Best Baltimore, MD SBA Lenders & Rates of 2026

Compare 27 SBA lenders in Baltimore, MD. $33.0M funded across 119 businesses. Average rate 10.69%. Get matched free.

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Best Baltimore, MD SBA Lenders & Rates of 2026

$33.0M
Total Funded

119
Loans Approved

$278K
Avg Loan Size

10.69%
Avg Interest Rate

27
Active Lenders

SBA Loans in Baltimore, MD

Baltimore, MD businesses received $33.0M in SBA 7(a) loan approvals across 119 businesses in 2025. With 27 active SBA lenders competing for business in Baltimore, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Baltimore is $278K, with rates averaging 10.69%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Baltimore SBA Loans by Business Type

🚀 Startups
27%
$12.7M • 32 loans

🏢 Existing Businesses
67%
$17.0M • 80 loans

🔄 Acquisitions
6%
$3.3M • 7 loans

Top SBA Lenders in Baltimore, MD (2025)

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

RankLenderVolumeLoansAvg Rate
1 Manufacturers and Traders Trust Company$8.0M5811.21%
2 Fulton Bank, National Association$5.1M89.88%
3 Harvest Small Business Finance, LLC$2.8M49.59%
4 Univest Bank and Trust Co$2.6M510.20%
5 Readycap Lending, LLC$2.4M711.11%
6 Open Bank$2.0M49.44%
7 Newtek Bank, National Association$1.9M510.50%
8 Northeast Bank$1.6M610.38%
9 Hanmi Bank$976K19.50%
10 Byline Bank$900K110.25%
11 PNC Bank, National Association$501K29.85%
12 City National Bank of Florida$470K110.25%
13 Wells Fargo Bank National Association$428K16.83%
14 Firstrust Savings Bank$400K110.00%
15 22nd State Bank, A Division of 22nd State Banking Company$400K19.25%
16 Baltimore Community Lending, Inc.$350K19.25%
17 Bankwell Bank$340K110.25%
18 CenTrust Bank, A Division of SmartBiz Bank National Associat$325K110.00%
19 CDC Small Business Finance Corp.$280K210.38%
20 Celtic Bank Corporation$250K210.25%
21 TD Bank, National Association$250K112.00%
22 First Command Bank$208K19.00%
23 JPMorgan Chase Bank, National Association$190K112.30%
24 United Midwest Savings Bank National Association$150K110.25%
25 BayFirst National Bank$150K112.25%
26 Colony Bank$150K110.50%
27 WesBanco Bank, Inc.$72K110.50%

Top Industries in Baltimore

Here are the industries that received the most SBA funding in Baltimore:

SBA Loans in Maryland

Baltimore is part of Maryland‘s SBA lending market. For statewide data and more lender options, see our full Maryland SBA Lenders guide.

🤝 Why Use an SBA Broker in Baltimore?

GoSBA Loans helps Baltimore businesses access the best SBA lenders:

  • Access 27+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Baltimore
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Baltimore SBA Loan

Our team has helped hundreds of Baltimore businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Baltimore? GoSBA Loans is a trusted SBA loan broker serving businesses in Baltimore and across Maryland. Contact our Baltimore SBA specialists today for a free consultation.

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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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