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County18th of 24 in Maryland by approvalsFIPS 24015
SBA loans in Cecil 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 45 loans to businesses in Cecil County, Maryland, in FY2021 to FY2025, worth $15.0M: 44 under 7(a) and 1 under 504.
That is 25.3 approvals per 1,000 business establishments (1,776 establishments in 2023), below the Maryland figure of 37.3 and below the national 41.0.
It ranks 18th of 24 Maryland counties with approvals. In FY2025 there were 16.
14 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (16), PNC Bank, National Association (6) and Northeast Bank (5). 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 Cecil County
By number of approvals to businesses in the county, FY2021–FY2025; 14 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 16 | $1.3M | 35.6% | |
| 2 | PNC Bank, National AssociationWilmington, DE | 6 | $800K | 13.3% | |
| 3 | Northeast BankLewiston, ME | 5 | $589K | 11.1% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 4 | $520K | 8.9% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $739K | 6.7% | |
| 6 | Fulton Bank, National AssociationLancaster, PA | 2 | — | 4.4% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 4.4% | |
| 8 | 504 Capital CorporationChesapeake, VA · CDC | 1 | — | 2.2% | |
| 9 | Hanover Community BankMineola, NY | 1 | — | 2.2% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.2% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.2% | |
| 12 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.2% | |
| 13 | HomeTrust BankAsheville, NC | 1 | — | 2.2% | |
| 14 | TD Bank, National AssociationWilmington, DE | 1 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 11.1% | |
| 2 | Plastics Product ManufacturingNAICS 3261 | 4 | 8.9% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 6.7% | |
| 4 | Rubber Product ManufacturingNAICS 3262 | 3 | 6.7% | |
| 5 | Personal Care ServicesNAICS 8121 | 3 | 6.7% | |
| 6 | Traveler AccommodationNAICS 7211 | 2 | 4.4% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.4% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 2 | 4.4% | |
| 9 | Residential Building ConstructionNAICS 2361 | 2 | 4.4% | |
| 10 | Clothing StoresNAICS 4481 | 2 | 4.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 8 | 17.8% | |
| 2 | Manufacturing | 8 | 17.8% | |
| 3 | Other Services (except Public Administration) | 6 | 13.3% | |
| 4 | Construction | 5 | 11.1% | |
| 5 | Retail Trade | 5 | 11.1% | |
| 6 | Professional, Scientific, and Technical Services | 4 | 8.9% | |
| 7 | Health Care and Social Assistance | 3 | 6.7% | |
| 8 | Transportation and Warehousing | 2 | 4.4% |
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 | $7.3M | $110K | 0 | — | 12 | 185 |
| FY2025 | 15 | $4.5M | $95K | 1 | — | 16 | 199 |
| FY2024 | 9 | $1.1M | $50K | 0 | — | 9 | 30 |
| FY2023 | 5 | $460K | $100K | 0 | — | 5 | 74 |
| FY2022 | 8 | $1.5M | $60K | 0 | — | 8 | 77 |
| FY2021 | 7 | $4.2M | $350K | 0 | — | 7 | 29 |
| FY2020 | 5 | $4.1M | $304K | 0 | — | 5 | 93 |
| FY2019 | 9 | $8.8M | $95K | 0 | — | 9 | 288 |
| FY2018 | 9 | $763K | $100K | 1 | — | 10 | 32 |
| FY2017 | 8 | $5.6M | $281K | 0 | — | 8 | 61 |
| FY2016 | 5 | $235K | $50K | 0 | — | 5 | 14 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 37 approvals.
Against Maryland and the country
| FY2021–FY2025 | Cecil County | Maryland | United States |
|---|---|---|---|
| Approvals | 45 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 25.3 | 37.3 | 41.0 |
| Median 7(a) approval | $92K | $138K | $190K |
| Median 504 approval | — | $866K | $657K |
| Average approval | $334K | $433K | $573K |
| 504 share of approvals | 2.2% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 9.1 | 11.1 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less33.3%15
- $50,001 to $150,00035.6%16
- $150,001 to $350,00013.3%6
- $350,001 to $1 million11.1%5
- Over $2 million6.7%3
Age of the businesses
- Existing, more than 2 years old62.2%28
- New business, 2 years or less22.2%10
- Startup, loan funds will open the business6.7%3
- Change of ownership8.9%4
Questions and answers
Which lenders make the most SBA loans in Cecil County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (16), PNC Bank, National Association (6), Northeast Bank (5), BayFirst National Bank (4), Readycap Lending, LLC (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cecil County?
The median 7(a) approval was $92K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Cecil County?
Restaurants and Other Eating Places (5); Plastics Product Manufacturing (4); Automotive Repair and Maintenance (3); Rubber Product Manufacturing (3); Personal Care Services (3).
Is SBA lending in Cecil County rising?
Approvals in the three latest complete fiscal years total 30, against 20 in the three before: rising (+50%).
How does Cecil County compare with the rest of Maryland?
25.3 approvals per 1,000 establishments against 37.3 statewide, and 45 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