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County8th of 24 in Maryland by approvalsFIPS 24025
SBA loans in Harford 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 236 loans to businesses in Harford County, Maryland, in FY2021 to FY2025, worth $96.8M: 227 under 7(a) and 9 under 504.
That is 41.9 approvals per 1,000 business establishments (5,636 establishments in 2023), close to the Maryland figure of 37.3 and close to the national 41.0.
It ranks 8th of 24 Maryland counties with approvals. In FY2025 there were 73, up 33% on FY2024.
45 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (124), The Huntington National Bank (10) and Wells Fargo Bank National Association (8). 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 Harford County
By number of approvals to businesses in the county, FY2021–FY2025; 45 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 124 | $20.6M | 52.5% | |
| 2 | The Huntington National BankColumbus, OH | 10 | $4.9M | 4.2% | |
| 3 | Wells Fargo Bank National AssociationSioux Falls, SD | 8 | $677K | 3.4% | |
| 4 | Business Finance Group, Inc.Fairfax, VA · CDC | 6 | $11.0M | 2.5% | |
| 5 | Bank of America, National AssociationCharlotte, NC | 6 | $1.8M | 2.5% | |
| 6 | Northeast BankLewiston, ME | 6 | $554K | 2.5% | |
| 7 | PNC Bank, National AssociationWilmington, DE | 5 | $310K | 2.1% | |
| 8 | Orrstown BankHarrisburg, PA | 4 | $6.3M | 1.7% | |
| 9 | HomeTrust BankAsheville, NC | 4 | $3.4M | 1.7% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $2.5M | 1.7% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 4 | $1.0M | 1.7% | |
| 12 | Univest Bank and Trust CoSouderton, PA | 4 | $846K | 1.7% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 3 | $8.2M | 1.3% | |
| 14 | First National Bank of PennsylvaniaGreenville, PA | 3 | $7.9M | 1.3% | |
| 15 | Centerstone SBA Lending, Inc.Los Angeles, CA | 3 | $3.5M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 26 | 11.0% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 15 | 6.4% | |
| 3 | Personal Care ServicesNAICS 8121 | 15 | 6.4% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 5.5% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 10 | 4.2% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 3.8% | |
| 7 | Residential Building ConstructionNAICS 2361 | 8 | 3.4% | |
| 8 | Beer, Wine, and Liquor StoresNAICS 4453 | 6 | 2.5% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 6 | 2.5% | |
| 10 | Offices of PhysiciansNAICS 6211 | 5 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 38 | 16.1% | |
| 2 | Other Services (except Public Administration) | 34 | 14.4% | |
| 3 | Accommodation and Food Services | 30 | 12.7% | |
| 4 | Retail Trade | 25 | 10.6% | |
| 5 | Professional, Scientific, and Technical Services | 22 | 9.3% | |
| 6 | Health Care and Social Assistance | 17 | 7.2% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 16 | 6.8% | |
| 8 | Arts, Entertainment, and Recreation | 12 | 5.1% |
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* | 34 | $8.5M | $100K | 2 | — | 36 | 368 |
| FY2025 | 71 | $23.4M | $150K | 2 | — | 73 | 828 |
| FY2024 | 54 | $11.1M | $85K | 1 | — | 55 | 315 |
| FY2023 | 49 | $19.2M | $100K | 0 | — | 49 | 403 |
| FY2022 | 34 | $24.4M | $110K | 2 | — | 36 | 316 |
| FY2021 | 19 | $6.0M | $100K | 4 | $4.9M | 23 | 125 |
| FY2020 | 27 | $12.6M | $100K | 1 | — | 28 | 361 |
| FY2019 | 58 | $11.5M | $73K | 1 | — | 59 | 513 |
| FY2018 | 51 | $26.5M | $50K | 1 | — | 52 | 389 |
| FY2017 | 39 | $18.6M | $150K | 2 | — | 41 | 421 |
| FY2016 | 35 | $12.3M | $50K | 3 | $1.2M | 38 | 341 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 218 approvals.
Against Maryland and the country
| FY2021–FY2025 | Harford County | Maryland | United States |
|---|---|---|---|
| Approvals | 236 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 41.9 | 37.3 | 41.0 |
| Median 7(a) approval | $100K | $138K | $190K |
| Median 504 approval | $955K | $866K | $657K |
| Average approval | $410K | $433K | $573K |
| 504 share of approvals | 3.8% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 11.1 | 10.5 |
| Share of state approvals | 4.4% | 100.0% | — |
Approval sizes
- $50,000 or less35.6%84
- $50,001 to $150,00025.0%59
- $150,001 to $350,00015.3%36
- $350,001 to $1 million11.4%27
- $1 million to $2 million8.1%19
- Over $2 million4.7%11
Age of the businesses
- Existing, more than 2 years old47.9%113
- New business, 2 years or less22.9%54
- Startup, loan funds will open the business22.0%52
- Change of ownership7.2%17
Questions and answers
Which lenders make the most SBA loans in Harford County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (124), The Huntington National Bank (10), Wells Fargo Bank National Association (8), Business Finance Group, Inc. (6), Bank of America, National Association (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Harford County?
The median 7(a) approval was $100K and the median 504 approval $955K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Harford County?
Restaurants and Other Eating Places (26); Building Equipment Contractors (15); Personal Care Services (15); Automotive Repair and Maintenance (13); Services to Buildings and Dwellings (10).
Is SBA lending in Harford County rising?
Approvals in the three latest complete fiscal years total 177, against 87 in the three before: rising (+103%).
How does Harford County compare with the rest of Maryland?
41.9 approvals per 1,000 establishments against 37.3 statewide, and 236 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