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County20th of 24 in Maryland by approvalsFIPS 24041
SBA loans in Talbot 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 38 loans to businesses in Talbot County, Maryland, in FY2021 to FY2025, worth $23.0M: 36 under 7(a) and 2 under 504.
That is 25.9 approvals per 1,000 business establishments (1,468 establishments in 2023), below the Maryland figure of 37.3 and below the national 41.0.
It ranks 20th of 24 Maryland counties with approvals. In FY2025 there were 16.
13 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (23), First Internet Bank of Indiana (2) and Byline Bank (2). The most common industry was other specialty trade contractors.
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 Talbot County
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 23 | $4.2M | 60.5% | |
| 2 | First Internet Bank of IndianaFishers, IN | 2 | — | 5.3% | |
| 3 | Byline BankChicago, IL | 2 | — | 5.3% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.3% | |
| 5 | First Western SBLC, LLCDallas, TX | 1 | — | 2.6% | |
| 6 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 2.6% | |
| 7 | 504 Capital CorporationChesapeake, VA · CDC | 1 | — | 2.6% | |
| 8 | Capital Bank, National AssociationRockville, MD | 1 | — | 2.6% | |
| 9 | Business Finance Group, Inc.Fairfax, VA · CDC | 1 | — | 2.6% | |
| 10 | Shore United Bank, National AssociationEaston, MD | 1 | — | 2.6% | |
| 11 | Heritage Bank IncBurlington, KY | 1 | — | 2.6% | |
| 12 | EagleBankBethesda, MD | 1 | — | 2.6% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 10.5% | |
| 2 | Grocery StoresNAICS 4451 | 3 | 7.9% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 7.9% | |
| 4 | Specialized Freight TruckingNAICS 4842 | 3 | 7.9% | |
| 5 | Personal Care ServicesNAICS 8121 | 3 | 7.9% | |
| 6 | Traveler AccommodationNAICS 7211 | 2 | 5.3% | |
| 7 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 5.3% | |
| 8 | Health and Personal Care RetailersNAICS 4561 | 2 | 5.3% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 2 | 5.3% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 8 | 21.1% | |
| 2 | Other Services (except Public Administration) | 6 | 15.8% | |
| 3 | Accommodation and Food Services | 5 | 13.2% | |
| 4 | Health Care and Social Assistance | 4 | 10.5% | |
| 5 | Construction | 4 | 10.5% | |
| 6 | Transportation and Warehousing | 3 | 7.9% | |
| 7 | Wholesale Trade | 2 | 5.3% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 5.3% |
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* | 6 | $2.7M | $58K | 0 | — | 6 | 22 |
| FY2025 | 16 | $8.7M | $78K | 0 | — | 16 | 190 |
| FY2024 | 7 | $3.5M | $100K | 1 | — | 8 | 78 |
| FY2023 | 6 | $862K | $80K | 0 | — | 6 | 33 |
| FY2022 | 3 | $148K | $20K | 1 | — | 4 | 11 |
| FY2021 | 4 | $7.0M | $1.5M | 0 | — | 4 | 34 |
| FY2020 | 2 | — | — | 0 | — | 2 | 5 |
| FY2019 | 6 | $4.8M | $100K | 0 | — | 6 | 83 |
| FY2018 | 11 | $1.1M | $75K | 0 | — | 11 | 36 |
| FY2017 | 6 | $3.6M | $58K | 0 | — | 6 | 51 |
| FY2016 | 6 | $2.4M | $150K | 0 | — | 6 | 368 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 31 approvals.
Against Maryland and the country
| FY2021–FY2025 | Talbot County | Maryland | United States |
|---|---|---|---|
| Approvals | 38 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 25.9 | 37.3 | 41.0 |
| Median 7(a) approval | $93K | $138K | $190K |
| Median 504 approval | — | $866K | $657K |
| Average approval | $605K | $433K | $573K |
| 504 share of approvals | 5.3% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 9.1 | 11.1 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less36.8%14
- $50,001 to $150,00018.4%7
- $150,001 to $350,00018.4%7
- $350,001 to $1 million5.3%2
- $1 million to $2 million10.5%4
- Over $2 million10.5%4
Age of the businesses
- Existing, more than 2 years old39.5%15
- New business, 2 years or less13.2%5
- Startup, loan funds will open the business31.6%12
- Change of ownership15.8%6
Questions and answers
Which lenders make the most SBA loans in Talbot County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (23), First Internet Bank of Indiana (2), Byline Bank (2), Live Oak Banking Company (2), First Western SBLC, LLC (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Talbot County?
The median 7(a) approval was $93K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Talbot County?
Other Specialty Trade Contractors (4); Grocery Stores (3); Restaurants and Other Eating Places (3); Specialized Freight Trucking (3); Personal Care Services (3).
Is SBA lending in Talbot County rising?
Approvals in the three latest complete fiscal years total 30, against 10 in the three before: rising (+200%).
How does Talbot County compare with the rest of Maryland?
25.9 approvals per 1,000 establishments against 37.3 statewide, and 38 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