FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Maryland, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 895 loans in Maryland: 859 under 7(a) and 36 under 504, worth $312M.
That is about level with FY2015, when there were 894 approvals worth $326M.
Maryland accounted for 1.3% of the 70,012 approvals nationwide that year. 75 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 375.
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.
Approvals by lender
The 40 lenders with the most approvals to Maryland businesses in FY2016, of 75 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 375 | $51.5M | 41.9% | 327 | +48 |
| 2 | Wells Fargo Bank National Association | 7(a) | 116 | $20.0M | 13.0% | 106 | +10 |
| 3 | Truist Bank | 7(a) | 45 | $23.3M | 5.0% | 68 | -23 |
| 4 | Business Finance Group, Inc. | 504 | 25 | $20.9M | 2.8% | 30 | -5 |
| 5 | Celtic Bank Corporation | 7(a) | 23 | $3.8M | 2.6% | 31 | -8 |
| 6 | Atlantic Union Bank | 7(a) | 21 | $5.2M | 2.3% | 26 | -5 |
| 7 | PNC Bank, National Association | 7(a) | 21 | $2.6M | 2.3% | 18 | +3 |
| 8 | Fulton Bank, National Association | 7(a) | 18 | $14.5M | 2.0% | 21 | -3 |
| 9 | TD Bank, National Association | 7(a) | 17 | $674K | 1.9% | 10 | +7 |
| 10 | Capital One National Association | 7(a) | 15 | $7.2M | 1.7% | 22 | -7 |
| 11 | Live Oak Banking Company | 7(a) | 14 | $22.0M | 1.6% | 15 | -1 |
| 12 | EagleBank | 7(a) | 14 | $7.3M | 1.6% | 14 | 0 |
| 13 | First National Bank of Pennsylvania | 7(a) | 14 | $7.0M | 1.6% | 21 | -7 |
| 14 | Hanmi Bank | 7(a) | 12 | $7.6M | 1.3% | 7 | +5 |
| 15 | Chesapeake Business Finance Corporation | 504 | 11 | $18.0M | 1.2% | 9 | +2 |
| 16 | BayFirst National Bank | 7(a) | 11 | $2.2M | 1.2% | 1 | +10 |
| 17 | Stearns Bank National Association | 7(a) | 11 | $2.0M | 1.2% | 14 | -3 |
| 18 | Beacon Bank and Trust | 7(a) | 7 | $6.1M | 0.8% | 6 | +1 |
| 19 | PCB Bank | 7(a) | 7 | $3.7M | 0.8% | 10 | -3 |
| 20 | Independence Bank | 7(a) | 7 | $980K | 0.8% | 0 | new |
| 21 | Bank Five Nine | 7(a) | 6 | $5.8M | 0.7% | 3 | +3 |
| 22 | WesBanco Bank, Inc. | 7(a) | 6 | $2.9M | 0.7% | 2 | +4 |
| 23 | Capital Bank, National Association | 7(a) | 6 | $2.1M | 0.7% | 16 | -10 |
| 24 | Newtek Small Business Finance, Inc. | 7(a) | 6 | $1.5M | 0.7% | 6 | 0 |
| 25 | Bank of Hope | 7(a) | 6 | $1.1M | 0.7% | 0 | new |
| 26 | First Financial Bank | 7(a) | 5 | $6.0M | 0.6% | 2 | +3 |
| 27 | Evolve Bank and Trust | 7(a) | 4 | $1.5M | 0.4% | 0 | new |
| 28 | Readycap Lending, LLC | 7(a) | 3 | $7.1M | 0.3% | 0 | new |
| 29 | The Bank of Glen Burnie | 7(a) | 3 | $2.6M | 0.3% | 3 | 0 |
| 30 | ACNB Bank | 7(a) | 3 | $1.1M | 0.3% | 8 | -5 |
| 31 | Citibank, N.A. | 7(a) | 3 | $95K | 0.3% | 6 | -3 |
| 32 | BankUnited, National Association | 7(a) | 2 | — | 0.2% | 3 | -1 |
