Small business loans in Annapolis, MD
Short answer
The most active SBA lenders in Annapolis, MD since FY2024 are M&T Bank (19 loans) and BayFirst National Bank (5). The median loan was $150,000, and half fell between $80,000 and $435,000. For free help, see the Maryland Small Business Development Center. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 61
- approved since FY2024
- $25.36M
- median loan
- $150,000
- through SBA Express
- 36.1%
Lenders making SBA loans in Annapolis
M&T Bank made the most loans in Annapolis, 31% of the total.
| Lender | Loans | Share |
|---|---|---|
| M&T Bank | 19 | 31.1% |
| BayFirst National Bank | 5 | 8.2% |
Share is the percent of all Annapolis loans in that period. Each name links to that lender's page for Maryland where one exists.
Annapolis has two lenders with five or more loans since FY2024. Others had fewer, and the Maryland page counts 141 lenders with at least one approved loan statewide.
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Local help near Annapolis
Annapolis borrowers can start with SBA's district offices for Maryland, an SBDC or SCORE.
SBA runs two district offices that cover Maryland. Each page points to state and federal resources and to lenders in its area. The Maryland Small Business Development Center gives free counseling across Maryland.
- SBA Baltimore District Office (Baltimore City and every county except Montgomery and Prince George's)SBA district office
- SBA Washington Metropolitan Area District Office (Montgomery and Prince George's counties)SBA district office
- Maryland Small Business Development CenterSmall Business Development Center
- SCORE mentors in MarylandBusiness mentoring
Alongside SBA loans, Maryland runs three loan programs. The Maryland page describes each, and the official pages are linked here.
Loan counts and sizes in Annapolis
Annapolis ranks 9th by loans since FY2024 among the 9 Maryland cities with 100 or more SBA loans since FY2020. Nationally it is the 444th busiest of the 580 cities that reach 100 loans.
The 61 loans, 2.0% of the 3,058 in Maryland, were approved for $25.4 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $150,000, close to the national median of $150,300. Half of the loans fell between $80,000 and $435,000. The Annapolis median is 20% above the Maryland median of $125,000.
| Measure | Annapolis | Maryland | U.S. |
|---|---|---|---|
| Loans | 61 | 3,058 | 162,355 |
| Median loan | $150,000 | $125,000 | $150,300 |
| 25th percentile | $80,000 | $45,000 | $50,000 |
| 75th percentile | $435,000 | $350,000 | $500,000 |
| Via SBA Express | 36.1% | 46.7% | 35.8% |
| Lines of credit | 26.2% | 34.0% | 28.1% |
| Startups | 24.6% | 18.7% | 16.1% |
| Ownership changes | 13.1% | 8.4% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 3.0 | 2.75 |
| Charged off | Fewer than 5 | 6.4% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
77% of the loans were $500,000 or less, the size SBA Express covers. 36.1% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 26.2% of loans, close to the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 42% from FY2024 (26 loans) to FY2025 (15), the two latest full years. The busiest full year in the file was FY2024, with 26 loans. FY2026 already shows 20 loans through June 30.
Of the 37 loans Annapolis borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 583 jobs supported across the 61 loans since FY2024, about 9.6 per loan. SBA does not audit these estimates.
What businesses in Annapolis borrow for
Full-Service Restaurants was the largest borrower group in Annapolis, with 5 loans or 8.2% of the total.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 5 | 8.2% | 4.6% |
Share is the percent of all Annapolis loans in that period. Industry is the NAICS code on each loan. A name links to the Maryland page for that industry where one exists.
A typical loan payment in Annapolis
The median Annapolis loan was $150,000 with a median term of 10 years.
The median variable-rate loan in Annapolis was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $150,000 over 10 years, principal and interest would come to about $1,962 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $80,000 | $1,046 |
| Median loan | $150,000 | $1,962 |
| 75th percentile loan | $435,000 | $5,689 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $150,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Annapolis loans approved since FY2024 had a median starting rate of 10.75% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $150,000 loan and SBA Express payment calculator.
SBA 504 loans near Annapolis
Annapolis has 8 SBA 504 loans since FY2020, with $8.3 million in SBA and CDC dollars.
Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.
Business Finance Group, Inc. is the one Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on five or more loans, 6 since FY2020.
| Certified Development Company | 504 loans |
|---|---|
| Business Finance Group, Inc. | 6 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Maryland cities near Annapolis
Annapolis made up 2.0% of Maryland's SBA loans since FY2024.
Annapolis is one of 9 Maryland cities with 100 or more SBA loans since FY2020. The Maryland page covers all 3,058 loans in Maryland. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Annapolis
Which lenders make the most SBA loans in Annapolis?
M&T Bank leads with 19 loans in Annapolis since FY2024. BayFirst National Bank (5) follows. Only lenders with five or more Annapolis loans are counted.
Which industries get SBA loans in Annapolis?
Full-Service Restaurants leads with 5 loans in Annapolis since FY2024.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Baltimore District Office (Baltimore City and every county except Montgomery and Prince George's)
- SBA Washington Metropolitan Area District Office (Montgomery and Prince George's counties)
- Maryland Small Business Development Center
- SCORE, Maryland
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Annapolis, MD. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/maryland-small-business-loans/annapolis/
Ask lending partners about a loan in Annapolis
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.