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County13th of 88 in Ohio by approvalsFIPS 39099
SBA loans in Mahoning 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 Mahoning County, Ohio, received 405 SBA loan approvals worth $133M in FY2021 to FY2025 (388 7(a), 17 504).
That is 75.1 approvals per 1,000 business establishments (5,391 establishments in 2023), close to the Ohio figure of 72.3 and above the national 41.0.
It ranks 13th of 88 Ohio counties with approvals. In FY2025 there were 92, about level with FY2024.
34 lenders had approvals here; the most active were The Huntington National Bank (277), WesBanco Bank, Inc. (19) and Valley Economic Development Partners, Inc. (17). 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 Mahoning County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 277 | $36.6M | 68.4% | |
| 2 | WesBanco Bank, Inc.Wheeling, WV | 19 | $13.9M | 4.7% | |
| 3 | Valley Economic Development Partners, Inc.Youngstown, OH | 17 | $3.1M | 4.2% | |
| 4 | Valley Economic Development Partners, Inc.Youngstown, OH · CDC | 15 | $5.7M | 3.7% | |
| 5 | KeyBank National AssociationCleveland, OH | 13 | $3.2M | 3.2% | |
| 6 | Northeast BankLewiston, ME | 8 | $1.3M | 2.0% | |
| 7 | Consumers National BankMinerva, OH | 7 | $2.9M | 1.7% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 5 | $5.7M | 1.2% | |
| 9 | First Western SBLC, LLCDallas, TX | 4 | $11.8M | 1.0% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $5.6M | 0.7% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 3 | $4.3M | 0.7% | |
| 12 | Byline BankChicago, IL | 3 | $1.9M | 0.7% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 3 | $604K | 0.7% | |
| 14 | Simmons BankPine Bluff, AR | 3 | $453K | 0.7% | |
| 15 | Growth Capital Corp.Cleveland, OH | 3 | $323K | 0.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 33 | 8.1% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 26 | 6.4% | |
| 3 | Residential Building ConstructionNAICS 2361 | 20 | 4.9% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 19 | 4.7% | |
| 5 | General Freight TruckingNAICS 4841 | 18 | 4.4% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 16 | 4.0% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 15 | 3.7% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 15 | 3.7% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 14 | 3.5% | |
| 10 | Traveler AccommodationNAICS 7211 | 10 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 74 | 18.3% | |
| 2 | Accommodation and Food Services | 54 | 13.3% | |
| 3 | Retail Trade | 40 | 9.9% | |
| 4 | Health Care and Social Assistance | 37 | 9.1% | |
| 5 | Transportation and Warehousing | 32 | 7.9% | |
| 6 | Manufacturing | 31 | 7.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 29 | 7.2% | |
| 8 | Other Services (except Public Administration) | 23 | 5.7% |
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* | 34 | $12.3M | $150K | 1 | — | 35 | 241 |
| FY2025 | 88 | $32.6M | $100K | 4 | $2.1M | 92 | 763 |
| FY2024 | 84 | $15.8M | $50K | 2 | — | 86 | 465 |
| FY2023 | 91 | $30.1M | $65K | 1 | — | 92 | 877 |
| FY2022 | 77 | $27.0M | $52K | 4 | $1.3M | 81 | 460 |
| FY2021 | 48 | $16.3M | $50K | 6 | $2.1M | 54 | 460 |
| FY2020 | 57 | $22.3M | $54K | 7 | $2.7M | 64 | 619 |
| FY2019 | 50 | $10.1M | $50K | 4 | $8.5M | 54 | 566 |
| FY2018 | 56 | $12.0M | $100K | 1 | — | 57 | 545 |
| FY2017 | 63 | $11.4M | $50K | 1 | — | 64 | 199 |
| FY2016 | 80 | $10.6M | $50K | 1 | — | 81 | 415 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 320 approvals.
Against Ohio and the country
| FY2021–FY2025 | Mahoning County | Ohio | United States |
|---|---|---|---|
| Approvals | 405 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 75.1 | 72.3 | 41.0 |
| Median 7(a) approval | $70K | $99K | $190K |
| Median 504 approval | $390K | $496K | $657K |
| Average approval | $328K | $336K | $573K |
| 504 share of approvals | 4.2% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 8.1 | 10.5 |
| Share of state approvals | 2.2% | 100.0% | — |
Approval sizes
- $50,000 or less44.4%180
- $50,001 to $150,00023.0%93
- $150,001 to $350,00015.1%61
- $350,001 to $1 million9.9%40
- $1 million to $2 million3.5%14
- Over $2 million4.2%17
Age of the businesses
- Existing, more than 2 years old71.1%288
- New business, 2 years or less6.7%27
- Startup, loan funds will open the business12.8%52
- Change of ownership9.4%38
Questions and answers
Which lenders make the most SBA loans in Mahoning County?
By approvals in FY2021 to FY2025: The Huntington National Bank (277), WesBanco Bank, Inc. (19), Valley Economic Development Partners, Inc. (17), Valley Economic Development Partners, Inc. (15), KeyBank National Association (13). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Mahoning County?
The median 7(a) approval was $70K and the median 504 approval $390K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Mahoning County?
Restaurants and Other Eating Places (33); Services to Buildings and Dwellings (26); Residential Building Construction (20); Other Specialty Trade Contractors (19); General Freight Trucking (18).
Is SBA lending in Mahoning County rising?
Approvals in the three latest complete fiscal years total 270, against 199 in the three before: rising (+36%).
How does Mahoning County compare with the rest of Ohio?
75.1 approvals per 1,000 establishments against 72.3 statewide, and 405 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