FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Ohio, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 3,965 loans in Ohio: 3,843 under 7(a) and 122 under 504, worth $1.20bn.
That is about level with FY2023, when there were 3,761 approvals worth $1.11bn.
Ohio accounted for 5.2% of the 76,235 approvals nationwide that year. 143 lenders had at least one approval in the state; The Huntington National Bank had the most, 2,303.
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 FY2024, of 143 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 2,303 | $350M | 58.1% | 2,360 | -57 |
| 2 | U.S. Bank, National Association | 7(a) | 153 | $30.9M | 3.9% | 110 | +43 |
| 3 | KeyBank National Association | 7(a) | 127 | $57.9M | 3.2% | 169 | -42 |
| 4 | Telhio Credit Union Inc | 7(a) | 119 | $25.4M | 3.0% | 80 | +39 |
| 5 | BayFirst National Bank | 7(a) | 75 | $11.4M | 1.9% | 52 | +23 |
| 6 | Readycap Lending, LLC | 7(a) | 72 | $25.4M | 1.8% | 17 | +55 |
| 7 | Northwest Bank | 7(a) | 60 | $33.8M | 1.5% | 25 | +35 |
| 8 | JPMorgan Chase Bank, National Association | 7(a) | 58 | $9.7M | 1.5% | 26 | +32 |
| 9 | Newtek Bank, National Association | 7(a) | 57 | $32.9M | 1.4% | 28 | +29 |
| 10 | PNC Bank, National Association | 7(a) | 54 | $10.0M | 1.4% | 69 | -15 |
| 11 | Northeast Bank | 7(a) | 54 | $4.8M | 1.4% | 7 | +47 |
| 12 | First Commonwealth Bank | 7(a) | 48 | $29.2M | 1.2% | 62 | -14 |
| 13 | Live Oak Banking Company | 7(a) | 45 | $60.0M | 1.1% | 41 | +4 |
| 14 | WesBanco Bank, Inc. | 7(a) | 36 | $13.1M | 0.9% | 30 | +6 |
| 15 | Fifth Third Bank | 7(a) | 33 | $25.8M | 0.8% | 49 | -16 |
| 16 | Alloy Development Co., Inc. | 504 | 31 | $46.7M | 0.8% | 16 | +15 |
| 17 | United Midwest Savings Bank National Association | 7(a) | 31 | $15.2M | 0.8% | 28 | +3 |
| 18 | Community Capital Development Corporation | 504 | 27 | $20.3M | 0.7% | 29 | -2 |
| 19 | Celtic Bank Corporation | 7(a) | 24 | $11.1M | 0.6% | 12 | +12 |
| 20 | New Carlisle Federal Savings Bank | 7(a) | 21 | $5.1M | 0.5% | 1 | +20 |
| 21 | The Community Bank | 7(a) | 21 | $3.1M | 0.5% | 37 | -16 |
| 22 | Consumers National Bank | 7(a) | 18 | $3.0M | 0.5% | 17 | +1 |
| 23 | Growth Capital Corp. | 504 | 17 | $20.3M | 0.4% | 12 | +5 |
| 24 | Peoples Bank | 7(a) | 17 | $5.0M | 0.4% | 32 | -15 |
| 25 | Colony Bank | 7(a) | 17 | $3.2M | 0.4% | 2 | +15 |
| 26 | Valley Economic Development Partners, Inc. | 7(a) | 17 | $2.6M | 0.4% | 8 | +9 |
| 27 | Ohio Statewide Development Corporation | 504 | 16 | $11.1M | 0.4% | 19 | -3 |
| 28 | First Federal Savings and Loan Association of Lakewood | 7(a) | 15 | $8.0M | 0.4% | 8 | +7 |
| 29 | Lendistry SBLC, LLC | 7(a) | 15 | $4.3M | 0.4% | 0 | new |
| 30 | First Financial Bank | 7(a) | 14 | $11.9M | 0.4% | 21 | -7 |
| 31 | Growth Capital Corp. | 7(a) | 14 | $2.7M | 0.4% | 15 | -1 |
| 32 | Buckeye State Bank | 7(a) | 13 | $6.1M | 0.3% | 7 | +6 |
| 33 | GBank | 7(a) | 12 | $35.5M | 0.3% | 8 | +4 |
| 34 | Economic and Community Development Institute | 7(a) | 12 | $2.6M | 0.3% | 13 | -1 |
| 35 | Shoreham Bank | 7(a) | 11 | $29.5M | 0.3% | 8 | +3 |
| 36 | First Internet Bank of Indiana | 7(a) | 11 | $12.6M | 0.3% | 6 | +5 |
| 37 | Cascade Capital Corporation | 504 | 10 | $10.5M | 0.3% | 12 | -2 |
| 38 | Heritage Bank Inc | 7(a) | 10 | $3.4M | 0.3% | 6 | +4 |
| 39 | Citywide Small Business Development Corporation | 504 | 9 | $6.9M | 0.2% | 4 | +5 |
