County36th of 88 in Ohio by approvalsFIPS 39043
SBA loans in Erie 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 Erie County, Ohio, received 85 SBA loan approvals worth $32.9M in FY2021 to FY2025 (77 7(a), 8 504).
That is 47.2 approvals per 1,000 business establishments (1,802 establishments in 2023), below the Ohio figure of 72.3 and above the national 41.0.
It ranks 36th of 88 Ohio counties with approvals. In FY2025 there were 13, down 35% on FY2024.
23 lenders had approvals here; the most active were The Huntington National Bank (48), KeyBank National Association (6) and Growth Capital Corp. (5). The most common industry was restaurants and other eating places.
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 Erie County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 48 | $4.3M | 56.5% | |
| 2 | KeyBank National AssociationCleveland, OH | 6 | $2.2M | 7.1% | |
| 3 | Growth Capital Corp.Cleveland, OH · CDC | 5 | $10.5M | 5.9% | |
| 4 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $4.8M | 3.5% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.4% | |
| 6 | Northeast BankLewiston, ME | 2 | — | 2.4% | |
| 7 | Fifth Third BankCincinnati, OH | 2 | — | 2.4% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.4% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 1 | — | 1.2% | |
| 10 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 1 | — | 1.2% | |
| 11 | Enterprise Bank & TrustClayton, MO | 1 | — | 1.2% | |
| 12 | Civista BankSandusky, OH | 1 | — | 1.2% | |
| 13 | The Genoa Banking CompanyGenoa, OH | 1 | — | 1.2% | |
| 14 | Ohio Statewide Development CorporationColumbus, OH · CDC | 1 | — | 1.2% | |
| 15 | Northwest Ohio Development Assistance CorporationToledo, OH · CDC | 1 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 8.2% | |
| 2 | Traveler AccommodationNAICS 7211 | 5 | 5.9% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 5.9% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 5.9% | |
| 5 | Other Motor Vehicle DealersNAICS 4412 | 3 | 3.5% | |
| 6 | Health and Personal Care StoresNAICS 4461 | 3 | 3.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.5% | |
| 8 | Building Material and Supplies DealersNAICS 4441 | 3 | 3.5% | |
| 9 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 2.4% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 19 | 22.4% | |
| 2 | Accommodation and Food Services | 16 | 18.8% | |
| 3 | Construction | 12 | 14.1% | |
| 4 | Professional, Scientific, and Technical Services | 6 | 7.1% | |
| 5 | Other Services (except Public Administration) | 6 | 7.1% | |
| 6 | Manufacturing | 5 | 5.9% | |
| 7 | Transportation and Warehousing | 4 | 4.7% | |
| 8 | Health Care and Social Assistance | 4 | 4.7% |
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* | 9 | $7.8M | $60K | 1 | — | 10 | 108 |
| FY2025 | 12 | $1.6M | $100K | 1 | — | 13 | 53 |
| FY2024 | 20 | $7.8M | $150K | 0 | — | 20 | 164 |
| FY2023 | 24 | $4.3M | $60K | 1 | — | 25 | 284 |
| FY2022 | 11 | $5.2M | $30K | 1 | — | 12 | 146 |
| FY2021 | 10 | $2.1M | $75K | 5 | $6.1M | 15 | 71 |
| FY2020 | 16 | $10.9M | $200K | 1 | — | 17 | 141 |
| FY2019 | 10 | $5.3M | $183K | 3 | $4.7M | 13 | 265 |
| FY2018 | 12 | $4.4M | $179K | 0 | — | 12 | 156 |
| FY2017 | 20 | $5.5M | $150K | 0 | — | 20 | 138 |
| FY2016 | 13 | $1.8M | $123K | 0 | — | 13 | 87 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 75 approvals.
Against Ohio and the country
| FY2021–FY2025 | Erie County | Ohio | United States |
|---|---|---|---|
| Approvals | 85 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 47.2 | 72.3 | 41.0 |
| Median 7(a) approval | $76K | $99K | $190K |
| Median 504 approval | $614K | $496K | $657K |
| Average approval | $387K | $336K | $573K |
| 504 share of approvals | 9.4% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 8.1 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less38.8%33
- $50,001 to $150,00023.5%20
- $150,001 to $350,00016.5%14
- $350,001 to $1 million9.4%8
- $1 million to $2 million8.2%7
- Over $2 million3.5%3
Age of the businesses
- Existing, more than 2 years old68.2%58
- New business, 2 years or less9.4%8
- Startup, loan funds will open the business12.9%11
- Change of ownership9.4%8
Questions and answers
Which lenders make the most SBA loans in Erie County?
By approvals in FY2021 to FY2025: The Huntington National Bank (48), KeyBank National Association (6), Growth Capital Corp. (5), United Midwest Savings Bank National Association (3), Newtek Bank, National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Erie County?
The median 7(a) approval was $76K and the median 504 approval $614K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Erie County?
Restaurants and Other Eating Places (7); Traveler Accommodation (5); Other Specialty Trade Contractors (5); Foundation, Structure, and Building Exterior Contractors (5); Other Motor Vehicle Dealers (3).
Is SBA lending in Erie County rising?
Approvals in the three latest complete fiscal years total 58, against 44 in the three before: rising (+32%).
How does Erie County compare with the rest of Ohio?
47.2 approvals per 1,000 establishments against 72.3 statewide, and 85 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