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County1st of 24 in Maryland by approvalsFIPS 24031
SBA loans in Montgomery 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 Montgomery County, Maryland, received 848 SBA loan approvals worth $360M in FY2021 to FY2025 (820 7(a), 28 504).
That is 30.6 approvals per 1,000 business establishments (27,677 establishments in 2023), below the Maryland figure of 37.3 and below the national 41.0.
It ranks 1st of 24 Maryland counties with approvals. In FY2025 there were 230, about level with FY2024.
90 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (234), TD Bank, National Association (86) and Northeast Bank (48). 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 Montgomery County
By number of approvals to businesses in the county, FY2021–FY2025; 90 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 234 | $38.4M | 27.6% | |
| 2 | TD Bank, National AssociationWilmington, DE | 86 | $10.7M | 10.1% | |
| 3 | Northeast BankLewiston, ME | 48 | $7.9M | 5.7% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 38 | $11.3M | 4.5% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 34 | $5.8M | 4.0% | |
| 6 | The Huntington National BankColumbus, OH | 32 | $15.3M | 3.8% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 29 | $13.5M | 3.4% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 23 | $47.3M | 2.7% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 22 | $3.7M | 2.6% | |
| 10 | Business Finance Group, Inc.Fairfax, VA · CDC | 20 | $16.7M | 2.4% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 20 | $6.6M | 2.4% | |
| 12 | Capital Bank, National AssociationRockville, MD | 18 | $12.4M | 2.1% | |
| 13 | PNC Bank, National AssociationWilmington, DE | 18 | $1.5M | 2.1% | |
| 14 | Bank of America, National AssociationCharlotte, NC | 14 | $5.9M | 1.7% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 12 | $8.6M | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 80 | 9.4% | |
| 2 | Computer Systems Design and Related ServicesNAICS 5415 | 44 | 5.2% | |
| 3 | Personal Care ServicesNAICS 8121 | 42 | 5.0% | |
| 4 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 39 | 4.6% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 32 | 3.8% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 31 | 3.7% | |
| 7 | Residential Building ConstructionNAICS 2361 | 31 | 3.7% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 27 | 3.2% | |
| 9 | Offices of PhysiciansNAICS 6211 | 23 | 2.7% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 21 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 166 | 19.6% | |
| 2 | Health Care and Social Assistance | 115 | 13.6% | |
| 3 | Construction | 88 | 10.4% | |
| 4 | Accommodation and Food Services | 87 | 10.3% | |
| 5 | Other Services (except Public Administration) | 80 | 9.4% | |
| 6 | Retail Trade | 74 | 8.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 45 | 5.3% | |
| 8 | Manufacturing | 42 | 5.0% |
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* | 132 | $49.1M | $100K | 3 | $4.5M | 135 | 1,241 |
| FY2025 | 228 | $71.2M | $150K | 2 | — | 230 | 1,995 |
| FY2024 | 230 | $107M | $150K | 5 | $3.4M | 235 | 2,578 |
| FY2023 | 135 | $44.0M | $125K | 5 | $12.2M | 140 | 1,641 |
| FY2022 | 116 | $48.9M | $102K | 6 | $4.0M | 122 | 1,388 |
| FY2021 | 111 | $59.3M | $223K | 10 | $7.7M | 121 | 1,635 |
| FY2020 | 92 | $33.0M | $100K | 13 | $14.0M | 105 | 1,627 |
| FY2019 | 144 | $51.5M | $143K | 2 | — | 146 | 1,431 |
| FY2018 | 179 | $56.2M | $125K | 5 | $5.6M | 184 | 2,021 |
| FY2017 | 156 | $43.2M | $100K | 3 | $1.5M | 159 | 1,360 |
| FY2016 | 144 | $34.2M | $100K | 5 | $4.1M | 149 | 1,670 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 743 approvals.
Against Maryland and the country
| FY2021–FY2025 | Montgomery County | Maryland | United States |
|---|---|---|---|
| Approvals | 848 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 30.6 | 37.3 | 41.0 |
| Median 7(a) approval | $150K | $138K | $190K |
| Median 504 approval | $686K | $866K | $657K |
| Average approval | $424K | $433K | $573K |
| 504 share of approvals | 3.3% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 10.9 | 11.1 | 10.5 |
| Share of state approvals | 15.9% | 100.0% | — |
Approval sizes
- $50,000 or less27.4%232
- $50,001 to $150,00026.3%223
- $150,001 to $350,00018.3%155
- $350,001 to $1 million18.0%153
- $1 million to $2 million5.5%47
- Over $2 million4.5%38
Age of the businesses
- Existing, more than 2 years old56.0%475
- New business, 2 years or less18.6%158
- Startup, loan funds will open the business17.5%148
- Change of ownership7.4%63
- Not answered0.5%4
Questions and answers
Which lenders make the most SBA loans in Montgomery County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (234), TD Bank, National Association (86), Northeast Bank (48), Readycap Lending, LLC (38), BayFirst National Bank (34). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Montgomery County?
The median 7(a) approval was $150K and the median 504 approval $686K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Montgomery County?
Restaurants and Other Eating Places (80); Computer Systems Design and Related Services (44); Personal Care Services (42); Management, Scientific, and Technical Consulting Services (39); Offices of Other Health Practitioners (32).
Is SBA lending in Montgomery County rising?
Approvals in the three latest complete fiscal years total 605, against 348 in the three before: rising (+74%).
How does Montgomery County compare with the rest of Maryland?
30.6 approvals per 1,000 establishments against 37.3 statewide, and 848 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