FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Ohio, FY2023
That fiscal year's approvals by lender and by county.
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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 3,761 loans in Ohio: 3,661 under 7(a) and 100 under 504, worth $1.11bn.
That is about level with FY2022, when there were 3,744 approvals worth $1.20bn.
Ohio accounted for 5.9% of the 63,286 approvals nationwide that year. 133 lenders had at least one approval in the state; The Huntington National Bank had the most, 2,360.
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.
Approvals by lender
The 40 lenders with the most approvals to Ohio businesses in FY2023, of 133 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 2,360 | $338M | 62.7% | 2,406 | -46 |
| 2 | KeyBank National Association | 7(a) | 169 | $41.4M | 4.5% | 141 | +28 |
| 3 | U.S. Bank, National Association | 7(a) | 110 | $15.2M | 2.9% | 108 | +2 |
| 4 | Telhio Credit Union Inc | 7(a) | 80 | $20.9M | 2.1% | 55 | +25 |
| 5 | PNC Bank, National Association | 7(a) | 69 | $20.0M | 1.8% | 50 | +19 |
| 6 | First Commonwealth Bank | 7(a) | 62 | $51.9M | 1.6% | 55 | +7 |
| 7 | BayFirst National Bank | 7(a) | 52 | $7.7M | 1.4% | 19 | +33 |
| 8 | Fifth Third Bank | 7(a) | 49 | $28.7M | 1.3% | 34 | +15 |
| 9 | Live Oak Banking Company | 7(a) | 41 | $48.9M | 1.1% | 35 | +6 |
| 10 | The Community Bank | 7(a) | 37 | $2.6M | 1.0% | 42 | -5 |
| 11 | Peoples Bank | 7(a) | 32 | $9.9M | 0.9% | 29 | +3 |
| 12 | WesBanco Bank, Inc. | 7(a) | 30 | $20.2M | 0.8% | 32 | -2 |
| 13 | Community Capital Development Corporation | 504 | 29 | $18.9M | 0.8% | 37 | -8 |
| 14 | United Midwest Savings Bank National Association | 7(a) | 28 | $20.8M | 0.7% | 22 | +6 |
| 15 | Newtek Bank, National Association | 7(a) | 28 | $13.5M | 0.7% | 0 | new |
| 16 | JPMorgan Chase Bank, National Association | 7(a) | 26 | $8.0M | 0.7% | 12 | +14 |
| 17 | Northwest Bank | 7(a) | 25 | $10.3M | 0.7% | 13 | +12 |
| 18 | First Financial Bank | 7(a) | 21 | $7.1M | 0.6% | 25 | -4 |
| 19 | Ohio Statewide Development Corporation | 504 | 19 | $14.1M | 0.5% | 51 | -32 |
| 20 | Readycap Lending, LLC | 7(a) | 17 | $7.3M | 0.5% | 17 | 0 |
| 21 | German American Bank | 7(a) | 17 | $6.9M | 0.5% | 11 | +6 |
| 22 | Consumers National Bank | 7(a) | 17 | $2.6M | 0.5% | 19 | -2 |
| 23 | Alloy Development Co., Inc. | 504 | 16 | $30.9M | 0.4% | 36 | -20 |
| 24 | The Park National Bank | 7(a) | 16 | $9.0M | 0.4% | 7 | +9 |
| 25 | RiverHills Bank | 7(a) | 15 | $11.1M | 0.4% | 15 | 0 |
| 26 | Growth Capital Corp. | 7(a) | 15 | $2.0M | 0.4% | 19 | -4 |
| 27 | Newtek Small Business Finance, Inc. | 7(a) | 14 | $8.4M | 0.4% | 33 | -19 |
| 28 | CFBank National Association | 7(a) | 13 | $15.2M | 0.3% | 13 | 0 |
| 29 | Economic and Community Development Institute | 7(a) | 13 | $2.6M | 0.3% | 25 | -12 |
| 30 | Cascade Capital Corporation | 504 | 12 | $15.1M | 0.3% | 21 | -9 |
| 31 | Growth Capital Corp. | 504 | 12 | $10.6M | 0.3% | 33 | -21 |
| 32 | Celtic Bank Corporation | 7(a) | 12 | $9.6M | 0.3% | 15 | -3 |
| 33 | The State Bank and Trust Company | 7(a) | 11 | $3.8M | 0.3% | 6 | +5 |
| 34 | First Bank of the Lake | 7(a) | 10 | $11.2M | 0.3% | 0 | new |
| 35 | KEMBA Financial CU | 7(a) | 10 | $5.6M | 0.3% | 11 | -1 |
| 36 | Byline Bank | 7(a) | 9 | $20.8M | 0.2% | 11 | -2 |
| 37 | Wright Patt Credit Union Inc | 7(a) | 9 | $13.1M | 0.2% | 13 | -4 |
| 38 | Shoreham Bank | 7(a) | 8 | $24.1M | 0.2% | 4 | +4 |
