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County10th of 24 in Maryland by approvalsFIPS 24017
SBA loans in Charles 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 112 loans to businesses in Charles County, Maryland, in FY2021 to FY2025, worth $52.9M: 107 under 7(a) and 5 under 504.
That is 40.1 approvals per 1,000 business establishments (2,793 establishments in 2023), close to the Maryland figure of 37.3 and close to the national 41.0.
It ranks 10th of 24 Maryland counties with approvals. In FY2025 there were 27, up 50% on FY2024.
39 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (22), TD Bank, National Association (9) and Northeast Bank (7). 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 Charles County
By number of approvals to businesses in the county, FY2021–FY2025; 39 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 22 | $3.2M | 19.6% | |
| 2 | TD Bank, National AssociationWilmington, DE | 9 | $4.0M | 8.0% | |
| 3 | Northeast BankLewiston, ME | 7 | $749K | 6.3% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 6 | $1.3M | 5.4% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 5 | $750K | 4.5% | |
| 6 | Truist BankCharlotte, NC | 4 | $3.6M | 3.6% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $1.3M | 3.6% | |
| 8 | The Huntington National BankColumbus, OH | 4 | $755K | 3.6% | |
| 9 | Shore United Bank, National AssociationEaston, MD | 4 | $569K | 3.6% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 4 | $514K | 3.6% | |
| 11 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $45K | 3.6% | |
| 12 | Harvest Small Business Finance, LLCLaguna Hills, CA | 3 | $2.8M | 2.7% | |
| 13 | Fulton Bank, National AssociationLancaster, PA | 3 | $2.5M | 2.7% | |
| 14 | The Freedom Bank of VirginiaFairfax, VA | 2 | — | 1.8% | |
| 15 | Chesapeake Business Finance CorporationBethesda, MD · CDC | 2 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 8.9% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 6.3% | |
| 3 | General Freight TruckingNAICS 4841 | 6 | 5.4% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 5 | 4.5% | |
| 5 | Computer Systems Design and Related ServicesNAICS 5415 | 5 | 4.5% | |
| 6 | Health and Personal Care RetailersNAICS 4561 | 4 | 3.6% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 4 | 3.6% | |
| 8 | Death Care ServicesNAICS 8122 | 3 | 2.7% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 2.7% | |
| 10 | Offices of PhysiciansNAICS 6211 | 3 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 17 | 15.2% | |
| 2 | Health Care and Social Assistance | 16 | 14.3% | |
| 3 | Accommodation and Food Services | 15 | 13.4% | |
| 4 | Retail Trade | 13 | 11.6% | |
| 5 | Professional, Scientific, and Technical Services | 11 | 9.8% | |
| 6 | Other Services (except Public Administration) | 8 | 7.1% | |
| 7 | Transportation and Warehousing | 8 | 7.1% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 5 | 4.5% |
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* | 24 | $8.5M | $175K | 0 | — | 24 | 145 |
| FY2025 | 27 | $8.7M | $100K | 0 | — | 27 | 180 |
| FY2024 | 18 | $9.5M | $150K | 0 | — | 18 | 415 |
| FY2023 | 35 | $13.3M | $144K | 1 | — | 36 | 482 |
| FY2022 | 14 | $8.5M | $395K | 4 | $4.3M | 18 | 178 |
| FY2021 | 13 | $8.6M | $489K | 0 | — | 13 | 91 |
| FY2020 | 6 | $2.9M | $100K | 0 | — | 6 | 52 |
| FY2019 | 21 | $5.1M | $150K | 1 | — | 22 | 299 |
| FY2018 | 18 | $6.3M | $213K | 0 | — | 18 | 156 |
| FY2017 | 14 | $6.1M | $220K | 0 | — | 14 | 416 |
| FY2016 | 12 | $5.2M | $188K | 1 | — | 13 | 322 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 73 approvals.
Against Maryland and the country
| FY2021–FY2025 | Charles County | Maryland | United States |
|---|---|---|---|
| Approvals | 112 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 40.1 | 37.3 | 41.0 |
| Median 7(a) approval | $150K | $138K | $190K |
| Median 504 approval | $877K | $866K | $657K |
| Average approval | $473K | $433K | $573K |
| 504 share of approvals | 4.5% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 12.0 | 11.1 | 10.5 |
| Share of state approvals | 2.1% | 100.0% | — |
Approval sizes
- $50,000 or less30.4%34
- $50,001 to $150,00022.3%25
- $150,001 to $350,00017.0%19
- $350,001 to $1 million17.0%19
- $1 million to $2 million8.9%10
- Over $2 million4.5%5
Age of the businesses
- Existing, more than 2 years old50.9%57
- New business, 2 years or less20.5%23
- Startup, loan funds will open the business23.2%26
- Change of ownership5.4%6
Questions and answers
Which lenders make the most SBA loans in Charles County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (22), TD Bank, National Association (9), Northeast Bank (7), Newtek Bank, National Association (6), BayFirst National Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Charles County?
The median 7(a) approval was $150K and the median 504 approval $877K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Charles County?
Restaurants and Other Eating Places (10); Other Specialty Trade Contractors (7); General Freight Trucking (6); Services to Buildings and Dwellings (5); Computer Systems Design and Related Services (5).
Is SBA lending in Charles County rising?
Approvals in the three latest complete fiscal years total 81, against 37 in the three before: rising (+119%).
How does Charles County compare with the rest of Maryland?
40.1 approvals per 1,000 establishments against 37.3 statewide, and 112 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