MARYLAND · NAICS 531130
Maryland self-storage deals turn on the dense Baltimore-Washington corridor, which combines high household formation with constrained development sites, making radius-level supply analysis decisive. Live Oak Bank's dedicated national self-storage vertical closed $111.7 million in calendar 2025, and lender packages require studies analyzing supply within a three to five mile radius, absorption, and rent benchmarks.
FEASIBILITY TRIGGER
Self-storage is special-purpose; studies analyze supply within a three to five mile radius, absorption, and rent benchmarks.
Maryland generated 10 SBA-disbursed self-storage loans between FY2010 and FY2026, worth $16.7 million in approved 7(a) and 504 financing at an average of $1.7 million per deal. Ranked #34 of 38 states for self-storage SBA volume, the state captures 0.5% of national self-storage dollars. 90.0% of the loans ran through 7(a) with 504 covering the remainder; 0 approvals have posted since FY2024.
| Disbursed loans (FY2010–FY2026) | 10 |
| Approved volume | $16.7 million |
| Average loan size | $1.7 million |
| 7(a) share | 90.0% |
| Approvals since FY2024 | 0 |
| State rank by loan count | #34 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned self-storage loans (approvals FY2010–FY2021) show an adverse-resolution rate of 1.1%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 1.1%, close to the national self-storage benchmark of 1.1%, puts Maryland deals in this class on ordinary SBA credit footing. Across 10 loans averaging $1.7 million, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Maryland self-storage 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.
The dense Baltimore-Washington corridor combines high household formation with constrained development sites, making radius-level supply analysis decisive, and Live Oak Bank's dedicated national vertical closed $111.7 million in calendar 2025.
For a national view of this asset class, see our self-storage SBA feasibility overview, and read our related analysis in the self-storage lending research on our blog. The SBA self-storage feasibility study tests pipeline supply, verified competitor occupancy and the monthly lease-up reserve.
Compare neighboring markets: Maine, Massachusetts, Texas.
Fifteen-minute scoping call, written proposal inside one business day, firm fixed fee before you sign.
Book a MeetingOur SBA feasibility study consultants prepare storage and vehicle storage studies for lenders, CDCs and sponsors. See pricing, methodology or request a fixed fee quote.
California, Texas, Florida, New York, Illinois, Georgia, New Jersey, Ohio, Pennsylvania, Michigan, Arizona, Colorado, Washington, Virginia, Minnesota, Maryland, Wisconsin, Missouri, Indiana, South Carolina, Oregon, Connecticut, Nevada, North Carolina, Tennessee, Massachusetts, Nebraska, New Mexico, West Virginia, Idaho, Montana, Maine, New Hampshire, Rhode Island, Delaware, Iowa, Kansas, Wyoming.