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County17th of 88 in Ohio by approvalsFIPS 39155
SBA loans in Trumbull 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 Trumbull County, Ohio, received 331 SBA loan approvals worth $71.3M in FY2021 to FY2025 (320 7(a), 11 504).
That is 87.1 approvals per 1,000 business establishments (3,800 establishments in 2023), above the Ohio figure of 72.3 and above the national 41.0.
It ranks 17th of 88 Ohio counties with approvals. In FY2025 there were 62, down 16% on FY2024.
30 lenders had approvals here; the most active were The Huntington National Bank (255), Valley Economic Development Partners, Inc. (10) and KeyBank National Association (8). The most common industry was foundation, structure, and building exterior 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 Trumbull County
By number of approvals to businesses in the county, FY2021–FY2025; 30 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 255 | $34.0M | 77.0% | |
| 2 | Valley Economic Development Partners, Inc.Youngstown, OH · CDC | 10 | $3.7M | 3.0% | |
| 3 | KeyBank National AssociationCleveland, OH | 8 | $2.0M | 2.4% | |
| 4 | Valley Economic Development Partners, Inc.Youngstown, OH | 7 | $1.2M | 2.1% | |
| 5 | WesBanco Bank, Inc.Wheeling, WV | 6 | $1.1M | 1.8% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 5 | $3.5M | 1.5% | |
| 7 | JPMorgan Chase Bank, National AssociationColumbus, OH | 4 | $1.3M | 1.2% | |
| 8 | First National Bank of PennsylvaniaGreenville, PA | 3 | $3.3M | 0.9% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $1.4M | 0.9% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 3 | $1.0M | 0.9% | |
| 11 | Northeast BankLewiston, ME | 3 | $267K | 0.9% | |
| 12 | Truist BankCharlotte, NC | 2 | — | 0.6% | |
| 13 | First Commonwealth BankIndiana, PA | 2 | — | 0.6% | |
| 14 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 2 | — | 0.6% | |
| 15 | The Farmers National Bank of CanfieldCanfield, OH | 2 | — | 0.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 33 | 10.0% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 26 | 7.9% | |
| 3 | Residential Building ConstructionNAICS 2361 | 23 | 6.9% | |
| 4 | General Freight TruckingNAICS 4841 | 22 | 6.6% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 5.4% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 16 | 4.8% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 15 | 4.5% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 3.9% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 11 | 3.3% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 110 | 33.2% | |
| 2 | Retail Trade | 34 | 10.3% | |
| 3 | Transportation and Warehousing | 29 | 8.8% | |
| 4 | Accommodation and Food Services | 24 | 7.3% | |
| 5 | Other Services (except Public Administration) | 23 | 6.9% | |
| 6 | Manufacturing | 21 | 6.3% | |
| 7 | Health Care and Social Assistance | 19 | 5.7% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 19 | 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* | 13 | $1.9M | $176K | 0 | — | 13 | 48 |
| FY2025 | 59 | $11.6M | $50K | 3 | $575K | 62 | 640 |
| FY2024 | 72 | $8.7M | $50K | 2 | — | 74 | 191 |
| FY2023 | 72 | $16.6M | $50K | 1 | — | 73 | 665 |
| FY2022 | 71 | $13.7M | $50K | 2 | — | 73 | 472 |
| FY2021 | 46 | $16.7M | $51K | 3 | $896K | 49 | 257 |
| FY2020 | 41 | $6.3M | $50K | 1 | — | 42 | 462 |
| FY2019 | 52 | $11.1M | $50K | 0 | — | 52 | 533 |
| FY2018 | 40 | $3.8M | $50K | 1 | — | 41 | 104 |
| FY2017 | 63 | $4.1M | $35K | 2 | — | 65 | 232 |
| FY2016 | 46 | $4.2M | $35K | 0 | — | 46 | 178 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 246 approvals.
Against Ohio and the country
| FY2021–FY2025 | Trumbull County | Ohio | United States |
|---|---|---|---|
| Approvals | 331 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 87.1 | 72.3 | 41.0 |
| Median 7(a) approval | $50K | $99K | $190K |
| Median 504 approval | $321K | $496K | $657K |
| Average approval | $215K | $336K | $573K |
| 504 share of approvals | 3.3% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 6.7 | 8.1 | 10.5 |
| Share of state approvals | 1.8% | 100.0% | — |
Approval sizes
- $50,000 or less51.7%171
- $50,001 to $150,00025.1%83
- $150,001 to $350,00010.6%35
- $350,001 to $1 million7.6%25
- $1 million to $2 million2.7%9
- Over $2 million2.4%8
Age of the businesses
- Existing, more than 2 years old76.4%253
- New business, 2 years or less14.5%48
- Startup, loan funds will open the business5.7%19
- Change of ownership3.3%11
Questions and answers
Which lenders make the most SBA loans in Trumbull County?
By approvals in FY2021 to FY2025: The Huntington National Bank (255), Valley Economic Development Partners, Inc. (10), KeyBank National Association (8), Valley Economic Development Partners, Inc. (7), WesBanco Bank, Inc. (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Trumbull County?
The median 7(a) approval was $50K and the median 504 approval $321K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Trumbull County?
Foundation, Structure, and Building Exterior Contractors (33); Other Specialty Trade Contractors (26); Residential Building Construction (23); General Freight Trucking (22); Restaurants and Other Eating Places (18).
Is SBA lending in Trumbull County rising?
Approvals in the three latest complete fiscal years total 209, against 164 in the three before: rising (+27%).
How does Trumbull County compare with the rest of Ohio?
87.1 approvals per 1,000 establishments against 72.3 statewide, and 331 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