Lenders › First Bank of Central Ohio
7(a) lenderWorthington, OhioFDIC-insured bank339th of 2,184 by approvals
First Bank of Central Ohio
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
First Bank of Central Ohio (Worthington, Ohio) is an FDIC-insured bank in the SBA 7(a) program, 339th of 2,184 by approvals in FY2021 to FY2025: 89 loans worth $134M.
In FY2025, the latest complete fiscal year, it had 38 approvals totalling $52.5M, down 21% on FY2024 (48). FY2026 to 30 Jun 2026 adds 11 more.
The median approval was $1.1M, against $190K for the 7(a) program as a whole; 6.7% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 27 states and territories and 63 counties, led by California (18.0%), Colorado (10.1%) and Indiana (7.9%). The largest industry group was construction at 19.1% of approvals, and 1.1% of approvals were to franchise businesses.
First Bank of Central Ohio has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 11 | $13.1M | $500K | $1.2M | 181 |
| FY2025 | 38 | $52.5M | $902K | $1.4M | 713 |
| FY2024 | 48 | $78.4M | $1.4M | $1.6M | 513 |
| FY2023 | 3 | $3.4M | $1.4M | $1.1M | 32 |
| FY2022 | 0 | — | — | — | 0 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 0 approvals. First approval on file: FY2023.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 0 | 79,249 | 639,905 |
| Cancelled or never disbursed | 0 | 10,102 | 79,313 |
| Disbursed loans | 0 | 69,147 | 560,592 |
| Paid in full | 0 | 52,688 | 435,813 |
| Charged off | 0 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 1.5% | 2.5% |
| Dollars charged off | — | $565M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $1.1M | $190K |
| Average approval | $1.5M | $518K |
| Approvals of $150,000 or less | 6.7% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 27.0% | 34.3% |
| Approvals to franchise businesses | 1.1% | 11.5% |
| Jobs supported per approval, as reported | 14.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (27 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 16 | $26.2M | 18.0% | |
| 2 | Colorado | 9 | $14.9M | 10.1% | |
| 3 | Indiana | 7 | $15.3M | 7.9% | |
| 4 | Florida | 7 | $11.1M | 7.9% | |
| 5 | Ohio | 7 | $6.9M | 7.9% | |
| 6 | North Carolina | 4 | $5.9M | 4.5% | |
| 7 | Michigan | 3 | $6.5M | 3.4% | |
| 8 | Texas | 3 | $6.4M | 3.4% | |
| 9 | Oregon | 3 | $4.8M | 3.4% | |
| 10 | Wisconsin | 3 | $3.9M | 3.4% | |
| 11 | New York | 3 | $3.2M | 3.4% | |
| 12 | New Jersey | 3 | $2.3M | 3.4% |
In California the lender accounts for 0.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (63 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | San Diego County, CA | 4 | $9.5M | 4.5% | |
| 2 | Los Angeles County, CA | 4 | $4.2M | 4.5% | |
| 3 | Oakland County, MI | 3 | $6.5M | 3.4% | |
| 4 | Licking County, OH | 3 | $4.8M | 3.4% | |
| 5 | Ventura County, CA | 3 | $3.0M | 3.4% | |
| 6 | Norfolk County, MA | 3 | $2.0M | 3.4% | |
| 7 | Orange County, CA | 2 | — | 2.2% | |
| 8 | Cass County, IN | 2 | — | 2.2% | |
| 9 | Maricopa County, AZ | 2 | — | 2.2% | |
| 10 | Racine County, WI | 2 | — | 2.2% | |
| 11 | Riverside County, CA | 2 | — | 2.2% | |
| 12 | Denver County, CO | 2 | — | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 17 | 19.1% | |
| 2 | Retail Trade | 12 | 13.5% | |
| 3 | Professional, Scientific, and Technical Services | 11 | 12.4% | |
| 4 | Health Care and Social Assistance | 10 | 11.2% | |
| 5 | Finance and Insurance | 8 | 9.0% | |
| 6 | Other Services (except Public Administration) | 6 | 6.7% | |
| 7 | Transportation and Warehousing | 6 | 6.7% | |
| 8 | Wholesale Trade | 5 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 8 | 9.0% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 5 | 5.6% | |
| 3 | Residential Building ConstructionNAICS 2361 | 5 | 5.6% | |
| 4 | Couriers and Express Delivery ServicesNAICS 4921 | 4 | 4.5% | |
| 5 | Other Miscellaneous RetailersNAICS 4599 | 4 | 4.5% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.5% | |
| 7 | Offices of PhysiciansNAICS 6211 | 3 | 3.4% | |
| 8 | Business Schools and Computer and Management TrainingNAICS 6114 | 3 | 3.4% | |
| 9 | Advertising, Public Relations, and Related ServicesNAICS 5418 | 3 | 3.4% | |
| 10 | Death Care ServicesNAICS 8122 | 3 | 3.4% |
Approval sizes
- $50,001 to $150,0006.7%6
- $150,001 to $350,0004.5%4
- $350,001 to $1 million36.0%32
- $1 million to $2 million27.0%24
- Over $2 million25.8%23
Loan terms
- Over 5 to 10 years93.3%83
- Over 20 years6.7%6
Age of the businesses
- Existing, more than 2 years old24.7%22
- New business, 2 years or less25.8%23
- Startup, loan funds will open the business1.1%1
- Change of ownership48.3%43
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 43 | 48.3% | |
| 2 | 7a General | 39 | 43.8% | |
| 3 | Working Capital CAPLine | 7 | 7.9% |
Franchise share
1 of 89 approvals in FY2021–FY2025 (1.1%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Farmers Insurance Agent Appointment Agreement | 1 | 1.1% |
Questions and answers
How many SBA loans does First Bank of Central Ohio make?
SBA approved 38 7(a) loans through First Bank of Central Ohio in FY2025, worth $52.5M, and 89 over FY2021 to FY2025. That ranks 339th of 2,184 active 7(a) lenders by number of approvals.
How large are First Bank of Central Ohio's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $1.1M and the average $1.5M. The program-wide median was $190K.
What is First Bank of Central Ohio's charge-off rate?
First Bank of Central Ohio has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does First Bank of Central Ohio lend to most?
By number of approvals in FY2021 to FY2025: agencies, brokerages, and other insurance related activities (8); building equipment contractors (5); residential building construction (5); couriers and express delivery services (4).
Where does First Bank of Central Ohio make SBA loans?
In 27 states and territories. California 16, Colorado 9, Indiana 7, Florida 7, Ohio 7. In California it accounts for 0.0% of all 7(a) approvals.
Is First Bank of Central Ohio's SBA lending rising?
Volumes are too small to compare periods.
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error