County11th of 88 in Ohio by approvalsFIPS 39085
SBA loans in Lake 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 Lake County, Ohio, received 485 SBA loan approvals worth $148M in FY2021 to FY2025 (463 7(a), 22 504).
That is 88.1 approvals per 1,000 business establishments (5,504 establishments in 2023), above the Ohio figure of 72.3 and above the national 41.0.
It ranks 11th of 88 Ohio counties with approvals. In FY2025 there were 71, down 33% on FY2024.
40 lenders had approvals here; the most active were The Huntington National Bank (337), KeyBank National Association (25) and Growth Capital Corp. (16). 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 Lake County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 337 | $55.6M | 69.5% | |
| 2 | KeyBank National AssociationCleveland, OH | 25 | $14.8M | 5.2% | |
| 3 | Growth Capital Corp.Cleveland, OH · CDC | 16 | $15.3M | 3.3% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 13 | $3.2M | 2.7% | |
| 5 | Northwest BankWarren, PA | 10 | $3.8M | 2.1% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 6 | $3.4M | 1.2% | |
| 7 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $1.6M | 1.2% | |
| 8 | Growth Capital Corp.Cleveland, OH | 6 | $767K | 1.2% | |
| 9 | First Financial BankCincinnati, OH | 5 | $7.3M | 1.0% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $4.1M | 1.0% | |
| 11 | CNB BankClearfield, PA | 5 | $3.1M | 1.0% | |
| 12 | Fifth Third BankCincinnati, OH | 4 | $1.8M | 0.8% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 4 | $509K | 0.8% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 3 | $2.6M | 0.6% | |
| 15 | WesBanco Bank, Inc.Wheeling, WV | 3 | $1.0M | 0.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 47 | 9.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 30 | 6.2% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 26 | 5.4% | |
| 4 | General Freight TruckingNAICS 4841 | 26 | 5.4% | |
| 5 | Residential Building ConstructionNAICS 2361 | 25 | 5.2% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 19 | 3.9% | |
| 7 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 15 | 3.1% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 13 | 2.7% | |
| 9 | Personal Care ServicesNAICS 8121 | 13 | 2.7% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 11 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 84 | 17.3% | |
| 2 | Manufacturing | 61 | 12.6% | |
| 3 | Other Services (except Public Administration) | 60 | 12.4% | |
| 4 | Accommodation and Food Services | 53 | 10.9% | |
| 5 | Transportation and Warehousing | 48 | 9.9% | |
| 6 | Retail Trade | 33 | 6.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 33 | 6.8% | |
| 8 | Health Care and Social Assistance | 28 | 5.8% |
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* | 36 | $11.2M | $150K | 1 | — | 37 | 179 |
| FY2025 | 65 | $25.8M | $75K | 6 | $6.2M | 71 | 620 |
| FY2024 | 103 | $35.0M | $100K | 3 | $4.5M | 106 | 778 |
| FY2023 | 87 | $23.0M | $75K | 1 | — | 88 | 967 |
| FY2022 | 108 | $22.0M | $56K | 5 | $6.8M | 113 | 708 |
| FY2021 | 100 | $21.1M | $91K | 7 | $1.9M | 107 | 638 |
| FY2020 | 72 | $19.9M | $50K | 1 | — | 73 | 731 |
| FY2019 | 71 | $14.2M | $62K | 2 | — | 73 | 425 |
| FY2018 | 84 | $12.8M | $50K | 5 | $4.9M | 89 | 681 |
| FY2017 | 93 | $25.3M | $50K | 11 | $6.4M | 104 | 912 |
| FY2016 | 101 | $18.5M | $50K | 7 | $2.6M | 108 | 744 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 447 approvals.
Against Ohio and the country
| FY2021–FY2025 | Lake County | Ohio | United States |
|---|---|---|---|
| Approvals | 485 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 88.1 | 72.3 | 41.0 |
| Median 7(a) approval | $82K | $99K | $190K |
| Median 504 approval | $603K | $496K | $657K |
| Average approval | $304K | $336K | $573K |
| 504 share of approvals | 4.5% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 7.7 | 8.1 | 10.5 |
| Share of state approvals | 2.6% | 100.0% | — |
Approval sizes
- $50,000 or less37.9%184
- $50,001 to $150,00029.9%145
- $150,001 to $350,00015.3%74
- $350,001 to $1 million9.1%44
- $1 million to $2 million4.7%23
- Over $2 million3.1%15
Age of the businesses
- Existing, more than 2 years old70.7%343
- New business, 2 years or less12.8%62
- Startup, loan funds will open the business13.0%63
- Change of ownership3.5%17
Questions and answers
Which lenders make the most SBA loans in Lake County?
By approvals in FY2021 to FY2025: The Huntington National Bank (337), KeyBank National Association (25), Growth Capital Corp. (16), U.S. Bank, National Association (13), Northwest Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lake County?
The median 7(a) approval was $82K and the median 504 approval $603K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Lake County?
Restaurants and Other Eating Places (47); Automotive Repair and Maintenance (30); Services to Buildings and Dwellings (26); General Freight Trucking (26); Residential Building Construction (25).
Is SBA lending in Lake County rising?
Approvals in the three latest complete fiscal years total 265, against 293 in the three before: falling (-10%).
How does Lake County compare with the rest of Ohio?
88.1 approvals per 1,000 establishments against 72.3 statewide, and 485 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