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County39th of 88 in Ohio by approvalsFIPS 39005
SBA loans in Ashland County, Ohio
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Ashland County, Ohio, received 71 SBA loan approvals worth $12.7M in FY2021 to FY2025 (70 7(a), 1 504).
That is 69.5 approvals per 1,000 business establishments (1,021 establishments in 2023), close to the Ohio figure of 72.3 and above the national 41.0.
It ranks 39th of 88 Ohio counties with approvals. In FY2025 there were 7, down 59% on FY2024.
10 lenders had approvals here; the most active were The Huntington National Bank (59), PNC Bank, National Association (3) and JPMorgan Chase Bank, National Association (2). The most common industry was general freight trucking.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Ashland County
By number of approvals to businesses in the county, FY2021–FY2025; 10 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 59 | $6.1M | 83.1% | |
| 2 | PNC Bank, National AssociationWilmington, DE | 3 | $80K | 4.2% | |
| 3 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 2.8% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.4% | |
| 5 | Metro City BankDoraville, GA | 1 | — | 1.4% | |
| 6 | Hometown BankKent, OH | 1 | — | 1.4% | |
| 7 | Cascade Capital CorporationAkron, OH · CDC | 1 | — | 1.4% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 1 | — | 1.4% | |
| 9 | The Park National BankNewark, OH | 1 | — | 1.4% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 9 | 12.7% | |
| 2 | Home Health Care ServicesNAICS 6216 | 5 | 7.0% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 5 | 7.0% | |
| 4 | Residential Building ConstructionNAICS 2361 | 5 | 7.0% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 7.0% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 5.6% | |
| 7 | Pesticide, Fertilizer, and Other Agricultural Chemical ManufacturingNAICS 3253 | 4 | 5.6% | |
| 8 | Traveler AccommodationNAICS 7211 | 3 | 4.2% | |
| 9 | Personal and Household Goods Repair and MaintenanceNAICS 8114 | 3 | 4.2% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 4.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 12 | 16.9% | |
| 2 | Other Services (except Public Administration) | 10 | 14.1% | |
| 3 | Construction | 9 | 12.7% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 8 | 11.3% | |
| 5 | Accommodation and Food Services | 7 | 9.9% | |
| 6 | Manufacturing | 5 | 7.0% | |
| 7 | Health Care and Social Assistance | 5 | 7.0% | |
| 8 | Information | 5 | 7.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 4 | $3.5M | $207K | 0 | — | 4 | 32 |
| FY2025 | 7 | $1.4M | $30K | 0 | — | 7 | 45 |
| FY2024 | 17 | $4.4M | $50K | 0 | — | 17 | 29 |
| FY2023 | 10 | $637K | $28K | 0 | — | 10 | 9 |
| FY2022 | 15 | $2.6M | $50K | 1 | — | 16 | 89 |
| FY2021 | 21 | $3.4M | $50K | 0 | — | 21 | 63 |
| FY2020 | 11 | $918K | $75K | 1 | — | 12 | 32 |
| FY2019 | 15 | $3.7M | $100K | 1 | — | 16 | 117 |
| FY2018 | 15 | $974K | $45K | 2 | — | 17 | 63 |
| FY2017 | 18 | $2.4M | $47K | 0 | — | 18 | 27 |
| FY2016 | 26 | $4.7M | $54K | 2 | — | 28 | 213 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 91 approvals.
Against Ohio and the country
| FY2021–FY2025 | Ashland County | Ohio | United States |
|---|---|---|---|
| Approvals | 71 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 69.5 | 72.3 | 41.0 |
| Median 7(a) approval | $50K | $99K | $190K |
| Median 504 approval | — | $496K | $657K |
| Average approval | $179K | $336K | $573K |
| 504 share of approvals | 1.4% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 3.3 | 8.1 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less57.7%41
- $50,001 to $150,00022.5%16
- $150,001 to $350,00012.7%9
- $350,001 to $1 million1.4%1
- $1 million to $2 million4.2%3
- Over $2 million1.4%1
Age of the businesses
- Existing, more than 2 years old81.7%58
- New business, 2 years or less7.0%5
- Startup, loan funds will open the business11.3%8
Questions and answers
Which lenders make the most SBA loans in Ashland County?
By approvals in FY2021 to FY2025: The Huntington National Bank (59), PNC Bank, National Association (3), JPMorgan Chase Bank, National Association (2), Readycap Lending, LLC (1), Metro City Bank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Ashland County?
The median 7(a) approval was $50K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Ashland County?
General Freight Trucking (9); Home Health Care Services (5); Services to Buildings and Dwellings (5); Residential Building Construction (5); Automotive Repair and Maintenance (5).
Is SBA lending in Ashland County rising?
Approvals in the three latest complete fiscal years total 34, against 49 in the three before: falling (-31%).
How does Ashland County compare with the rest of Ohio?
69.5 approvals per 1,000 establishments against 72.3 statewide, and 71 of the state's 18,439 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error