{"citation":"SBA loans to custom software development firms in Maryland. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/custom-computer-programming-services/maryland/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/industries/custom-computer-programming-services/maryland/","title":"SBA loans to custom software development firms in Maryland","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"recent","from":"2023-10-01","to":"2026-06-30"},"state":{"code":"MD","name":"Maryland"},"industry":{"naics":"541511","name":"Custom Computer Programming Services","url":"/industries/custom-computer-programming-services/"},"loans":33,"dollars_approved":10163700,"measures":{"share_of_all_loans_pct":{"state":1.079,"national":0.517,"reading":"Clearly higher"},"median_loan":{"state":100000,"national":185000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":50000,"p75":150000},"national":{"p25":93500,"p75":354300}},"startup_pct":{"state":null,"national":4.3,"reading":"n/a"},"new_pct":{"state":39.4,"national":12.6,"reading":"Clearly higher"},"existing_pct":{"state":45.5,"national":78.7,"reading":"Clearly lower"},"ownership_pct":{"state":0.0,"national":3.9,"reading":"No clear gap"},"express_pct":{"state":69.7,"national":36.9,"reading":"Clearly higher"},"loc_pct":{"state":60.6,"national":30.3,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":3.0,"national":3.0}},"clear_gaps":["existing","express","loc","share"],"top_lenders":{"M&T Bank":16},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}