Lending data
Who actually lends to personal service and repair businesses in Maryland?
433 SBA 7(a) loans went to personal service and repair businesses in Maryland recently, at a median of $100,000. Here are the lenders that made them, ranked.
433 SBA 7(a) loans went to personal service and repair businesses in Maryland in the most recent fiscal years. The median was $100,000 over 10 years. The most active lender was Manufacturers and Traders Trust Company, with 182 loans.
What lending to personal service and repair businesses in Maryland actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Personal and repair services, Maryland | All 7(a) borrowers |
|---|---|---|
| Loans approved | 433 | 214,102 |
| Median loan | $100,000 | $150,000 |
| 25th - 75th percentile | $40,000 - $350,500 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 40.6% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 9.0% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to personal service and repair businesses in Maryland. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 182 | $50,000 | 51% | 10.75% |
| The Huntington National Bank | 21 | $250,000 | 71% | 10.25% |
| Readycap Lending, LLC | 21 | $50,000 | 0% | 13.25% |
| TD Bank | 16 | $50,000 | 25% | 11.50% |
| Live Oak Banking Company | 13 | $600,000 | 54% | 9.50% |
| BayFirst National Bank | 13 | $150,000 | 8% | 12.25% |
| Newtek Bank | 13 | $100,000 | 23% | 11.25% |
| Harvest Small Business Finance, LLC | 10 | $709,300 | 10% | 10.25% |
| Hanmi Bank | 9 | $1,146,000 | 11% | 8.50% |
| Northeast Bank | 9 | $75,000 | 11% | 10.25% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $100,000 is 33% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- Startup share is about average, at 41% against 34% nationally.
- One lender dominates. Manufacturers and Traders Trust Company alone made 42% of these loans, and the top three made 52%. 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.
Which of them lend to new businesses
Of those loans, 40.6% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 93 | $50,000 | 51% | 10.75% |
| The Huntington National Bank | 15 | $250,000 | 71% | 10.25% |
| Live Oak Banking Company | 7 | $600,000 | 54% | 9.50% |
| Wells Fargo Bank | 5 | $20,000 | 83% | 13.50% |
| United Midwest Savings Bank | 5 | $218,050 | 62% | 10.25% |
| Wilmington Savings Fund Society FSB | 5 | $829,500 | 83% | 10.50% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- 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 the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Maryland: professional services, healthcare, restaurants and hotels, construction, retail, admin services
- Personal Services in comparable states: Indiana, Arizona, Minnesota, Missouri, Virginia, Utah