County19th of 88 in Ohio by approvalsFIPS 39173
SBA loans in Wood 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 Wood County, Ohio, received 251 SBA loan approvals worth $78.1M in FY2021 to FY2025 (247 7(a), 4 504).
That is 87.7 approvals per 1,000 business establishments (2,862 establishments in 2023), above the Ohio figure of 72.3 and above the national 41.0.
It ranks 19th of 88 Ohio counties with approvals. In FY2025 there were 39, down 33% on FY2024.
32 lenders had approvals here; the most active were The Huntington National Bank (170), KeyBank National Association (11) and The State Bank and Trust Company (8). 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 Wood County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 170 | $26.1M | 67.7% | |
| 2 | KeyBank National AssociationCleveland, OH | 11 | $5.2M | 4.4% | |
| 3 | The State Bank and Trust CompanyDefiance, OH | 8 | $2.8M | 3.2% | |
| 4 | Northeast BankLewiston, ME | 6 | $435K | 2.4% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $4.2M | 2.0% | |
| 6 | Fifth Third BankCincinnati, OH | 4 | $1.0M | 1.6% | |
| 7 | Buckeye State BankPowell, OH | 4 | $713K | 1.6% | |
| 8 | Northwest Ohio Development Assistance CorporationToledo, OH · CDC | 3 | $4.6M | 1.2% | |
| 9 | WesBanco Bank, Inc.Wheeling, WV | 3 | $1.8M | 1.2% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 3 | $503K | 1.2% | |
| 11 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $395K | 1.2% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 3 | $319K | 1.2% | |
| 13 | Northwest BankWarren, PA | 3 | $300K | 1.2% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 2 | — | 0.8% | |
| 15 | GBankLas Vegas, NV | 2 | — | 0.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 29 | 11.6% | |
| 2 | General Freight TruckingNAICS 4841 | 26 | 10.4% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 15 | 6.0% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 4.4% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 9 | 3.6% | |
| 6 | Personal Care ServicesNAICS 8121 | 9 | 3.6% | |
| 7 | Residential Building ConstructionNAICS 2361 | 9 | 3.6% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 3.2% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 8 | 3.2% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 5 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 35 | 13.9% | |
| 2 | Transportation and Warehousing | 32 | 12.7% | |
| 3 | Construction | 32 | 12.7% | |
| 4 | Other Services (except Public Administration) | 28 | 11.2% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 25 | 10.0% | |
| 6 | Manufacturing | 20 | 8.0% | |
| 7 | Retail Trade | 20 | 8.0% | |
| 8 | Health Care and Social Assistance | 17 | 6.8% |
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 | $4.0M | $83K | 3 | $3.8M | 16 | 108 |
| FY2025 | 38 | $10.6M | $76K | 1 | — | 39 | 166 |
| FY2024 | 58 | $11.2M | $50K | 0 | — | 58 | 389 |
| FY2023 | 50 | $13.2M | $50K | 0 | — | 50 | 564 |
| FY2022 | 42 | $18.4M | $72K | 1 | — | 43 | 356 |
| FY2021 | 59 | $19.4M | $50K | 2 | — | 61 | 634 |
| FY2020 | 32 | $9.4M | $87K | 1 | — | 33 | 176 |
| FY2019 | 28 | $9.5M | $137K | 2 | — | 30 | 258 |
| FY2018 | 38 | $5.7M | $47K | 0 | — | 38 | 401 |
| FY2017 | 25 | $11.5M | $50K | 1 | — | 26 | 174 |
| FY2016 | 34 | $6.1M | $50K | 1 | — | 35 | 239 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 162 approvals.
Against Ohio and the country
| FY2021–FY2025 | Wood County | Ohio | United States |
|---|---|---|---|
| Approvals | 251 | 18,439 | 342,825 |
| Approvals per 1,000 establishments | 87.7 | 72.3 | 41.0 |
| Median 7(a) approval | $50K | $99K | $190K |
| Median 504 approval | $1.0M | $496K | $657K |
| Average approval | $311K | $336K | $573K |
| 504 share of approvals | 1.6% | 4.3% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 8.1 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less49.4%124
- $50,001 to $150,00022.7%57
- $150,001 to $350,00010.0%25
- $350,001 to $1 million10.0%25
- $1 million to $2 million4.4%11
- Over $2 million3.6%9
Age of the businesses
- Existing, more than 2 years old62.9%158
- New business, 2 years or less10.8%27
- Startup, loan funds will open the business17.9%45
- Change of ownership8.4%21
Questions and answers
Which lenders make the most SBA loans in Wood County?
By approvals in FY2021 to FY2025: The Huntington National Bank (170), KeyBank National Association (11), The State Bank and Trust Company (8), Northeast Bank (6), Readycap Lending, LLC (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Wood County?
The median 7(a) approval was $50K and the median 504 approval $1.0M; the Ohio 7(a) median was $99K.
Which industries get the most SBA loans in Wood County?
Restaurants and Other Eating Places (29); General Freight Trucking (26); Services to Buildings and Dwellings (15); Automotive Repair and Maintenance (11); Offices of Other Health Practitioners (9).
Is SBA lending in Wood County rising?
Approvals in the three latest complete fiscal years total 147, against 137 in the three before: broadly level (+7%).
How does Wood County compare with the rest of Ohio?
87.7 approvals per 1,000 establishments against 72.3 statewide, and 251 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