | $726K | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 66 | 13.5% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 32 | 6.5% | |
| 3 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 20 | 4.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 15 | 3.1% | |
| 5 | Personal Care ServicesNAICS 8121 | 14 | 2.9% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 2.7% | |
| 7 | General Freight TruckingNAICS 4841 | 13 | 2.7% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 12 | 2.5% | |
| 9 | Individual and Family ServicesNAICS 6241 | 10 | 2.0% | |
| 10 | Architectural, Engineering, and Related ServicesNAICS 5413 | 10 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 78 | 16.0% | |
| 2 | Professional, Scientific, and Technical Services | 73 | 14.9% | |
| 3 | Retail Trade | 72 | 14.7% | |
| 4 | Health Care and Social Assistance | 67 | 13.7% | |
| 5 | Other Services (except Public Administration) | 46 | 9.4% | |
| 6 | Construction | 36 | 7.4% | |
| 7 | Transportation and Warehousing | 26 | 5.3% | |
| 8 | Manufacturing | 24 | 4.9% |
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* | 72 | $38.1M | $165K | 4 | $3.6M | 76 | 1,105 |
| FY2025 | 109 | $30.9M | $150K | 1 | — | 110 | 1,168 |
| FY2024 | 102 | $29.9M | $100K | 5 | $10.4M | 107 | 1,113 |
| FY2023 | 99 | $39.6M | $125K | 2 | — | 101 | 1,583 |
| FY2022 | 88 | $41.2M | $100K | 3 | $5.2M | 91 | 1,225 |
| FY2021 | 75 | $40.9M | $160K | 5 | $4.4M | 80 | 927 |
| FY2020 | 70 | $25.7M | $85K | 2 | — | 72 | 669 |
| FY2019 | 100 | $25.4M | $70K | 3 | $1.2M | 103 | 1,365 |
| FY2018 | 109 | $30.3M | $92K | 1 | — | 110 | 982 |
| FY2017 | 82 | $21.7M | $100K | 3 | $4.4M | 85 | 698 |
| FY2016 | 95 | $21.2M | $50K | 2 | — | 97 | 1,181 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 467 approvals.
Against Maryland and the country
| FY2021–FY2025 | Baltimore city | Maryland | United States |
|---|---|---|---|
| Approvals | 489 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 39.5 | 37.3 | 41.0 |
| Median 7(a) approval | $130K | $138K | $190K |
| Median 504 approval | $995K | $866K | $657K |
| Average approval | $418K | $433K | $573K |
| 504 share of approvals | 3.3% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 12.3 | 11.1 | 10.5 |
| Share of state approvals | 9.2% | 100.0% | — |
Approval sizes
- $50,000 or less30.9%151
- $50,001 to $150,00025.6%125
- $150,001 to $350,00013.9%68
- $350,001 to $1 million17.4%85
- $1 million to $2 million7.4%36
- Over $2 million4.9%24
Age of the businesses
- Existing, more than 2 years old60.5%296
- New business, 2 years or less20.0%98
- Startup, loan funds will open the business12.9%63
- Change of ownership6.5%32
Questions and answers
Which lenders make the most SBA loans in Baltimore city?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (196), Readycap Lending, LLC (23), Fulton Bank, National Association (22), BayFirst National Bank (21), Wells Fargo Bank National Association (14). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Baltimore city?
The median 7(a) approval was $130K and the median 504 approval $995K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Baltimore city?
Restaurants and Other Eating Places (66); Beer, Wine, and Liquor Stores (32); Management, Scientific, and Technical Consulting Services (20); Offices of Other Health Practitioners (15); Personal Care Services (14).
Is SBA lending in Baltimore city rising?
Approvals in the three latest complete fiscal years total 318, against 243 in the three before: rising (+31%).
How does Baltimore city compare with the rest of Maryland?
39.5 approvals per 1,000 establishments against 37.3 statewide, and 489 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