County33rd of 88 in Ohio by approvalsFIPS 39159
SBA loans in Union 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 Union County, Ohio, received 96 SBA loan approvals worth $46.4M in FY2021 to FY2025 (89 7(a), 7 504).
That is 77.4 approvals per 1,000 business establishments (1,240 establishments in 2023), close to the Ohio figure of 72.3 and above the national 41.0.
It ranks 33rd of 88 Ohio counties with approvals. In FY2025 there were 23, about level with FY2024.
29 lenders had approvals here; the most active were The Huntington National Bank (42), Telhio Credit Union Inc (8) and KeyBank National Association (6). 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 Union County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 42 | $5.7M | 43.8% | |
| 2 | Telhio Credit Union IncColumbus, OH | 8 | $1.8M | 8.3% | |
| 3 | KeyBank National AssociationCleveland, OH | 6 | $612K | 6.3% | |
| 4 | Community Capital Development CorporationDublin, OH · CDC | 4 | $3.5M | 4.2% | |
| 5 | Fifth Third BankCincinnati, OH | 4 | $1.3M | 4.2% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 3 | $8.7M | 3.1% | |
| 7 | First Commonwealth BankIndiana, PA | 3 | $335K | 3.1% | |
| 8 | Ohio Statewide Development CorporationColumbus, OH · CDC | 2 | — | 2.1% | |
| 9 | First Financial BankCincinnati, OH | 2 | — | 2.1% | |
| 10 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 2.1% | |
| 11 | PNC Bank, National AssociationWilmington, DE | 2 | — | 2.1% | |
| 12 | Shoreham BankWarwick, RI | 1 | — | 1.0% | |
| 13 | MVB Bank, Inc.Fairmont, WV | 1 | — | 1.0% | |
| 14 | Idaho Central CUChubbuck, ID | 1 | — | 1.0% | |
| 15 | Truliant FCUWinston-Salem, NC | 1 | — | 1.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 9 | 9.4% | |
| 2 | General Freight TruckingNAICS 4841 | 7 | 7.3% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 5.2% | |
| 4 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 5 | 5.2% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 4 | 4.2% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.2% | |
| 7 | Other Transit and Ground Passenger TransportationNAICS 4859 | 4 | 4.2% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 3.1% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.1% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 22 | 22.9% | |
| 2 | Transportation and Warehousing | 13 | 13.5% | |
| 3 | Health Care and Social Assistance | 10 | 10.4% | |
| 4 | Other Services (except Public Administration) | 10 | 10.4% | |
| 5 | Retail Trade | 9 | 9.4% | |
| 6 | Accommodation and Food Services | 7 | 7.3% | |
| 7 | Manufacturing | 7 | 7.3% | |
| 8 | Wholesale Trade | 6 | 6.3% |
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* | 9 | $620K | $50K | 0 | — | 9 | 21 |
| FY2025 | 21 | $11.6M | $150K | 2 | — | 23 | 157 |
| FY2024 | 23 | $3.8M | $82K | 0 | — | 23 | 84 |
| FY2023 | 14 | $4.0M | $66K | 1 | — | 15 | 95 |
| FY2022 | 22 | $10.4M | $100K | 2 | — | 24 | 93 |
| FY2021 | 9 | $9.8M | $350K | 2 | — | 11 | 124 |
| FY2020 | 6 | $1.8M | $20K | 0 | — | 6 | 24 |
| FY2019 | 16 | $6.6M | $150K | 1 | — | 17 | 91 |
| FY2018 | 6 | $327K | $18K | 1 | — | 7 | 46 |
| FY2017 | 13 | $9.3M | $141K | 0 | — | 13 | 138 |
| FY2016 | 10 | $2.0M | $39K | 0 | — | 10 | 60 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 53 approvals.
Against Ohio and the country
| FY2021–FY2025 | Union County | Ohio | United States |
|---|---|---|---|
| Approvals | 96 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 77.4 | 72.3 | 41.0 |
| Median 7(a) approval | $100K | $99K | $190K |
| Median 504 approval | $539K | $496K | $657K |
| Average approval | $484K | $336K | $573K |
| 504 share of approvals | 7.3% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 5.8 | 8.1 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less32.3%31
- $50,001 to $150,00026.0%25
- $150,001 to $350,00017.7%17
- $350,001 to $1 million13.5%13
- $1 million to $2 million2.1%2
- Over $2 million8.3%8
Age of the businesses
- Existing, more than 2 years old62.5%60
- New business, 2 years or less12.5%12
- Startup, loan funds will open the business20.8%20
- Change of ownership4.2%4
Questions and answers
Which lenders make the most SBA loans in Union County?
By approvals in FY2021 to FY2025: The Huntington National Bank (42), Telhio Credit Union Inc (8), KeyBank National Association (6), Community Capital Development Corporation (4), Fifth Third Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Union County?
The median 7(a) approval was $100K and the median 504 approval $539K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Union County?
Foundation, Structure, and Building Exterior Contractors (9); General Freight Trucking (7); Restaurants and Other Eating Places (5); Miscellaneous Nondurable Goods Merchant Wholesalers (5); Building Finishing Contractors (4).
Is SBA lending in Union County rising?
Approvals in the three latest complete fiscal years total 61, against 41 in the three before: rising (+49%).
How does Union County compare with the rest of Ohio?
77.4 approvals per 1,000 establishments against 72.3 statewide, and 96 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