The Harbor Bank of Maryland
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Harbor Bank of Maryland · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 624410 | Child Care Services | 5 | $736K | $147K | 4.8% |
| 722511 | Full-Service Restaurants | 3 | $3.1M | $1.0M | 2.9% |
| 722410 | Drinking Places (Alcoholic Beverages) | 3 | $1.3M | $428K | 2.9% |
| 812320 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $315K | $105K | 2.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 2 | $500K | $250K | 1.9% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $243K | $122K | 1.9% |
| 811111 | General Automotive Repair | 2 | $80K | $40K | 1.9% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 2 | $225K | $113K | 1.9% |
| 484210 | Used Household and Office Goods Moving | 2 | $564K | $282K | 1.9% |
| 313210 | Broadwoven Fabric Mills | 1 | $160K | $160K | 1.0% |
Geographic Distribution
SBA lending activity for The Harbor Bank of Maryland by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 95 | $19.7M | 90.5% |
| District of Columbia (DC) | 7 | $3.7M | 6.7% |
| Virginia (VA) | 1 | $747K | 1.0% |
| Florida (FL) | 1 | $464K | 1.0% |
| Pennsylvania (PA) | 1 | $138K | 1.0% |
Why Choose The Harbor Bank of Maryland?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 105 SBA loans approved, totaling $24.8M in financing
- ✓Industry Expertise: Specialized focus on Child Care Services, Full-Service Restaurants, Drinking Places (Alcoholic Beverages)
- ✓Competitive Terms: Average interest rate of 7.25% with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $10K to $3.1M, with an average of $236K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in MD, DC, PA
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 Harbor Bank of Maryland SBA lending
What types of businesses does The Harbor Bank of Maryland typically finance?
The Harbor Bank of Maryland specializes in SBA 7(a) lending to specific industries including child care services, full-service restaurants, drinking places (alcoholic beverages), drycleaning and laundry services (except coin-operated). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Harbor Bank of Maryland's typical SBA loan terms?
The Harbor Bank of Maryland's SBA 7(a) loans typically feature an average interest rate of 7.25% and average term length of 98 months (approximately 8 years). Loan sizes range from $10K to $3.1M, with an average loan size of $236K.
Do I need a business valuation for a The Harbor Bank of Maryland SBA loan?
Yes, The Harbor Bank of Maryland 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 Harbor Bank of Maryland compare to other SBA lenders?
The Harbor Bank of Maryland has originated 105 SBA loans totaling $24.8M since 1991. 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 Harbor Bank of Maryland lend in?
The Harbor Bank of Maryland provides SBA 7(a) financing with particularly strong presence in MD, DC, PA, FL, VA. 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.
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Certified valuations are often required for SBA loans over $250,000.
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