For entrepreneurs and small business owners in Maryland seeking Small Business Administration (SBA) loans, the financial landscape offers a diverse range of options. Here, we explore the top 10 SBA lenders in the state, providing insights into the unique strengths and characteristics of each institution:
Maryland Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | M&T | Buffalo, NY | 260 | $152,860 | 8.4% |
| 2 | BayFirst National Bank | Saint Petersburg, FL | 30 | $301,950 | 8.6% |
| 3 | TD Bank | Wilmington, DE | 22 | $186,364 | 9.3% |
| 4 | Readycap Lending, LLC | Berkeley Heights, NJ | 21 | $403,052 | 7.6% |
| 5 | Newtek Small Business Finance | Lake Success, NY | 20 | $599,840 | 7.8% |
| 6 | Wells Fargo | Sioux Falls, SD | 19 | $76,505 | 9.9% |
| 7 | Fulton Bank | Lancaster, PA | 18 | $728,339 | 6.9% |
| 8 | Truist Bank | Charlotte, NC | 16 | $1,497,294 | 6.0% |
| 9 | Celtic Bank | Salt Lake City, UT | 15 | $604,507 | 7.2% |
| 10 | PNC Bank | Wilmington, DE | 14 | $333,571 | 7.7% |
| 11 | BancorpSouth Bank | Tupelo, MS | 13 | $382,308 | 7.3% |
| 12 | Live Oak | Wilmington, NC | 12 | $1,761,250 | 6.9% |
| 13 | United Midwest Savings Bank | De Graff, OH | 12 | $300,500 | 6.7% |
| 14 | Capital Bank | Rockville, MD | 11 | $713,936 | 6.2% |
| 15 | Bank of America | Charlotte, NC | 10 | $294,450 | 3.0% |
| 16 | First National Bank of Pennsylvania | Greenville, PA | 10 | $958,250 | 6.5% |
| 17 | Sandy Spring Bank | Olney, MD | 8 | $631,988 | 6.1% |
| 18 | The Huntington National Bank | Columbus, OH | 7 | $234,571 | 7.6% |
| 19 | Hanmi Bank | Los Angeles, CA | 6 | $1,409,500 | 6.4% |
| 20 | Citizens Bank | Elizabethton, TN | 5 | $344,660 | 7.4% |
| 21 | First Financial Bank | El Dorado, AR | 5 | $1,256,800 | 6.2% |
| 22 | Firstrust Savings Bank | Conshohocken, PA | 5 | $898,000 | 6.6% |
| 23 | Berkshire Bank | Pittsfield, MA | 4 | $1,066,250 | 6.0% |
| 24 | CDC Small Business Finance | San Diego, CA | 4 | $127,775 | 9.1% |
| 25 | EagleBank | Bethesda, MD | 4 | $381,250 | 6.8% |
| 26 | First Bank of the Lake | Osage Beach, MO | 4 | $2,365,500 | 6.4% |
| 27 | PCB Bank | Los Angeles, CA | 4 | $654,750 | 6.6% |
| 28 | PEOPLESBANK | York, PA | 4 | $182,575 | 5.6% |
| 29 | ACNB Bank | Gettysburg, PA | 3 | $1,503,333 | 6.4% |
| 30 | First Chatham Bank | Savannah, GA | 3 | $1,950,867 | 5.5% |
| 31 | Five Star Bank | Rancho Cordova, CA | 3 | $275,000 | 7.8% |
| 32 | Meridian Bank | Malvern, PA | 3 | $710,333 | 4.5% |
| 33 | Prince George’s County Financial Services | Largo, MD | 3 | $81,000 | 9.3% |
| 34 | Woori America Bank | New York, NY | 3 | $719,000 | 6.1% |
1. M&T
M&T, headquartered in Buffalo, New York, leads the way as a national player with a significant presence in Maryland. Facilitating 260 loans, the bank provides an average loan amount of $152,860 at an 8.4% interest rate. Maryland businesses can benefit from M&T’s national backing and substantial lending support.
2. BayFirst National Bank
BayFirst National Bank, based in Saint Petersburg, Florida, secures the second position. With 30 loans, the bank offers an average loan amount of $301,950 at an 8.6% interest rate. BayFirst National Bank provides Maryland businesses with access to diverse financial services and a regional touch.
3. TD Bank
TD Bank, headquartered in Wilmington, Delaware, is a national player with a presence in Maryland. With 22 loans, the bank offers an average loan amount of $186,364 at a 9.3% interest rate. TD Bank provides businesses in the state with a mix of regional and national support.
