MARYLAND · NAICS 3121
Maryland's craft scene runs from Baltimore's brewing revival to the Eastern Shore and Frederick County beverage trails, where taproom economics meet production inventory cycles. Production capacity, taproom revenue, and inventory cycles make these projection-heavy deals where studies are routinely required.
FEASIBILITY TRIGGER
Production capacity, taproom revenue, and inventory cycles make these projection-heavy deals where studies are routinely required.
From FY2010 through FY2026, Maryland recorded 66 SBA-disbursed brewery, distillery, and winery loans across the 7(a) and 504 programs, representing $25.4 million in approved financing at an average loan size of $385,000. The state sits at rank #24 of 38 for brewery, distillery, and winery SBA lending volume and holds 0.9% of the national brewery, distillery, and winery dollar pool. 7(a) accounts for 97.0% of the count, 504 for the rest, with 4 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 66 |
| Approved volume | $25.4 million |
| Average loan size | $385,000 |
| 7(a) share | 97.0% |
| Approvals since FY2024 | 4 |
| State rank by loan count | #24 of 38 |
Among the 55 seasoned loans in this segment (approvals FY2010–FY2021), 14.5% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for brewery, distillery, and winery is 8.1%, against 7.3% across all industries. That performance runs above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 14.5% adverse-resolution rate against the national brewery, distillery, and winery benchmark of 8.1% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Maryland deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $385,000 across 66 loans.
Every Maryland breweries, distilleries and wineries project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Maryland projects often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, and SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Maryland's craft scene runs from Baltimore's brewing revival to the Eastern Shore and Frederick County beverage trails, where taproom economics meet production inventory cycles.
For a national view of this asset class, see our brewery, distillery, and winery SBA feasibility overview, and read our related analysis in the brewery, distillery, and winery lending research on our blog.
Compare neighboring markets: Maine, Massachusetts, Texas.
Public SBA and CDC program records, cited as program evidence
SBA 504 through Business Finance Group
Production brewery, national program evidence
Alexandria area, Virginia
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