FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Ohio, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 3,466 loans in Ohio: 3,339 under 7(a) and 127 under 504, worth $1.37bn.
That is down 13% on FY2024, when there were 3,965 approvals worth $1.20bn.
Ohio accounted for 4.1% of the 84,840 approvals nationwide that year. 154 lenders had at least one approval in the state; The Huntington National Bank had the most, 1,714.
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 FY2025, of 154 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 1,714 | $343M | 49.5% | 2,303 | -589 |
| 2 | U.S. Bank, National Association | 7(a) | 194 | $64.0M | 5.6% | 153 | +41 |
| 3 | Northeast Bank | 7(a) | 158 | $24.1M | 4.6% | 54 | +104 |
| 4 | KeyBank National Association | 7(a) | 104 | $39.3M | 3.0% | 127 | -23 |
| 5 | Newtek Bank, National Association | 7(a) | 89 | $38.9M | 2.6% | 57 | +32 |
| 6 | First Commonwealth Bank | 7(a) | 64 | $48.8M | 1.8% | 48 | +16 |
| 7 | Readycap Lending, LLC | 7(a) | 62 | $21.0M | 1.8% | 72 | -10 |
| 8 | Live Oak Banking Company | 7(a) | 58 | $80.4M | 1.7% | 45 | +13 |
| 9 | United Midwest Savings Bank National Association | 7(a) | 45 | $23.6M | 1.3% | 31 | +14 |
| 10 | JPMorgan Chase Bank, National Association | 7(a) | 44 | $12.8M | 1.3% | 58 | -14 |
| 11 | Telhio Credit Union Inc | 7(a) | 44 | $12.0M | 1.3% | 119 | -75 |
| 12 | BayFirst National Bank | 7(a) | 41 | $6.0M | 1.2% | 75 | -34 |
| 13 | Celtic Bank Corporation | 7(a) | 36 | $15.1M | 1.0% | 24 | +12 |
| 14 | Fifth Third Bank | 7(a) | 36 | $11.1M | 1.0% | 33 | +3 |
| 15 | Lendistry SBLC, LLC | 7(a) | 33 | $10.2M | 1.0% | 15 | +18 |
| 16 | Alloy Development Co., Inc. | 504 | 32 | $38.8M | 0.9% | 31 | +1 |
| 17 | First Financial Bank | 7(a) | 28 | $17.3M | 0.8% | 14 | +14 |
| 18 | PNC Bank, National Association | 7(a) | 28 | $12.1M | 0.8% | 54 | -26 |
| 19 | Consumers National Bank | 7(a) | 28 | $8.4M | 0.8% | 18 | +10 |
| 20 | Northwest Bank | 7(a) | 26 | $11.0M | 0.8% | 60 | -34 |
| 21 | WesBanco Bank, Inc. | 7(a) | 23 | $22.1M | 0.7% | 36 | -13 |
| 22 | Growth Capital Corp. | 504 | 22 | $19.5M | 0.6% | 17 | +5 |
| 23 | Growth Capital Corp. | 7(a) | 21 | $3.3M | 0.6% | 14 | +7 |
| 24 | GBank | 7(a) | 20 | $49.3M | 0.6% | 12 | +8 |
| 25 | Buckeye State Bank | 7(a) | 18 | $5.4M | 0.5% | 13 | +5 |
| 26 | Community Capital Development Corporation | 504 | 17 | $9.3M | 0.5% | 27 | -10 |
| 27 | Peoples Bank | 7(a) | 17 | $8.9M | 0.5% | 17 | 0 |
| 28 | Shoreham Bank | 7(a) | 16 | $38.0M | 0.5% | 11 | +5 |
| 29 | Cascade Capital Corporation | 504 | 14 | $20.4M | 0.4% | 10 | +4 |
| 30 | The Community Bank | 7(a) | 14 | $1.3M | 0.4% | 21 | -7 |
| 31 | Riverside Bank of Dublin | 7(a) | 12 | $6.9M | 0.3% | 4 | +8 |
| 32 | The Park National Bank | 7(a) | 12 | $3.5M | 0.3% | 9 | +3 |
| 33 | First Bank of the Lake | 7(a) | 11 | $12.8M | 0.3% | 8 | +3 |
| 34 | First National Bank of Pennsylvania | 7(a) | 11 | $8.5M | 0.3% | 2 | +9 |
| 35 | Heritage Bank Inc | 7(a) | 11 | $6.5M | 0.3% | 10 | +1 |
| 36 | First Federal Savings and Loan Association of Lakewood | 7(a) | 11 | $3.8M | 0.3% | 15 | -4 |
| 37 | Valley Economic Development Partners, Inc. | 504 | 11 | $3.7M | 0.3% | 3 | +8 |
| 38 | Ohio Statewide Development Corporation | 504 | 10 | $6.3M | 0.3% | 16 | -6 |
| 39 | Bank Five Nine | 7(a) | 9 | $6.3M | 0.3% | 3 | +6 |
