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County29th of 88 in Ohio by approvalsFIPS 39097
SBA loans in Madison 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 Madison County, Ohio, received 129 SBA loan approvals worth $41.9M in FY2021 to FY2025 (124 7(a), 5 504).
That is 178.4 approvals per 1,000 business establishments (723 establishments in 2023), above the Ohio figure of 72.3 and above the national 41.0.
It ranks 29th of 88 Ohio counties with approvals. In FY2025 there were 32, up 23% on FY2024.
19 lenders had approvals here; the most active were The Huntington National Bank (103), Newtek Bank, National Association (4) and Telhio Credit Union Inc (3). The most common industry was other amusement and recreation industries.
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 Madison County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 103 | $23.2M | 79.8% | |
| 2 | Newtek Bank, National AssociationMiami, FL | 4 | $4.1M | 3.1% | |
| 3 | Telhio Credit Union IncColumbus, OH | 3 | $1.9M | 2.3% | |
| 4 | Community Capital Development CorporationDublin, OH · CDC | 3 | $1.7M | 2.3% | |
| 5 | The State Bank and Trust CompanyDefiance, OH | 2 | — | 1.6% | |
| 6 | Ohio Statewide Development CorporationColumbus, OH · CDC | 1 | — | 0.8% | |
| 7 | North Valley BankZanesville, OH | 1 | — | 0.8% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 1 | — | 0.8% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 0.8% | |
| 10 | Alloy Development Co., Inc.Cincinnati, OH · CDC | 1 | — | 0.8% | |
| 11 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 0.8% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 0.8% | |
| 13 | KeyBank National AssociationCleveland, OH | 1 | — | 0.8% | |
| 14 | CRF Small Business Loan Company, LLCMinneapolis, MN | 1 | — | 0.8% | |
| 15 | The Fahey Banking CompanyMarion, OH | 1 | — | 0.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 10 | 7.8% | |
| 2 | General Freight TruckingNAICS 4841 | 10 | 7.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 7.0% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 8 | 6.2% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 8 | 6.2% | |
| 6 | Building Material and Supplies DealersNAICS 4441 | 7 | 5.4% | |
| 7 | Residential Building ConstructionNAICS 2361 | 6 | 4.7% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 5 | 3.9% | |
| 9 | Personal Care ServicesNAICS 8121 | 5 | 3.9% | |
| 10 | Other Personal ServicesNAICS 8129 | 4 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 27 | 20.9% | |
| 2 | Other Services (except Public Administration) | 13 | 10.1% | |
| 3 | Professional, Scientific, and Technical Services | 12 | 9.3% | |
| 4 | Retail Trade | 11 | 8.5% | |
| 5 | Arts, Entertainment, and Recreation | 11 | 8.5% | |
| 6 | Transportation and Warehousing | 11 | 8.5% | |
| 7 | Accommodation and Food Services | 10 | 7.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 10 | 7.8% |
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* | 6 | $2.4M | $350K | 0 | — | 6 | 40 |
| FY2025 | 31 | $11.7M | $107K | 1 | — | 32 | 377 |
| FY2024 | 26 | $6.5M | $68K | 0 | — | 26 | 110 |
| FY2023 | 31 | $5.3M | $70K | 2 | — | 33 | 137 |
| FY2022 | 17 | $6.1M | $52K | 1 | — | 18 | 137 |
| FY2021 | 19 | $5.5M | $182K | 1 | — | 20 | 80 |
| FY2020 | 11 | $2.7M | $33K | 3 | $340K | 14 | 36 |
| FY2019 | 18 | $5.5M | $163K | 0 | — | 18 | 147 |
| FY2018 | 15 | $10.3M | $350K | 1 | — | 16 | 198 |
| FY2017 | 19 | $3.4M | $85K | 2 | — | 21 | 111 |
| FY2016 | 20 | $4.9M | $50K | 1 | — | 21 | 68 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 90 approvals.
Against Ohio and the country
| FY2021–FY2025 | Madison County | Ohio | United States |
|---|---|---|---|
| Approvals | 129 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 178.4 | 72.3 | 41.0 |
| Median 7(a) approval | $81K | $99K | $190K |
| Median 504 approval | $665K | $496K | $657K |
| Average approval | $325K | $336K | $573K |
| 504 share of approvals | 3.9% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 6.5 | 8.1 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less38.0%49
- $50,001 to $150,00023.3%30
- $150,001 to $350,00014.7%19
- $350,001 to $1 million16.3%21
- $1 million to $2 million3.9%5
- Over $2 million3.9%5
Age of the businesses
- Existing, more than 2 years old63.6%82
- New business, 2 years or less7.0%9
- Startup, loan funds will open the business24.0%31
- Change of ownership5.4%7
Questions and answers
Which lenders make the most SBA loans in Madison County?
By approvals in FY2021 to FY2025: The Huntington National Bank (103), Newtek Bank, National Association (4), Telhio Credit Union Inc (3), Community Capital Development Corporation (3), The State Bank and Trust Company (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Madison County?
The median 7(a) approval was $81K and the median 504 approval $665K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Madison County?
Other Amusement and Recreation Industries (10); General Freight Trucking (10); Restaurants and Other Eating Places (9); Services to Buildings and Dwellings (8); Building Equipment Contractors (8).
Is SBA lending in Madison County rising?
Approvals in the three latest complete fiscal years total 91, against 52 in the three before: rising (+75%).
How does Madison County compare with the rest of Ohio?
178.4 approvals per 1,000 establishments against 72.3 statewide, and 129 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