Ohio SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Ohio
Since FY2020, 263 lenders have funded 20,308 SBA loans worth $7.2B for businesses in Ohio. Borrowers reported 168,716 jobs supported by those loans. Below is who actually writes them, how big they run, and which Ohio businesses get funded.
Most active SBA lenders in Ohio
Ranked by loans funded for Ohio projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Ohio beats a local name that rarely writes SBA loans.
| Lender | Program | OH loans since FY2020 | Since FY2025 | Median loan | Median rate |
|---|---|---|---|---|---|
| The Huntington National Bank | 7(a) | 11,672 | 1,992 | $53K | 8.93% |
| U.S. Bank, National Association | 7(a) | 720 | 267 | $40K | 8.75% |
| KeyBank National Association | 7(a) | 718 | 168 | $148K | 9.5% |
| Telhio Credit Union Inc | 7(a) | 373 | 53 | $150K | 9.5% |
| First Commonwealth Bank | 7(a) | 336 | 86 | $383K | 8.25% |
| Live Oak Banking Company | 7(a) | 270 | 91 | $810K | 8.25% |
| PNC Bank, National Association | 7(a) | 253 | 44 | $50K | 8.75% |
| Growth Capital Corp. | 504 (CDC) | 245 | 53 | $297K | n/a |
| Fifth Third Bank | 7(a) | 227 | 57 | $250K | 8.5% |
| United Midwest Savings Bank National Association | 7(a) | 210 | 69 | $150K | 9.75% |
| Peoples Bank | 7(a) | 199 | 29 | $230K | 7% |
| Alloy Development Co., Inc. | 504 (CDC) | 197 | 53 | $661K | n/a |
| Community Capital Development Corporation | 504 (CDC) | 194 | 34 | $414K | n/a |
| BayFirst National Bank | 7(a) | 190 | 39 | $150K | 12.25% |
| First Financial Bank | 7(a) | 184 | 45 | $306K | 6.25% |
| JPMorgan Chase Bank, National Association | 7(a) | 181 | 58 | $150K | 10.9% |
| Readycap Lending, LLC | 7(a) | 181 | 70 | $104K | 11.25% |
| The Community Bank | 7(a) | 175 | 23 | $59K | 6.25% |
| Newtek Bank, National Association | 7(a) | 167 | 110 | $225K | 11.25% |
| Consumers National Bank | 7(a) | 164 | 40 | $124K | 6% |
| Ohio Statewide Development Corporation | 504 (CDC) | 164 | 23 | $432K | n/a |
| WesBanco Bank, Inc. | 7(a) | 161 | 22 | $293K | 7.25% |
| Northwest Bank | 7(a) | 139 | 32 | $200K | 10.5% |
| Northeast Bank | 7(a) | 128 | 82 | $88K | 10.75% |
| Celtic Bank Corporation | 7(a) | 127 | 50 | $150K | 9.75% |
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Ohio SBA loans run
Share of Ohio 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | OH | US |
|---|---|---|
| Under $150K | 60.2% | 40.4% |
| $150K to $500K | 24.1% | 31.9% |
| $500K to $1M | 7.5% | 12.9% |
| $1M and up | 8.2% | 14.9% |
Who gets funded in Ohio
Business age on Ohio 7(a) loans. 7.1% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | OH | US |
|---|---|---|
| Established, more than 2 years | 62.8% | 55.2% |
| New, 2 years or less | 13.2% | 16.9% |
| Startup, loan opens the business | 16.8% | 16.8% |
| Change of ownership (buying a business) | 7.1% | 11.1% |
Industries Ohio SBA lenders fund most
Share of all Ohio SBA loans by industry, and how that compares with the national mix.
| Industry | OH loans | Share | Compared with US |
|---|---|---|---|
| Construction | 3,263 | 16.1% | 1.3x the national share |
| Transportation and trucking | 2,429 | 12% | 2.2x the national share |
| Restaurants and hotels | 2,407 | 11.9% | in line with national |
| Retail | 1,871 | 9.2% | 0.8x the national share |
| Personal and repair services | 1,863 | 9.2% | in line with national |
| Healthcare | 1,699 | 8.4% | 0.8x the national share |
| Manufacturing | 1,514 | 7.5% | in line with national |
| Professional services | 1,498 | 7.4% | 0.8x the national share |
The most common specific business types funded in Ohio: general freight trucking, long-distance, truckload (1,163), full-service restaurants (835), residential remodelers (694), limited-service restaurants (593), general freight trucking, local (574), landscaping services (516).
Where in Ohio the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Franklin | 2,845 | 14% |
| Cuyahoga | 2,417 | 12% |
| Hamilton | 1,453 | 7% |
| Summit | 1,280 | 6% |
| Stark | 804 | 4% |
| Montgomery | 699 | 3% |
| Lucas | 671 | 3% |
| Delaware | 621 | 3% |
7(a) or 504 in Ohio
5% of Ohio SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $499K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Ohio:
- Alloy Development Co., Inc.: 197 504 loans, median $661K
- Community Capital Development Corporation: 191 504 loans, median $415K
- Ohio Statewide Development Corporation: 164 504 loans, median $432K
- Growth Capital Corp.: 161 504 loans, median $500K
- Cascade Capital Corporation: 81 504 loans, median $737K
Ohio SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 2,207 | 133 | $758M |
| FY2021 | 2,862 | 207 | $1.2B |
| FY2022 | 3,151 | 182 | $1.1B |
| FY2023 | 3,396 | 99 | $1.0B |
| FY2024 | 3,565 | 121 | $1.1B |
| FY2025 | 2,845 | 123 | $1.2B |
| FY2026 (through June 30, 2026) | 1,328 | 89 | $815M |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in Ohio?
By funded loans since FY2020, The Huntington National Bank leads Ohio with 11,672 loans.
How big is a typical SBA loan in Ohio?
The median 7(a) loan in Ohio is $100K, and the middle half runs from $40K to $275K. The median 504 loan is $499K. Nationally the 7(a) median is $200K.
What interest rate do Ohio SBA borrowers get?
The median starting rate on Ohio 7(a) loans since FY2020 is 8.75%, against 9.25% nationally. 88% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Ohio?
Yes. 30% of Ohio 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Ohio. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.