Top SBA Acquisition Lenders in Maryland
30 active SBA 7(a) lenders in Maryland, ranked by acquisition loan count.
Lenders
in Maryland
Total Volume
Median Rate
Median Loan Size
Top Lenders in Maryland
Lending by Industry in Maryland
Covers the 53 of 103 Maryland loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Maryland
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 14 | $20.4M | P+1.50% | 0.8% |
| 2 | Manufacturers and Traders Trust Company | 13 | $9.9M | P+2.25% | 1.0% |
| 3 | The Huntington National Bank | 9 | $20.7M | P+2.25% | 1.5% |
| 4 | Celtic Bank Corporation | 7 | $4.9M | P+2.50% | 1.7% |
| 5 | Hanmi Bank | 7 | $16.1M | P+1.75% | 1.0% |
| 6 | Dogwood State Bank | 5 | $3.6M | P+2.75% | 0.0% |
| 7 | Open Bank | 5 | $3.9M | P+1.50% | 0.9% |
| 8 | First Internet Bank of Indiana | 5 | $18.1M | P+2.75% | 1.7% |
| 9 | Brookline Bank | 4 | $3.7M | P+2.50% | 1.0% |
| 10 | GBank | 3 | $8.3M | P+1.00% | 0.6% |
| 11 | US Metro Bank | 3 | $6.3M | P+1.25% | 0.0% |
| 12 | Bank of Oak Ridge | 3 | $1.2M | P+2.25% | 0.0% |
| 13 | TowneBank | 2 | $2.8M | P+2.75% | 0.4% |
| 14 | Fulton Bank, National Association | 2 | $1.0M | P+2.25% | 1.1% |
| 15 | Bank of Clarke | 2 | $1.7M | P+2.00% | 0.0% |
| 16 | United Midwest Savings Bank, National Association | 2 | $1.1M | P+2.75% | 0.5% |
| 17 | LendingClub Bank, National Association | 2 | $5.2M | P+1.88% | 7.2% |
| 18 | Merchants Bank of Indiana | 2 | $5.2M | P+2.00% | 0.0% |
| 19 | Centerstone SBA Lending, Inc. | 2 | $2.0M | P+2.00% | 0.9% |
| 20 | Farmers & Merchants Bank | 1 | $1.3M | P+3.00% | 0.0% |
| 21 | Meridian Bank | 1 | $381K | P+2.25% | 2.7% |
| 22 | Farmers & Merchants Bank | 1 | $1.3M | P+3.00% | 0.0% |
| 23 | Bankwell Bank | 1 | $340K | P+2.50% | 0.0% |
| 24 | Wilmington Savings Fund Society FSB | 1 | $260K | P+2.00% | 2.9% |
| 25 | Truliant FCU | 1 | $1.2M | P+2.75% | 0.0% |
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Customize your search →SBA 7(a) Lending in Maryland
Maryland has 30 active SBA 7(a) acquisition lenders that have originated a combined 103 loans totaling $153.8M in volume. The median acquisition loan size in Maryland is $988K, with a median interest rate of Prime + 2.25% (Prime + spread).
When evaluating SBA lenders in Maryland, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Maryland?
There are currently 30 active SBA 7(a) lenders in Maryland based on FOIA lending data. These lenders have originated 103 acquisition loans.
What is the typical SBA loan rate in Maryland?
The median SBA 7(a) acquisition loan rate in Maryland is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.