SBA Lenders in Maryland
18 active SBA lenders · 724 loans approved · $406.4M total volume
All SBA Lenders in Maryland
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Capital Bank, National Association | ROCKVILLE | 606 | $352.1M | $581K | ⭐ |
| EagleBank | Bethesda | 38 | $22.4M | $590K | ⭐ |
| Shore United Bank, National Association | EASTON | 17 | $5.4M | $318K | — |
| Prince George's Financial Services Corporation | Largo | 14 | $1.5M | $108K | — |
| National Institutes of Health FCU | ROCKVILLE | 10 | $2.5M | $246K | — |
| The Harbor Bank of Maryland | BALTIMORE | 9 | $7.8M | $866K | — |
| Farmers & Merchants Bank | UPPERCO | 7 | $4.1M | $590K | — |
| Hebron Savings Bank | HEBRON | 5 | $640K | $128K | — |
| Mid-Atlantic FCU | GERMANTOWN | 3 | $1.2M | $399K | — |
| The Bank of Glen Burnie | GLEN BURNIE | 3 | $3.9M | $1.3M | — |
| BayVanguard Bank | Sparrows Point | 2 | $709K | $355K | — |
| Securityplus Federal Credit Union | Baltimore | 2 | $2.6M | $1.3M | — |
| Point Breeze Credit Union | Hunt Valley | 2 | $650K | $325K | — |
| Baltimore Community Lending, Inc. | Baltimore | 2 | $700K | $350K | — |
| Signal Financial FCU | KENSINGTON | 1 | $114K | $114K | — |
| Cecil Bank | Elkton | 1 | $68K | $68K | — |
| Nymeo FCU | FREDERICK | 1 | $16K | $16K | — |
| Lafayette Federal Credit Union | Rockville | 1 | $65K | $65K | — |
Finding an SBA Lender in Maryland
There are currently 18 SBA-approved lenders headquartered in Maryland, ranging from national banks to local community lenders. Together they have approved 724 SBA 7(a) loans totaling $406.4M since 2020.
Of these, 2 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Maryland
How many SBA lenders are in Maryland?
There are currently 18 SBA-approved lenders headquartered in Maryland. Together they have approved 724 SBA 7(a) loans totaling $406.4M since 2020. Of these, 2 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Maryland?
An SBA Preferred Lender (PLP) in Maryland is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Maryland currently has 2 Preferred Lenders.
How do I choose the best SBA lender in Maryland?
When choosing an SBA lender in Maryland, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 18 Maryland lenders so you can compare objectively.
How long does SBA loan approval take in Maryland?
With an SBA Preferred Lender in Maryland, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.