The Bank of Glen Burnie
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Bank of Glen Burnie
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 8 | $6.6M | $825K | 33.3% |
| 312120 | Breweries | 8 | $6.4M | $800K | 33.3% |
| 441320 | Tire Dealers | 8 | $18.0M | $2.3M | 33.3% |
Geographic Distribution
SBA lending activity for The Bank of Glen Burnie by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 24 | $31.0M | 100.0% |
Why Choose The Bank of Glen Burnie?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $31.0M in financing
- ✓Industry Expertise: Specialized focus on Automotive Body, Paint, and Interior Repair and Maintenance, Breweries, Tire Dealers
- ✓Competitive Terms: Average interest rate of 6.17% with flexible term lengths averaging 222 months
- ✓Loan Range: Loan sizes from $800K to $2.3M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MD
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about The Bank of Glen Burnie SBA lending
What types of businesses does The Bank of Glen Burnie typically finance?
The Bank of Glen Burnie specializes in SBA 7(a) lending to specific industries including automotive body, paint, and interior repair and maintenance, breweries, tire dealers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Bank of Glen Burnie's typical SBA loan terms?
The Bank of Glen Burnie's SBA 7(a) loans typically feature an average interest rate of 6.17% and average term length of 222 months (approximately 19 years). Loan sizes range from $800K to $2.3M, with an average loan size of $1.3M.
Do I need a business valuation for a The Bank of Glen Burnie SBA loan?
Yes, The Bank of Glen Burnie typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does The Bank of Glen Burnie compare to other SBA lenders?
The Bank of Glen Burnie has originated 24 SBA loans totaling $31.0M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does The Bank of Glen Burnie lend in?
The Bank of Glen Burnie provides SBA 7(a) financing with particularly strong presence in MD. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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