4. Readycap Lending, LLC
Readycap Lending, LLC, based in Berkeley Heights, New Jersey, specializes in larger loan amounts. With 21 loans, the lender offers an average loan of $403,052 at a competitive 7.6% interest rate. Maryland businesses seeking substantial financial backing may find Readycap Lending to be a strategic partner.
5. Newtek Small Business Finance
Newtek Small Business Finance, headquartered in Lake Success, New York, secures the fifth position. With 20 loans, the lender offers an average loan amount of $599,840 at a 7.8% interest rate. Newtek Small Business Finance caters to businesses in Maryland seeking diverse financial services and substantial funding.
6. Wells Fargo
Wells Fargo, headquartered in Sioux Falls, South Dakota, is a well-established national player. With 19 loans, the bank provides an average loan amount of $76,505 at a 9.9% interest rate. Wells Fargo offers businesses in Maryland access to a broad range of financial services.
7. Fulton Bank
Fulton Bank, based in Lancaster, Pennsylvania, secures the seventh position. With 18 loans, the bank offers an average loan amount of $728,339 at a 6.9% interest rate. Maryland businesses may find Fulton Bank to be an attractive option for substantial financing with competitive terms.
8. Truist Bank
Truist Bank, headquartered in Charlotte, North Carolina, takes the eighth position. With 16 loans, the bank offers an average loan amount of $1,497,294 at an impressively low 6.0% interest rate. Truist Bank stands out for businesses in Maryland seeking substantial financial support with favorable financing terms.
9. Celtic Bank
Celtic Bank, based in Salt Lake City, Utah, secures the ninth position. With 15 loans, the bank offers an average loan amount of $604,507 at a 7.2% interest rate. Celtic Bank provides Maryland businesses with access to diverse financial services and competitive financing terms.
10. PNC Bank
PNC Bank, headquartered in Wilmington, Delaware, closes the top 10 SBA lenders in Maryland. With 14 loans, the bank offers an average loan amount of $333,571 at a 7.7% interest rate. PNC Bank provides businesses in the state with a mix of regional and national support.
In conclusion, Maryland businesses have a rich array of SBA lenders to choose from, each offering unique advantages. Whether seeking local community support, substantial national backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Old Line State.
Top Industries for SBA loans in Maryland
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Full-Service Restaurants | 29 | $568,066 | 7.7% |
| 2 | Limited-Service Restaurants | 21 | $441,562 | 7.1% |
| 3 | Residential Remodelers | 14 | $113,586 | 8.9% |
| 4 | Computer Systems Design Services | 12 | $308,100 | 8.0% |
| 5 | Child Day Care Services | 12 | $1,044,675 | 7.2% |
| 6 | Insurance Agencies and Brokerages | 12 | $323,342 | 7.3% |
| 7 | Plumbing, Heating, and Air-Conditioning Contractors | 11 | $469,045 | 6.7% |
| 8 | Fitness and Recreational Sports Centers | 11 | $250,264 | 8.4% |
| 9 | Residential Property Managers | 11 | $127,745 | 7.5% |
| 10 | Beauty Salons | 11 | $170,082 | 9.6% |
| 11 | General Freight Trucking, Local | 10 | $404,430 | 7.4% |
| 12 | Offices of All Other Miscellaneous Health Practitioners | 10 | $242,750 | 7.7% |
| 13 | Electrical Contractors | 10 | $735,830 | 7.6% |
| 14 | Home Health Care Services | 10 | $272,640 | 7.9% |
