County38th of 88 in Ohio by approvalsFIPS 39123
SBA loans in Ottawa 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 73 loans to businesses in Ottawa County, Ohio, in FY2021 to FY2025, worth $19.0M: 65 under 7(a) and 8 under 504.
That is 71.2 approvals per 1,000 business establishments (1,026 establishments in 2023), close to the Ohio figure of 72.3 and above the national 41.0.
It ranks 38th of 88 Ohio counties with approvals. In FY2025 there were 11, down 39% on FY2024.
15 lenders had approvals here; the most active were The Huntington National Bank (50), Northwest Ohio Development Assistance Corporation (4) and The Croghan Colonial Bank (3). 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 Ottawa County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 50 | $3.7M | 68.5% | |
| 2 | Northwest Ohio Development Assistance CorporationToledo, OH · CDC | 4 | $1.1M | 5.5% | |
| 3 | The Croghan Colonial BankFremont, OH | 3 | $1.4M | 4.1% | |
| 4 | Fifth Third BankCincinnati, OH | 2 | — | 2.7% | |
| 5 | Growth Capital Corp.Cleveland, OH · CDC | 2 | — | 2.7% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 2.7% | |
| 7 | Northeast BankLewiston, ME | 2 | — | 2.7% | |
| 8 | WesBanco Bank, Inc.Wheeling, WV | 1 | — | 1.4% | |
| 9 | Merchants Bank of IndianaCarmel, IN | 1 | — | 1.4% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 1 | — | 1.4% | |
| 11 | Great Lakes Commercial FinanceGrandville, MI · CDC | 1 | — | 1.4% | |
| 12 | The Genoa Banking CompanyGenoa, OH | 1 | — | 1.4% | |
| 13 | West Central Partnership, Inc.Perrysburg, OH · CDC | 1 | — | 1.4% | |
| 14 | Happen BankLehi, UT | 1 | — | 1.4% | |
| 15 | The First National Bank BellevueBellevue, OH | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 22 | 30.1% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 4 | 5.5% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 3 | 4.1% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 4.1% | |
| 5 | General Freight TruckingNAICS 4841 | 3 | 4.1% | |
| 6 | Specialty Food StoresNAICS 4452 | 3 | 4.1% | |
| 7 | Lessors of Real EstateNAICS 5311 | 2 | 2.7% | |
| 8 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 2 | 2.7% | |
| 9 | Residential Building ConstructionNAICS 2361 | 2 | 2.7% | |
| 10 | Nonscheduled Air TransportationNAICS 4812 | 2 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 26 | 35.6% | |
| 2 | Construction | 11 | 15.1% | |
| 3 | Retail Trade | 9 | 12.3% | |
| 4 | Transportation and Warehousing | 7 | 9.6% | |
| 5 | Professional, Scientific, and Technical Services | 4 | 5.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 4 | 5.5% | |
| 7 | Other Services (except Public Administration) | 4 | 5.5% | |
| 8 | Real Estate and Rental and Leasing | 2 | 2.7% |
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* | 4 | $3.3M | $862K | 0 | — | 4 | 43 |
| FY2025 | 11 | $1.3M | $60K | 0 | — | 11 | 46 |
| FY2024 | 16 | $5.6M | $90K | 2 | — | 18 | 261 |
| FY2023 | 8 | $699K | $77K | 1 | — | 9 | 125 |
| FY2022 | 19 | $3.7M | $50K | 4 | $1.4M | 23 | 188 |
| FY2021 | 11 | $4.3M | $50K | 1 | — | 12 | 86 |
| FY2020 | 6 | $560K | $45K | 2 | — | 8 | 13 |
| FY2019 | 12 | $2.4M | $88K | 0 | — | 12 | 173 |
| FY2018 | 13 | $3.9M | $145K | 0 | — | 13 | 99 |
| FY2017 | 12 | $1.8M | $50K | 1 | — | 13 | 81 |
| FY2016 | 17 | $6.3M | $45K | 2 | — | 19 | 106 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 65 approvals.
Against Ohio and the country
| FY2021–FY2025 | Ottawa County | Ohio | United States |
|---|---|---|---|
| Approvals | 73 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 71.2 | 72.3 | 41.0 |
| Median 7(a) approval | $51K | $99K | $190K |
| Median 504 approval | $424K | $496K | $657K |
| Average approval | $260K | $336K | $573K |
| 504 share of approvals | 11.0% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 9.7 | 8.1 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less43.8%32
- $50,001 to $150,00027.4%20
- $150,001 to $350,0008.2%6
- $350,001 to $1 million15.1%11
- $1 million to $2 million2.7%2
- Over $2 million2.7%2
Age of the businesses
- Existing, more than 2 years old65.8%48
- New business, 2 years or less11.0%8
- Startup, loan funds will open the business20.5%15
- Change of ownership2.7%2
Questions and answers
Which lenders make the most SBA loans in Ottawa County?
By approvals in FY2021 to FY2025: The Huntington National Bank (50), Northwest Ohio Development Assistance Corporation (4), The Croghan Colonial Bank (3), Fifth Third Bank (2), Growth Capital Corp. (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Ottawa County?
The median 7(a) approval was $51K and the median 504 approval $424K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Ottawa County?
Restaurants and Other Eating Places (22); Services to Buildings and Dwellings (4); Building Equipment Contractors (3); Foundation, Structure, and Building Exterior Contractors (3); General Freight Trucking (3).
Is SBA lending in Ottawa County rising?
Approvals in the three latest complete fiscal years total 38, against 43 in the three before: falling (-12%).
How does Ottawa County compare with the rest of Ohio?
71.2 approvals per 1,000 establishments against 72.3 statewide, and 73 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