FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Maryland, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 918 loans in Maryland: 891 under 7(a) and 27 under 504, worth $331M.
That is down 13% on FY2018, when there were 1,052 approvals worth $344M.
Maryland accounted for 1.6% of the 58,006 approvals nationwide that year. 84 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 400.
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 FY2019, of 84 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 400 | $51.5M | 43.6% | 420 | -20 |
| 2 | TD Bank, National Association | 7(a) | 47 | $2.3M | 5.1% | 90 | -43 |
| 3 | Wells Fargo Bank National Association | 7(a) | 45 | $9.2M | 4.9% | 48 | -3 |
| 4 | BayFirst National Bank | 7(a) | 30 | $8.8M | 3.3% | 19 | +11 |
| 5 | Truist Bank | 7(a) | 29 | $19.8M | 3.2% | 29 | 0 |
| 6 | PNC Bank, National Association | 7(a) | 28 | $2.5M | 3.1% | 33 | -5 |
| 7 | Fulton Bank, National Association | 7(a) | 25 | $27.8M | 2.7% | 12 | +13 |
| 8 | Business Finance Group, Inc. | 504 | 23 | $17.3M | 2.5% | 21 | +2 |
| 9 | Live Oak Banking Company | 7(a) | 21 | $32.3M | 2.3% | 15 | +6 |
| 10 | Newtek Small Business Finance, Inc. | 7(a) | 17 | $16.6M | 1.9% | 19 | -2 |
| 11 | Beacon Bank and Trust | 7(a) | 17 | $16.5M | 1.9% | 8 | +9 |
| 12 | Celtic Bank Corporation | 7(a) | 17 | $4.5M | 1.9% | 20 | -3 |
| 13 | Stearns Bank National Association | 7(a) | 16 | $4.4M | 1.7% | 11 | +5 |
| 14 | Independence Bank | 7(a) | 16 | $2.1M | 1.7% | 8 | +8 |
| 15 | Capital Bank, National Association | 7(a) | 12 | $4.6M | 1.3% | 15 | -3 |
| 16 | United Midwest Savings Bank National Association | 7(a) | 11 | $1.4M | 1.2% | 15 | -4 |
| 17 | Bank of America, National Association | 7(a) | 9 | $2.5M | 1.0% | 8 | +1 |
| 18 | Northeast Bank | 7(a) | 9 | $1.1M | 1.0% | 20 | -11 |
| 19 | Hanmi Bank | 7(a) | 8 | $4.7M | 0.9% | 10 | -2 |
| 20 | SouthState Bank, National Association | 7(a) | 7 | $6.0M | 0.8% | 2 | +5 |
| 21 | First Bank | 7(a) | 6 | $3.7M | 0.7% | 9 | -3 |
| 22 | The Huntington National Bank | 7(a) | 6 | $1.6M | 0.7% | 4 | +2 |
| 23 | ACNB Bank | 7(a) | 5 | $5.1M | 0.5% | 6 | -1 |
| 24 | HomeTrust Bank | 7(a) | 4 | $7.6M | 0.4% | 0 | new |
| 25 | Orrstown Bank | 7(a) | 4 | $3.5M | 0.4% | 8 | -4 |
| 26 | Farmers & Merchants Bank | 7(a) | 4 | $2.4M | 0.4% | 2 | +2 |
| 27 | PromiseOne Bank | 7(a) | 4 | $1.9M | 0.4% | 6 | -2 |
| 28 | Firstrust Savings Bank | 7(a) | 4 | $1.9M | 0.4% | 5 | -1 |
| 29 | Shore United Bank, National Association | 7(a) | 4 | $910K | 0.4% | 1 | +3 |
| 30 | Seacoast National Bank | 7(a) | 4 | $750K | 0.4% | 5 | -1 |
| 31 | Citibank, N.A. | 7(a) | 4 | $94K | 0.4% | 0 | new |
| 32 | MainStreet Bank | 7(a) | 3 | $4.5M | 0.3% | 0 | new |