| 15 | Custom Computer Programming Services | 9 | $666,667 | 7.9% |
| 16 | All Other Professional, Scientific, and Technical Services | 8 | $146,875 | 8.4% |
| 17 | Landscaping Services | 8 | $431,038 | 8.7% |
| 18 | Other Building Finishing Contractors | 8 | $533,713 | 7.9% |
| 19 | General Automotive Repair | 7 | $392,000 | 7.0% |
| 20 | Offices of Physicians (except Mental Health Specialists) | 7 | $545,600 | 7.1% |
| 21 | Engineering Services | 7 | $514,571 | 6.8% |
| 22 | Couriers | 6 | $548,733 | 7.4% |
| 23 | All Other Amusement and Recreation Industries | 6 | $969,750 | 8.5% |
| 24 | Offices of Chiropractors | 6 | $50,900 | 5.2% |
| 25 | Janitorial Services | 6 | $267,167 | 8.3% |
| 26 | Specialized Freight (except Used Goods) Trucking, Local | 5 | $26,800 | 10.5% |
| 27 | General Freight Trucking, Long Distance, Truckload | 5 | $23,700 | 8.5% |
| 28 | Hotels (except Casino Hotels) and Motels | 5 | $3,528,200 | 6.2% |
| 29 | Offices of Lawyers | 5 | $108,040 | 8.0% |
| 30 | Data Processing, Hosting, and Related Services | 5 | $970,600 | 5.9% |
| 31 | Services for the Elderly and Persons with Disabilities | 5 | $106,400 | 6.8% |
| 32 | Cosmetics, Beauty Supplies, and Perfume Stores | 5 | $65,000 | 7.5% |
| 33 | Breweries | 5 | $1,038,480 | 6.2% |
| 34 | Private Mail Centers | 5 | $222,260 | 6.4% |
| 35 | Pet Care (except Veterinary) Services | 5 | $880,800 | 7.3% |
| 36 | Electronic Shopping and Mail-Order Houses | 4 | $136,250 | 8.4% |
| 37 | Beer, Wine, and Liquor Stores | 4 | $2,457,750 | 5.6% |
| 38 | Other Activities Related to Real Estate | 4 | $35,000 | 8.4% |
| 39 | Other Computer Related Services | 4 | $303,250 | 5.9% |
| 40 | Caterers | 4 | $288,750 | 8.6% |
Top SBA Loan Franchises in Maryland
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Property Management Inc. | 6 | $150,000 | 6.5% |
| 2 | The UPS Store | 4 | $215,325 | 6.1% |
| 3 | Rita’s Ice-Custard-Happiness | 2 | $941,800 | 6.0% |
| 4 | Celebree School | 2 | $1,750,600 | 7.9% |
| 5 | Seniors Helping Seniors | 2 | $111,000 | 6.3% |
| 6 | Senior Care Authority | 2 | $55,000 | 7.8% |
| 7 | Generator Supercenter | 2 | $386,000 | 7.0% |
| 8 | I.M.DRIPBaR | 2 | $207,500 | 7.3% |
| 9 | SYNERGY HomeCare | 2 | $171,200 | 6.3% |
| 10 | Days Inn | 2 | $2,220,500 | 5.8% |
Top Maryland SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | DMAC SECURITY LLC | Baltimore, MD | Security Guards and Patrol Services | $500K – $1M | 6.0% | 268 |
| 2 | HEALTHCARE RESOLUTION SERVICES | Columbia, MD | All Other Professional, Scientific, and Technical Services | $250K or less | 8.4% | 200 |
| 3 | SOFT STUFF DISTRIBUTORS INC | Jessup, MD | Packaged Frozen Food Merchant Wholesalers | $500K – $1M | 5.8% | 125 |
| 4 | MIDPOINT TECHNOLOGY GROUP LLC | Hanover, MD | Data Processing, Hosting, and Related Services | $1M – $2.5M | 5.3% | 100 |
| 5 | NETZER METALWORKS LLC | Essex, MD | Sheet Metal Work Manufacturing | $1M – $2.5M | 6.5% | 100 |
| 6 | CHERNOW FRANCHISE LLC | Bethesda, MD | Services for the Elderly and Persons with Disabilities | $250K or less | 6.3% | 92 |
| 7 | INTERNATINAL SERVICES GROUP L | Hyattsville, MD | Facilities Support Services | $1M – $2.5M | 7.8% | 85 |
| 8 | PAPPAS BEL AIR LLC | Bel Air, MD | Full-Service Restaurants | $1M – $2.5M | 8.5% | 80 |
| 9 | MAKADIA MANAGEMENT GROUP INC. | Nottingham, MD | Janitorial Services | $500K – $1M | 6.0% | 75 |
