Best Maryland SBA Lenders & Rates of 2026

Compare 110 SBA lenders in Maryland. $496.9M funded across 1,376 businesses. Average rate 10.75%. Get matched free.

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Best Maryland SBA Lenders & Rates of 2026

$496.9M
Total Funded

1,376
Loans Approved

$361K
Avg Loan Size

10.75%
Avg Interest Rate

110
Active Lenders

SBA Loans in Maryland

Maryland businesses received $496.9M in SBA 7(a) loan approvals across 1,376 businesses in 2025. With 110 active SBA lenders competing for business in Maryland, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Maryland is $361K, with rates averaging 10.75%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Maryland (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Maryland businesses:

RankLenderVolumeLoansAvg Rate
1Manufacturers and Traders Trust Company$70.1M57011.33%
2Newtek Bank, National Association$25.6M7610.86%
3Live Oak Banking Company$25.5M228.96%
4The Huntington National Bank$24.6M359.53%
5Northeast Bank$21.6M12410.88%
6Harvest Small Business Finance, LLC$19.2M209.77%
7First Internet Bank of Indiana$17.8M119.82%
8Celtic Bank Corporation$16.2M3110.27%
9Hanmi Bank$16.0M129.06%
10GBank$13.6M58.85%
11Readycap Lending, LLC$13.5M5212.08%
12Fulton Bank, National Association$8.9M209.91%
13United Midwest Savings Bank National Association$8.3M2410.07%
14TD Bank, National Association$6.5M4910.57%
15First National Bank of Pennsylvania$5.9M38.31%
16Capital Bank, National Association$5.8M79.68%
17First-Citizens Bank & Trust Company$5.8M49.56%
18Bank of America, National Association$5.6M106.87%
19Bank of Clarke$5.5M49.50%
20Univest Bank and Trust Co$5.3M1210.21%

🤝 How to Get an SBA Loan in Maryland

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Maryland and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Maryland SBA Lenders

Ready to apply for an SBA loan in Maryland? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

Picture of Ishan Jetley

Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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