| 33 | PromiseOne Bank | 7(a) | 2 | — | 0.2% | 1 | +1 |
| 34 | Columbia Bank | 7(a) | 2 | — | 0.2% | 1 | +1 |
| 35 | Primis Bank | 7(a) | 2 | — | 0.2% | 4 | -2 |
| 36 | Mid-Atlantic Federal Credit Union | 7(a) | 2 | — | 0.2% | 1 | +1 |
| 37 | The Bancorp Bank National Association | 7(a) | 2 | — | 0.2% | 4 | -2 |
| 38 | Woori America Bank | 7(a) | 2 | — | 0.2% | 3 | -1 |
| 39 | Industrial Bank | 7(a) | 2 | — | 0.2% | 4 | -2 |
| 40 | Citizens Bank | 7(a) | 2 | — | 0.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Montgomery County | 149 | $38.3M | 16.6% | 155 | -6 |
| 2 | Baltimore County | 136 | $49.8M | 15.2% | 123 | +13 |
| 3 | Anne Arundel County | 100 | $36.5M | 11.2% | 121 | -21 |
| 4 | Baltimore city | 97 | $23.2M | 10.8% | 86 | +11 |
| 5 | Prince George's County | 88 | $42.6M | 9.8% | 110 | -22 |
| 6 | Howard County | 78 | $23.8M | 8.7% | 77 | +1 |
| 7 | Frederick County | 57 | $16.4M | 6.4% | 58 | -1 |
| 8 | Harford County | 38 | $13.6M | 4.2% | 41 | -3 |
| 9 | Carroll County | 31 | $8.2M | 3.5% | 42 | -11 |
| 10 | Washington County | 23 | $10.1M | 2.6% | 12 | +11 |
| 11 | Wicomico County | 14 | $11.5M | 1.6% | 3 | +11 |
| 12 | Charles County | 13 | $7.6M | 1.5% | 15 | -2 |
| 13 | Calvert County | 11 | $4.2M | 1.2% | 6 | +5 |
| 14 | Allegany County | 9 | $520K | 1.0% | 3 | +6 |
| 15 | Queen Anne's County | 9 | $2.0M | 1.0% | 5 | +4 |
| 16 | Worcester County | 9 | $14.5M | 1.0% | 7 | +2 |
| 17 | Garrett County | 8 | $2.5M | 0.9% | 5 | +3 |
| 18 | Talbot County | 6 | $2.4M | 0.7% | 2 | +4 |
| 19 | Dorchester County | 5 | $579K | 0.6% | 1 | +4 |
| 20 | Cecil County | 5 | $235K | 0.6% | 4 | +1 |
| 21 | St. Mary's County | 4 | $890K | 0.4% | 14 | -10 |
| 22 | Kent County | 3 | $2.8M | 0.3% | 0 | new |
| 23 | Caroline County | 2 | — | 0.2% | 3 | -1 |
FY2016 against FY2015
| Maryland | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 859 | 854 |
| 7(a) dollars | $273M | $297M |
| Median 7(a) approval | $100K | $146K |
| 504 approvals | 36 | 40 |
| 504 dollars | $38.9M | $29.3M |
| Jobs supported, as reported | 9,687 | 13,183 |
Questions and answers
Which lenders made the most SBA loans in Maryland in FY2016?
Manufacturers and Traders Trust Company (375), Wells Fargo Bank National Association (116), Truist Bank (45), Business Finance Group, Inc. (25), Celtic Bank Corporation (23). 75 lenders had at least one approval.
How many SBA loans were approved in Maryland in FY2016?
895: 859 under 7(a) worth $273M and 36 under 504 worth $38.9M.
Which Maryland counties had the most SBA approvals in FY2016?
Montgomery County (149), Baltimore County (136), Anne Arundel County (100), Baltimore city (97), Prince George's County (88).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error