| 10 | MKM HOME CARE LLC | Annapolis, MD | Home Health Care Services | $1M – $2.5M | 8.0% | 71 |
| 11 | LILIAHNA LLC | Baltimore, MD | Full-Service Restaurants | $250K or less | 5.5% | 70 |
| 12 | LEOTA PROFESSIONAL RESOURCES | Lanham, MD | Temporary Help Services | $250K – $500K | 6.3% | 70 |
| 13 | COMBAT SHOOTER INC. | Middle River, MD | All Other Amusement and Recreation Industries | $1M – $2.5M | 6.3% | 70 |
| 14 | METRO GROUNDS MANAGEMENT LLC | Olney, MD | Landscaping Services | $1M – $2.5M | 5.8% | 70 |
| 15 | MADDEN PLUMBING AND HVAC INC. | Beltsville, MD | Plumbing, Heating, and Air-Conditioning Contractors | $500K – $1M | 6.3% | 69 |
| 16 | ALL IN THE FAMILY EARLY LEARNI | Glen Burnie, MD | Child Day Care Services | $250K or less | 7.3% | 68 |
| 17 | GTG ELDERSBURG INC. | Eldersburg, MD | Limited-Service Restaurants | $250K – $500K | 9.0% | 65 |
| 18 | KING STAR ENTERPRISES INC. | Cockeysville, MD | Full-Service Restaurants | $1M – $2.5M | 7.8% | 63 |
| 19 | IB HOLDINGS INC | Baltimore, MD | Architectural Services | $500K – $1M | 6.1% | 61 |
| 20 | DIMENSIONAL HEALTH CARE ASSOCI | Owings Mills, MD | Employment Placement Agencies | $2.5M – $5M | 5.0% | 61 |
| 21 | COMFORT AT HOME LLC | Annapolis, MD | Home Health Care Services | $250K or less | 6.3% | 60 |
| 22 | HEALTH AND LIFE ASSOCIATES LLC | Belcamp, MD | Insurance Agencies and Brokerages | $500K – $1M | 3.0% | 60 |
| 23 | BOTTOM LINE TECHNOLOGIES INC. | Columbia, MD | Computer Systems Design Services | $250K – $500K | 5.9% | 58 |
| 24 | GREEN FUTURE CONSTRUCTION LLC | Elkridge, MD | Landscape Architectural Services | $1M – $2.5M | 5.5% | 52 |
| 25 | BENJAMIN JOHN LLC | Nottingham, MD | Child Day Care Services | $1M – $2.5M | 8.8% | 52 |
| 26 | PERMANENT PRINTING SOLUTIONS | Forest Hill, MD | Sign Manufacturing | $1M – $2.5M | 6.0% | 52 |
| 27 | THE PLASTICOID CO INC. | Elkton, MD | All Other Rubber Product Manufacturing | $250K or less | 6.8% | 50 |
| 28 | THE PLASTICOID CO INC. | Elkton, MD | All Other Plastics Product Manufacturing | $250K or less | 10.0% | 50 |
| 29 | AVYON CONSULTING GROUP INC. | Chevy Chase, MD | Engineering Services | $250K – $500K | 5.5% | 50 |
| 30 | PURE PURCELL II INC. | Prince Frederick, MD | Limited-Service Restaurants | $250K – $500K | 6.3% | 50 |
| 31 | SOFT STUFF DISTRIBUTORS INC. | Jessup, MD | Packaged Frozen Food Merchant Wholesalers | $500K – $1M | 5.0% | 50 |
| 32 | TAB ENTERTAINMENT INC | Laurel, MD | Amusement and Theme Parks | $500K – $1M | 5.5% | 50 |
| 33 | MARVEL LEARNING CENTER LLC | West Friendship, MD | Child Day Care Services | $2.5M – $5M | 7.7% | 46 |
| 34 | FREDERICK ELECTRIC CO. LLC | Hagerstown, MD | Electrical Contractors | $250K or less | 7.5% | 45 |
| 35 | BLKC LLC | Frederick, MD | Offices of Physicians (except Mental Health Specialists) | $1M – $2.5M | 5.9% | 45 |
| 36 | FIRST PATHFINDER INC | Towson, MD | Home Health Care Services | $250K or less | 9.0% | 42 |
| 37 | BLW ENTERTAINMENT LIMITED LIAB | Huntingtown, MD | All Other Amusement and Recreation Industries | $250K or less | 9.3% | 42 |
| 38 | JUDY’S ISLAND GRILL CANTON LL | Baltimore, MD | Full-Service Restaurants | $250K or less | 9.4% | 40 |
| 39 | LAUREN LANE LLC | Potomac, MD | Full-Service Restaurants | $250K or less | 7.5% | 40 |
| 40 | GINO’S GROUP INC | Rockville, MD | Full-Service Restaurants | $250K – $500K | 9.0% | 40 |
| 41 | PRIME DESIGNS INC. | Hanover, MD | Other Building Finishing Contractors | $1M – $2.5M | 6.0% | 40 |
