SBA Loans for Electrical Contractors in Maryland: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Maryland. Based on historical SBA 7(a) lending data.
Total Approvals
93
in Maryland
Median Loan Size
$150,000
per approval
Recent Activity
3
last 90 days through Nov 2025
NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 93 approvals on record and a median loan size of $150,000.
Key trends & insights
- Electrical Contractors in Maryland lending is concentrated — Manufacturers AND Traders Trust Company, Bank OF America, National Association, PNC Bank, National Association together account for 61% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Manufacturers AND Traders Trust Company leads this industry with 39 approvals (47% market share) and a median loan of $50,200.
- Electrical Contractors in Maryland loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Maryland
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 39 | $50,200 | |
| 2 | 7 | $300,000 | |
| 3 | 5 | $50,000 | |
| 4 | 4 | $203,250 | |
| 5 | 4 | $62,500 | |
| 6 | 3 | $250,000 | |
| 7 | 2 | $828,700 | |
| 8 | 2 | $197,000 | |
| 9 | 2 | $2,716,500 | |
| 10 | 2 | $2,750,000 | |
| 11 | 2 | $309,500 | |
| 12 | 2 | $459,500 | |
| 13 | 2 | $112,500 | |
| 14 | 1 | $150,000 | |
| 15 | 1 | $150,000 | |
| 16 | 1 | $200,000 | |
| 17 | 1 | $300,000 | |
| 18 | 1 | $4,915,000 | |
| 19 | 1 | $250,000 | |
| 20 | 1 | $658,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Maryland
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Celtic Bank Corporation | Wor*****nc. | SALISBURY, MD | $150,000 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | JD *****nc. | LUTHERVILLE TIMONIUM, MD | $150,000 |
| 2025-07 | Brookline Bank, a Division of Beacon Bank and Trust | Cha*****LLC | BOWIE, MD | $890,000 |
| 2025-05 | Northeast Bank | BRE*****NC. | Ellicott City, MD | $300,000 |
| 2025-05 | Manufacturers and Traders Trust Company | Avl*****lis | BOWIE, MD | $55,000 |
| 2025-03 | Manufacturers and Traders Trust Company | ALL*****LLC | PARKVILLE, MD | $20,000 |
| 2025-03 | Bank of America, National Association | TMS*****LLC | HAVRE DE GRACE, MD | $400,000 |
| 2025-02 | Readycap Lending, LLC | FOR*****LLC | LAUREL, MD | $150,000 |
| 2025-02 | BayFirst National Bank | PER*****ICE | CLINTON, MD | $44,000 |
| 2025-02 | Fulton Bank, National Association | Con*****LLC | BALTIMORE, MD | $433,000 |
| 2025-02 | Readycap Lending, LLC | ARS*****LLC | STEVENSVILLE, MD | $500,000 |
| 2025-01 | Manufacturers and Traders Trust Company | EDG*****LLC | MONKTON, MD | $25,000 |
| 2025-01 | Manufacturers and Traders Trust Company | EDG*****LLC | MONKTON, MD | $50,000 |
| 2025-01 | Manufacturers and Traders Trust Company | TNT*****ing | WILLIAMSPORT, MD | $50,000 |
| 2024-12 | Northeast Bank | INL*****LLC | Oxon Hill, MD | $204,600 |
| 2024-11 | Manufacturers and Traders Trust Company | PRE*****INC | PRINCESS ANNE, MD | $45,000 |
| 2024-11 | Northeast Bank | A1 *****LLC | BALTIMORE, MD | $250,000 |
| 2024-11 | BayFirst National Bank | Pri*****nc. | ELKRIDGE, MD | $350,000 |
| 2024-11 | Manufacturers and Traders Trust Company | JU *****LLC | FREDERICK, MD | $65,000 |
| 2024-11 | Manufacturers and Traders Trust Company | JU *****LLC | FREDERICK, MD | $55,000 |
| 2024-11 | The Huntington National Bank | Jos*****LLC | HUGHESVILLE, MD | $150,000 |
| 2024-11 | Wells Fargo Bank National Association | PAT*****LLC | PASADENA, MD | $15,000 |
| 2024-11 | The Huntington National Bank | Jos*****LLC | HUGHESVILLE, MD | $769,000 |
| 2024-10 | Manufacturers and Traders Trust Company | C. *****.C. | HIGHLAND, MD | $100,000 |
| 2024-08 | Manufacturers and Traders Trust Company | H&S*****LLC | WHITE HALL, MD | $100,000 |
| 2024-08 | Manufacturers and Traders Trust Company | BRO*****LLC | ANNAPOLIS, MD | $100,000 |
| 2024-08 | Bank of America, National Association | R.C*****LLC | BALTIMORE, MD | $500,000 |
| 2024-08 | First Internet Bank of Indiana | Pay*****LLC | EDGEWATER, MD | $5,000,000 |
| 2024-08 | Readycap Lending, LLC | MAN*****ONS | Upper Marlboro, MD | $17,000 |
| 2024-08 | Readycap Lending, LLC | Wa****LED | ROCKVILLE, MD | $256,500 |
| 2024-07 | SouthState Bank, National Association | REF*****ces | DUNDALK, MD | $658,000 |
| 2024-07 | Manufacturers and Traders Trust Company | JOS*****INC | HYATTSVILLE, MD | $200,000 |
| 2024-07 | First Internet Bank of Indiana | JKM*****LLC | GAITHERSBURG, MD | $500,000 |
| 2024-05 | TD Bank, National Association | Cor*****LLC | BELTSVILLE, MD | $200,000 |
| 2024-05 | Manufacturers and Traders Trust Company | Dav*****nc. | WHITEFORD, MD | $1,035,000 |
| 2024-04 | Bank of America, National Association | DUN*****LLC | MARRIOTTSVILLE, MD | $300,000 |
| 2024-04 | Firstrust Savings Bank | HIL*****MPA | BALTIMORE, MD | $1,450,000 |
| 2024-04 | Point Breeze Credit Union | Wal*****LLC | Halethorpe, MD | $250,000 |
| 2024-02 | Manufacturers and Traders Trust Company | JDL*****LLC | TOWSON, MD | $25,000 |
| 2024-02 | Manufacturers and Traders Trust Company | Bay*****LLC | GAMBRILLS, MD | $250,000 |
| 2024-02 | Harvest Small Business Finance, LLC | Cin*****LLC | JOPPA, MD | $1,168,700 |
| 2024-02 | Manufacturers and Traders Trust Company | Pro*****ion | WHITE HALL, MD | $125,000 |
| 2024-01 | Manufacturers and Traders Trust Company | PEA*****LLC | MCDANIEL, MD | $20,000 |
| 2023-11 | VelocitySBA, LLC | Fre*****LLC | ESSEX, MD | $2,473,000 |
| 2023-11 | Bank of America, National Association | PYL*****NC. | BALTIMORE, MD | $300,000 |
| 2023-08 | TD Bank, National Association | Act*****LLC | LANHAM, MD | $25,000 |
| 2023-08 | Manufacturers and Traders Trust Company | FRO*****LLC | Baltimore, MD | $10,000 |
| 2023-08 | Manufacturers and Traders Trust Company | JP'*****LLC | MOUNT AIRY, MD | $100,000 |
| 2023-08 | TD Bank, National Association | WGV*****LLC | GAITHERSBURG, MD | $25,000 |
| 2023-08 | Citibank, N.A. | NJ *****LLC | BOWIE, MD | $30,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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