| 40 | Harvest Small Business Finance, LLC | 7(a) | 9 | $4.5M | 0.3% | 4 | +5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Franklin County | 485 | $187M | 14.0% | 612 | -127 |
| 2 | Cuyahoga County | 406 | $161M | 11.7% | 465 | -59 |
| 3 | Hamilton County | 241 | $121M | 7.0% | 253 | -12 |
| 4 | Summit County | 219 | $88.8M | 6.3% | 239 | -20 |
| 5 | Stark County | 146 | $52.5M | 4.2% | 140 | +6 |
| 6 | Lucas County | 138 | $46.3M | 4.0% | 136 | +2 |
| 7 | Montgomery County | 137 | $52.9M | 4.0% | 133 | +4 |
| 8 | Delaware County | 133 | $57.5M | 3.8% | 106 | +27 |
| 9 | Lorain County | 104 | $29.8M | 3.0% | 120 | -16 |
| 10 | Butler County | 99 | $50.9M | 2.9% | 109 | -10 |
| 11 | Mahoning County | 92 | $34.6M | 2.7% | 86 | +6 |
| 12 | Warren County | 91 | $42.1M | 2.6% | 64 | +27 |
| 13 | Lake County | 71 | $31.9M | 2.0% | 106 | -35 |
| 14 | Clermont County | 68 | $28.4M | 2.0% | 75 | -7 |
| 15 | Medina County | 67 | $25.8M | 1.9% | 110 | -43 |
| 16 | Trumbull County | 62 | $12.2M | 1.8% | 74 | -12 |
| 17 | Portage County | 53 | $30.8M | 1.5% | 69 | -16 |
| 18 | Licking County | 46 | $20.0M | 1.3% | 85 | -39 |
| 19 | Geauga County | 44 | $10.5M | 1.3% | 44 | 0 |
| 20 | Greene County | 39 | $32.1M | 1.1% | 33 | +6 |
| 21 | Wood County | 39 | $11.3M | 1.1% | 58 | -19 |
| 22 | Columbiana County | 39 | $10.3M | 1.1% | 47 | -8 |
| 23 | Fairfield County | 37 | $10.7M | 1.1% | 53 | -16 |
| 24 | Ashtabula County | 34 | $7.4M | 1.0% | 53 | -19 |
| 25 | Madison County | 32 | $12.3M | 0.9% | 26 | +6 |
| 26 | Wayne County | 32 | $7.0M | 0.9% | 25 | +7 |
| 27 | Tuscarawas County | 31 | $10.0M | 0.9% | 33 | -2 |
| 28 | Muskingum County | 28 | $6.0M | 0.8% | 37 | -9 |
| 29 | Clark County | 24 | $14.4M | 0.7% | 32 | -8 |
| 30 | Miami County | 23 | $10.7M | 0.7% | 36 | -13 |
| 31 | Union County | 23 | $14.5M | 0.7% | 23 | 0 |
| 32 | Jefferson County | 23 | $6.0M | 0.7% | 18 | +5 |
| 33 | Allen County | 17 | $3.8M | 0.5% | 16 | +1 |
| 34 | Hancock County | 16 | $14.2M | 0.5% | 19 | -3 |
| 35 | Pickaway County | 15 | $2.0M | 0.4% | 10 | +5 |
| 36 | Erie County | 13 | $2.3M | 0.4% | 20 | -7 |
| 37 | Logan County | 13 | $4.7M | 0.4% | 22 | -9 |
| 38 | Shelby County | 12 | $5.6M | 0.3% | 8 | +4 |
| 39 | Fulton County | 12 | $1.7M | 0.3% | 17 | -5 |
| 40 | Guernsey County | 12 | $1.6M | 0.3% | 15 | -3 |
The 40 counties with the most approvals; every county is on the Ohio page.
FY2025 against FY2024
| Ohio | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 3,339 | 3,843 |
| 7(a) dollars | $1.25bn | $1.07bn |
| Median 7(a) approval | $116K | $86K |
| 504 approvals | 127 | 122 |
| 504 dollars | $116M | $125M |
| Jobs supported, as reported | 30,715 | 30,043 |
Questions and answers
Which lenders made the most SBA loans in Ohio in FY2025?
The Huntington National Bank (1,714), U.S. Bank, National Association (194), Northeast Bank (158), KeyBank National Association (104), Newtek Bank, National Association (89). 154 lenders had at least one approval.
How many SBA loans were approved in Ohio in FY2025?
3,466: 3,339 under 7(a) worth $1.25bn and 127 under 504 worth $116M.
Which Ohio counties had the most SBA approvals in FY2025?
Franklin County (485), Cuyahoga County (406), Hamilton County (241), Summit County (219), Stark County (146).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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