County4th of 88 in Ohio by approvalsFIPS 39153
SBA loans in Summit 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 Summit County, Ohio, received 1,195 SBA loan approvals worth $401M in FY2021 to FY2025 (1,153 7(a), 42 504).
That is 89.8 approvals per 1,000 business establishments (13,309 establishments in 2023), above the Ohio figure of 72.3 and above the national 41.0.
It ranks 4th of 88 Ohio counties with approvals. In FY2025 there were 219, down 8% on FY2024.
73 lenders had approvals here; the most active were The Huntington National Bank (768), KeyBank National Association (56) and U.S. Bank, National Association (33). The most common industry was general freight trucking.
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 Summit County
By number of approvals to businesses in the county, FY2021–FY2025; 73 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 768 | $126M | 64.3% | |
| 2 | KeyBank National AssociationCleveland, OH | 56 | $11.5M | 4.7% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 33 | $12.0M | 2.8% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 23 | $21.7M | 1.9% | |
| 5 | Cascade Capital CorporationAkron, OH · CDC | 21 | $22.0M | 1.8% | |
| 6 | First Commonwealth BankIndiana, PA | 20 | $23.1M | 1.7% | |
| 7 | PNC Bank, National AssociationWilmington, DE | 19 | $3.8M | 1.6% | |
| 8 | Consumers National BankMinerva, OH | 17 | $6.9M | 1.4% | |
| 9 | Growth Capital Corp.Cleveland, OH | 16 | $2.4M | 1.3% | |
| 10 | Growth Capital Corp.Cleveland, OH · CDC | 14 | $10.1M | 1.2% | |
| 11 | WesBanco Bank, Inc.Wheeling, WV | 13 | $11.5M | 1.1% | |
| 12 | JPMorgan Chase Bank, National AssociationColumbus, OH | 13 | $4.8M | 1.1% | |
| 13 | Northeast BankLewiston, ME | 12 | $1.7M | 1.0% | |
| 14 | Peoples BankMarietta, OH | 11 | $4.2M | 0.9% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 10 | $2.8M | 0.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 107 | 9.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 82 | 6.9% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 54 | 4.5% | |
| 4 | Personal Care ServicesNAICS 8121 | 45 | 3.8% | |
| 5 | Residential Building ConstructionNAICS 2361 | 45 | 3.8% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 36 | 3.0% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 33 | 2.8% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 32 | 2.7% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 29 | 2.4% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 29 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 168 | 14.1% | |
| 2 | Transportation and Warehousing | 147 | 12.3% | |
| 3 | Health Care and Social Assistance | 127 | 10.6% | |
| 4 | Accommodation and Food Services | 121 | 10.1% | |
| 5 | Other Services (except Public Administration) | 112 | 9.4% | |
| 6 | Retail Trade | 101 | 8.5% | |
| 7 | Manufacturing | 99 | 8.3% | |
| 8 | Professional, Scientific, and Technical Services | 88 | 7.4% |
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* | 80 | $36.3M | $102K | 8 | $15.8M | 88 | 601 |
| FY2025 | 212 | $77.9M | $135K | 7 | $10.8M | 219 | 2,397 |
| FY2024 | 231 | $77.1M | $92K | 8 | $10.0M | 239 | 1,500 |
| FY2023 | 242 | $56.3M | $60K | 4 | $5.0M | 246 | 1,476 |
| FY2022 | 234 | $73.6M | $60K | 6 | $2.0M | 240 | 1,370 |
| FY2021 | 234 | $78.3M | $100K | 17 | $9.7M | 251 | 2,377 |
| FY2020 | 153 | $54.6M | $75K | 8 | $5.4M | 161 | 1,317 |
| FY2019 | 167 | $35.4M | $78K | 7 | $4.2M | 174 | 1,194 |
| FY2018 | 232 | $62.5M | $60K | 8 | $4.3M | 240 | 2,073 |
| FY2017 | 205 | $44.1M | $50K | 8 | $2.2M | 213 | 1,442 |
| FY2016 | 190 | $46.4M | $50K | 4 | $2.3M | 194 | 2,473 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 982 approvals.
Against Ohio and the country
| FY2021–FY2025 | Summit County | Ohio | United States |
|---|---|---|---|
| Approvals | 1,195 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 89.8 | 72.3 | 41.0 |
| Median 7(a) approval | $80K | $99K | $190K |
| Median 504 approval | $468K | $496K | $657K |
| Average approval | $335K | $336K | $573K |
| 504 share of approvals | 3.5% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 7.6 | 8.1 | 10.5 |
| Share of state approvals | 6.5% | 100.0% | — |
Approval sizes
- $50,000 or less40.1%479
- $50,001 to $150,00024.9%297
- $150,001 to $350,00015.4%184
- $350,001 to $1 million11.7%140
- $1 million to $2 million3.8%46
- Over $2 million4.1%49
Age of the businesses
- Existing, more than 2 years old61.5%735
- New business, 2 years or less16.1%192
- Startup, loan funds will open the business17.3%207
- Change of ownership4.9%59
- Not answered0.2%2
Questions and answers
Which lenders make the most SBA loans in Summit County?
By approvals in FY2021 to FY2025: The Huntington National Bank (768), KeyBank National Association (56), U.S. Bank, National Association (33), Live Oak Banking Company (23), Cascade Capital Corporation (21). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Summit County?
The median 7(a) approval was $80K and the median 504 approval $468K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Summit County?
General Freight Trucking (107); Restaurants and Other Eating Places (82); Services to Buildings and Dwellings (54); Personal Care Services (45); Residential Building Construction (45).
Is SBA lending in Summit County rising?
Approvals in the three latest complete fiscal years total 704, against 652 in the three before: broadly level (+8%).
How does Summit County compare with the rest of Ohio?
89.8 approvals per 1,000 establishments against 72.3 statewide, and 1,195 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