SBA Lenders in Maryland
Top lenders ranked by real SBA lending data. See who's most active in Maryland across deal count, loan size, and pricing.
What Borrowers Should Know
Maryland's median 7(a) spread of P+2.49% is 26 basis points better than the national median of P+2.75%. This means borrowers in Maryland typically pay less interest on SBA loans. However, this advantage is modest—on a $250,000 loan, you'd save roughly $650 per year. Shop rates anyway, since spreads vary significantly among the 81 active lenders.
Manufacturers and Traders Trust Company dominates Maryland with 5,463 of 6,972 deals—78% of the entire market. This concentration means limited competition: the next four lenders combined have only 815 deals. Heavy reliance on one lender reduces your negotiating leverage and limits alternative options if that lender declines your application.
Maryland's average deal size of $249,297 is well below typical SBA 7(a) loan limits ($5M). This suggests the state's SBA lending activity skews toward smaller businesses. If you need a larger loan, you may face fewer precedents and lender appetite in Maryland—consider whether your loan amount aligns with local lending patterns.
Total SBA Loans
6,975
Active Lenders
78
Avg Deal Size
$251K
Total Volume
$1.8B
Top 10 Lenders in Maryland
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | Bank | 1,255 | $108K | P + 2.35%AVERAGE | |
| 2 | Wells Fargo Bank National Association | Bank | 194 | $161K | P + 2.54%AVERAGE | |
| 3 | TD Bank, National Association | Bank | 168 | $92K | P + 4.25%HIGH | |
| 4 | Truist Bank | Bank | 138 | $364K | P + 2.25%GOOD | |
| 5 | Business Finance Group, Inc. | Bank | 106 | $672K | — | |
| 6 | PNC Bank, National Association | Bank | 89 | $140K | P + 2.19%GOOD | |
| 7 | Hanmi Bank | Bank | 70 | $1.0M | P + 2.00%GOOD | |
| 8 | Northeast Bank | Bank | 68 | $157K | P + 2.75%AVERAGE | |
| 9 | BayFirst National Bank | Bank | 62 | $279K | P + 2.75%AVERAGE | |
| 10 | Atlantic Union Bank | Bank | 54 | $460K | P + 2.75%AVERAGE |
Top Industries in Maryland
SBA lending activity by industry segment.