SBA Loans for Electrical Contractors in Maryland: Top Lenders
NAICS 238NAICS 238 covers flooring 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 flooring 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 |
|---|---|---|---|---|
| 2025-12 | Manufacturers and Traders Trust Company | Mik*****nc. | JOPPA, MD | $25,000 |
| 2025-12 | Manufacturers and Traders Trust Company | CO-*****LLC | CONOWINGO, MD | $30,000 |
| 2025-11 | Mission Valley Bank | Bud*****uth | ANNAPOLIS, MD | $1,647,800 |
| 2025-11 | Readycap Lending, LLC | J&L*****INC | Sykesville, MD | $50,000 |
| 2025-11 | Celtic Bank Corporation | Wor*****nc. | SALISBURY, MD | $150,000 |
| 2025-11 | First Savings Bank | Koa***** DC | SILVER SPRING, MD | $625,000 |
| 2025-11 | Manufacturers and Traders Trust Company | LGR*****LLC | PARKVILLE, MD | $45,000 |
| 2025-09 | United Midwest Savings Bank National Association | JOH*****and | Valley Lee, MD | $150,000 |
| 2025-09 | First National Bank of Pennsylvania | Gem*****LLC | CHARLOTTE HALL, MD | $5,000,000 |
| 2025-09 | TD Bank, National Association | Rem*****LLC | NOTTINGHAM, MD | $250,000 |
| 2025-09 | Newtek Bank, National Association | Ner*****LLC | Cheverly, MD | $350,000 |
| 2025-09 | First Command Bank | Alo*****any | BALTIMORE, MD | $207,800 |
| 2025-09 | CenTrust Bank, A Division of SmartBiz Bank National Associat | LMN*****nc. | FOREST HILL, MD | $350,000 |
| 2025-09 | Celtic Bank Corporation | HPD*****ORS | Kensington, MD | $150,000 |
| 2025-09 | Manufacturers and Traders Trust Company | PEA*****LLC | MCDANIEL, MD | $50,000 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | JD *****nc. | LUTHERVILLE TIMONIUM, MD | $150,000 |
| 2025-08 | United Midwest Savings Bank National Association | UTO*****nty | White Marsh, MD | $255,000 |
| 2025-07 | Brookline Bank, a Division of Beacon Bank and Trust | Cha*****LLC | BOWIE, MD | $890,000 |
| 2025-06 | Leader Bank, National Association | Fed*****LLC | MOUNT RAINIER, MD | $1,232,200 |
| 2025-05 | Northeast Bank | BRE*****NC. | Ellicott City, MD | $300,000 |
| 2025-05 | Manufacturers and Traders Trust Company | Avl*****lis | BOWIE, MD | $55,000 |
| 2025-05 | Lendistry SBLC, LLC | CBS*****LLC | Hagerstown, MD | $219,700 |
| 2025-05 | Manufacturers and Traders Trust Company | Cap*****LLC | BELTSVILLE, MD | $250,000 |
| 2025-04 | TD Bank, National Association | Was*****LLC | CLARKSBURG, MD | $25,000 |
| 2025-04 | Manufacturers and Traders Trust Company | Ken*****LLC | CAMBRIDGE, MD | $125,000 |
| 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 |
| 2025-03 | Readycap Lending, LLC | MAY*****LLC | Baltimore, MD | $500,000 |
| 2025-03 | Manufacturers and Traders Trust Company | REN*****LLC | GREENSBORO, MD | $45,000 |
| 2025-03 | Manufacturers and Traders Trust Company | LEG*****LLC | PRINCE FREDERICK, MD | $50,000 |
| 2025-03 | Manufacturers and Traders Trust Company | ACE*****LLC | WOODBINE, MD | $86,000 |
| 2025-03 | Manufacturers and Traders Trust Company | ACE*****LLC | WOODBINE, MD | $25,000 |
| 2025-03 | The Huntington National Bank | SUM*****TED | LANDOVER, MD | $25,000 |
| 2025-03 | Bank of America, National Association | R.C*****LLC | ROSEDALE, MD | $794,800 |
| 2025-03 | Manufacturers and Traders Trust Company | TNT*****ing | WILLIAMSPORT, MD | $15,000 |
| 2025-03 | The Huntington National Bank | SUM*****TED | LANDOVER, MD | $298,000 |
| 2025-02 | Readycap Lending, LLC | FOR*****LLC | LAUREL, MD | $150,000 |
| 2025-02 | BayFirst National Bank | PER*****ICE | CLINTON, MD | $44,000 |
| 2025-02 | PNC Bank, National Association | Ind*****LLC | PHOENIX, MD | $25,000 |
| 2025-02 | TD Bank, National Association | Rod*****any | GAITHERSBURG, MD | $18,000 |
| 2025-02 | Fulton Bank, National Association | Con*****LLC | BALTIMORE, MD | $433,000 |
| 2025-02 | Readycap Lending, LLC | ARS*****LLC | STEVENSVILLE, MD | $500,000 |
| 2025-02 | TD Bank, National Association | Leo*****LLC | GLEN BURNIE, MD | $200,000 |
| 2025-02 | Northeast Bank | COU*****LLC | Upper Marlboro, MD | $150,000 |
| 2025-01 | Northeast Bank | A1 *****LLC | BALTIMORE, MD | $250,000 |
| 2025-01 | Bank of Oak Ridge | Win*****ros | ABINGDON, MD | $386,500 |
| 2025-01 | Gulf Coast Bank and Trust Company | Sur*****ink | NEW WINDSOR, MD | $50,000 |
| 2025-01 | Gulf Coast Bank and Trust Company | Sur*****ink | NEW WINDSOR, MD | $450,000 |
| 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 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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