County7th of 88 in Ohio by approvalsFIPS 39095
SBA loans in Lucas 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.
SBA approved 619 loans to businesses in Lucas County, Ohio, in FY2021 to FY2025, worth $193M: 598 under 7(a) and 21 under 504.
That is 66.7 approvals per 1,000 business establishments (9,282 establishments in 2023), close to the Ohio figure of 72.3 and above the national 41.0.
It ranks 7th of 88 Ohio counties with approvals. In FY2025 there were 138, about level with FY2024.
58 lenders had approvals here; the most active were The Huntington National Bank (403), KeyBank National Association (22) and Northwest Ohio Development Assistance Corporation (14). 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 Lucas County
By number of approvals to businesses in the county, FY2021–FY2025; 58 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 403 | $50.4M | 65.1% | |
| 2 | KeyBank National AssociationCleveland, OH | 22 | $2.2M | 3.6% | |
| 3 | Northwest Ohio Development Assistance CorporationToledo, OH · CDC | 14 | $5.9M | 2.3% | |
| 4 | Buckeye State BankPowell, OH | 13 | $4.1M | 2.1% | |
| 5 | Fifth Third BankCincinnati, OH | 10 | $6.3M | 1.6% | |
| 6 | WesBanco Bank, Inc.Wheeling, WV | 10 | $4.1M | 1.6% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 9 | $12.7M | 1.5% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 9 | $3.0M | 1.5% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 9 | $1.8M | 1.5% | |
| 10 | Northeast BankLewiston, ME | 8 | $1.9M | 1.3% | |
| 11 | Economic and Community Development InstituteColumbus, OH | 7 | $1.4M | 1.1% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 6 | $5.7M | 1.0% | |
| 13 | Lendistry SBLC, LLCLos Angeles, CA | 6 | $1.6M | 1.0% | |
| 14 | PNC Bank, National AssociationWilmington, DE | 5 | $750K | 0.8% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 4 | $11.9M | 0.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 68 | 11.0% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 34 | 5.5% | |
| 3 | General Freight TruckingNAICS 4841 | 31 | 5.0% | |
| 4 | Residential Building ConstructionNAICS 2361 | 28 | 4.5% | |
| 5 | Personal Care ServicesNAICS 8121 | 24 | 3.9% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 20 | 3.2% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 19 | 3.1% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 17 | 2.7% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 16 | 2.6% | |
| 10 | Individual and Family ServicesNAICS 6241 | 16 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 97 | 15.7% | |
| 2 | Construction | 76 | 12.3% | |
| 3 | Health Care and Social Assistance | 68 | 11.0% | |
| 4 | Professional, Scientific, and Technical Services | 58 | 9.4% | |
| 5 | Other Services (except Public Administration) | 56 | 9.0% | |
| 6 | Transportation and Warehousing | 56 | 9.0% | |
| 7 | Retail Trade | 45 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 44 | 7.1% |
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* | 46 | $21.7M | $150K | 5 | $4.4M | 51 | 641 |
| FY2025 | 132 | $44.1M | $100K | 6 | $2.1M | 138 | 893 |
| FY2024 | 135 | $31.1M | $52K | 1 | — | 136 | 967 |
| FY2023 | 103 | $19.1M | $56K | 5 | $3.7M | 108 | 779 |
| FY2022 | 127 | $46.7M | $63K | 4 | $3.6M | 131 | 918 |
| FY2021 | 101 | $38.8M | $65K | 5 | $2.5M | 106 | 968 |
| FY2020 | 78 | $39.1M | $50K | 2 | — | 80 | 801 |
| FY2019 | 75 | $29.5M | $76K | 7 | $6.7M | 82 | 875 |
| FY2018 | 100 | $32.9M | $86K | 3 | $1.2M | 103 | 1,364 |
| FY2017 | 124 | $42.2M | $60K | 3 | $1.1M | 127 | 1,072 |
| FY2016 | 110 | $17.3M | $50K | 4 | $4.9M | 114 | 656 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 506 approvals.
Against Ohio and the country
| FY2021–FY2025 | Lucas County | Ohio | United States |
|---|---|---|---|
| Approvals | 619 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 66.7 | 72.3 | 41.0 |
| Median 7(a) approval | $65K | $99K | $190K |
| Median 504 approval | $415K | $496K | $657K |
| Average approval | $311K | $336K | $573K |
| 504 share of approvals | 3.4% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 7.3 | 8.1 | 10.5 |
| Share of state approvals | 3.4% | 100.0% | — |
Approval sizes
- $50,000 or less44.1%273
- $50,001 to $150,00026.8%166
- $150,001 to $350,00012.0%74
- $350,001 to $1 million9.2%57
- $1 million to $2 million4.4%27
- Over $2 million3.6%22
Age of the businesses
- Existing, more than 2 years old60.9%377
- New business, 2 years or less12.3%76
- Startup, loan funds will open the business21.2%131
- Change of ownership5.5%34
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in Lucas County?
By approvals in FY2021 to FY2025: The Huntington National Bank (403), KeyBank National Association (22), Northwest Ohio Development Assistance Corporation (14), Buckeye State Bank (13), Fifth Third Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lucas County?
The median 7(a) approval was $65K and the median 504 approval $415K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Lucas County?
Restaurants and Other Eating Places (68); Services to Buildings and Dwellings (34); General Freight Trucking (31); Residential Building Construction (28); Personal Care Services (24).
Is SBA lending in Lucas County rising?
Approvals in the three latest complete fiscal years total 382, against 317 in the three before: rising (+21%).
How does Lucas County compare with the rest of Ohio?
66.7 approvals per 1,000 establishments against 72.3 statewide, and 619 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