Lenders › The Park National Bank
7(a) lenderNewark, OhioFDIC-insured bank384th of 2,184 by approvals
The Park National Bank
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.
The Park National Bank, based in Newark, Ohio, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 77 of its 7(a) loans worth $40.0M in FY2021 to FY2025, which places it 384th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 22 approvals totalling $11.0M, up 10% on FY2024 (20). FY2026 to 30 Jun 2026 adds 23 more.
The median approval was $270K, against $190K for the 7(a) program as a whole; 29.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 5 states and territories and 38 counties, led by Ohio (67.5%), South Carolina (14.3%) and North Carolina (14.3%). The largest industry group was accommodation and food services at 18.2% of approvals, and 19.5% of approvals were to franchise businesses.
Of 254 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (2.0%), 231 as paid in full and 18 still outstanding; the 7(a) program figure for the same approval years is 6.6%, 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* | 23 | $10.4M | $200K | $452K | 277 |
| FY2025 | 22 | $11.0M | $250K | $501K | 213 |
| FY2024 | 20 | $8.5M | $286K | $426K | 299 |
| FY2023 | 16 | $9.0M | $325K | $563K | 199 |
| FY2022 | 8 | $5.3M | $461K | $663K | 124 |
| FY2021 | 11 | $6.1M | $414K | $557K | 112 |
| FY2020 | 14 | $5.2M | $232K | $369K | 127 |
| FY2019 | 13 | $5.2M | $212K | $396K | 165 |
| FY2018 | 47 | $10.2M | $100K | $217K | 464 |
| FY2017 | 21 | $5.5M | $90K | $264K | 254 |
| FY2016 | 21 | $7.9M | $121K | $375K | 294 |
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 116 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 | 7(a) program |
|---|---|---|---|
| Approvals in these years | 270 | 36,740 | 639,905 |
| Cancelled or never disbursed | 16 | 5,259 | 79,313 |
| Disbursed loans | 254 | 31,481 | 560,592 |
| Paid in full | 231 | 25,599 | 435,813 |
| Charged off | 5 | 1,791 | 36,891 |
| Still outstanding (status exempt from disclosure) | 18 | 4,091 | 87,888 |
| Charged off, share of disbursed loans | 2.0% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.5% | 2.7% | 2.5% |
| Dollars charged off | $379K | $213M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 8 | 5 | 0 | — | 2.8% |
| FY2020 | 13 | 10 | 1 | — | 4.0% |
| FY2019 | 13 | 9 | 0 | — | 6.7% |
| FY2018 | 47 | 42 | 0 | 0.0% | 7.9% |
| FY2017 | 21 | 20 | 0 | — | 7.7% |
| FY2016 | 20 | 19 | 0 | — | 7.2% |
| FY2015 | 15 | 13 | 1 | — | 6.9% |
| FY2014 | 24 | 23 | 1 | — | 6.4% |
| FY2013 | 21 | 19 | 2 | — | 6.0% |
| FY2012 | 9 | 9 | 0 | — | 6.3% |
| FY2011 | 34 | 33 | 0 | 0.0% | 6.9% |
| FY2010 | 29 | 29 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $270K | $190K |
| Average approval | $519K | $518K |
| Approvals of $150,000 or less | 29.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 28.6% | 34.3% |
| Approvals to franchise businesses | 19.5% | 11.5% |
| Jobs supported per approval, as reported | 12.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.0% | 6.6% |
States served
| # | State of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Ohio | 52 | $24.7M | 67.5% | |
| 2 | South Carolina | 11 | $8.9M | 14.3% | |
| 3 | North Carolina | 11 | $2.5M | 14.3% | |
| 4 | Georgia | 2 | — | 2.6% | |
| 5 | Texas | 1 | — | 1.3% |
In Ohio the lender accounts for 0.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (38 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Franklin County, OH | 10 | $1.9M | 13.0% | |
| 2 | Licking County, OH | 6 | $2.9M | 7.8% | |
| 3 | Anderson County, SC | 5 | $6.0M | 6.5% | |
| 4 | Henderson County, NC | 4 | $665K | 5.2% | |
| 5 | Knox County, OH | 3 | $2.9M | 3.9% | |
