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County12th of 24 in Maryland by approvalsFIPS 24009
SBA loans in Calvert 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 Calvert County, Maryland, received 71 SBA loan approvals worth $36.6M in FY2021 to FY2025 (66 7(a), 5 504).
That is 41.2 approvals per 1,000 business establishments (1,725 establishments in 2023), close to the Maryland figure of 37.3 and close to the national 41.0.
It ranks 12th of 24 Maryland counties with approvals. In FY2025 there were 16, about level with FY2024.
26 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (25), Newtek Small Business Finance, Inc. (5) and Readycap Lending, LLC (5). The most common industry was building equipment contractors.
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 Calvert County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 25 | $2.1M | 35.2% | |
| 2 | Newtek Small Business Finance, Inc.Lake Success, NY | 5 | $3.9M | 7.0% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $2.4M | 7.0% | |
| 4 | Northeast BankLewiston, ME | 4 | $220K | 5.6% | |
| 5 | Business Finance Group, Inc.Fairfax, VA · CDC | 3 | $3.9M | 4.2% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 3 | $1.3M | 4.2% | |
| 7 | The Huntington National BankColumbus, OH | 2 | — | 2.8% | |
| 8 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 2.8% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.8% | |
| 10 | Bank of America, National AssociationCharlotte, NC | 2 | — | 2.8% | |
| 11 | Shore United Bank, National AssociationEaston, MD | 2 | — | 2.8% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 2.8% | |
| 13 | Bank Five NineOconomowoc, WI | 1 | — | 1.4% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 1.4% | |
| 15 | Rappahannock Economic Development CorporationFredericksburg, VA · CDC | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Equipment ContractorsNAICS 2382 | 9 | 12.7% | |
| 2 | Other Personal ServicesNAICS 8129 | 6 | 8.5% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 7.0% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 7.0% | |
| 5 | Personal Care ServicesNAICS 8121 | 4 | 5.6% | |
| 6 | Residential Building ConstructionNAICS 2361 | 4 | 5.6% | |
| 7 | Child Day Care ServicesNAICS 6244 | 3 | 4.2% | |
| 8 | Amusement Parks and ArcadesNAICS 7131 | 3 | 4.2% | |
| 9 | Traveler AccommodationNAICS 7211 | 2 | 2.8% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 16 | 22.5% | |
| 2 | Other Services (except Public Administration) | 14 | 19.7% | |
| 3 | Arts, Entertainment, and Recreation | 8 | 11.3% | |
| 4 | Accommodation and Food Services | 7 | 9.9% | |
| 5 | Manufacturing | 7 | 9.9% | |
| 6 | Health Care and Social Assistance | 5 | 7.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 4 | 5.6% | |
| 8 | Transportation and Warehousing | 3 | 4.2% |
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* | 12 | $4.8M | $200K | 0 | — | 12 | 90 |
| FY2025 | 16 | $10.1M | $58K | 0 | — | 16 | 401 |
| FY2024 | 15 | $8.4M | $150K | 2 | — | 17 | 101 |
| FY2023 | 11 | $2.5M | $120K | 1 | — | 12 | 132 |
| FY2022 | 11 | $4.5M | $150K | 0 | — | 11 | 122 |
| FY2021 | 13 | $4.3M | $90K | 2 | — | 15 | 167 |
| FY2020 | 8 | $1.9M | $88K | 0 | — | 8 | 48 |
| FY2019 | 16 | $2.7M | $50K | 1 | — | 17 | 181 |
| FY2018 | 14 | $1.1M | $25K | 4 | $2.1M | 18 | 61 |
| FY2017 | 10 | $1.1M | $69K | 0 | — | 10 | 89 |
| FY2016 | 11 | $4.2M | $50K | 0 | — | 11 | 76 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 64 approvals.
Against Maryland and the country
| FY2021–FY2025 | Calvert County | Maryland | United States |
|---|---|---|---|
| Approvals | 71 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 41.2 | 37.3 | 41.0 |
| Median 7(a) approval | $100K | $138K | $190K |
| Median 504 approval | $1.3M | $866K | $657K |
| Average approval | $516K | $433K | $573K |
| 504 share of approvals | 7.0% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 13.0 | 11.1 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less31.0%22
- $50,001 to $150,00025.4%18
- $150,001 to $350,00016.9%12
- $350,001 to $1 million12.7%9
- $1 million to $2 million5.6%4
- Over $2 million8.5%6
Age of the businesses
- Existing, more than 2 years old53.5%38
- New business, 2 years or less19.7%14
- Startup, loan funds will open the business19.7%14
- Change of ownership7.0%5
Questions and answers
Which lenders make the most SBA loans in Calvert County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (25), Newtek Small Business Finance, Inc. (5), Readycap Lending, LLC (5), Northeast Bank (4), Business Finance Group, Inc. (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Calvert County?
The median 7(a) approval was $100K and the median 504 approval $1.3M; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Calvert County?
Building Equipment Contractors (9); Other Personal Services (6); Restaurants and Other Eating Places (5); Other Amusement and Recreation Industries (5); Personal Care Services (4).
Is SBA lending in Calvert County rising?
Approvals in the three latest complete fiscal years total 45, against 34 in the three before: rising (+32%).
How does Calvert County compare with the rest of Maryland?
41.2 approvals per 1,000 establishments against 37.3 statewide, and 71 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