Best SBA Lenders in Hyattsville, MD (2026)
2025 FOIA data: top lenders, rates & industries for Hyattsville SBA loans
SBA Loans in Hyattsville, Maryland
Looking for an SBA loan in Hyattsville, Maryland? Based on 2025 FOIA data, 20 SBA 7(a) loans were funded in Hyattsville totaling $15.9M, supporting an estimated 567 jobs. With 11 active lenders competing for business in the Hyattsville market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Hyattsville is $793K at an average rate of 10.64%. The top lender in Hyattsville is Milestone Bank, with the most-funded industry being Administrative Management and General Management Consulting Services. See all Maryland SBA lenders for statewide rankings.
SBA Loans in Hyattsville by Business Type
Whether you’re starting a new business in Hyattsville, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 9% of SBA loans in Hyattsville (1 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 60% (5 loans) — if you’re looking to buy a business in Hyattsville, this is a proven use case for SBA financing. Existing businesses make up 30% and typically receive the most favorable terms.
Top SBA Lenders in Hyattsville, MD (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Hyattsville businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Milestone Bank | $4.3M | 2 | 10.25% |
| 2 | Newtek Bank, National Association | $3.0M | 2 | 10.5% |
| 3 | Merchants Bank of Indiana | $2.6M | 1 | 10% |
| 4 | Dogwood State Bank | $2.6M | 1 | 10% |
| 5 | Enterprise Bank & Trust | $990K | 1 | 9.5% |
| 6 | Manufacturers and Traders Trust Company | $590K | 6 | 11.91% |
| 7 | Northeast Bank | $576K | 2 | 10.62% |
| 8 | JPMorgan Chase Bank, National Association | $450K | 1 | 9.55% |
| 9 | Readycap Lending, LLC | $410K | 2 | 10.75% |
| 10 | Plumas Bank | $220K | 1 | 8.5% |
The top lenders in Hyattsville have direct experience with local businesses and understand the Hyattsville 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 Hyattsville 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 Hyattsville
One 5-minute application. 11+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Hyattsville
These are the industries that received the most SBA 7(a) funding in Hyattsville 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 |
|---|---|---|
| Administrative Management and General Management Consulting Services | 2 | $4.3M |
| Coin-Operated Laundries and Drycleaners | 2 | $3.0M |
| Veterinary Services | 1 | $2.6M |
| Supermarkets and Other Grocery (except Convenience) Stores | 1 | $2.6M |
| All Other Support Services | 1 | $500K |
| Other Computer Related Services | 1 | $450K |
| Tax Preparation Services | 1 | $254K |
| Electrical Contractors | 1 | $250K |
| Tour Operators | 1 | $220K |
| Commercial and Institutional Building Construction | 1 | $200K |
Lenders with experience funding your specific industry in Hyattsville 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 Hyattsville
Option 1: Apply directly to one of the top Hyattsville 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 Hyattsville-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
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