| 6 | Pickaway County, OH | 3 | $2.7M | 3.9% | |
| 7 | Muskingum County, OH | 3 | $1.6M | 3.9% | |
| 8 | Spartanburg County, SC | 3 | $1.2M | 3.9% | |
| 9 | Buncombe County, NC | 3 | $815K | 3.9% | |
| 10 | Mecklenburg County, NC | 3 | $674K | 3.9% | |
| 11 | Forsyth County, GA | 2 | — | 2.6% | |
| 12 | Cuyahoga County, OH | 2 | — | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 14 | 18.2% | |
| 2 | Retail Trade | 12 | 15.6% | |
| 3 | Manufacturing | 9 | 11.7% | |
| 4 | Construction | 9 | 11.7% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 6.5% | |
| 6 | Health Care and Social Assistance | 5 | 6.5% | |
| 7 | Other Services (except Public Administration) | 5 | 6.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 4 | 5.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 15.6% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 5 | 6.5% | |
| 3 | Sawmills and Wood PreservationNAICS 3211 | 3 | 3.9% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.9% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 3.9% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 3 | 3.9% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 2.6% | |
| 8 | Building Material and Supplies DealersNAICS 4441 | 2 | 2.6% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 2 | 2.6% | |
| 10 | Grocery StoresNAICS 4451 | 2 | 2.6% |
Approval sizes
- $50,000 or less7.8%6
- $50,001 to $150,00022.1%17
- $150,001 to $350,00028.6%22
- $350,001 to $1 million31.2%24
- $1 million to $2 million6.5%5
- Over $2 million3.9%3
Loan terms
- 5 years or less13.0%10
- Over 5 to 10 years66.2%51
- Over 10 to 20 years11.7%9
- Over 20 years9.1%7
Age of the businesses
- Existing, more than 2 years old63.6%49
- New business, 2 years or less23.4%18
- Startup, loan funds will open the business5.2%4
- Change of ownership7.8%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 48 | 62.3% | |
| 2 | SBA Express Program | 25 | 32.5% | |
| 3 | 7a General | 3 | 3.9% | |
| 4 | Working Capital CAPLine | 1 | 1.3% |
Franchise share
15 of 77 approvals in FY2021–FY2025 (19.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Jimmy John's | 4 | 5.2% | |
| 2 | Subway | 3 | 3.9% | |
| 3 | Donatos Pizza | 1 | 1.3% | |
| 4 | Dairy Queen of Mid Ohio Inc. | 1 | 1.3% | |
| 5 | iCRYO Franchise System LLC | 1 | 1.3% | |
| 6 | Crumbl | 1 | 1.3% | |
| 7 | Burn Boot Camp Fitness | 1 | 1.3% | |
| 8 | Kona Ice | 1 | 1.3% |
Questions and answers
How many SBA loans does The Park National Bank make?
SBA approved 22 7(a) loans through The Park National Bank in FY2025, worth $11.0M, and 77 over FY2021 to FY2025. That ranks 384th of 2,184 active 7(a) lenders by number of approvals.
How large are The Park National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $270K and the average $519K. The program-wide median was $190K.
What is The Park National Bank's charge-off rate?
Of 254 disbursed loans approved in FY2010 to FY2021, SBA records 5 as charged off (2.0%), 231 as paid in full and 18 still outstanding; the 7(a) program figure for the same approval years is 6.6%, 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 The Park National Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (12); building equipment contractors (5); sawmills and wood preservation (3); other amusement and recreation industries (3).
Where does The Park National Bank make SBA loans?
In 5 states and territories. Ohio 52, South Carolina 11, North Carolina 11, Georgia 2, Texas 1. In Ohio it accounts for 0.3% of all 7(a) approvals.
Is The Park National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 58, against 33 in the three before: rising (+76%).
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