Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Maryland.
In 2022 there were 87 SBA lenders that approved 793 SBA 7(a) loans for projects in Maryland totaling $345,799,300. The average loan amount was $436,065. Borrowers from 172 cities were approved for projects in Maryland for 236 industries. The SBA loan approvals in 2022 represent 8,539 jobs supported or saved in Maryland.
There were 69 franchise branded businesses receiving 94 loan approvals for $51,939,400 with an average loan amount of $552,547.
Our forecast model projects $355 million in total Maryland SBA 7(a) loan approval amounts in 2023 with $63 million to franchise businesses.
Maryland Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Maryland Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.