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County7th of 24 in Maryland by approvalsFIPS 24021
SBA loans in Frederick 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 Frederick County, Maryland, received 309 SBA loan approvals worth $157M in FY2021 to FY2025 (288 7(a), 21 504).
That is 46.9 approvals per 1,000 business establishments (6,591 establishments in 2023), above the Maryland figure of 37.3 and close to the national 41.0.
It ranks 7th of 24 Maryland counties with approvals. In FY2025 there were 93, up 21% on FY2024.
52 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (141), Business Finance Group, Inc. (14) and PNC Bank, National Association (14). 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 Frederick County
By number of approvals to businesses in the county, FY2021–FY2025; 52 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 141 | $23.3M | 45.6% | |
| 2 | Business Finance Group, Inc.Fairfax, VA · CDC | 14 | $15.9M | 4.5% | |
| 3 | PNC Bank, National AssociationWilmington, DE | 14 | $1.8M | 4.5% | |
| 4 | Northeast BankLewiston, ME | 13 | $2.9M | 4.2% | |
| 5 | The Huntington National BankColumbus, OH | 9 | $7.2M | 2.9% | |
| 6 | TD Bank, National AssociationWilmington, DE | 9 | $3.2M | 2.9% | |
| 7 | Truist BankCharlotte, NC | 6 | $8.2M | 1.9% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 6 | $2.2M | 1.9% | |
| 9 | ACNB BankGettysburg, PA | 5 | $8.5M | 1.6% | |
| 10 | Capital Bank, National AssociationRockville, MD | 5 | $6.7M | 1.6% | |
| 11 | Hanmi BankLos Angeles, CA | 5 | $5.4M | 1.6% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 5 | $3.5M | 1.6% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 5 | $1.7M | 1.6% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 5 | $750K | 1.6% | |
| 15 | 504 Capital CorporationChesapeake, VA · CDC | 4 | $6.2M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 36 | 11.7% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 24 | 7.8% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 15 | 4.9% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 12 | 3.9% | |
| 5 | Other Schools and InstructionNAICS 6116 | 10 | 3.2% | |
| 6 | Personal Care ServicesNAICS 8121 | 10 | 3.2% | |
| 7 | Bakeries and Tortilla ManufacturingNAICS 3118 | 9 | 2.9% | |
| 8 | Residential Building ConstructionNAICS 2361 | 9 | 2.9% | |
| 9 | Grocery StoresNAICS 4451 | 8 | 2.6% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 8 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 42 | 13.6% | |
| 2 | Health Care and Social Assistance | 37 | 12.0% | |
| 3 | Construction | 37 | 12.0% | |
| 4 | Retail Trade | 35 | 11.3% | |
| 5 | Manufacturing | 31 | 10.0% | |
| 6 | Arts, Entertainment, and Recreation | 28 | 9.1% | |
| 7 | Professional, Scientific, and Technical Services | 27 | 8.7% | |
| 8 | Other Services (except Public Administration) | 26 | 8.4% |
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* | 50 | $24.9M | $165K | 1 | — | 51 | 619 |
| FY2025 | 87 | $43.1M | $100K | 6 | $6.7M | 93 | 997 |
| FY2024 | 73 | $20.8M | $115K | 4 | $8.2M | 77 | 876 |
| FY2023 | 53 | $24.0M | $100K | 3 | $3.8M | 56 | 669 |
| FY2022 | 43 | $26.7M | $250K | 6 | $6.2M | 49 | 478 |
| FY2021 | 32 | $16.6M | $250K | 2 | — | 34 | 429 |
| FY2020 | 26 | $4.7M | $100K | 3 | $5.8M | 29 | 325 |
| FY2019 | 37 | $8.8M | $50K | 3 | $2.2M | 40 | 292 |
| FY2018 | 53 | $28.6M | $150K | 1 | — | 54 | 741 |
| FY2017 | 38 | $13.8M | $66K | 1 | — | 39 | 337 |
| FY2016 | 55 | $13.3M | $68K | 2 | — | 57 | 517 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 219 approvals.
Against Maryland and the country
| FY2021–FY2025 | Frederick County | Maryland | United States |
|---|---|---|---|
| Approvals | 309 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 46.9 | 37.3 | 41.0 |
| Median 7(a) approval | $133K | $138K | $190K |
| Median 504 approval | $869K | $866K | $657K |
| Average approval | $509K | $433K | $573K |
| 504 share of approvals | 6.8% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 11.2 | 11.1 | 10.5 |
| Share of state approvals | 5.8% | 100.0% | — |
Approval sizes
- $50,000 or less29.8%92
- $50,001 to $150,00024.3%75
- $150,001 to $350,00013.6%42
- $350,001 to $1 million18.1%56
- $1 million to $2 million7.4%23
- Over $2 million6.8%21
Age of the businesses
- Existing, more than 2 years old45.6%141
- New business, 2 years or less22.3%69
- Startup, loan funds will open the business23.6%73
- Change of ownership8.4%26
Questions and answers
Which lenders make the most SBA loans in Frederick County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (141), Business Finance Group, Inc. (14), PNC Bank, National Association (14), Northeast Bank (13), The Huntington National Bank (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Frederick County?
The median 7(a) approval was $133K and the median 504 approval $869K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Frederick County?
Restaurants and Other Eating Places (36); Other Amusement and Recreation Industries (24); Offices of Other Health Practitioners (15); Automotive Repair and Maintenance (12); Other Schools and Instruction (10).
Is SBA lending in Frederick County rising?
Approvals in the three latest complete fiscal years total 226, against 112 in the three before: rising (+102%).
How does Frederick County compare with the rest of Maryland?
46.9 approvals per 1,000 establishments against 37.3 statewide, and 309 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