Searching for trusted Maryland SBA lenders to power your business growth? Our comprehensive directory connects Maryland entrepreneurs with approved SBA loan providers throughout Baltimore, Annapolis, Frederick, Rockville and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for Maryland businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your Maryland small business thrive in the Old Line State’s dynamic economic landscape.
| Banks & Credit Unions | |
|---|---|
| 1880 Bank | |
| ACNB Bank | |
| ACT 1st Federal Credit Union | |
| AgChoice ACA | |
| Ambler Savings Bank | |
| AmeriServ Financial Bank | |
| Andrews Federal Credit Union | |
| Aquesta Bank | |
| Atlantic Union Bank | |
| Bangor Savings Bank | |
| Bank of America, National Association | |
| Bank of Bolivar | |
| Bank of Charles Town | |
| Bank of Hope | |
| Bank of Ocean City | |
| BankUnited, National Association | |
| Bay-Vanguard Bank | |
| BBVA USA | |
| Berkshire Bank | |
| Blue Ridge Bank, National Association | |
| BMO Harris Bank National Association | |
| BOKF, National Association | |
| BOM Bank | |
| Bull Dog Federal Credit Union | |
| Busey Bank | |
| Cache Valley Bank | |
| Cadence Bank, National Association | |
| Calvin B. Taylor Banking Company | |
| Capital Area Realtors Federal Credit Union | |
| Capital Bank, National Association | |
| Carter FCU | |
| Carroll Community Bank | |
| Cecil Bank | |
| Cedar Point Federal Credit Union | |
| Celtic Bank Corporation | |
| Central Bank & Trust Co. | |
| Central Bank of St. Louis | |
| CFG Community Bank | |
| Chain Bridge Bank, National Association | |
| Chesapeake Bank of MD | |
| Chessie Federal Credit Union | |
| Choice Financial Group | |
| CIBC Bank USA | |
| Citizens Bank of West Virginia, Inc | |
| City National Bank | |
| City National Bank of Florida Clear Mountain Bank CNB Bank, Inc. | |
| Commercial Credit Financial Corp. | |
| Commonwealth Business Bank | |
| Community Bank of Parkersburg | |
| Community Bank of the Chesapeake | |
| Congressional Bank | |
| Cornerstone National Bank & Trust Company | |
| Customers Bank | |
| Digital FCU | |
| Eagle Bank | |
| Eastern Savings Bank | |
| Enterprise Bank & Trust | |
| Essex Bank | |
| Evolve Bank & Trust | |
| Farmers & Merchants Bank | |
| Farmers and Merchants Trust Company of Cham | |
| Farmers State Bank of Alto Pass, Illinois | |
| First Bank Financial Centre | |
| First Bank of the Lake | |
| First Citizens Bank | |
| First Federal Bank | |
| First Financial Bank | |
| First Home Bank | |
| First Independence Bank | |
| First National Bank of Pennsylvania | |
| First Northern Bank and Trust Company | |
| First Peoples Community Federal Credit Union | |
| First Savings Bank | |
| First Shore Federal Savings & Loan | |
| First Southern Bank | |
| First United Bank & Trust | |
| First-Citizens Bank & Trust Company | |
| Five Star Bank | |
| Five Star of Maryland Federal Credit Union | |
| FNB Bank, Inc. | |
| Fountainhead SBF LLC | |
| Freedom of MD Federal Credit Union | |
| Fulton Bank, National Association | |
| FVC Bank | |
| Gorham Savings Bank | |
| Great Western Bank | |
| Hanmi Bank | |
| HAR-Co Credit Union | |
| Harford Bank | |
| Hebron Savings Bank | |
| Herring Bank | |
| Hickory Point Bank and Trust | |
| Howard Bank | |
| Incredible Bank | |
| Jarrettsville Federal Savings & Loan | |
| Jefferson Security Bank | |
| KELCO Federal Credit Union | |
| Lafayette Federal Credit Union | |
| Legacy Bank | |
| Legence Bank | |
| Link Bank | |
| Live Oak Banking Company | |
| Mahopac Bank | |
| MainStreet Bank | |
| Manufacturers and Traders Trust Company | |
| Maryland Capital Enterprises | |
| Meadows Bank | |
| Metro City Bank | |
| Mi Bank | |
| Mid Atlantic Farm Credit | |
| Mid Atlantic Federal Credit Union | |
| Mid Penn Bank | |
| Middletown Valley Bank | |
| Money One Federal Credit Union | |
