SBA Microloan Lenders in Maryland (2026 List)
There are 7 SBA-approved microloan intermediaries lending in Maryland. The SBA does not lend directly — it funds these organizations, and each one makes its own loans and its own decisions.
SBA microloans run up to $50,000, with an average around $13,000 and terms up to seven years. They are designed for businesses banks turn down: new companies, thin credit files, and owners who need working capital, equipment or inventory rather than property. Because each intermediary sets its own criteria, it is worth approaching more than one of the Maryland lenders below.
Every lender on this list asks for the same core documents: a written business plan, financial projections, a clear statement of what the money is for, and your credit history. The plan is where most applications stall.
Maryland
Baltimore Community Lending
Ascendus Inc.
The Washington Area Community Investment Fund
Maryland Capital Enterprises, Inc.
P.O. Box 213 Salisbury, MD 21803410-546-1900Life Asset Inc.
2448A 18th Street NW Washington, DC 20009Latino Economic Development Corp.
1401 Columbia Rd., NW, Unit C-1 Washington, DC 20009202-588-5102ECDC Enterprise Development Group
The business plan every one of them will ask for
Whichever Maryland lender you approach, the application asks for a business plan with financial projections. We write SBA-ready plans built for microloan applications.
