County26th of 88 in Ohio by approvalsFIPS 39169
SBA loans in Wayne 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 164 loans to businesses in Wayne County, Ohio, in FY2021 to FY2025, worth $28.7M: 164 under 7(a) and 0 under 504.
That is 63.5 approvals per 1,000 business establishments (2,583 establishments in 2023), close to the Ohio figure of 72.3 and above the national 41.0.
It ranks 26th of 88 Ohio counties with approvals. In FY2025 there were 32, up 28% on FY2024.
23 lenders had approvals here; the most active were The Huntington National Bank (116), First Commonwealth Bank (4) and Consumers National Bank (4). 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 Wayne County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 116 | $10.4M | 70.7% | |
| 2 | First Commonwealth BankIndiana, PA | 4 | $1.4M | 2.4% | |
| 3 | Consumers National BankMinerva, OH | 4 | $723K | 2.4% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 4 | $470K | 2.4% | |
| 5 | PNC Bank, National AssociationWilmington, DE | 4 | $115K | 2.4% | |
| 6 | Peoples BankMendenhall, MS | 3 | $4.3M | 1.8% | |
| 7 | Peoples BankMarietta, OH | 3 | $1.4M | 1.8% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 3 | $780K | 1.8% | |
| 9 | Northeast BankLewiston, ME | 3 | $687K | 1.8% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $504K | 1.8% | |
| 11 | CIBC Bank USAChicago, IL | 2 | — | 1.2% | |
| 12 | The Commercial and Savings Bank of Millersburg, OhioMillersburg, OH | 2 | — | 1.2% | |
| 13 | First Financial BankCincinnati, OH | 2 | — | 1.2% | |
| 14 | The Apple Creek Banking CompanyApple Creek, OH | 2 | — | 1.2% | |
| 15 | Pathward National AssociationSioux Falls, SD | 1 | — | 0.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 9.8% | |
| 2 | Residential Building ConstructionNAICS 2361 | 12 | 7.3% | |
| 3 | General Freight TruckingNAICS 4841 | 10 | 6.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 9 | 5.5% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 8 | 4.9% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 4.3% | |
| 7 | Traveler AccommodationNAICS 7211 | 4 | 2.4% | |
| 8 | Nonresidential Building ConstructionNAICS 2362 | 4 | 2.4% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 2.4% | |
| 10 | Industrial Machinery ManufacturingNAICS 3332 | 3 | 1.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 42 | 25.6% | |
| 2 | Accommodation and Food Services | 22 | 13.4% | |
| 3 | Retail Trade | 20 | 12.2% | |
| 4 | Transportation and Warehousing | 17 | 10.4% | |
| 5 | Other Services (except Public Administration) | 14 | 8.5% | |
| 6 | Professional, Scientific, and Technical Services | 13 | 7.9% | |
| 7 | Manufacturing | 12 | 7.3% | |
| 8 | Wholesale Trade | 6 | 3.7% |
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* | 5 | $3.3M | $150K | 0 | — | 5 | 21 |
| FY2025 | 32 | $7.0M | $50K | 0 | — | 32 | 140 |
| FY2024 | 25 | $2.6M | $50K | 0 | — | 25 | 72 |
| FY2023 | 22 | $3.1M | $71K | 0 | — | 22 | 80 |
| FY2022 | 33 | $4.7M | $50K | 0 | — | 33 | 175 |
| FY2021 | 52 | $11.4M | $61K | 0 | — | 52 | 243 |
| FY2020 | 21 | $2.3M | $40K | 0 | — | 21 | 173 |
| FY2019 | 27 | $4.7M | $35K | 0 | — | 27 | 127 |
| FY2018 | 30 | $4.1M | $48K | 0 | — | 30 | 102 |
| FY2017 | 27 | $3.6M | $45K | 0 | — | 27 | 223 |
| FY2016 | 34 | $5.0M | $95K | 0 | — | 34 | 348 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 139 approvals.
Against Ohio and the country
| FY2021–FY2025 | Wayne County | Ohio | United States |
|---|---|---|---|
| Approvals | 164 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 63.5 | 72.3 | 41.0 |
| Median 7(a) approval | $50K | $99K | $190K |
| Median 504 approval | — | $496K | $657K |
| Average approval | $175K | $336K | $573K |
| 504 share of approvals | 0.0% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 4.3 | 8.1 | 10.5 |
| Share of state approvals | 0.9% | 100.0% | — |
Approval sizes
- $50,000 or less53.0%87
- $50,001 to $150,00023.8%39
- $150,001 to $350,00011.6%19
- $350,001 to $1 million9.1%15
- $1 million to $2 million1.8%3
- Over $2 million0.6%1
Age of the businesses
- Existing, more than 2 years old68.9%113
- New business, 2 years or less20.1%33
- Startup, loan funds will open the business7.3%12
- Change of ownership3.7%6
Questions and answers
Which lenders make the most SBA loans in Wayne County?
By approvals in FY2021 to FY2025: The Huntington National Bank (116), First Commonwealth Bank (4), Consumers National Bank (4), BayFirst National Bank (4), PNC Bank, National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Wayne County?
The median 7(a) approval was $50K; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Wayne County?
Restaurants and Other Eating Places (16); Residential Building Construction (12); General Freight Trucking (10); Building Equipment Contractors (9); Foundation, Structure, and Building Exterior Contractors (8).
Is SBA lending in Wayne County rising?
Approvals in the three latest complete fiscal years total 79, against 106 in the three before: falling (-25%).
How does Wayne County compare with the rest of Ohio?
63.5 approvals per 1,000 establishments against 72.3 statewide, and 164 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