The Harbor Bank of Maryland
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by The Harbor Bank of Maryland
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 16 | $18.6M | $1.2M | 22.2% |
| 312120 | Breweries | 8 | $24.7M | $3.1M | 11.1% |
| 484210 | Used Household and Office Goods Moving | 8 | $3.7M | $464K | 11.1% |
| 541219 | Other Accounting Services | 8 | $4.3M | $536K | 11.1% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 8 | $4.5M | $558K | 11.1% |
| 624410 | Child Day Care Services | 8 | $1.7M | $216K | 11.1% |
| 541211 | Offices of Certified Public Accountants | 8 | $2.1M | $257K | 11.1% |
| 459110 | Other | 8 | $2.8M | $350K | 11.1% |
Geographic Distribution
SBA lending activity for The Harbor Bank of Maryland by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 40 | $37.3M | 55.6% |
| District of Columbia (DC) | 24 | $21.4M | 33.3% |
| Florida (FL) | 8 | $3.7M | 11.1% |
Why Choose The Harbor Bank of Maryland?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 72 SBA loans approved, totaling $62.4M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Breweries, Used Household and Office Goods Moving
- ✓Competitive Terms: Average interest rate of 7.17% with flexible term lengths averaging 211 months
- ✓Loan Range: Loan sizes from $216K to $3.1M, with an average of $866K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MD, DC, FL
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 full-service restaurants, breweries, used household and office goods moving, other accounting services. 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 7.17% and average term length of 211 months (approximately 18 years). Loan sizes range from $216K to $3.1M, with an average loan size of $866K.
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 72 SBA loans totaling $62.4M 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 Harbor Bank of Maryland lend in?
The Harbor Bank of Maryland provides SBA 7(a) financing with particularly strong presence in MD, DC, FL. 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.
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Professional valuations are often required for SBA loans over $250,000.
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