| Municipal Employees Credit Union of Baltimore | |
| MVB Bank, Inc. | |
| NASA Federal Credit Union | |
| National Institutes of Health Federal Credit Union Newtek Small Business Finance, Inc. | |
| Northwest Federal Credit Union | |
| Nymeo Federal Credit Union | |
| Old Dominion National Bank | |
| Orrstown Bank | |
| Pacific Premier Bank | |
| Pendleton Community Bank, Inc. | |
| PeoplesBank, A Codorus Valley Company | |
| PNC Bank, National Association Point Breeze Credit Union Premier Bank, Inc. | |
| Presidential Bank | |
| Prince George’s Community Federal Credit Union | |
| Providence Bank | |
| Provident State Bank, Inc. | |
| Radius Bank | |
| Revolution Portfolio, LLC | |
| Riverview Bank | |
| Rockland Trust Company | |
| Rosedale Federal Savings & Loan Association | |
| S & T Bank | |
| Sandy Spring Bank | |
| Severn Savings Bank, FSB d/b/a Severn Bank | |
| Shore United Bank | |
| Signal Financial Federal Credit Union | |
| Somerset Trust Company | |
| State Employees Credit Union | |
| Stearns Bank National Association | |
| TCF National Bank | |
| TD Bank, National Association | |
| The Bancorp Bank | |
| The Bank of Glen Burnie | |
| The Bank of Romney | |
| The Canandaigua National Bank and Trust Com | |
| The Chesapeake Bank & Trust Company | |
| The Citizens Bank | |
| The Farmers Bank of Willards | |
| The Grant County Bank | |
| The Harbor Bank of Maryland | |
| The Huntington National Bank Municipal Employees Credit Union of Baltimore | |
| The Park National Bank | |
| The Peoples Bank | |
| The Piedmont Bank | |
| The Queenstown Bank of Maryland | |
| Thrivent FCU | |
| Truist Bank d/b/a Branch Banking & Trust Co | |
| Trustmark National Bank | |
| United Bank | |
| United Community Bank | |
| Vibrant CU | |
| Virginia Partners Bank | |
| WesBanco Bank, Inc. | |
| Westfield Bank, FSB | |
| Wilmington Savings Fund Society, FSB | |
| Wintrust Bank, National Association | |
| Woodsboro Bank | |
| Alternative Lenders | |
| BlueVine | |
| Funding Circle | |
| Intuit | |
| Lendio | |
| Lendistry | |
| LoanBuilder | |
| Kabbage | |
| On Deck | |
| PayPal | |
| Square |
Frequently Asked Questions
Q: What are SBA loans and how do they work in Maryland?
A: SBA loans are government-backed loans provided through approved lenders in Maryland. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to Maryland small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables Maryland entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to Maryland businesses?
A: Maryland businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in Maryland?
A: To qualify for an SBA loan in Maryland, businesses typically need:
- For-profit operation based in Maryland
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do Maryland SBA lenders support businesses in the federal contracting ecosystem?
A: Maryland’s proximity to the nation’s capital has created specialized SBA lending expertise for government contractors. Several Maryland lenders have developed industry-specific loan packages designed for IT service providers, defense contractors, cybersecurity firms, and professional services companies serving federal agencies. These lenders understand the unique cash flow patterns of government contracts and can structure loans to accommodate procurement cycles and contract transitions. Some Maryland SBA lenders coordinate with the Maryland Procurement Technical Assistance Center and industry associations to provide comprehensive support. These specialized lending programs have helped Maryland businesses compete for and fulfill government contracts by financing the working capital, bonding requirements, and infrastructure needed to serve federal clients, with particular attention to helping small businesses navigate set-aside programs and compliance requirements.
Q: Are there special SBA loan programs for Maryland’s technology and innovation businesses?
