Maryland · Finance & Insurance
SBA loans for finance & insurance in Maryland
272 loans worth $88.8M approved since FY2010 for finance and insurance projects located in Maryland.
Loans
272
Approved
$88.8M
Median loan
$150,000
-25% vs sector nationally
Median rate
7.25%
Jobs supported
1,405
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to finance & insurance in Maryland
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 31 | $23.0M | |
| Manufacturers and Traders Trust Company | 93 | $13.8M | |
| Truist Bank | 5 | $6.9M | |
| Firstrust Savings Bank | 4 | $4.0M | |
| Business Finance Group, Inc. | 10 | $3.8M | |
| Metro City Bank | 2 | $3.5M | |
| Readycap Lending, LLC | 7 | $2.7M | |
| United Midwest Savings Bank | 3 | $2.3M |
Detail
Which industries inside the sector
All SBA lending in Maryland
15,222 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Maryland?
- 272 SBA loans totalling $88,842,200 have been approved for finance and insurance projects in Maryland since FY2010.
- Which lenders finance finance & insurance in Maryland?
- The most active by dollars approved are Live Oak Banking Company, Manufacturers and Traders Trust Company, Truist Bank, Firstrust Savings Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in Maryland?
- The median approval is $150,000, 25% below the national median for this sector ($200,000).
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