Lenders › Ohio Statewide Development Corporation
504 CDCColumbus, Ohiocertified development company56th of 182 by approvals
Ohio Statewide Development Corporation
SBA 504 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.
In FY2021 to FY2025 SBA approved 145 504 loans, worth $94.8M, through Ohio Statewide Development Corporation of Columbus, Ohio, a certified development company (CDC) that makes SBA 504 loans. By number of approvals that is 56th among 182 active CDCs.
In FY2025, the latest complete fiscal year, it had 10 approvals totalling $6.3M, down 37% on FY2024 (16). FY2026 to 30 Jun 2026 adds 13 more.
The median approval was $453K, against $657K for the 504 program as a whole; 13.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 2 states and territories and 34 counties, led by Ohio (99.3%) and Kentucky (0.7%). The largest industry group was other services (except public administration) at 14.5% of approvals, and 13.1% of approvals were to franchise businesses.
Of 324 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (0.3%), 147 as paid in full and 176 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is below it.
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* | 13 | $10.3M | $493K | $795K | 80 |
| FY2025 | 10 | $6.3M | $626K | $629K | 83 |
| FY2024 | 16 | $11.1M | $483K | $695K | 91 |
| FY2023 | 19 | $14.1M | $396K | $740K | 141 |
| FY2022 | 52 | $37.0M | $430K | $711K | 293 |
| FY2021 | 48 | $26.3M | $430K | $548K | 216 |
| FY2020 | 25 | $12.3M | $228K | $493K | 100 |
| FY2019 | 26 | $16.9M | $496K | $648K | 243 |
| FY2018 | 33 | $17.1M | $335K | $517K | 133 |
| FY2017 | 25 | $11.9M | $299K | $478K | 198 |
| FY2016 | 22 | $8.7M | $294K | $394K | 155 |
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 131 approvals. First approval on file: FY2010.
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 | Ohio | 504 program |
|---|---|---|---|
| Approvals in these years | 366 | 2,374 | 85,591 |
| Cancelled or never disbursed | 42 | 313 | 12,514 |
| Disbursed loans | 324 | 2,061 | 73,077 |
| Paid in full | 147 | 983 | 35,491 |
| Charged off | 1 | 31 | 905 |
| Still outstanding (status exempt from disclosure) | 176 | 1,047 | 36,681 |
| Charged off, share of disbursed loans | 0.3% | 1.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.9% | 1.4% | 0.9% |
| Dollars charged off | $1.4M | $15.6M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 40 | 7 | 0 | 0.0% | 0.1% |
| FY2020 | 24 | 5 | 0 | — | 0.1% |
| FY2019 | 24 | 6 | 0 | — | 0.3% |
| FY2018 | 31 | 6 | 1 | 3.2% | 0.4% |
| FY2017 | 22 | 6 | 0 | — | 0.8% |
| FY2016 | 17 | 6 | 0 | — | 1.0% |
| FY2015 | 20 | 14 | 0 | — | 1.2% |
| FY2014 | 26 | 12 | 0 | — | 1.3% |
| FY2013 | 33 | 22 | 0 | 0.0% | 1.4% |
| FY2012 | 32 | 23 | 0 | 0.0% | 2.0% |
| FY2011 | 26 | 19 | 0 | — | 2.1% |
| FY2010 | 29 | 21 | 0 | — | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $453K | $657K |
| Average approval | $653K | $1.0M |
| Approvals of $150,000 or less | 13.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 9.0% | 14.4% |
| Approvals to franchise businesses | 13.1% | 9.0% |
| Jobs supported per approval, as reported | 5.7 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.3% | 1.2% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Ohio | 144 | $94.0M | 99.3% | |
| 2 | Kentucky | 1 | — | 0.7% |
In Ohio the lender accounts for 18.3% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (34 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Franklin County, OH | 59 | $34.6M | 40.7% | |
| 2 | Fairfield County, OH | 12 | $9.7M | 8.3% | |
| 3 | Licking County, OH | 12 | $4.5M | 8.3% | |
| 4 | Hamilton County, OH | 8 | $3.2M | 5.5% | |
| 5 | Delaware County, OH | 7 | $3.7M | 4.8% | |
| 6 | Montgomery County, OH | 4 | $3.8M | 2.8% | |
| 7 | Miami County, OH | 4 | $2.2M | 2.8% | |
| 8 | Van Wert County, OH | 3 | $3.7M | 2.1% | |
| 9 | Hancock County, OH | 3 | $3.0M | 2.1% | |
