SBA loans in Maryland, FY2018

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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 1,052 loans in Maryland: 1,026 under 7(a) and 26 under 504, worth $344M.

That is up 22% on FY2017, when there were 860 approvals worth $346M.

Maryland accounted for 1.6% of the 66,228 approvals nationwide that year. 82 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 420.

1,052approvalsFY2017: 860

$344Mdollars approvedFY2017: $346M

$100Kmedian 7(a) approvalFY2017: $150K

82lenders with an approval

10,451jobs supported, as reported

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 FY2018, of 82 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2017	Change
1	Manufacturers and Traders Trust Company	7(a)	420	$51.1M	39.9%	305	+115
2	TD Bank, National Association	7(a)	90	$6.8M	8.6%	53	+37
3	Wells Fargo Bank National Association	7(a)	48	$15.2M	4.6%	53	-5
4	First National Bank of Pennsylvania	7(a)	37	$20.6M	3.5%	26	+11
5	PNC Bank, National Association	7(a)	33	$7.5M	3.1%	34	-1
6	Truist Bank	7(a)	29	$12.4M	2.8%	33	-4
7	Business Finance Group, Inc.	504	21	$20.5M	2.0%	18	+3
8	Celtic Bank Corporation	7(a)	20	$2.4M	1.9%	21	-1
9	Northeast Bank	7(a)	20	$2.3M	1.9%	8	+12
10	Newtek Small Business Finance, Inc.	7(a)	19	$6.1M	1.8%	6	+13
11	BayFirst National Bank	7(a)	19	$4.3M	1.8%	21	-2
12	Live Oak Banking Company	7(a)	15	$15.2M	1.4%	19	-4
13	Capital Bank, National Association	7(a)	15	$3.9M	1.4%	11	+4
14	United Midwest Savings Bank National Association	7(a)	15	$2.0M	1.4%	2	+13
15	EagleBank	7(a)	14	$5.2M	1.3%	17	-3
16	Atlantic Union Bank	7(a)	13	$6.7M	1.2%	25	-12
17	Fulton Bank, National Association	7(a)	12	$22.5M	1.1%	16	-4
18	Capital One National Association	7(a)	11	$4.3M	1.0%	7	+4
19	Stearns Bank National Association	7(a)	11	$2.3M	1.0%	17	-6
20	Hanmi Bank	7(a)	10	$8.8M	1.0%	7	+3
21	First Bank	7(a)	9	$10.8M	0.9%	1	+8
22	Orrstown Bank	7(a)	8	$10.2M	0.8%	5	+3
23	Beacon Bank and Trust	7(a)	8	$5.7M	0.8%	10	-2
24	Wilmington Savings Fund Society FSB	7(a)	8	$5.4M	0.8%	5	+3
25	Bank of America, National Association	7(a)	8	$2.6M	0.8%	5	+3
26	Independence Bank	7(a)	8	$900K	0.8%	19	-11
27	Readycap Lending, LLC	7(a)	7	$5.4M	0.7%	1	+6
28	ACNB Bank	7(a)	6	$6.6M	0.6%	8	-2
29	PromiseOne Bank	7(a)	6	$4.1M	0.6%	0	new
30	First Financial Bank	7(a)	5	$4.3M	0.5%	7	-2
31	Firstrust Savings Bank	7(a)	5	$3.0M	0.5%	0	new
32	PCB Bank	7(a)	5	$1.5M	0.5%	11	-6
33	Five Star Bank	7(a)	5	$1.4M	0.5%	1	+4
34	Seacoast National Bank	7(a)	5	$976K	0.5%	0	new
35	Chesapeake Business Finance Corporation	504	4	$2.7M	0.4%	9	-5
36	The Bank of Glen Burnie	7(a)	4	$2.0M	0.4%	2	+2
37	The Huntington National Bank	7(a)	4	$1.9M	0.4%	0	new
38	The Harbor Bank of Maryland	7(a)	4	$1.7M	0.4%	0	new
39	Ameris Bank	7(a)	4	$1.4M	0.4%	2	+2
40	Prince George's Financial Services Corporation	7(a)	4	$650K	0.4%	4	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2017	Change
1	Montgomery County	184	$61.8M	17.5%	159	+25
2	Prince George's County	163	$47.0M	15.5%	89	+74
3	Baltimore County	127	$37.7M	12.1%	131	-4
4	Anne Arundel County	113	$46.7M	10.7%	95	+18
5	Baltimore city	110	$30.7M	10.5%	85	+25
6	Howard County	96	$30.7M	9.1%	80	+16
7	Frederick County	54	$28.8M	5.1%	39	+15
8	Harford County	52	$27.0M	4.9%	41	+11
9	Carroll County	29	$5.4M	2.8%	37	-8
10	Washington County	22	$3.5M	2.1%	14	+8
11	Charles County	18	$6.3M	1.7%	14	+4
12	Calvert County	18	$3.3M	1.7%	10	+8
13	Talbot County	11	$1.1M	1.0%	6	+5
14	Cecil County	10	$1.1M	1.0%	8	+2
15	Wicomico County	10	$2.6M	1.0%	11	-1
16	St. Mary's County	9	$4.6M	0.9%	7	+2
17	Queen Anne's County	8	$1.5M	0.8%	13	-5
18	Worcester County	7	$1.2M	0.7%	3	+4
19	Allegany County	4	$294K	0.4%	2	+2
20	Dorchester County	3	$1.5M	0.3%	3	0
21	Garrett County	2	—	0.2%	3	-1
22	Caroline County	1	—	0.1%	3	-2
23	Kent County	1	—	0.1%	2	-1

FY2018 against FY2017

Maryland	FY2018	FY2017
7(a) approvals	1,026	832
7(a) dollars	$321M	$305M
Median 7(a) approval	$100K	$150K
504 approvals	26	28
504 dollars	$23.6M	$41.1M
Jobs supported, as reported	10,451	9,085

Questions and answers

Which lenders made the most SBA loans in Maryland in FY2018?

Manufacturers and Traders Trust Company (420), TD Bank, National Association (90), Wells Fargo Bank National Association (48), First National Bank of Pennsylvania (37), PNC Bank, National Association (33). 82 lenders had at least one approval.

How many SBA loans were approved in Maryland in FY2018?

1,052: 1,026 under 7(a) worth $321M and 26 under 504 worth $23.6M.

Which Maryland counties had the most SBA approvals in FY2018?

Montgomery County (184), Prince George's County (163), Baltimore County (127), Anne Arundel County (113), Baltimore city (110).

When does FY2018 start and end?

The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.

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