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County51st of 88 in Ohio by approvalsFIPS 39019
SBA loans in Carroll 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 Carroll County, Ohio, received 49 SBA loan approvals worth $5.3M in FY2021 to FY2025 (47 7(a), 2 504).
That is 105.6 approvals per 1,000 business establishments (464 establishments in 2023), above the Ohio figure of 72.3 and above the national 41.0.
It ranks 51st of 88 Ohio counties with approvals. In FY2025 there were 9, down 18% on FY2024.
12 lenders had approvals here; the most active were The Huntington National Bank (34), Consumers National Bank (3) and Valley Economic Development Partners, Inc. (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 Carroll County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 34 | $2.0M | 69.4% | |
| 2 | Consumers National BankMinerva, OH | 3 | $196K | 6.1% | |
| 3 | Valley Economic Development Partners, Inc.Youngstown, OH | 2 | — | 4.1% | |
| 4 | Valley Economic Development Partners, Inc.Youngstown, OH · CDC | 2 | — | 4.1% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.0% | |
| 6 | First Commonwealth BankIndiana, PA | 1 | — | 2.0% | |
| 7 | Sutton BankAttica, OH | 1 | — | 2.0% | |
| 8 | PNC Bank, National AssociationWilmington, DE | 1 | — | 2.0% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 1 | — | 2.0% | |
| 10 | First Federal Community Bank National AssociationDover, OH | 1 | — | 2.0% | |
| 11 | Northeast BankLewiston, ME | 1 | — | 2.0% | |
| 12 | The Park National BankNewark, OH | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 6 | 12.2% | |
| 2 | Residential Building ConstructionNAICS 2361 | 6 | 12.2% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 8.2% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 4 | 8.2% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 8.2% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 3 | 6.1% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 4.1% | |
| 8 | Specialized Freight TruckingNAICS 4842 | 2 | 4.1% | |
| 9 | Building Material and Supplies DealersNAICS 4441 | 1 | 2.0% | |
| 10 | Specialty Food StoresNAICS 4452 | 1 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 19 | 38.8% | |
| 2 | Transportation and Warehousing | 10 | 20.4% | |
| 3 | Other Services (except Public Administration) | 5 | 10.2% | |
| 4 | Retail Trade | 4 | 8.2% | |
| 5 | Accommodation and Food Services | 4 | 8.2% | |
| 6 | Professional, Scientific, and Technical Services | 2 | 4.1% | |
| 7 | Manufacturing | 2 | 4.1% | |
| 8 | Arts, Entertainment, and Recreation | 1 | 2.0% |
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* | 1 | — | — | 0 | — | 1 | 54 |
| FY2025 | 8 | $557K | $60K | 1 | — | 9 | 21 |
| FY2024 | 11 | $710K | $50K | 0 | — | 11 | 12 |
| FY2023 | 12 | $2.5M | $45K | 0 | — | 12 | 30 |
| FY2022 | 10 | $907K | $45K | 0 | — | 10 | 22 |
| FY2021 | 6 | $417K | $52K | 1 | — | 7 | 13 |
| FY2020 | 8 | $718K | $45K | 1 | — | 9 | 49 |
| FY2019 | 9 | $365K | $30K | 0 | — | 9 | 4 |
| FY2018 | 9 | $857K | $40K | 0 | — | 9 | 15 |
| FY2017 | 8 | $513K | $43K | 1 | — | 9 | 40 |
| FY2016 | 21 | $4.1M | $50K | 0 | — | 21 | 148 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 57 approvals.
Against Ohio and the country
| FY2021–FY2025 | Carroll County | Ohio | United States |
|---|---|---|---|
| Approvals | 49 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 105.6 | 72.3 | 41.0 |
| Median 7(a) approval | $50K | $99K | $190K |
| Median 504 approval | — | $496K | $657K |
| Average approval | $109K | $336K | $573K |
| 504 share of approvals | 4.1% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 2.0 | 8.1 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less53.1%26
- $50,001 to $150,00030.6%15
- $150,001 to $350,00012.2%6
- $350,001 to $1 million2.0%1
- $1 million to $2 million2.0%1
Age of the businesses
- Existing, more than 2 years old83.7%41
- New business, 2 years or less8.2%4
- Startup, loan funds will open the business4.1%2
- Change of ownership4.1%2
Questions and answers
Which lenders make the most SBA loans in Carroll County?
By approvals in FY2021 to FY2025: The Huntington National Bank (34), Consumers National Bank (3), Valley Economic Development Partners, Inc. (2), Valley Economic Development Partners, Inc. (2), Live Oak Banking Company (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Carroll County?
The median 7(a) approval was $50K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Carroll County?
General Freight Trucking (6); Residential Building Construction (6); Restaurants and Other Eating Places (4); Building Equipment Contractors (4); Other Specialty Trade Contractors (4).
Is SBA lending in Carroll County rising?
Approvals in the three latest complete fiscal years total 32, against 26 in the three before: rising (+23%).
How does Carroll County compare with the rest of Ohio?
105.6 approvals per 1,000 establishments against 72.3 statewide, and 49 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