How many small businesses are in Maryland?

Maryland has approximately 651,000 small businesses, representing 99.5 percent of all businesses in the state. They employ 1.2 million workers — 43.1 percent of Maryland's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in Maryland?

Maryland received 1,487 SBA 7(a) loan approvals in FY2024, totaling $619 million. The average loan size was approximately $416,500. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does Maryland have a commercial financing disclosure law?

No. Maryland has not enacted a statewide commercial financing disclosure law as of 2026. Commercial lending is governed primarily by federal law and lender agreements.

What financing products work best for Maryland small businesses?

Federal contractors and tech firms use working capital lines and SBA 7(a). Healthcare and life sciences businesses access SBA 7(a) and equipment financing. Construction and logistics firms use equipment financing. The right product depends on your industry and revenue profile.

Is ClearValue Lending available in Maryland?

Yes. ClearValue Lending routes Maryland SMB applicants to lender partners operating across Baltimore, Montgomery County, Prince George's County, Annapolis, and statewide. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for Maryland SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting on the full file.

Small Business Loans in Maryland

Maryland has 651,000 small businesses employing 1.2 million workers — 43.1 percent of the state's private workforce. In FY2024, Maryland small businesses received 1,487 SBA 7(a) loans totaling $619 million, with an average loan size of approximately $416,500. Maryland's SMB economy is shaped by its position between Washington, D.C., and Baltimore — with a large federal contracting and professional services SMB concentration in Montgomery and Prince George's counties, and a diverse Baltimore-area economy spanning healthcare, manufacturing, and logistics.