A: Yes, Maryland’s robust technology sector benefits from specialized SBA lending expertise. Several Maryland lenders offer tailored loan packages for biotech companies, cybersecurity firms, software developers, and health IT innovators. These lenders understand the capital-intensive nature of technology development and can structure loans for equipment, facilities, and growth capital needs. Some Maryland SBA lenders coordinate with organizations like TEDCO, the Maryland Tech Council, and university technology transfer offices to provide comprehensive support. These specialized programs have helped strengthen Maryland’s innovation ecosystem by financing businesses that commercialize research from institutions like Johns Hopkins, the University of Maryland, and federal laboratories, with particular attention to bridging the gap between early research funding and commercial scalability in the state’s strategic technology clusters.
Q: How do Maryland SBA lenders help businesses in the Chesapeake Bay maritime and seafood industries?
A: Maryland’s iconic Chesapeake Bay has influenced local SBA lending practices. Several Maryland lenders offer industry-specific loan packages designed for seafood processors, aquaculture operations, maritime service providers, and bay-oriented tourism businesses. These lenders understand the seasonal nature of many bay-related businesses and can structure loans with flexible payment schedules aligned with harvest seasons and tourism patterns. Some Maryland lenders coordinate with organizations like the Maryland Department of Natural Resources and the Maryland Watermen’s Association to provide comprehensive support. These specialized lending programs have helped Maryland’s traditional maritime industries evolve amid changing environmental conditions and market demands by financing sustainable practices, value-added processing, and diversification strategies that preserve both the bay’s resources and Maryland’s rich maritime heritage.
Q: Can healthcare and life sciences businesses in Maryland access specialized SBA financing?
A: Yes, Maryland’s world-class healthcare sector benefits from specialized SBA lending expertise. Several Maryland lenders offer tailored loan packages for medical practices, diagnostic laboratories, behavioral health providers, senior care facilities, and health technology companies. These lenders understand healthcare reimbursement models and can structure loans to accommodate the cash flow patterns typical in this sector. Some Maryland SBA lenders coordinate with organizations like the Maryland Healthcare Commission and the BioBuzz community to provide comprehensive support. These specialized programs align with Maryland’s position as a global health innovation hub by financing the ecosystem of businesses that complement major institutions like NIH, FDA, Johns Hopkins Medicine, and University of Maryland Medical System, with particular attention to businesses addressing health disparities and expanding access to care in underserved communities.
Q: How do Maryland SBA lenders support minority and women-owned businesses?
A: Maryland’s diverse business landscape has influenced local SBA lending practices. Several Maryland SBA lenders have developed specialized programs focused on expanding capital access for minority and women entrepreneurs, particularly in Baltimore City and Prince George’s County. These lenders often coordinate with organizations like the Maryland SBDC, TEDCO’s Builder Fund, and the Maryland Women’s Business Center to provide comprehensive support. Some Maryland lenders participate in the SBA Community Advantage program, focusing specifically on underserved markets. These specialized lending programs align with Maryland’s commitment to inclusive economic development by providing culturally competent services, multilingual support, and flexible underwriting that recognizes the unique challenges faced by historically underrepresented entrepreneurs while leveraging the state’s diverse talent pool and consumer markets.
Q: Are there specialized SBA loan programs for Maryland’s hospitality and tourism businesses?
A: Yes, Maryland’s diverse tourism assets have created specialized lending expertise for hospitality businesses. Several Maryland lenders offer tailored loan packages for hotels, restaurants, tour operators, and attractions throughout the state’s distinct tourism regions from Ocean City to Western Maryland. These lenders understand the seasonal nature of many tourism businesses and can structure loans with flexible payment schedules aligned with visitor patterns. Some Maryland SBA lenders coordinate with the Maryland Office of Tourism Development and destination marketing organizations to help businesses access both financing and industry support. These specialized programs have supported Maryland’s evolving tourism economy by financing businesses that enhance visitor experiences, extend seasonal operations, and develop authentic attractions that showcase the state’s diverse cultural and natural heritage, from coastal resorts to historic sites and outdoor recreation destinations.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.