Burke & Herbert Bank & Trust approved 28 SBA loans worth $27.9M between October 2021 and June 2026, ranking #748 of 2,283 SBA lenders nationally by loan count. Its median loan was $469,350, and 32% went to startups or businesses under two years old. It lent in 4 states, most often in Pennsylvania, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Pennsylvania | 12 | $19.7M | $1,337,500 | #86 |
| Virginia | 10 | $6.7M | $284,000 | #75 |
| Maryland | 4 | $1.1M | $291,450 | #99 |
| Delaware | 2 | $399K | $199,600 | #51 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 7 | $300,000 | |
| Other services (repair, personal care) | 5 | $300,000 | |
| Restaurants and hotels | 4 | $291,450 | |
| Wholesale trade | 3 | $1,757,400 | |
| Professional and technical services | 2 | $1,687,500 | |
| Arts, entertainment and recreation | 2 | $1,500,000 | |
| Health care and social assistance | 2 | $1,559,600 | |
| Agriculture, forestry and fishing | 1 | $268,000 | |
| Manufacturing | 1 | $862,000 | |
| Real estate and rental | 1 | $1,315,000 |