US Lender Metrics Get a Lender Match

SBA lenders in Elkton, MD

SBA 7(a) and 504 loans to businesses in Elkton (Cecil County), October 2021 to June 30, 2026 · Updated October 15, 2026
27
SBA loans approved
$15.7M
Total approved
$150,000
Median loan
14
Lenders active
26%
To startups

27 SBA loans worth $15.7M went to businesses in Elkton, MD between October 2021 and June 2026, from 14 lenders. Manufacturers and Traders Trust made the most, 8 loans. The median loan was $150,000, compared with $141,500 across Maryland, and manufacturing was the most financed industry.

Most active SBA lenders in Elkton

#LenderLoansApprovedMedian loanTo startups
1Manufacturers and Traders Trust
Bank · Buffalo, NY
8$1.2M$87,50038%
2BayFirst National Bank
Bank · St. Petersburg, FL
3$450K$150,0000%
3Northeast Bank
Bank · Portland, ME
3$289K$89,2000%
4Fulton Bank
Bank · Lancaster, PA
2$3.0M$1,485,0000%
5Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$550K$275,0000%
6Climate First Bank
Bank · St. Petersburg, FL
1$5.0M$5,000,000100%
7504 Capital
Certified development company · Chesapeake, VA
1$3.2M$3,177,0000%
8Live Oak Banking
Bank · Wilmington, NC
1$1.0M$1,000,000100%
9Firstrust Savings Bank
Bank · Conshohocken, PA
1$639K$639,0000%
10First Bank of the Lake
Bank · Osage Beach, MO
1$150K$150,0000%
11Celtic Bank
Bank · Salt Lake City, UT
1$150K$150,0000%
12PNC Bank
Bank · Wilmington, DE
1$100K$100,000100%
13TD Bank
Bank · Wilmington, DE
1$50K$50,0000%
14Wells Fargo Bank
Bank · Sioux Falls, SD
1$15K$15,000100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Elkton. For 504 loans the lender shown is the certified development company.

What gets financed in Elkton

IndustryLoansShareMedian loanMost active lender
Manufacturing8
30%
$150,000BayFirst National Bank
Health care and social assistance4
15%
$175,000Manufacturers and Traders Trust
Other services (repair, personal care)4
15%
$69,600Northeast Bank
Restaurants and hotels4
15%
$526,500504 Capital
Construction3
11%
$150,000Climate First Bank
Administrative and support services2
7%
$87,500Manufacturers and Traders Trust
Arts, entertainment and recreation1
4%
$100,000PNC Bank
Professional and technical services1
4%
$55,000Manufacturers and Traders Trust
Loan size mix
  • Under $150,00044%
  • $150,000 to $500,00030%
  • $500,000 to $2 million15%
  • $2 million and up11%
Compared with Maryland
Median loan, Elkton
$150,000
Median loan, Maryland
$141,500
Startup share, Elkton
26%
Startup share, Maryland
37%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Elkton

03710FY14: 4 loansFY14FY15: 2 loansFY15FY16: 3 loansFY16FY17: 6 loansFY17FY18: 4 loansFY18FY19FY20: 3 loansFY20FY21: 5 loansFY21FY22: 5 loansFY22FY23: 3 loansFY23FY24: 4 loansFY24FY25: 10 loansFY2510FY26 (Oct to Jun): 5 loansFY265
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.