| 42 | ESFD LLC | Rockville, MD | Funeral Homes and Funeral Services | $2.5M – $5M | 7.8% | 39 |
| 43 | TOWER GROUP INC. | Bowie, MD | All Other Amusement and Recreation Industries | $2.5M – $5M | 5.8% | 38 |
| 44 | AIM INNOVATIONS LLC | Hyattsville, MD | Computer Systems Design Services | $250K or less | 10.0% | 35 |
| 45 | KBBQ 2005 INC. | Baltimore, MD | Full-Service Restaurants | $1M – $2.5M | 7.5% | 35 |
| 46 | IDFIVE | Baltimore, MD | Marketing Consulting Services | $2.5M – $5M | 5.8% | 35 |
| 47 | YF FOOD SERVICES LLC | Ellicott City, MD | Full-Service Restaurants | $250K or less | 5.3% | 34 |
| 48 | THEVLHUB LLC | Chevy Chase, MD | Residential Remodelers | $250K – $500K | 6.4% | 34 |
| 49 | BGK PROGENY LLC | Westminster, MD | Limited-Service Restaurants | $250K – $500K | 5.0% | 34 |
| 50 | GHF LLC | Glen Burnie, MD | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 4.8% | 34 |
| 51 | INTERBIOME LLC | Rockville, MD | Pharmaceutical Preparation Manufacturing | $1M – $2.5M | 6.3% | 34 |
| 52 | BELMONT HOSPITALITY LLC | Windsor Mill, MD | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 4.8% | 33 |
| 53 | ADVANCING BEYOND THE SPECTRUM | Bel Air, MD | Offices of Physicians, Mental Health Specialists | $250K – $500K | 7.3% | 32 |
| 54 | ROYAL HOME CARE AND STAFFING L | Odenton, MD | Home Health Care Services | $500K – $1M | 6.3% | 31 |
| 55 | SHILOH RESTAURANT GROUP LLC | Takoma Park, MD | Full-Service Restaurants | $1M – $2.5M | 2.8% | 31 |
| 56 | ASSURED HEALTHCARE SOLUTIONS L | Bowie, MD | Other Residential Care Facilities | $250K or less | 10.0% | 30 |
| 57 | VITALIS HEALTHCARE SERVICES L | Silver Spring, MD | Home Health Care Services | $250K or less | 10.8% | 30 |
| 58 | SUNNY FLOORING CO INC | Germantown, MD | Flooring Contractors | $250K – $500K | 6.0% | 30 |
| 59 | STONEPARK LOGISTICS LLC | Gaithersburg, MD | New Multifamily Housing Construction (except Operative Builders) | $500K – $1M | 8.3% | 30 |
| 60 | STURGILL & ASSOCIATES LLP | Westminster, MD | Offices of Certified Public Accountants | $1M – $2.5M | 6.8% | 30 |
| 61 | THE INDEPENDENT TAXI ASSOCIATI | Baltimore, MD | Taxi Service | $1M – $2.5M | 5.5% | 30 |
| 62 | K&R TECHNOLOGIES LLC | Frederick, MD | Surgical and Medical Instrument Manufacturing | $2.5M – $5M | 6.3% | 30 |
| 63 | ATR KENNELS INC. | Millersville, MD | Pet Care (except Veterinary) Services | $500K – $1M | 6.5% | 29 |
| 64 | GEM BROTHERS GENERAL CONTRACTO | Capitol Heights, MD | Other Building Finishing Contractors | $250K or less | 9.5% | 28 |
| 65 | AMADA SENIOR CARE SILVER SPRIN | North Bethesda, MD | Home Health Care Services | $250K or less | 6.0% | 28 |
| 66 | JIFFY MAIDS LLC | Takoma Park, MD | Janitorial Services | $250K – $500K | 9.0% | 28 |
| 67 | THE SEVENTY TIMES SEVEN WELLNE | Baltimore, MD | Residential Mental Health and Substance Abuse Facilities | $500K – $1M | 6.0% | 28 |
| 68 | JOR LLC | Columbia, MD | Limited-Service Restaurants | $250K or less | 6.0% | 27 |
| 69 | NEWCO HOSPITALITY LLC | Glen Burnie, MD | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 6.8% | 27 |
| 70 | RESISTANCE CYCLE | Baltimore, MD | Fitness and Recreational Sports Centers | $250K – $500K | 5.0% | 26 |
| 71 | PAINT NAIL BAR BETHESDA LLC | Bethesda, MD | Nail Salons | $250K – $500K | 6.8% | 25 |
| 72 | SOLAR SME INC | Bowie, MD | Electrical Contractors | $250K – $500K | 6.0% | 25 |
