Best SBA Lenders in Frederick, MD (2026)
2025 FOIA data: top lenders, rates & industries for Frederick SBA loans
SBA Loans in Frederick, Maryland
Looking for an SBA loan in Frederick, Maryland? Based on 2025 FOIA data, 59 SBA 7(a) loans were funded in Frederick totaling $36.6M, supporting an estimated 610 jobs. With 22 active lenders competing for business in the Frederick market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Frederick is $621K at an average rate of 10.85%. The top lender in Frederick is United Community Bank, with the most-funded industry being Offices of Dentists. See all Maryland SBA lenders for statewide rankings.
SBA Loans in Frederick by Business Type
Whether you’re starting a new business in Frederick, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 31% of SBA loans in Frederick (9 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 24% (5 loans) — if you’re looking to buy a business in Frederick, this is a proven use case for SBA financing. Existing businesses make up 25% and typically receive the most favorable terms.
Top SBA Lenders in Frederick, MD (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Frederick businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | United Community Bank | $5.0M | 1 | 7.5% |
| 2 | The Huntington National Bank | $5.0M | 1 | 6.99% |
| 3 | Potomac Bank | $4.6M | 1 | 9.5% |
| 4 | Manufacturers and Traders Trust Company | $4.0M | 29 | 11.09% |
| 5 | Bank of Clarke | $3.8M | 2 | 9.38% |
| 6 | Enterprise Bank & Trust | $3.6M | 1 | 8.25% |
| 7 | ACNB Bank | $3.2M | 1 | 9.5% |
| 8 | First-Citizens Bank & Trust Company | $1.4M | 1 | 9.75% |
| 9 | Northeast Bank | $1.2M | 6 | 11.96% |
| 10 | United Midwest Savings Bank National Association | $1.1M | 1 | 10.75% |
The top lenders in Frederick have direct experience with local businesses and understand the Frederick market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Frederick and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Frederick
One 5-minute application. 22+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Frederick
These are the industries that received the most SBA 7(a) funding in Frederick in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Offices of Dentists | 3 | $10.5M |
| Fitness and Recreational Sports Centers | 5 | $4.9M |
| Other Computer Related Services | 1 | $4.6M |
| Full-Service Restaurants | 3 | $3.2M |
| Hardware Merchant Wholesalers | 1 | $3.2M |
| Other Scientific and Technical Consulting Services | 1 | $1.4M |
| Other Activities Related to Real Estate | 1 | $1.3M |
| Offices of Certified Public Accountants | 1 | $1.1M |
| Retail Bakeries | 2 | $900K |
| Limited-Service Restaurants | 1 | $878K |
Lenders with experience funding your specific industry in Frederick understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Frederick
Option 1: Apply directly to one of the top Frederick lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Frederick-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
How many SBA loans were funded in Frederick in 2025?
Can I get an SBA loan to start a business in Frederick?
Who is the top SBA lender in Frederick?
What is the average SBA loan rate in Frederick?
Ready to Apply for an SBA Loan in Frederick?
50+ lenders competing for your deal. Better rates, faster closing. No fees.
Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
