Local lending data
Who lends to businesses in Prince Georges County?
539 SBA 7(a) loans went to businesses in Prince Georges County recently, at a median of $142,000. The lenders that made them, ranked, with local rates and startup share.
539 SBA 7(a) loans went to businesses in Prince Georges County in the most recent fiscal years, at a median of $142,000. The most active lender was Manufacturers and Traders Trust Company, with 154 loans.
SBA lending in Prince Georges County, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans that were actually approved to businesses in this county, not advertised ranges.
| Measure | Prince Georges County | Maryland | National |
|---|---|---|---|
| Loans approved | 539 | 3,875 | 214,102 |
| Median loan | $142,000 | $125,000 | $150,000 |
| 25th - 75th percentile | $43,500 - $350,000 | $45,000 - $350,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years | 10 years |
| Median initial rate | 11.00% | 10.75% | 10.25% |
| Share to startups | 33.2% | 39.4% | 33.6% |
| Charge-off rate, FY2010-19 | 9.8% | 8.1% | 7.1% |
| Jobs supported | 5,641 | 40,219 | 2,142,602 |
Which lenders actually funded them
Ranked by loans approved to businesses in Prince Georges County. The median, startup share and rate columns describe each lender's own loans in this county, not its national averages.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 154 | $50,000 | 41% | 11.74% |
| TD Bank | 54 | $45,000 | 26% | 11.50% |
| Readycap Lending, LLC | 30 | $50,000 | 13% | 14.25% |
| Newtek Bank | 29 | $150,000 | 17% | 11.25% |
| The Huntington National Bank | 24 | $250,000 | 46% | 10.25% |
| Northeast Bank | 20 | $76,150 | 10% | 10.75% |
| United Midwest Savings Bank | 14 | $150,000 | 71% | 10.62% |
| Live Oak Banking Company | 14 | $616,500 | 36% | 9.50% |
| BayFirst National Bank | 12 | $100,000 | 0% | 12.12% |
| Hanmi Bank | 12 | $987,500 | 17% | 9.38% |
What stands out here
Reading these figures against the national picture:
- Loan sizes are typical. The median of $142,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 33% against 34% nationally.
- One lender dominates. Manufacturers and Traders Trust Company alone made 29% of these loans, and the top three made 44%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- Rates run higher here. The median initial rate of 11.00% is 0.75 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 9.8% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Who borrows in Prince Georges County
The mix of industries taking SBA loans here, led by professional services.
| Sector | Loans | Share |
|---|---|---|
| Professional Services | 98 | 18.2% |
| Construction | 72 | 13.4% |
| Healthcare | 71 | 13.2% |
| Personal Services | 66 | 12.2% |
| Restaurants and Hotels | 58 | 10.8% |
| Retail | 42 | 7.8% |
| Admin Services | 40 | 7.4% |
| Trucking | 24 | 4.5% |
How to use this
- Shortlist three lenders from the table whose median loan in this county is close to what you need. Size match matters more than brand.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year — see choosing an SBA lender.
- Check your coverage first with the affordability calculator, so you ask for a number your cash flow supports.
- Follow your sector link in the table above for lender data specific to your industry across Maryland.
Other counties in Maryland
- Nearby markets with published data: Montgomery County, Baltimore County, Anne Arundel County, Baltimore City, Howard County, Frederick County, Harford County, Carroll County