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County2nd of 24 in Maryland by approvalsFIPS 24033
SBA loans in Prince George's 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 Prince George's County, Maryland, received 791 SBA loan approvals worth $301M in FY2021 to FY2025 (760 7(a), 31 504).
That is 48.4 approvals per 1,000 business establishments (16,350 establishments in 2023), above the Maryland figure of 37.3 and above the national 41.0.
It ranks 2nd of 24 Maryland counties with approvals. In FY2025 there were 256, up 31% on FY2024.
89 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (183), TD Bank, National Association (87) and Northeast Bank (51). 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 Prince George's County
By number of approvals to businesses in the county, FY2021–FY2025; 89 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 183 | $17.7M | 23.1% | |
| 2 | TD Bank, National AssociationWilmington, DE | 87 | $7.7M | 11.0% | |
| 3 | Northeast BankLewiston, ME | 51 | $7.0M | 6.4% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 45 | $15.9M | 5.7% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 40 | $7.9M | 5.1% | |
| 6 | The Huntington National BankColumbus, OH | 24 | $8.9M | 3.0% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 20 | $3.0M | 2.5% | |
| 8 | Hanmi BankLos Angeles, CA | 17 | $21.3M | 2.1% | |
| 9 | Business Finance Group, Inc.Fairfax, VA · CDC | 17 | $18.9M | 2.1% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 16 | $6.3M | 2.0% | |
| 11 | CDC Small Business Finance Corp.San Diego, CA | 16 | $1.4M | 2.0% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 16 | $370K | 2.0% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 15 | $6.2M | 1.9% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 14 | $16.6M | 1.8% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 13 | $6.9M | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 58 | 7.3% | |
| 2 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 40 | 5.1% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 29 | 3.7% | |
| 4 | Computer Systems Design and Related ServicesNAICS 5415 | 27 | 3.4% | |
| 5 | Personal Care ServicesNAICS 8121 | 26 | 3.3% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 24 | 3.0% | |
| 7 | General Freight TruckingNAICS 4841 | 23 | 2.9% | |
| 8 | Child Day Care ServicesNAICS 6244 | 21 | 2.7% | |
| 9 | Offices of PhysiciansNAICS 6211 | 21 | 2.7% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 21 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 129 | 16.3% | |
| 2 | Construction | 98 | 12.4% | |
| 3 | Health Care and Social Assistance | 96 | 12.1% | |
| 4 | Retail Trade | 86 | 10.9% | |
| 5 | Other Services (except Public Administration) | 85 | 10.7% | |
| 6 | Accommodation and Food Services | 68 | 8.6% | |
| 7 | Transportation and Warehousing | 51 | 6.4% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 47 | 5.9% |
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* | 112 | $44.5M | $150K | 4 | $11.3M | 116 | 1,075 |
| FY2025 | 251 | $83.6M | $150K | 5 | $5.5M | 256 | 2,808 |
| FY2024 | 192 | $61.4M | $104K | 4 | $2.6M | 196 | 1,836 |
| FY2023 | 114 | $45.6M | $121K | 5 | $6.2M | 119 | 1,387 |
| FY2022 | 114 | $29.8M | $97K | 7 | $5.9M | 121 | 1,014 |
| FY2021 | 89 | $51.5M | $200K | 10 | $8.6M | 99 | 1,384 |
| FY2020 | 83 | $30.8M | $110K | 6 | $5.1M | 89 | 982 |
| FY2019 | 125 | $54.9M | $100K | 5 | $3.4M | 130 | 1,888 |
| FY2018 | 158 | $42.0M | $125K | 5 | $5.0M | 163 | 1,975 |
| FY2017 | 80 | $38.7M | $150K | 9 | $15.6M | 89 | 1,455 |
| FY2016 | 82 | $36.2M | $188K | 6 | $6.4M | 88 | 855 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 559 approvals.
Against Maryland and the country
| FY2021–FY2025 | Prince George's County | Maryland | United States |
|---|---|---|---|
| Approvals | 791 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 48.4 | 37.3 | 41.0 |
| Median 7(a) approval | $129K | $138K | $190K |
| Median 504 approval | $772K | $866K | $657K |
| Average approval | $380K | $433K | $573K |
| 504 share of approvals | 3.9% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 11.1 | 10.5 |
| Share of state approvals | 14.8% | 100.0% | — |
Approval sizes
- $50,000 or less31.9%252
- $50,001 to $150,00024.5%194
- $150,001 to $350,00018.5%146
- $350,001 to $1 million14.7%116
- $1 million to $2 million6.6%52
- Over $2 million3.9%31
Age of the businesses
- Existing, more than 2 years old63.5%502
- New business, 2 years or less16.1%127
- Startup, loan funds will open the business14.0%111
- Change of ownership6.2%49
- Not answered0.3%2
Questions and answers
Which lenders make the most SBA loans in Prince George's County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (183), TD Bank, National Association (87), Northeast Bank (51), Newtek Bank, National Association (45), Readycap Lending, LLC (40). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Prince George's County?
The median 7(a) approval was $129K and the median 504 approval $772K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Prince George's County?
Restaurants and Other Eating Places (58); Management, Scientific, and Technical Consulting Services (40); Building Equipment Contractors (29); Computer Systems Design and Related Services (27); Personal Care Services (26).
Is SBA lending in Prince George's County rising?
Approvals in the three latest complete fiscal years total 571, against 309 in the three before: rising (+85%).
How does Prince George's County compare with the rest of Maryland?
48.4 approvals per 1,000 establishments against 37.3 statewide, and 791 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