| 40 | The Park National Bank | 7(a) | 9 | $3.0M | 0.2% | 16 | -7 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Franklin County | 612 | $188M | 15.4% | 537 | +75 |
| 2 | Cuyahoga County | 465 | $145M | 11.7% | 454 | +11 |
| 3 | Hamilton County | 253 | $93.3M | 6.4% | 280 | -27 |
| 4 | Summit County | 239 | $87.1M | 6.0% | 246 | -7 |
| 5 | Stark County | 140 | $41.2M | 3.5% | 173 | -33 |
| 6 | Lucas County | 136 | $32.0M | 3.4% | 108 | +28 |
| 7 | Montgomery County | 133 | $58.8M | 3.4% | 117 | +16 |
| 8 | Lorain County | 120 | $21.4M | 3.0% | 122 | -2 |
| 9 | Medina County | 110 | $29.8M | 2.8% | 83 | +27 |
| 10 | Butler County | 109 | $52.5M | 2.7% | 111 | -2 |
| 11 | Delaware County | 106 | $28.6M | 2.7% | 113 | -7 |
| 12 | Lake County | 106 | $39.5M | 2.7% | 88 | +18 |
| 13 | Mahoning County | 86 | $18.8M | 2.2% | 92 | -6 |
| 14 | Licking County | 85 | $30.7M | 2.1% | 80 | +5 |
| 15 | Clermont County | 75 | $33.7M | 1.9% | 56 | +19 |
| 16 | Trumbull County | 74 | $10.0M | 1.9% | 73 | +1 |
| 17 | Portage County | 69 | $14.5M | 1.7% | 55 | +14 |
| 18 | Warren County | 64 | $17.8M | 1.6% | 74 | -10 |
| 19 | Wood County | 58 | $11.2M | 1.5% | 50 | +8 |
| 20 | Fairfield County | 53 | $10.8M | 1.3% | 47 | +6 |
| 21 | Ashtabula County | 53 | $8.6M | 1.3% | 37 | +16 |
| 22 | Columbiana County | 47 | $7.0M | 1.2% | 40 | +7 |
| 23 | Geauga County | 44 | $10.7M | 1.1% | 50 | -6 |
| 24 | Muskingum County | 37 | $7.4M | 0.9% | 42 | -5 |
| 25 | Miami County | 36 | $16.4M | 0.9% | 31 | +5 |
| 26 | Greene County | 33 | $11.6M | 0.8% | 28 | +5 |
| 27 | Tuscarawas County | 33 | $11.1M | 0.8% | 33 | 0 |
| 28 | Clark County | 32 | $17.0M | 0.8% | 15 | +17 |
| 29 | Richland County | 29 | $5.8M | 0.7% | 38 | -9 |
| 30 | Madison County | 26 | $6.5M | 0.7% | 33 | -7 |
| 31 | Wayne County | 25 | $2.6M | 0.6% | 22 | +3 |
| 32 | Union County | 23 | $3.8M | 0.6% | 15 | +8 |
| 33 | Belmont County | 22 | $4.6M | 0.6% | 28 | -6 |
| 34 | Logan County | 22 | $5.3M | 0.6% | 11 | +11 |
| 35 | Erie County | 20 | $7.8M | 0.5% | 25 | -5 |
| 36 | Hancock County | 19 | $3.0M | 0.5% | 24 | -5 |
| 37 | Ottawa County | 18 | $6.4M | 0.5% | 9 | +9 |
| 38 | Jefferson County | 18 | $1.1M | 0.5% | 17 | +1 |
| 39 | Ashland County | 17 | $4.4M | 0.4% | 10 | +7 |
| 40 | Fulton County | 17 | $4.4M | 0.4% | 14 | +3 |
The 40 counties with the most approvals; every county is on the Ohio page.
FY2024 against FY2023
| Ohio | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 3,843 | 3,661 |
| 7(a) dollars | $1.07bn | $1.01bn |
| Median 7(a) approval | $86K | $75K |
| 504 approvals | 122 | 100 |
| 504 dollars | $125M | $99.2M |
| Jobs supported, as reported | 30,043 | 29,201 |
Questions and answers
Which lenders made the most SBA loans in Ohio in FY2024?
The Huntington National Bank (2,303), U.S. Bank, National Association (153), KeyBank National Association (127), Telhio Credit Union Inc (119), BayFirst National Bank (75). 143 lenders had at least one approval.
How many SBA loans were approved in Ohio in FY2024?
3,965: 3,843 under 7(a) worth $1.07bn and 122 under 504 worth $125M.
Which Ohio counties had the most SBA approvals in FY2024?
Franklin County (612), Cuyahoga County (465), Hamilton County (253), Summit County (239), Stark County (140).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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