The Bank of Glen Burnie
The Bank of Glen Burnie is an active SBA lender in Maryland, a bank offering SBA-guaranteed small-business loans. Currently rated 3.6 stars across 36 Google reviews.
$11M
in SBA approvals since 2015
18
SBA loans funded
Real Estate & Property Management · General Retail · Construction & Contractors
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The Bank of Glen Burnie
The Bank of Glen Burnie offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a strong focus on the local community, this institution provides flexible financing options including SBA 7(a) loans, which are ideal for working capital, equipment purchase, or real estate acquisition. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank's commitment to small business success is reflected in their personalized service and competitive loan terms. They also support other SBA programs, making them a versatile choice for entrepreneurs looking for reliable funding sources. Whether you're a startup or an established business, they aim to facilitate your financial goals with tailored solutions and expert advice. Their primary NAICS code, 811121, indicates a focus on automotive repair and maintenance, but they serve a broad range of industries. The bank's approval amounts can go up to $825,000, providing substantial funding options for various business needs. Located at 101 Crain Hwy SE in Glen Burnie, MD, they are well-positioned to serve the local business community and beyond.
Common questions about The Bank of Glen Burnie
What is this place and what can I find here?
This is a commercial bank that provides SBA loan programs and financial services tailored to small businesses, including SBA 7(a) loans, with personalized support and flexible financing options.
Do I need an appointment or can I walk in?
Appointments are recommended to ensure dedicated service, but walk-ins may be accommodated depending on availability. It's best to call ahead to schedule a meeting.
What are the hours of operation?
The Bank of Glen Burnie's lobby operates Monday through Friday, 9:00 AM to 5:00 PM across all six branches. Confirm with your local branch before visiting.
Is there a fee to use this?
There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small businesses and residents in the Glen Burnie area, but they also support regional clients seeking SBA financing.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, but final decisions depend on overall creditworthiness and business factors.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the completeness of application and documentation provided.
Is this open on weekends?
No, The Bank of Glen Burnie is not open on weekends. All six branches operate Monday through Friday only, with no weekend hours listed.
How do I get there and where do I park?
The Bank of Glen Burnie is located in Maryland — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for The Bank of Glen Burnie, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Bank of Glen Burnie itself, which runs its own lending under its own ownership. If you work at The Bank of Glen Burnie, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The Bank of Glen Burnie — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with The Bank of Glen Burnie before applying. If you represent The Bank of Glen Burnie, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The Bank of Glen Burnie by phone at (410) 766-3300 or online at thebankofglenburnie.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with The Bank of Glen Burnie before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The Bank of Glen Burnie can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask The Bank of Glen Burnie directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether The Bank of Glen Burnie participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of Glen Burnie and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. The Bank of Glen Burnie can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. The Bank of Glen Burnie's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of Glen Burnie directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask The Bank of Glen Burnie what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask The Bank of Glen Burnie to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with The Bank of Glen Burnie to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. The Bank of Glen Burnie weighs this case by case under its own policy, so be upfront about your history and ask The Bank of Glen Burnie how it evaluates prior bankruptcies.
