Small business loans in Gaithersburg, MD
Short answer
The most active SBA lenders in Gaithersburg, MD since FY2024 are M&T Bank (35 loans) and TD Bank (11). The median loan was $195,000, and half fell between $50,000 and $465,500. For free help, see the Maryland Small Business Development Center. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 95
- approved since FY2024
- $45M
- median loan
- $195,000
- through SBA Express
- 56.8%
Lenders making SBA loans in Gaithersburg
M&T Bank made the most loans in Gaithersburg, 37% of the total.
| Lender | Loans | Share |
|---|---|---|
| M&T Bank | 35 | 36.8% |
| TD Bank | 11 | 11.6% |
Share is the percent of all Gaithersburg loans in that period. Each name links to that lender's page for Maryland where one exists.
Gaithersburg 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 Gaithersburg
Gaithersburg borrowers can start with SBA's district offices for Maryland, an SBDC or SCORE.
42% of Gaithersburg borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
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 Gaithersburg
Gaithersburg ranks 5th by loans since FY2024 among the 9 Maryland cities with 100 or more SBA loans since FY2020. Nationally it is the 229th busiest of the 580 cities that reach 100 loans.
The 95 loans, 3.1% of the 3,058 in Maryland, were approved for $45.0 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $195,000, 30% above the national median of $150,300. Half of the loans fell between $50,000 and $465,500. The Gaithersburg median is 56% above the Maryland median of $125,000.
| Measure | Gaithersburg | Maryland | U.S. |
|---|---|---|---|
| Loans | 95 | 3,058 | 162,355 |
| Median loan | $195,000 | $125,000 | $150,300 |
| 25th percentile | $50,000 | $45,000 | $50,000 |
| 75th percentile | $465,500 | $350,000 | $500,000 |
| Via SBA Express | 56.8% | 46.7% | 35.8% |
| Lines of credit | 46.3% | 34.0% | 28.1% |
| Startups | 17.9% | 18.7% | 16.1% |
| Ownership changes | 14.7% | 8.4% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.83 | 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.
81% of the loans were $500,000 or less, the size SBA Express covers. 56.8% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 46.3% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 43.2% of loans went to businesses more than two years old and 24.2% to businesses two years old or younger. Startups received 17.9% and changes of ownership 14.7%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 12% from FY2024 (40 loans) to FY2025 (35), the two latest full years. The busiest full year in the file was FY2024, with 40 loans. FY2026 already shows 20 loans through June 30.
Of the 41 loans Gaithersburg 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 862 jobs supported across the 95 loans since FY2024, about 9.1 per loan. SBA does not audit these estimates.
What businesses in Gaithersburg borrow for
Limited-Service Restaurants was the largest borrower group in Gaithersburg, with 6 loans or 6.3% of the total.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Limited-Service Restaurants | 6 | 6.3% | 3.3% |
| All Other Professional, Scientific, and Technical Services | 5 | 5.3% | 0.8% |
Share is the percent of all Gaithersburg 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 Gaithersburg
The median Gaithersburg loan was $195,000 with a median term of 10 years.
The median variable-rate loan in Gaithersburg was priced at Prime plus 2.83 percentage points at approval. At today's Prime that spread works out to 9.83%. On $195,000 over 10 years, principal and interest would come to about $2,559 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $656 |
| Median loan | $195,000 | $2,559 |
| 75th percentile loan | $465,500 | $6,108 |
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 $195,000 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).
Gaithersburg loans approved since FY2024 had a median starting rate of 10.5% 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 $200,000 loan and SBA Express payment calculator.
SBA 504 loans near Gaithersburg
Gaithersburg has 6 SBA 504 loans since FY2020, with $7.0 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.
No Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) is named on five or more 504 loans in Gaithersburg, so the list below is Maryland's. Business Finance Group, Inc. is named on the most there, 55 loans since FY2024.
| Certified Development Company | 504 loans |
|---|---|
| Business Finance Group, Inc. | 55 |
| Rappahannock Economic Development Corporation | 14 |
| 504 Capital Corporation | 9 |
| Chesapeake Business Finance Corporation | 9 |
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 Gaithersburg
Gaithersburg made up 3.1% of Maryland's SBA loans since FY2024.
Gaithersburg 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 Gaithersburg
Which lenders make the most SBA loans in Gaithersburg?
M&T Bank leads with 35 loans in Gaithersburg since FY2024. TD Bank (11) follows. Only lenders with five or more Gaithersburg loans are counted.
Which industries get SBA loans in Gaithersburg?
Limited-Service Restaurants leads with 6 loans in Gaithersburg since FY2024. All Other Professional, Scientific, and Technical Services (5) follows.
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 Gaithersburg, MD. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/maryland-small-business-loans/gaithersburg/
Ask lending partners about a loan in Gaithersburg
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.