Lending data
Who actually lends to retail businesses in Maryland?
367 SBA 7(a) loans went to retail businesses in Maryland recently, at a median of $150,000. Here are the lenders that made them, ranked.
367 SBA 7(a) loans went to retail businesses in Maryland in the most recent fiscal years. The median was $150,000 over 10 years. The most active lender was Manufacturers and Traders Trust Company, with 119 loans.
What lending to retail 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 | Retail, Maryland | All 7(a) borrowers |
|---|---|---|
| Loans approved | 367 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $45,000 - $485,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.75% | 10.25% |
| Share to startups | 38.1% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 8.9% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to retail 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 | 119 | $50,000 | 52% | 11.25% |
| TD Bank | 21 | $30,000 | 33% | 11.50% |
| Hanmi Bank | 17 | $829,000 | 6% | 9.50% |
| BayFirst National Bank | 13 | $150,000 | 8% | 12.25% |
| Readycap Lending, LLC | 12 | $181,750 | 17% | 11.25% |
| Wells Fargo Bank | 12 | $15,000 | 92% | 13.75% |
| PNC Bank | 11 | $25,000 | 36% | 11.90% |
| Newtek Bank | 11 | $200,000 | 27% | 10.50% |
| The Huntington National Bank | 10 | $388,000 | 60% | 10.00% |
| Northeast Bank | 10 | $126,150 | 20% | 10.62% |
What stands out in this market
Reading the figures above against the national picture:
- Loan sizes are typical. The median of $150,000 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 38% against 34% nationally.
- One lender dominates. Manufacturers and Traders Trust Company alone made 32% of these loans, and the top three made 43%. 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 10.75% is 0.50 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Which of them lend to new businesses
Of those loans, 38.1% 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 | 62 | $50,000 | 52% | 11.25% |
| Wells Fargo Bank | 11 | $15,000 | 92% | 13.75% |
| TD Bank | 7 | $30,000 | 33% | 11.50% |
| The Huntington National Bank | 6 | $388,000 | 60% | 10.00% |
| United Midwest Savings Bank | 5 | $100,000 | 100% | 10.75% |
| PNC Bank | 4 | $25,000 | 36% | 11.90% |
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, personal services, admin services
- Retail in comparable states: Connecticut, Indiana, Missouri, Utah, Virginia, Arizona