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County13th of 24 in Maryland by approvalsFIPS 24045
SBA loans in Wicomico 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 58 loans to businesses in Wicomico County, Maryland, in FY2021 to FY2025, worth $19.1M: 57 under 7(a) and 1 under 504.
That is 23.2 approvals per 1,000 business establishments (2,495 establishments in 2023), below the Maryland figure of 37.3 and below the national 41.0.
It ranks 13th of 24 Maryland counties with approvals. In FY2025 there were 25, up 67% on FY2024.
19 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (26), Hebron Savings Bank (5) and Live Oak Banking Company (3). The most common industry was general freight trucking.
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 Wicomico County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 26 | $2.7M | 44.8% | |
| 2 | Hebron Savings BankHebron, MD | 5 | $640K | 8.6% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 3 | $5.5M | 5.2% | |
| 4 | Northeast BankLewiston, ME | 3 | $650K | 5.2% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 3 | $362K | 5.2% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 2 | — | 3.4% | |
| 7 | Bank of America, National AssociationCharlotte, NC | 2 | — | 3.4% | |
| 8 | SouthState Bank, National AssociationWinter Haven, FL | 2 | — | 3.4% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 3.4% | |
| 10 | GBankLas Vegas, NV | 1 | — | 1.7% | |
| 11 | Business Finance Group, Inc.Fairfax, VA · CDC | 1 | — | 1.7% | |
| 12 | First Business BankMadison, WI | 1 | — | 1.7% | |
| 13 | First Financial BankEl Dorado, AR | 1 | — | 1.7% | |
| 14 | ConnectOne BankEnglewood Cliffs, NJ | 1 | — | 1.7% | |
| 15 | The Huntington National BankColumbus, OH | 1 | — | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 7 | 12.1% | |
| 2 | Offices of PhysiciansNAICS 6211 | 5 | 8.6% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 4 | 6.9% | |
| 4 | Remediation and Other Waste Management ServicesNAICS 5629 | 3 | 5.2% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 5.2% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 3 | 5.2% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 3 | 5.2% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 5.2% | |
| 9 | Poultry and Egg ProductionNAICS 1123 | 2 | 3.4% | |
| 10 | Investigation and Security ServicesNAICS 5616 | 2 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Administrative and Support and Waste Management and Remediation Services | 10 | 17.2% | |
| 2 | Health Care and Social Assistance | 9 | 15.5% | |
| 3 | Transportation and Warehousing | 8 | 13.8% | |
| 4 | Construction | 6 | 10.3% | |
| 5 | Retail Trade | 5 | 8.6% | |
| 6 | Professional, Scientific, and Technical Services | 5 | 8.6% | |
| 7 | Finance and Insurance | 4 | 6.9% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 3 | 5.2% |
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* | 10 | $1.8M | $125K | 0 | — | 10 | 114 |
| FY2025 | 25 | $9.0M | $143K | 0 | — | 25 | 293 |
| FY2024 | 15 | $2.6M | $100K | 0 | — | 15 | 103 |
| FY2023 | 9 | $2.1M | $150K | 0 | — | 9 | 64 |
| FY2022 | 6 | $699K | $55K | 1 | — | 7 | 17 |
| FY2021 | 2 | — | — | 0 | — | 2 | 9 |
| FY2020 | 5 | $4.6M | $50K | 0 | — | 5 | 53 |
| FY2019 | 6 | $1.2M | $100K | 0 | — | 6 | 24 |
| FY2018 | 10 | $2.6M | $45K | 0 | — | 10 | 44 |
| FY2017 | 11 | $11.3M | $350K | 0 | — | 11 | 90 |
| FY2016 | 14 | $11.5M | $200K | 0 | — | 14 | 149 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 46 approvals.
Against Maryland and the country
| FY2021–FY2025 | Wicomico County | Maryland | United States |
|---|---|---|---|
| Approvals | 58 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 23.2 | 37.3 | 41.0 |
| Median 7(a) approval | $100K | $138K | $190K |
| Median 504 approval | — | $866K | $657K |
| Average approval | $330K | $433K | $573K |
| 504 share of approvals | 1.7% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 11.1 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less32.8%19
- $50,001 to $150,00027.6%16
- $150,001 to $350,00015.5%9
- $350,001 to $1 million19.0%11
- $1 million to $2 million1.7%1
- Over $2 million3.4%2
Age of the businesses
- Existing, more than 2 years old60.3%35
- New business, 2 years or less24.1%14
- Startup, loan funds will open the business12.1%7
- Change of ownership3.4%2
Questions and answers
Which lenders make the most SBA loans in Wicomico County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (26), Hebron Savings Bank (5), Live Oak Banking Company (3), Northeast Bank (3), BayFirst National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Wicomico County?
The median 7(a) approval was $100K; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Wicomico County?
General Freight Trucking (7); Offices of Physicians (5); Services to Buildings and Dwellings (4); Remediation and Other Waste Management Services (3); Automotive Repair and Maintenance (3).
Is SBA lending in Wicomico County rising?
Approvals in the three latest complete fiscal years total 49, against 14 in the three before: rising (+250%).
How does Wicomico County compare with the rest of Maryland?
23.2 approvals per 1,000 establishments against 37.3 statewide, and 58 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