| 33 | United Community Bank | 7(a) | 3 | $1.7M | 0.3% | 2 | +1 |
| 34 | EagleBank | 7(a) | 3 | $1.2M | 0.3% | 14 | -11 |
| 35 | PCB Bank | 7(a) | 3 | $1.1M | 0.3% | 5 | -2 |
| 36 | Atlantic Union Bank | 7(a) | 3 | $1.0M | 0.3% | 13 | -10 |
| 37 | Prince George's Financial Services Corporation | 7(a) | 3 | $750K | 0.3% | 4 | -1 |
| 38 | Byline Bank | 7(a) | 2 | — | 0.2% | 2 | 0 |
| 39 | Metro City Bank | 7(a) | 2 | — | 0.2% | 1 | +1 |
| 40 | Chesapeake Business Finance Corporation | 504 | 2 | — | 0.2% | 4 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Montgomery County | 146 | $52.6M | 15.9% | 184 | -38 |
| 2 | Baltimore County | 142 | $58.7M | 15.5% | 127 | +15 |
| 3 | Prince George's County | 130 | $58.4M | 14.2% | 163 | -33 |
| 4 | Baltimore city | 103 | $26.6M | 11.2% | 110 | -7 |
| 5 | Anne Arundel County | 94 | $36.8M | 10.2% | 113 | -19 |
| 6 | Harford County | 59 | $14.4M | 6.4% | 52 | +7 |
| 7 | Howard County | 51 | $19.8M | 5.6% | 96 | -45 |
| 8 | Frederick County | 40 | $11.0M | 4.4% | 54 | -14 |
| 9 | Carroll County | 31 | $7.0M | 3.4% | 29 | +2 |
| 10 | Washington County | 30 | $13.2M | 3.3% | 22 | +8 |
| 11 | Charles County | 22 | $5.2M | 2.4% | 18 | +4 |
| 12 | Calvert County | 17 | $4.1M | 1.9% | 18 | -1 |
| 13 | Cecil County | 9 | $8.8M | 1.0% | 10 | -1 |
| 14 | Queen Anne's County | 7 | $3.4M | 0.8% | 8 | -1 |
| 15 | Worcester County | 7 | $465K | 0.8% | 7 | 0 |
| 16 | Wicomico County | 6 | $1.2M | 0.7% | 10 | -4 |
| 17 | Caroline County | 6 | $403K | 0.7% | 1 | +5 |
| 18 | Talbot County | 6 | $4.8M | 0.7% | 11 | -5 |
| 19 | St. Mary's County | 5 | $1.2M | 0.5% | 9 | -4 |
| 20 | Garrett County | 3 | $561K | 0.3% | 2 | +1 |
| 21 | Allegany County | 3 | $1.9M | 0.3% | 4 | -1 |
| 22 | Dorchester County | 1 | — | 0.1% | 3 | -2 |
FY2019 against FY2018
| Maryland | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 891 | 1,026 |
| 7(a) dollars | $310M | $321M |
| Median 7(a) approval | $100K | $100K |
| 504 approvals | 27 | 26 |
| 504 dollars | $20.8M | $23.6M |
| Jobs supported, as reported | 10,552 | 10,451 |
Questions and answers
Which lenders made the most SBA loans in Maryland in FY2019?
Manufacturers and Traders Trust Company (400), TD Bank, National Association (47), Wells Fargo Bank National Association (45), BayFirst National Bank (30), Truist Bank (29). 84 lenders had at least one approval.
How many SBA loans were approved in Maryland in FY2019?
918: 891 under 7(a) worth $310M and 27 under 504 worth $20.8M.
Which Maryland counties had the most SBA approvals in FY2019?
Montgomery County (146), Baltimore County (142), Prince George's County (130), Baltimore city (103), Anne Arundel County (94).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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