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County30th of 88 in Ohio by approvalsFIPS 39139
SBA loans in Richland 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 Richland County, Ohio, received 123 SBA loan approvals worth $44.5M in FY2021 to FY2025 (120 7(a), 3 504).
That is 47.0 approvals per 1,000 business establishments (2,616 establishments in 2023), below the Ohio figure of 72.3 and close to the national 41.0.
It ranks 30th of 88 Ohio counties with approvals. In FY2025 there were 11, down 62% on FY2024.
28 lenders had approvals here; the most active were The Huntington National Bank (60), Sutton Bank (9) and Shoreham Bank (4). The most common industry was other specialty trade contractors.
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 Richland County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 60 | $5.4M | 48.8% | |
| 2 | Sutton BankAttica, OH | 9 | $3.0M | 7.3% | |
| 3 | Shoreham BankWarwick, RI | 4 | $10.1M | 3.3% | |
| 4 | Celtic Bank CorporationSalt Lake City, UT | 4 | $2.8M | 3.3% | |
| 5 | United Midwest Savings Bank National AssociationDe Graff, OH | 4 | $1.9M | 3.3% | |
| 6 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $1.9M | 3.3% | |
| 7 | JPMorgan Chase Bank, National AssociationColumbus, OH | 4 | $777K | 3.3% | |
| 8 | Byline BankChicago, IL | 3 | $10.0M | 2.4% | |
| 9 | KeyBank National AssociationCleveland, OH | 3 | $895K | 2.4% | |
| 10 | Fifth Third BankCincinnati, OH | 3 | $699K | 2.4% | |
| 11 | Telhio Credit Union IncColumbus, OH | 3 | $427K | 2.4% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 2 | — | 1.6% | |
| 13 | United Community BankGreenville, SC | 2 | — | 1.6% | |
| 14 | First Financial BankCincinnati, OH | 2 | — | 1.6% | |
| 15 | Mechanics BankMansfield, OH | 2 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 12 | 9.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 8.9% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 11 | 8.9% | |
| 4 | Traveler AccommodationNAICS 7211 | 10 | 8.1% | |
| 5 | Specialized Freight TruckingNAICS 4842 | 7 | 5.7% | |
| 6 | General Freight TruckingNAICS 4841 | 7 | 5.7% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.3% | |
| 8 | Other Personal ServicesNAICS 8129 | 4 | 3.3% | |
| 9 | Residential Building ConstructionNAICS 2361 | 4 | 3.3% | |
| 10 | Printing and Related Support ActivitiesNAICS 3231 | 3 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 24 | 19.5% | |
| 2 | Construction | 22 | 17.9% | |
| 3 | Transportation and Warehousing | 14 | 11.4% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 13 | 10.6% | |
| 5 | Other Services (except Public Administration) | 11 | 8.9% | |
| 6 | Retail Trade | 11 | 8.9% | |
| 7 | Professional, Scientific, and Technical Services | 9 | 7.3% | |
| 8 | Manufacturing | 7 | 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* | 7 | $6.7M | $135K | 2 | — | 9 | 134 |
| FY2025 | 11 | $4.1M | $200K | 0 | — | 11 | 84 |
| FY2024 | 29 | $5.8M | $86K | 0 | — | 29 | 190 |
| FY2023 | 38 | $15.5M | $90K | 0 | — | 38 | 191 |
| FY2022 | 19 | $4.8M | $100K | 2 | — | 21 | 112 |
| FY2021 | 23 | $13.8M | $142K | 1 | — | 24 | 157 |
| FY2020 | 17 | $4.2M | $100K | 1 | — | 18 | 211 |
| FY2019 | 7 | $581K | $25K | 0 | — | 7 | 23 |
| FY2018 | 31 | $9.4M | $125K | 1 | — | 32 | 236 |
| FY2017 | 21 | $9.3M | $150K | 1 | — | 22 | 423 |
| FY2016 | 17 | $5.6M | $121K | 0 | — | 17 | 233 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 96 approvals.
Against Ohio and the country
| FY2021–FY2025 | Richland County | Ohio | United States |
|---|---|---|---|
| Approvals | 123 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 47.0 | 72.3 | 41.0 |
| Median 7(a) approval | $100K | $99K | $190K |
| Median 504 approval | $124K | $496K | $657K |
| Average approval | $362K | $336K | $573K |
| 504 share of approvals | 2.4% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 6.0 | 8.1 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less31.7%39
- $50,001 to $150,00031.7%39
- $150,001 to $350,00015.4%19
- $350,001 to $1 million12.2%15
- $1 million to $2 million5.7%7
- Over $2 million3.3%4
Age of the businesses
- Existing, more than 2 years old61.0%75
- New business, 2 years or less16.3%20
- Startup, loan funds will open the business13.0%16
- Change of ownership9.8%12
Questions and answers
Which lenders make the most SBA loans in Richland County?
By approvals in FY2021 to FY2025: The Huntington National Bank (60), Sutton Bank (9), Shoreham Bank (4), Celtic Bank Corporation (4), United Midwest Savings Bank National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Richland County?
The median 7(a) approval was $100K and the median 504 approval $124K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Richland County?
Other Specialty Trade Contractors (12); Restaurants and Other Eating Places (11); Services to Buildings and Dwellings (11); Traveler Accommodation (10); Specialized Freight Trucking (7).
Is SBA lending in Richland County rising?
Approvals in the three latest complete fiscal years total 78, against 63 in the three before: rising (+24%).
How does Richland County compare with the rest of Ohio?
47.0 approvals per 1,000 establishments against 72.3 statewide, and 123 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