BlogRankingStateBest Maryland SBA Lenders & Rates of 2026

Best Maryland SBA Lenders & Rates of 2026

February 2, 2026
Ranking, State
1 min read

$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:

Rank Lender Volume Loans Avg Rate
1 Manufacturers and Traders Trust Company $70.1M 570 11.33%
2 Newtek Bank, National Association $25.6M 76 10.86%
3 Live Oak Banking Company $25.5M 22 8.96%
4 The Huntington National Bank $24.6M 35 9.53%
5 Northeast Bank $21.6M 124 10.88%
6 Harvest Small Business Finance, LLC $19.2M 20 9.77%
7 First Internet Bank of Indiana $17.8M 11 9.82%
8 Celtic Bank Corporation $16.2M 31 10.27%
9 Hanmi Bank $16.0M 12 9.06%
10 GBank $13.6M 5 8.85%
11 Readycap Lending, LLC $13.5M 52 12.08%
12 Fulton Bank, National Association $8.9M 20 9.91%
13 United Midwest Savings Bank National Association $8.3M 24 10.07%
14 TD Bank, National Association $6.5M 49 10.57%
15 First National Bank of Pennsylvania $5.9M 3 8.31%
16 Capital Bank, National Association $5.8M 7 9.68%
17 First-Citizens Bank & Trust Company $5.8M 4 9.56%
18 Bank of America, National Association $5.6M 10 6.87%
19 Bank of Clarke $5.5M 4 9.50%
20 Univest Bank and Trust Co $5.3M 12 10.21%

🤝 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.

http://gosbaloans.com

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.

You may also like

CONTACT US