The record behind a veil of withheld values

Salisbury, MD records 115 loans and $42.7 million from FY2017 to FY2026 and ranks 440th of 928 by loan count. For Salisbury Loan Analytics withholds the 7(a)-504 split, the cancellation ceiling, the charge-off rate and two years of counts, FY2020 and FY2021. Nothing stands in for any of them on this page, and none is nil. A cancellation floor, a few loan sizes and a lender table remain.

Median borrowing of $95,000 is only 0.46x the national median, and loans in the centre of the range begin at $42,500 and end at $350,000; 7.0% carry a franchise brand. Cancellation reached 11.0% of approvals through FY2024 as a floor. Not one tracked class appears, with 101 loans outside every class. Wicomico County, MD holds 104 loans and Somerset County, MD 11. Somerset County's 11 loans are a small addition to Wicomico County's 104, so nearly all the local precedent lies in Wicomico County, and a site in Somerset County should say so.

One bank, and dollars per loan

Manufacturers and Traders Trust Company holds 54 of the 7(a) loans, worth $4.9 million, many times the count at any other name. First Financial Bank (AR) holds 8 loans worth $8.7 million, Hebron Savings Bank 7 worth $960,000, and with Live Oak Banking Company at 5 loans for $10.4 million and Newtek Bank, National Association at 5 for $1.7 million. SBA's holder field is the source, and it cannot show how any bank decides.

Of the printed years, FY2025 is the high at 28 loans and $9.3 million, against 6 loans in FY2019 and 7 in FY2022. FY2017 had 16 loans and $11.8 million. A reader should not treat the FY2025 high as the norm.

What a Salisbury study must do

With no class precedent, no programme split and no loss rate, a study carries the entire case. It should document demand in Wicomico County for the use, keep cost proportionate to very small loans, show that the loan can close, and test debt service conservatively, including how it would perform if the leading bank declined. Valuation must hold. Wicomico and Somerset come from the 2023 delineation. The study should also note how much of the local record sits with the leading holder. Everything here is background, with no promise attached.

SBA loans in the Salisbury, MD Metro Area

Loans approved, FY2017 to FY2026	115
Gross dollars approved	$42.7 million
Median loan	$95,000
Middle half of loans, from	$42,500
Middle half of loans, to	$350,000
SBA 7(a) loans	withheld
SBA 504 loans	withheld
Franchise share of loans	7.0%
Rank among metro and micro areas by loans	440 of 928
Median loan against the national median	0.46x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	11.0%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Salisbury, MD Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	16	$11.8 million
FY2018	10	$2.6 million
FY2019	6	$1.2 million
FY2020	withheld	withheld
FY2021	withheld	withheld
FY2022	7	$2.6 million
FY2023	11	$3.0 million
FY2024	15	$2.6 million
FY2025	28	$9.3 million
FY2026	14	$2.2 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	101

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Manufacturers and Traders Trust Company	54	$4.9 million
First Financial Bank (AR)	8	$8.7 million
Hebron Savings Bank	7	$960,000
Live Oak Banking Company	5	$10.4 million
Newtek Bank, National Association	5	$1.7 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Wicomico County, MD	104
Somerset County, MD	11

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-41540.

Related feasibility study pages

Worked examples

Worked Example: SBA 504 Express Car Wash Feasibility Study in Maryland

Worked example. The project is a new express exterior tunnel car wash in Frederick County, Maryland.

State: Maryland · Asset: Car wash · Program: SBA 504

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Salisbury, MD Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Salisbury, MD Metro Area