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County11th of 24 in Maryland by approvalsFIPS 24043
SBA loans in Washington 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 111 loans to businesses in Washington County, Maryland, in FY2021 to FY2025, worth $56.0M: 107 under 7(a) and 4 under 504.
That is 32.5 approvals per 1,000 business establishments (3,417 establishments in 2023), close to the Maryland figure of 37.3 and below the national 41.0.
It ranks 11th of 24 Maryland counties with approvals. In FY2025 there were 44, up 110% on FY2024.
30 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (56), The Huntington National Bank (5) and Newtek Bank, National Association (5). The most common industry was automotive repair and maintenance.
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 Washington County
By number of approvals to businesses in the county, FY2021–FY2025; 30 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 56 | $4.2M | 50.5% | |
| 2 | The Huntington National BankColumbus, OH | 5 | $3.5M | 4.5% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 5 | $1.5M | 4.5% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $4.7M | 3.6% | |
| 5 | Bank Five NineOconomowoc, WI | 3 | $8.0M | 2.7% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $671K | 2.7% | |
| 7 | Northeast BankLewiston, ME | 3 | $292K | 2.7% | |
| 8 | Banc of CaliforniaLos Angeles, CA | 2 | — | 1.8% | |
| 9 | 504 Capital CorporationChesapeake, VA · CDC | 2 | — | 1.8% | |
| 10 | Bank of ClarkeBerryville, VA | 2 | — | 1.8% | |
| 11 | Business Finance Group, Inc.Fairfax, VA · CDC | 2 | — | 1.8% | |
| 12 | Truist BankCharlotte, NC | 2 | — | 1.8% | |
| 13 | Harvest Small Business Finance, LLCLaguna Hills, CA | 2 | — | 1.8% | |
| 14 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 1.8% | |
| 15 | Lendistry SBLC, LLCLos Angeles, CA | 2 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 7.2% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 6.3% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 5.4% | |
| 4 | General Freight TruckingNAICS 4841 | 5 | 4.5% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 4.5% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 5 | 4.5% | |
| 7 | Architectural and Structural Metals ManufacturingNAICS 3323 | 4 | 3.6% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 4 | 3.6% | |
| 9 | Automobile DealersNAICS 4411 | 4 | 3.6% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 4 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 18 | 16.2% | |
| 2 | Construction | 11 | 9.9% | |
| 3 | Manufacturing | 10 | 9.0% | |
| 4 | Transportation and Warehousing | 10 | 9.0% | |
| 5 | Professional, Scientific, and Technical Services | 10 | 9.0% | |
| 6 | Accommodation and Food Services | 8 | 7.2% | |
| 7 | Other Services (except Public Administration) | 8 | 7.2% | |
| 8 | Health Care and Social Assistance | 8 | 7.2% |
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* | 21 | $13.5M | $112K | 0 | — | 21 | 147 |
| FY2025 | 44 | $27.0M | $95K | 0 | — | 44 | 382 |
| FY2024 | 20 | $7.4M | $80K | 1 | — | 21 | 151 |
| FY2023 | 21 | $9.1M | $65K | 2 | — | 23 | 147 |
| FY2022 | 11 | $1.7M | $100K | 1 | — | 12 | 119 |
| FY2021 | 11 | $6.5M | $40K | 0 | — | 11 | 102 |
| FY2020 | 14 | $5.5M | $59K | 0 | — | 14 | 55 |
| FY2019 | 30 | $13.2M | $50K | 0 | — | 30 | 372 |
| FY2018 | 22 | $3.5M | $25K | 0 | — | 22 | 112 |
| FY2017 | 12 | $8.1M | $105K | 2 | — | 14 | 81 |
| FY2016 | 23 | $10.1M | $117K | 0 | — | 23 | 197 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 103 approvals.
Against Maryland and the country
| FY2021–FY2025 | Washington County | Maryland | United States |
|---|---|---|---|
| Approvals | 111 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 32.5 | 37.3 | 41.0 |
| Median 7(a) approval | $85K | $138K | $190K |
| Median 504 approval | $662K | $866K | $657K |
| Average approval | $504K | $433K | $573K |
| 504 share of approvals | 3.6% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 8.1 | 11.1 | 10.5 |
| Share of state approvals | 2.1% | 100.0% | — |
Approval sizes
- $50,000 or less41.4%46
- $50,001 to $150,00019.8%22
- $150,001 to $350,00014.4%16
- $350,001 to $1 million12.6%14
- $1 million to $2 million3.6%4
- Over $2 million8.1%9
Age of the businesses
- Existing, more than 2 years old51.4%57
- New business, 2 years or less25.2%28
- Startup, loan funds will open the business12.6%14
- Change of ownership10.8%12
Questions and answers
Which lenders make the most SBA loans in Washington County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (56), The Huntington National Bank (5), Newtek Bank, National Association (5), Readycap Lending, LLC (4), Bank Five Nine (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Washington County?
The median 7(a) approval was $85K and the median 504 approval $662K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Washington County?
Automotive Repair and Maintenance (8); Other Amusement and Recreation Industries (7); Restaurants and Other Eating Places (6); General Freight Trucking (5); Foundation, Structure, and Building Exterior Contractors (5).
Is SBA lending in Washington County rising?
Approvals in the three latest complete fiscal years total 88, against 37 in the three before: rising (+138%).
How does Washington County compare with the rest of Maryland?
32.5 approvals per 1,000 establishments against 37.3 statewide, and 111 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