| 10 | Hocking County, OH | 3 | $2.0M | 2.1% | |
| 11 | Knox County, OH | 3 | $1.5M | 2.1% | |
| 12 | Union County, OH | 2 | — | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 21 | 14.5% | |
| 2 | Health Care and Social Assistance | 20 | 13.8% | |
| 3 | Manufacturing | 19 | 13.1% | |
| 4 | Professional, Scientific, and Technical Services | 18 | 12.4% | |
| 5 | Accommodation and Food Services | 15 | 10.3% | |
| 6 | Retail Trade | 13 | 9.0% | |
| 7 | Construction | 10 | 6.9% | |
| 8 | Real Estate and Rental and Leasing | 8 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Drycleaning and Laundry ServicesNAICS 8123 | 8 | 5.5% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 5.5% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 5.5% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 7 | 4.8% | |
| 5 | Traveler AccommodationNAICS 7211 | 6 | 4.1% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 6 | 4.1% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 5 | 3.4% | |
| 8 | Other Miscellaneous ManufacturingNAICS 3399 | 4 | 2.8% | |
| 9 | Offices of PhysiciansNAICS 6211 | 4 | 2.8% | |
| 10 | Lessors of Real EstateNAICS 5311 | 4 | 2.8% |
Approval sizes
- $50,001 to $150,00013.1%19
- $150,001 to $350,00023.4%34
- $350,001 to $1 million45.5%66
- $1 million to $2 million12.4%18
- Over $2 million5.5%8
Loan terms
- Over 5 to 10 years2.8%4
- Over 10 to 20 years24.1%35
- Over 20 years73.1%106
Age of the businesses
- Existing, more than 2 years old88.3%128
- New business, 2 years or less2.1%3
- Startup, loan funds will open the business6.9%10
- Change of ownership2.8%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 88 | 60.7% | |
| 2 | Accredited Lenders Program | 32 | 22.1% | |
| 3 | ALP Express | 20 | 13.8% | |
| 4 | 504 Refinancing Program | 5 | 3.4% |
Franchise share
19 of 145 approvals in FY2021–FY2025 (13.1%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Kiddie Academy | 2 | 1.4% | |
| 2 | Ford Motor Company Dealer Sales and Service Agreement | 1 | 0.7% | |
| 3 | Do it Best | 1 | 0.7% | |
| 4 | Holiday Inn Express | 1 | 0.7% | |
| 5 | The Barrington School | 1 | 0.7% | |
| 6 | Suburban Studios ES | 1 | 0.7% | |
| 7 | Beck Suppliers Inc | 1 | 0.7% | |
| 8 | Crdn | 1 | 0.7% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | The Park National Bank | 32 | 22.1% | |
| 2 | German American Bank | 23 | 15.9% | |
| 3 | Buckeye State Bank | 10 | 6.9% | |
| 4 | The Citizens National Bank of Bluffton | 8 | 5.5% | |
| 5 | First Commonwealth Bank | 8 | 5.5% | |
| 6 | The Savings Bank | 6 | 4.1% | |
| 7 | The Huntington National Bank | 6 | 4.1% | |
| 8 | Peoples Bank | 5 | 3.4% |
Questions and answers
How many SBA loans does Ohio Statewide Development Corporation make?
SBA approved 10 504 loans through Ohio Statewide Development Corporation in FY2025, worth $6.3M, and 145 over FY2021 to FY2025. That ranks 56th of 182 active CDCs by number of approvals.
How large are Ohio Statewide Development Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $453K and the average $653K. The program-wide median was $657K.
What is Ohio Statewide Development Corporation's charge-off rate?
Of 324 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (0.3%), 147 as paid in full and 176 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is below it. 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 Ohio Statewide Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: drycleaning and laundry services (8); automotive repair and maintenance (8); restaurants and other eating places (8); offices of other health practitioners (7).
Where does Ohio Statewide Development Corporation make SBA loans?
In 2 states and territories. Ohio 144, Kentucky 1. In Ohio it accounts for 18.3% of all 504 approvals.
Is Ohio Statewide Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 45, against 125 in the three before: falling (-64%).
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