FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Maryland, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 822 loans in Maryland: 771 under 7(a) and 51 under 504, worth $385M.
That is up 8% on FY2021, when there were 759 approvals worth $452M.
Maryland accounted for 1.4% of the 56,932 approvals nationwide that year. 89 lenders had at least one approval in the state; Manufacturers and Traders Trust Company had the most, 328.
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 FY2022, of 89 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 7(a) | 328 | $45.5M | 39.9% | 284 | +44 |
| 2 | TD Bank, National Association | 7(a) | 33 | $4.6M | 4.0% | 26 | +7 |
| 3 | Business Finance Group, Inc. | 504 | 32 | $34.9M | 3.9% | 44 | -12 |
| 4 | Newtek Small Business Finance, Inc. | 7(a) | 28 | $14.6M | 3.4% | 24 | +4 |
| 5 | PNC Bank, National Association | 7(a) | 27 | $4.0M | 3.3% | 10 | +17 |
| 6 | The Huntington National Bank | 7(a) | 24 | $9.1M | 2.9% | 7 | +17 |
| 7 | Readycap Lending, LLC | 7(a) | 23 | $10.7M | 2.8% | 8 | +15 |
| 8 | BayFirst National Bank | 7(a) | 22 | $6.0M | 2.7% | 5 | +17 |
| 9 | Wells Fargo Bank National Association | 7(a) | 21 | $750K | 2.6% | 28 | -7 |
| 10 | Live Oak Banking Company | 7(a) | 17 | $30.7M | 2.1% | 20 | -3 |
| 11 | Truist Bank | 7(a) | 17 | $21.5M | 2.1% | 14 | +3 |
| 12 | Celtic Bank Corporation | 7(a) | 17 | $10.9M | 2.1% | 5 | +12 |
| 13 | Fulton Bank, National Association | 7(a) | 17 | $10.6M | 2.1% | 14 | +3 |
| 14 | Capital Bank, National Association | 7(a) | 16 | $11.0M | 1.9% | 10 | +6 |
| 15 | United Midwest Savings Bank National Association | 7(a) | 13 | $2.8M | 1.6% | 16 | -3 |
| 16 | First National Bank of Pennsylvania | 7(a) | 12 | $15.0M | 1.5% | 6 | +6 |
| 17 | Atlantic Union Bank | 7(a) | 11 | $8.1M | 1.3% | 10 | +1 |
| 18 | Bank of America, National Association | 7(a) | 9 | $2.6M | 1.1% | 5 | +4 |
| 19 | Chesapeake Business Finance Corporation | 504 | 7 | $8.7M | 0.9% | 11 | -4 |
| 20 | Prince George's Financial Services Corporation | 504 | 6 | $3.5M | 0.7% | 0 | new |
| 21 | CDC Small Business Finance Corp. | 7(a) | 6 | $472K | 0.7% | 7 | -1 |
| 22 | Hanmi Bank | 7(a) | 5 | $7.0M | 0.6% | 20 | -15 |
| 23 | Orrstown Bank | 7(a) | 5 | $5.5M | 0.6% | 12 | -7 |
| 24 | The Freedom Bank of Virginia | 7(a) | 5 | $4.8M | 0.6% | 1 | +4 |
| 25 | Prince George's Financial Services Corporation | 7(a) | 5 | $458K | 0.6% | 5 | 0 |
| 26 | First Financial Bank | 7(a) | 4 | $5.8M | 0.5% | 0 | new |
| 27 | 504 Capital Corporation | 504 | 4 | $5.4M | 0.5% | 3 | +1 |
| 28 | PCB Bank | 7(a) | 4 | $2.6M | 0.5% | 5 | -1 |
| 29 | EagleBank | 7(a) | 4 | $1.5M | 0.5% | 7 | -3 |
| 30 | First Bank of the Lake | 7(a) | 3 | $7.5M | 0.4% | 3 | 0 |
| 31 | Wilmington Savings Fund Society FSB | 7(a) | 3 | $7.3M | 0.4% | 19 | -16 |
| 32 | Firstrust Savings Bank | 7(a) | 3 | $3.9M | 0.4% | 8 | -5 |
