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County3rd of 24 in Maryland by approvalsFIPS 24005
SBA loans in Baltimore 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.
Businesses in Baltimore County, Maryland, received 749 SBA loan approvals worth $295M in FY2021 to FY2025 (725 7(a), 24 504).
That is 36.8 approvals per 1,000 business establishments (20,340 establishments in 2023), close to the Maryland figure of 37.3 and close to the national 41.0.
It ranks 3rd of 24 Maryland counties with approvals. In FY2025 there were 198, up 14% on FY2024.
85 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (332), The Huntington National Bank (27) and Wells Fargo Bank National Association (20). 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 County
By number of approvals to businesses in the county, FY2021–FY2025; 85 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 332 | $39.2M | 44.3% | |
| 2 | The Huntington National BankColumbus, OH | 27 | $9.1M | 3.6% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 20 | $3.9M | 2.7% | |
| 4 | Northeast BankLewiston, ME | 20 | $2.8M | 2.7% | |
| 5 | Fulton Bank, National AssociationLancaster, PA | 19 | $16.0M | 2.5% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 19 | $3.9M | 2.5% | |
| 7 | TD Bank, National AssociationWilmington, DE | 19 | $3.1M | 2.5% | |
| 8 | Business Finance Group, Inc.Fairfax, VA · CDC | 18 | $27.1M | 2.4% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 18 | $13.9M | 2.4% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 16 | $6.2M | 2.1% | |
| 11 | PNC Bank, National AssociationWilmington, DE | 16 | $4.3M | 2.1% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 15 | $10.5M | 2.0% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 13 | $8.7M | 1.7% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 13 | $3.8M | 1.7% | |
| 15 | Bank of America, National AssociationCharlotte, NC | 13 | $2.7M | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 66 | 8.8% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 33 | 4.4% | |
| 3 | General Freight TruckingNAICS 4841 | 28 | 3.7% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 26 | 3.5% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 26 | 3.5% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 26 | 3.5% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 26 | 3.5% | |
| 8 | Personal Care ServicesNAICS 8121 | 26 | 3.5% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 25 | 3.3% | |
| 10 | Residential Building ConstructionNAICS 2361 | 23 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 103 | 13.8% | |
| 2 | Health Care and Social Assistance | 98 | 13.1% | |
| 3 | Accommodation and Food Services | 86 | 11.5% | |
| 4 | Retail Trade | 76 | 10.1% | |
| 5 | Professional, Scientific, and Technical Services | 76 | 10.1% | |
| 6 | Other Services (except Public Administration) | 69 | 9.2% | |
| 7 | Transportation and Warehousing | 58 | 7.7% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 53 | 7.1% |
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* | 145 | $65.3M | $100K | 0 | — | 145 | 1,824 |
| FY2025 | 192 | $65.4M | $102K | 6 | $6.6M | 198 | 2,406 |
| FY2024 | 167 | $50.4M | $100K | 6 | $12.6M | 173 | 1,682 |
| FY2023 | 164 | $59.5M | $100K | 1 | — | 165 | 1,843 |
| FY2022 | 107 | $39.9M | $100K | 4 | $4.5M | 111 | 1,036 |
| FY2021 | 95 | $44.7M | $100K | 7 | $7.6M | 102 | 1,127 |
| FY2020 | 103 | $35.7M | $100K | 1 | — | 104 | 1,160 |
| FY2019 | 140 | $58.2M | $100K | 2 | — | 142 | 1,799 |
| FY2018 | 124 | $31.1M | $100K | 3 | $6.7M | 127 | 1,141 |
| FY2017 | 128 | $49.2M | $150K | 3 | $7.3M | 131 | 1,685 |
| FY2016 | 130 | $44.0M | $100K | 6 | $5.8M | 136 | 1,369 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 640 approvals.
Against Maryland and the country
| FY2021–FY2025 | Baltimore County | Maryland | United States |
|---|---|---|---|
| Approvals | 749 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 36.8 | 37.3 | 41.0 |
| Median 7(a) approval | $100K | $138K | $190K |
| Median 504 approval | $1.0M | $866K | $657K |
| Average approval | $394K | $433K | $573K |
| 504 share of approvals | 3.2% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 10.8 | 11.1 | 10.5 |
| Share of state approvals | 14.1% | 100.0% | — |
Approval sizes
- $50,000 or less36.8%276
- $50,001 to $150,00023.2%174
- $150,001 to $350,00014.7%110
- $350,001 to $1 million14.4%108
- $1 million to $2 million6.3%47
- Over $2 million4.5%34
Age of the businesses
- Existing, more than 2 years old54.1%405
- New business, 2 years or less20.0%150
- Startup, loan funds will open the business17.0%127
- Change of ownership8.8%66
- Not answered0.1%1
Questions and answers
Which lenders make the most SBA loans in Baltimore County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (332), The Huntington National Bank (27), Wells Fargo Bank National Association (20), Northeast Bank (20), Fulton Bank, National Association (19). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Baltimore County?
The median 7(a) approval was $100K and the median 504 approval $1.0M; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Baltimore County?
Restaurants and Other Eating Places (66); Services to Buildings and Dwellings (33); General Freight Trucking (28); Other Amusement and Recreation Industries (26); Automotive Repair and Maintenance (26).
Is SBA lending in Baltimore County rising?
Approvals in the three latest complete fiscal years total 536, against 317 in the three before: rising (+69%).
How does Baltimore County compare with the rest of Maryland?
36.8 approvals per 1,000 establishments against 37.3 statewide, and 749 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