FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Maryland, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 663 loans in Maryland: 624 under 7(a) and 39 under 504, worth $286M.
That is down 28% on FY2019, when there were 918 approvals worth $331M.
Maryland accounted for 1.3% of the 49,417 approvals nationwide that year. 78 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 297.
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 FY2020, of 78 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Montgomery County | 105 | $47.0M | 15.8% | 146 | -41 |
| 2 | Baltimore County | 104 | $36.3M | 15.7% | 142 | -38 |
| 3 | Prince George's County | 89 | $35.8M | 13.4% | 130 | -41 |
| 4 | Anne Arundel County | 76 | $40.4M | 11.5% | 94 | -18 |
| 5 | Baltimore city | 72 | $27.3M | 10.9% | 103 | -31 |
| 6 | Howard County | 63 | $31.4M | 9.5% | 51 | +12 |
| 7 | Frederick County | 29 | $10.5M | 4.4% | 40 | -11 |
| 8 | Harford County | 28 | $14.8M | 4.2% | 59 | -31 |
| 9 | Carroll County | 27 | $11.7M | 4.1% | 31 | -4 |
| 10 | Washington County | 14 | $5.5M | 2.1% | 30 | -16 |
| 11 | Calvert County | 8 | $1.9M | 1.2% | 17 | -9 |
| 12 | Charles County | 6 | $2.9M | 0.9% | 22 | -16 |
| 13 | Garrett County | 6 | $357K | 0.9% | 3 | +3 |
| 14 | Allegany County | 6 | $3.7M | 0.9% | 3 | +3 |
| 15 | St. Mary's County | 6 | $1.3M | 0.9% | 5 | +1 |
| 16 | Cecil County | 5 | $4.1M | 0.8% | 9 | -4 |
| 17 | Wicomico County | 5 | $4.6M | 0.8% | 6 | -1 |
| 18 | Queen Anne's County | 5 | $3.4M | 0.8% | 7 | -2 |
| 19 | Worcester County | 5 | $2.9M | 0.8% | 7 | -2 |
| 20 | Caroline County | 2 | — | 0.3% | 6 | -4 |
| 21 | Talbot County | 2 | — | 0.3% | 6 | -4 |
FY2020 against FY2019
| Maryland | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 624 | 891 |
| 7(a) dollars | $240M | $310M |
| Median 7(a) approval | $100K | $100K |
| 504 approvals | 39 | 27 |
| 504 dollars | $46.4M | $20.8M |
| Jobs supported, as reported | 7,843 | 10,552 |
Questions and answers
Which lenders made the most SBA loans in Maryland in FY2020?
Manufacturers and Traders Trust Company (297), Business Finance Group, Inc. (30), Wells Fargo Bank National Association (22), PNC Bank, National Association (20), Fulton Bank, National Association (19). 78 lenders had at least one approval.
How many SBA loans were approved in Maryland in FY2020?
663: 624 under 7(a) worth $240M and 39 under 504 worth $46.4M.
Which Maryland counties had the most SBA approvals in FY2020?
Montgomery County (105), Baltimore County (104), Prince George's County (89), Anne Arundel County (76), Baltimore city (72).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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