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County15th of 24 in Maryland by approvalsFIPS 24047
SBA loans in Worcester 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 Worcester County, Maryland, in FY2021 to FY2025, worth $27.1M: 53 under 7(a) and 5 under 504.
That is 25.7 approvals per 1,000 business establishments (2,256 establishments in 2023), below the Maryland figure of 37.3 and below the national 41.0.
It ranks 15th of 24 Maryland counties with approvals. In FY2025 there were 16, up 60% on FY2024.
22 lenders had approvals here; the most active were Manufacturers and Traders Trust Company (20), Wilmington Savings Fund Society FSB (4) and Chesapeake Business Finance Corporation (3). 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 Worcester County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust CompanyBuffalo, NY | 20 | $5.4M | 34.5% | |
| 2 | Wilmington Savings Fund Society FSBWilmington, DE | 4 | $2.4M | 6.9% | |
| 3 | Chesapeake Business Finance CorporationBethesda, MD · CDC | 3 | $6.2M | 5.2% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $1.9M | 5.2% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 3 | $471K | 5.2% | |
| 6 | First Financial BankEl Dorado, AR | 2 | — | 3.4% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 3.4% | |
| 8 | Business Finance Group, Inc.Fairfax, VA · CDC | 2 | — | 3.4% | |
| 9 | National Institutes of Health Federal Credit UnionRockville, MD | 2 | — | 3.4% | |
| 10 | MainStreet BankFairfax, VA | 2 | — | 3.4% | |
| 11 | SouthState Bank, National AssociationWinter Haven, FL | 2 | — | 3.4% | |
| 12 | Northeast BankLewiston, ME | 2 | — | 3.4% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 3.4% | |
| 14 | EagleBankBethesda, MD | 1 | — | 1.7% | |
| 15 | The Huntington National BankColumbus, OH | 1 | — | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 19.0% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 6.9% | |
| 3 | General Freight TruckingNAICS 4841 | 4 | 6.9% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | 5.2% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 3 | 5.2% | |
| 6 | Specialty Food StoresNAICS 4452 | 3 | 5.2% | |
| 7 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 5.2% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 3 | 5.2% | |
| 9 | Poultry and Egg ProductionNAICS 1123 | 2 | 3.4% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 2 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 15 | 25.9% | |
| 2 | Health Care and Social Assistance | 8 | 13.8% | |
| 3 | Retail Trade | 7 | 12.1% | |
| 4 | Transportation and Warehousing | 6 | 10.3% | |
| 5 | Other Services (except Public Administration) | 5 | 8.6% | |
| 6 | Agriculture, Forestry, Fishing and Hunting | 4 | 6.9% | |
| 7 | Arts, Entertainment, and Recreation | 4 | 6.9% | |
| 8 | Construction | 4 | 6.9% |
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* | 7 | $1.8M | $25K | 1 | — | 8 | 33 |
| FY2025 | 14 | $4.9M | $126K | 2 | — | 16 | 135 |
| FY2024 | 10 | $1.6M | $93K | 0 | — | 10 | 58 |
| FY2023 | 7 | $1.0M | $41K | 0 | — | 7 | 29 |
| FY2022 | 7 | $3.6M | $126K | 0 | — | 7 | 46 |
| FY2021 | 15 | $8.5M | $200K | 3 | $6.2M | 18 | 232 |
| FY2020 | 5 | $2.9M | $600K | 0 | — | 5 | 40 |
| FY2019 | 7 | $465K | $50K | 0 | — | 7 | 11 |
| FY2018 | 7 | $1.2M | $235K | 0 | — | 7 | 53 |
| FY2017 | 3 | $2.2M | $350K | 0 | — | 3 | 6 |
| FY2016 | 8 | $9.0M | $70K | 1 | — | 9 | 26 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 31 approvals.
Against Maryland and the country
| FY2021–FY2025 | Worcester County | Maryland | United States |
|---|---|---|---|
| Approvals | 58 | 5,330 | 342,825 |
| Approvals per 1,000 establishments | 25.7 | 37.3 | 41.0 |
| Median 7(a) approval | $126K | $138K | $190K |
| Median 504 approval | $1.6M | $866K | $657K |
| Average approval | $467K | $433K | $573K |
| 504 share of approvals | 8.6% | 4.0% | 11.0% |
| Jobs supported per approval, as reported | 8.6 | 11.1 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less34.5%20
- $50,001 to $150,00017.2%10
- $150,001 to $350,00022.4%13
- $350,001 to $1 million10.3%6
- $1 million to $2 million8.6%5
- Over $2 million6.9%4
Age of the businesses
- Existing, more than 2 years old60.3%35
- New business, 2 years or less17.2%10
- Startup, loan funds will open the business10.3%6
- Change of ownership12.1%7
Questions and answers
Which lenders make the most SBA loans in Worcester County?
By approvals in FY2021 to FY2025: Manufacturers and Traders Trust Company (20), Wilmington Savings Fund Society FSB (4), Chesapeake Business Finance Corporation (3), Readycap Lending, LLC (3), BayFirst National Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Worcester County?
The median 7(a) approval was $126K and the median 504 approval $1.6M; the Maryland 7(a) median was $138K.
Which industries get the most SBA loans in Worcester County?
Restaurants and Other Eating Places (11); Other Amusement and Recreation Industries (4); General Freight Trucking (4); Traveler Accommodation (3); Offices of Other Health Practitioners (3).
Is SBA lending in Worcester County rising?
Approvals in the three latest complete fiscal years total 33, against 30 in the three before: rising (+10%).
How does Worcester County compare with the rest of Maryland?
25.7 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