SBA Ledger

States › Maryland › FY2021

FY20211 Oct 2020 – 30 Sep 2021

SBA loans in Maryland, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 759 loans in Maryland: 699 under 7(a) and 60 under 504, worth $452M.

That is up 14% on FY2020, when there were 663 approvals worth $286M.

Maryland accounted for 1.2% of the 61,532 approvals nationwide that year. 87 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 284.

759approvalsFY2020: 663
$452Mdollars approvedFY2020: $286M
$200Kmedian 7(a) approvalFY2020: $100K
87lenders with an approval
9,610jobs 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 FY2021, of 87 active.

#LenderProgramApprovalsDollarsShare of stateFY2020Change
1Manufacturers and Traders Trust Company7(a)284$55.0M37.4%297-13
2Business Finance Group, Inc.50444$46.0M5.8%30+14
3Wells Fargo Bank National Association7(a)28$7.0M3.7%22+6
4TD Bank, National Association7(a)26$4.3M3.4%18+8
5Newtek Small Business Finance, Inc.7(a)24$15.3M3.2%6+18
6Live Oak Banking Company7(a)20$38.6M2.6%13+7
7Hanmi Bank7(a)20$25.4M2.6%10+10
8Wilmington Savings Fund Society FSB7(a)19$14.0M2.5%6+13
9United Midwest Savings Bank National Association7(a)16$2.3M2.1%11+5
10Truist Bank7(a)14$18.9M1.8%18-4
11Fulton Bank, National Association7(a)14$13.2M1.8%19-5
12Orrstown Bank7(a)12$4.8M1.6%4+8
13Chesapeake Business Finance Corporation50411$14.2M1.4%4+7
14Atlantic Union Bank7(a)10$8.0M1.3%7+3
15Capital Bank, National Association7(a)10$3.3M1.3%11-1
16PNC Bank, National Association7(a)10$2.1M1.3%20-10
17Firstrust Savings Bank7(a)8$9.7M1.1%5+3
18Meridian Bank7(a)8$9.7M1.1%0new
19Readycap Lending, LLC7(a)8$7.1M1.1%1+7
20EagleBank7(a)7$5.2M0.9%0new
21The Huntington National Bank7(a)7$3.1M0.9%3+4
22Citizens Bank7(a)7$3.1M0.9%2+5
23CDC Small Business Finance Corp.7(a)7$604K0.9%0new
24Beacon Bank and Trust7(a)6$6.6M0.8%9-3
25First National Bank of Pennsylvania7(a)6$6.1M0.8%60
26Harvest Small Business Finance, LLC7(a)6$4.3M0.8%5+1
27Clear Mountain Bank, Inc.7(a)6$936K0.8%2+4
28Celtic Bank Corporation7(a)5$7.0M0.7%7-2
29PCB Bank7(a)5$4.5M0.7%4+1
30Gulf Coast Bank and Trust Company7(a)5$4.0M0.7%1+4
31Bank of America, National Association7(a)5$3.0M0.7%6-1
32The Bancorp Bank National Association7(a)5$2.3M0.7%1+4
33BayFirst National Bank7(a)5$1.5M0.7%9-4
34Prince George's Financial Services Corporation7(a)5$543K0.7%4+1
35GBank7(a)4$13.6M0.5%0new
36First Merchants Bank7(a)4$6.8M0.5%8-4
37Colony Bank7(a)3$4.8M0.4%0new
38Shore United Bank, National Association7(a)3$1.9M0.4%0new
39504 Capital Corporation5043$1.5M0.4%0new
40SouthState Bank, National Association7(a)3$1.5M0.4%2+1

Approvals by county

#CountyApprovalsDollarsShare of stateFY2020Change
1Montgomery County121$67.0M15.9%105+16
2Baltimore County102$52.3M13.4%104-2
3Prince George's County99$60.1M13.0%89+10
4Howard County85$50.1M11.2%63+22
5Anne Arundel County81$60.3M10.7%76+5
6Baltimore city80$45.3M10.5%72+8
7Frederick County34$17.8M4.5%29+5
8Carroll County27$14.5M3.6%270
9Harford County23$10.8M3.0%28-5
10Worcester County18$14.8M2.4%5+13
11Calvert County15$7.6M2.0%8+7
12Charles County13$8.6M1.7%6+7
13Washington County11$6.5M1.4%14-3
14Queen Anne's County10$1.2M1.3%5+5
15Garrett County9$3.7M1.2%6+3
16Cecil County7$4.2M0.9%5+2
17St. Mary's County7$10.3M0.9%6+1
18Talbot County4$7.0M0.5%2+2
19Dorchester County3$1.4M0.4%0new
20Caroline County3$840K0.4%2+1
21Allegany County2—0.3%6-4
22Wicomico County2—0.3%5-3
23Kent County2—0.3%0new
24Somerset County1—0.1%0new

FY2021 against FY2020

MarylandFY2021FY2020
7(a) approvals699624
7(a) dollars$386M$240M
Median 7(a) approval$200K$100K
504 approvals6039
504 dollars$65.7M$46.4M
Jobs supported, as reported9,6107,843

Questions and answers

Which lenders made the most SBA loans in Maryland in FY2021?

Manufacturers and Traders Trust Company (284), Business Finance Group, Inc. (44), Wells Fargo Bank National Association (28), TD Bank, National Association (26), Newtek Small Business Finance, Inc. (24). 87 lenders had at least one approval.

How many SBA loans were approved in Maryland in FY2021?

759: 699 under 7(a) worth $386M and 60 under 504 worth $65.7M.

Which Maryland counties had the most SBA approvals in FY2021?

Montgomery County (121), Baltimore County (102), Prince George's County (99), Howard County (85), Anne Arundel County (81).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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