| 73 | BLAZIN ICE LLC | Frederick, MD | Limited-Service Restaurants | $500K – $1M | 6.3% | 25 |
| 74 | CL FOOD ENTERPRISES LLC | Baltimore, MD | Limited-Service Restaurants | $500K – $1M | 7.8% | 25 |
| 75 | SNP BURGERS LLC | Dunkirk, MD | Limited-Service Restaurants | $500K – $1M | 8.8% | 25 |
| 76 | BLUEPRINT PARTNERS CORP. | Baltimore, MD | Prefabricated Wood Building Manufacturing | $1M – $2.5M | 5.8% | 25 |
| 77 | ST MATTIS ENTERPRISES LLC | Baltimore, MD | $250K or less | 8.3% | 24 | |
| 78 | EMPIRE FINANCIAL SERVICES INC. | Rockville, MD | Real Estate Credit | $250K or less | 8.3% | 24 |
| 79 | BBE INNOVATION INC. | Frederick, MD | Interior Design Services | $250K – $500K | 8.8% | 24 |
| 80 | THE REDD GROUP INC. | Upper Marlboro, MD | Couriers | $1M – $2.5M | 7.3% | 24 |
| 81 | SYKESVILLE VETERINARY CLINIC L | Germantown, MD | Veterinary Services | $1M – $2.5M | 8.3% | 24 |
| 82 | ELANSIS LOGISTICS INC. | White Marsh, MD | General Freight Trucking, Local | $1M – $2.5M | 8.0% | 23 |
| 83 | CASUAL FRIDAY INC | Ellicott City, MD | $250K – $500K | 6.0% | 22 | |
| 84 | JBBS DUO MD LLC | Towson, MD | Limited-Service Restaurants | $250K – $500K | 8.3% | 22 |
| 85 | LUNA FREIGHT LLC | Baltimore, MD | General Freight Trucking, Local | $250K or less | 4.5% | 21 |
| 86 | MARTA BALTIMORE LLC | Baltimore, MD | Full-Service Restaurants | $500K – $1M | 6.3% | 21 |
| 87 | KNOWLEDGE ANALYTICS INCORPORAT | Potomac, MD | Computer Systems Design Services | $1M – $2.5M | 6.8% | 21 |
| 88 | CHECKERSPOT BREWING LLC | Baltimore, MD | Breweries | $2.5M – $5M | 5.5% | 21 |
| 89 | DREAM ST. CUISINE CATERING L.L | Baltimore, MD | Caterers | $250K or less | 10.0% | 20 |
| 90 | HEAVY METAL PLAYGROUND LLC | Frederick, MD | Amusement and Theme Parks | $250K or less | 6.1% | 20 |
| 91 | ENCIMA ENTERPRISES LLC | Parkville, MD | Other Building Equipment Contractors | $250K or less | 6.3% | 20 |
| 92 | BAYLOR CONSTRUCTION GROUP LLC | Waldorf, MD | Commercial and Institutional Building Construction | $250K or less | 5.6% | 20 |
| 93 | MADISON AVENUE SUPPORT SERVICE | Baltimore, MD | Other Individual and Family Services | $250K or less | 8.3% | 20 |
| 94 | BD ENTERPRISES LLC | Lanham, MD | Retail Bakeries | $250K or less | 6.0% | 20 |
| 95 | DC&KJ ENTERPRISES INC. | Crofton, MD | Offices of All Other Miscellaneous Health Practitioners | $250K or less | 7.3% | 20 |
| 96 | EISELE ENTERPRISES LLC | Lutherville, MD | Outpatient Mental Health and Substance Abuse Centers | $250K or less | 8.3% | 20 |
| 97 | SUGARING BOWIE LLC | Gambrills, MD | Other Personal Care Services | $250K or less | 9.5% | 20 |
| 98 | LARTEY WELLNESS GROUP LLC | Laurel, MD | Offices of Mental Health Practitioners (except Physicians) | $250K – $500K | 6.0% | 20 |
| 99 | TRU-HEALTH INCOPORATED | Glenn Dale, MD | Freestanding Ambulatory Surgical and Emergency Centers | $500K – $1M | 6.3% | 20 |
| 100 | RJA SERVICES INC. | Mechanicsville, MD | Plumbing, Heating, and Air-Conditioning Contractors | $500K – $1M | 5.3% | 20 |
Note about SBA lenders near me in Maryland
When it comes to top Maryland SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Maryland preferred lender list, 2) approved lenders in Maryland, or 3) active participants in the Maryland SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Maryland swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Maryland, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.