| 33 | Meridian Bank | 7(a) | 3 | $2.1M | 0.4% | 8 | -5 |
| 34 | Beacon Bank and Trust | 7(a) | 3 | $1.5M | 0.4% | 6 | -3 |
| 35 | WesBanco Bank, Inc. | 7(a) | 3 | $1.4M | 0.4% | 1 | +2 |
| 36 | Stearns Bank National Association | 7(a) | 3 | $984K | 0.4% | 1 | +2 |
| 37 | Citizens Bank | 7(a) | 3 | $964K | 0.4% | 7 | -4 |
| 38 | Industrial Bank | 7(a) | 3 | $495K | 0.4% | 0 | new |
| 39 | JPMorgan Chase Bank, National Association | 7(a) | 3 | $281K | 0.4% | 0 | new |
| 40 | Hanover Community Bank | 7(a) | 2 | — | 0.2% | 1 | +1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Montgomery County | 122 | $52.9M | 14.8% | 121 | +1 |
| 2 | Prince George's County | 121 | $35.7M | 14.7% | 99 | +22 |
| 3 | Baltimore County | 111 | $44.4M | 13.5% | 102 | +9 |
| 4 | Anne Arundel County | 107 | $42.7M | 13.0% | 81 | +26 |
| 5 | Baltimore city | 91 | $46.4M | 11.1% | 80 | +11 |
| 6 | Howard County | 70 | $38.1M | 8.5% | 85 | -15 |
| 7 | Frederick County | 49 | $32.9M | 6.0% | 34 | +15 |
| 8 | Harford County | 36 | $25.9M | 4.4% | 23 | +13 |
| 9 | Charles County | 18 | $12.7M | 2.2% | 13 | +5 |
| 10 | Carroll County | 13 | $13.3M | 1.6% | 27 | -14 |
| 11 | Washington County | 12 | $2.7M | 1.5% | 11 | +1 |
| 12 | Calvert County | 11 | $4.5M | 1.3% | 15 | -4 |
| 13 | Queen Anne's County | 10 | $6.4M | 1.2% | 10 | 0 |
| 14 | Allegany County | 8 | $2.5M | 1.0% | 2 | +6 |
| 15 | Cecil County | 8 | $1.5M | 1.0% | 7 | +1 |
| 16 | Wicomico County | 7 | $2.6M | 0.9% | 2 | +5 |
| 17 | Worcester County | 7 | $3.6M | 0.9% | 18 | -11 |
| 18 | Garrett County | 6 | $843K | 0.7% | 9 | -3 |
| 19 | St. Mary's County | 6 | $8.0M | 0.7% | 7 | -1 |
| 20 | Talbot County | 4 | $2.4M | 0.5% | 4 | 0 |
| 21 | Caroline County | 2 | — | 0.2% | 3 | -1 |
| 22 | Kent County | 2 | — | 0.2% | 2 | 0 |
| 23 | Dorchester County | 1 | — | 0.1% | 3 | -2 |
FY2022 against FY2021
| Maryland | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 771 | 699 |
| 7(a) dollars | $331M | $386M |
| Median 7(a) approval | $115K | $200K |
| 504 approvals | 51 | 60 |
| 504 dollars | $53.5M | $65.7M |
| Jobs supported, as reported | 8,836 | 9,610 |
Questions and answers
Which lenders made the most SBA loans in Maryland in FY2022?
Manufacturers and Traders Trust Company (328), TD Bank, National Association (33), Business Finance Group, Inc. (32), Newtek Small Business Finance, Inc. (28), PNC Bank, National Association (27). 89 lenders had at least one approval.
How many SBA loans were approved in Maryland in FY2022?
822: 771 under 7(a) worth $331M and 51 under 504 worth $53.5M.
Which Maryland counties had the most SBA approvals in FY2022?
Montgomery County (122), Prince George's County (121), Baltimore County (111), Anne Arundel County (107), Baltimore city (91).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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