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County17th of 24 in Maryland by approvalsFIPS 24037
SBA loans in St. Mary'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 St. Mary's County, Maryland, received 50 SBA loan approvals worth $43.5M in FY2021 to FY2025 (48 7(a), 2 504).
That is 23.9 approvals per 1,000 business establishments (2,090 establishments in 2023), below the Maryland figure of 37.3 and below the national 41.0.
It ranks 17th of 24 Maryland counties with approvals. In FY2025 there were 14, about level with FY2024.
25 lenders had approvals here; the most active were Shore United Bank, National Association (6), The Huntington National Bank (4) and Newtek Bank, National Association (4). 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 St. Mary's County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Shore United Bank, National AssociationEaston, MD | 6 | $3.6M | 12.0% | |
| 2 | The Huntington National BankColumbus, OH | 4 | $1.6M | 8.0% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 4 | $705K | 8.0% | |
| 4 | Truist BankCharlotte, NC | 3 | $3.9M | 6.0% | |
| 5 | SouthState Bank, National AssociationWinter Haven, FL | 3 | $2.2M | 6.0% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $937K | 6.0% | |
| 7 | Northeast BankLewiston, ME | 3 | $800K | 6.0% | |
| 8 | PNC Bank, National AssociationWilmington, DE | 3 | $420K | 6.0% | |
| 9 | First Bank of the LakeOsage Beach, MO | 2 | — | 4.0% | |
| 10 | WesBanco Bank, Inc.Wheeling, WV | 2 | — | 4.0% | |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 4.0% | |
| 12 | TD Bank, National AssociationWilmington, DE | 2 | — | 4.0% | |
| 13 | GBankLas Vegas, NV | 1 | — | 2.0% | |
| 14 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 2.0% | |
| 15 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 16.0% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 8.0% | |
| 3 | Nonresidential Building ConstructionNAICS 2362 | 4 | 8.0% | |
| 4 | Other Personal ServicesNAICS 8129 | 3 | 6.0% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 3 | 6.0% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 3 | 6.0% | |
| 7 | Traveler AccommodationNAICS 7211 | 2 | 4.0% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.0% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 4.0% | |
| 10 | Personal Care ServicesNAICS 8121 | 2 | 4.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 11 | 22.0% | |
| 2 | Accommodation and Food Services | 10 | 20.0% | |
| 3 | Other Services (except Public Administration) | 10 | 20.0% | |
| 4 | Health Care and Social Assistance | 4 | 8.0% | |
| 5 | Retail Trade | 3 | 6.0% | |
| 6 | Transportation and Warehousing | 2 | 4.0% | |
| 7 | Arts, Entertainment, and Recreation | 2 | 4.0% | |
| 8 | Manufacturing | 2 | 4.0% |
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* | 15 | $4.3M | $109K | 0 | — | 15 | 119 |
| FY2025 | 14 | $10.4M | $343K | 0 | — | 14 | 99 |
| FY2024 | 13 | $4.0M | $50K | 1 | — | 14 | 130 |
| FY2023 | 9 | $6.7M | $389K | 0 | — | 9 | 136 |
| FY2022 | 6 | $8.0M | $726K | 0 | — | 6 | 69 |
| FY2021 | 6 | $9.8M | $803K | 1 | — | 7 | 137 |
| FY2020 | 5 | $903K | $150K | 1 | — | 6 | 16 |
| FY2019 | 5 | $1.2M | $180K | 0 | — | 5 | 54 |
| FY2018 | 7 | $3.7M | $130K | 2 | — | 9 | 109 |
| FY2017 | 7 | $1.2M | $150K | 0 | — | 7 | 53 |
| FY2016 | 3 | $559K | $237K | 1 | — | 4 | 55 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 31 approvals.
Against Maryland and the country
| FY2021–FY2025 | St. Mary's County | Maryland | United States |
|---|---|---|---|
| Approvals | 50 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 23.9 | 37.3 | 41.0 |
| Median 7(a) approval | $343K | $138K | $190K |
| Median 504 approval | — | $866K | $657K |
| Average approval | $871K | $433K | $573K |
| 504 share of approvals | 4.0% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 11.4 | 11.1 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less22.0%11
- $50,001 to $150,00014.0%7
- $150,001 to $350,00018.0%9
- $350,001 to $1 million26.0%13
- $1 million to $2 million6.0%3
- Over $2 million14.0%7
Age of the businesses
- Existing, more than 2 years old52.0%26
- New business, 2 years or less12.0%6
- Startup, loan funds will open the business30.0%15
- Change of ownership6.0%3
Questions and answers
Which lenders make the most SBA loans in St. Mary's County?
By approvals in FY2021 to FY2025: Shore United Bank, National Association (6), The Huntington National Bank (4), Newtek Bank, National Association (4), Truist Bank (3), SouthState Bank, National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in St. Mary's County?
The median 7(a) approval was $343K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in St. Mary's County?
Restaurants and Other Eating Places (8); Automotive Repair and Maintenance (4); Nonresidential Building Construction (4); Other Personal Services (3); Building Equipment Contractors (3).
Is SBA lending in St. Mary's County rising?
Approvals in the three latest complete fiscal years total 37, against 19 in the three before: rising (+95%).
How does St. Mary's County compare with the rest of Maryland?
23.9 approvals per 1,000 establishments against 37.3 statewide, and 50 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