| 39 | GBank | 7(a) | 8 | $21.8M | 0.2% | 11 | -3 |
| 40 | First National Bank of Pennsylvania | 7(a) | 8 | $5.9M | 0.2% | 1 | +7 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Franklin County | 537 | $147M | 14.3% | 472 | +65 |
| 2 | Cuyahoga County | 454 | $140M | 12.1% | 477 | -23 |
| 3 | Hamilton County | 280 | $88.0M | 7.4% | 266 | +14 |
| 4 | Summit County | 246 | $61.2M | 6.5% | 240 | +6 |
| 5 | Stark County | 173 | $45.3M | 4.6% | 178 | -5 |
| 6 | Lorain County | 122 | $27.9M | 3.2% | 119 | +3 |
| 7 | Montgomery County | 117 | $65.3M | 3.1% | 126 | -9 |
| 8 | Delaware County | 113 | $40.2M | 3.0% | 108 | +5 |
| 9 | Butler County | 111 | $35.8M | 3.0% | 91 | +20 |
| 10 | Lucas County | 108 | $22.8M | 2.9% | 131 | -23 |
| 11 | Mahoning County | 92 | $32.6M | 2.4% | 81 | +11 |
| 12 | Lake County | 88 | $24.4M | 2.3% | 113 | -25 |
| 13 | Medina County | 83 | $18.8M | 2.2% | 95 | -12 |
| 14 | Licking County | 80 | $19.2M | 2.1% | 71 | +9 |
| 15 | Warren County | 74 | $29.1M | 2.0% | 87 | -13 |
| 16 | Trumbull County | 73 | $17.1M | 1.9% | 73 | 0 |
| 17 | Clermont County | 56 | $26.3M | 1.5% | 58 | -2 |
| 18 | Portage County | 55 | $18.1M | 1.5% | 61 | -6 |
| 19 | Wood County | 50 | $13.2M | 1.3% | 43 | +7 |
| 20 | Geauga County | 50 | $16.1M | 1.3% | 71 | -21 |
| 21 | Fairfield County | 47 | $26.7M | 1.2% | 46 | +1 |
| 22 | Muskingum County | 42 | $6.5M | 1.1% | 44 | -2 |
| 23 | Columbiana County | 40 | $9.2M | 1.1% | 33 | +7 |
| 24 | Richland County | 38 | $15.5M | 1.0% | 21 | +17 |
| 25 | Ashtabula County | 37 | $6.9M | 1.0% | 50 | -13 |
| 26 | Madison County | 33 | $9.9M | 0.9% | 18 | +15 |
| 27 | Tuscarawas County | 33 | $5.4M | 0.9% | 38 | -5 |
| 28 | Miami County | 31 | $6.9M | 0.8% | 37 | -6 |
| 29 | Belmont County | 28 | $9.4M | 0.7% | 17 | +11 |
| 30 | Greene County | 28 | $5.9M | 0.7% | 26 | +2 |
| 31 | Erie County | 25 | $4.5M | 0.7% | 12 | +13 |
| 32 | Hancock County | 24 | $7.9M | 0.6% | 29 | -5 |
| 33 | Defiance County | 23 | $6.7M | 0.6% | 11 | +12 |
| 34 | Wayne County | 22 | $3.1M | 0.6% | 33 | -11 |
| 35 | Pickaway County | 21 | $7.8M | 0.6% | 15 | +6 |
| 36 | Jefferson County | 17 | $2.0M | 0.5% | 25 | -8 |
| 37 | Clark County | 15 | $4.6M | 0.4% | 6 | +9 |
| 38 | Union County | 15 | $4.5M | 0.4% | 24 | -9 |
| 39 | Ross County | 15 | $1.4M | 0.4% | 9 | +6 |
| 40 | Guernsey County | 15 | $2.5M | 0.4% | 17 | -2 |
The 40 counties with the most approvals; every county is on the Ohio page.
FY2023 against FY2022
| Ohio | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 3,661 | 3,537 |
| 7(a) dollars | $1.01bn | $1.04bn |
| Median 7(a) approval | $75K | $80K |
| 504 approvals | 100 | 207 |
| 504 dollars | $99.2M | $164M |
| Jobs supported, as reported | 29,201 | 26,836 |
Questions and answers
Which lenders made the most SBA loans in Ohio in FY2023?
The Huntington National Bank (2,360), KeyBank National Association (169), U.S. Bank, National Association (110), Telhio Credit Union Inc (80), PNC Bank, National Association (69). 133 lenders had at least one approval.
How many SBA loans were approved in Ohio in FY2023?
3,761: 3,661 under 7(a) worth $1.01bn and 100 under 504 worth $99.2M.
Which Ohio counties had the most SBA approvals in FY2023?
Franklin County (537), Cuyahoga County (454), Hamilton County (280), Summit County (246), Stark County (173).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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