Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
SBA data · Ohio
SBA lenders in Ohio
55,627 loans worth $16.30B have been approved for Ohio projects since FY2010 - the #7 state by SBA dollars, 3.2% of the national total.
State rank
#7
by dollars approved
Approved
$16.30B
FY2010 onward
Loans
55,627
Median loan
$80,400
-55% vs national
Median 7(a) rate
6.25%
Jobs supported
459,730
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Ohio
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in OH | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | $5.02B | 31,357 | $160,228 | |
| 2 | KeyBank | $683.1M | 1,835 | $372,243 | |
| 3 | Live Oak Banking Company | $614.7M | 497 | $1,236,855 | |
| 4 | U.S. Bank | $534.0M | 2,537 | $210,471 | |
| 5 | Alloy Development Co., Inc. | $498.3M | 664 | $750,524 | |
| 6 | Growth Capital Corp. | $435.0M | 996 | $436,747 | |
| 7 | Fifth Third Bank | $389.2M | 888 | $438,307 | |
| 8 | First Financial Bank | $365.6M | 906 | $403,488 | |
| 9 | First Commonwealth Bank | $344.4M | 519 | $663,508 | |
| 10 | United Midwest Savings Bank | $266.4M | 371 | $718,006 | |
| 11 | Community Capital Development Corporation | $261.6M | 470 | $556,526 | |
| 12 | Ohio Statewide Development Corporation | $258.4M | 474 | $545,175 |
An SBA 7(a) lender for loans this size
80% of the SBA loans approved in Ohio since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
By sector in Ohio
- Restaurants & Hotels6,878 · $3.03B
- Health Care4,255 · $1.62B
- Construction8,186 · $1.37B
- Other Services4,675 · $1.16B
- Professional Services4,330 · $1.13B
- Retail3,868 · $1.05B
- Wholesale2,016 · $888.7M
- Transportation6,422 · $786.5M
- Arts & Recreation1,700 · $662.0M
- Administrative & Waste3,026 · $610.0M
- Real Estate1,033 · $426.8M
- Manufacturing941 · $365.0M
- Finance & Insurance802 · $244.9M
- Information486 · $183.7M
- Education636 · $163.5M
- Agriculture264 · $95.5M
- Mining & Energy61 · $30.5M
- Management23 · $19.2M
- Utilities37 · $7.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Ohio. The final bar is a partial fiscal year.
Loan sizes in Ohio
- Under $50K33%
- $50K - $150K30%
- $150K - $350K17%
- $350K - $1M13%
- $1M - $2M5%
- Over $2M3%
SBA lending in Ohio: common questions
- How many SBA loans are approved in Ohio?
- 55,627 SBA 7(a) and 504 loans totalling $16,304,314,600 have been approved for projects in Ohio since fiscal year 2010, ranking it #7 among states and territories by dollars approved - 3.2% of all SBA lending nationally.
- Which lenders make the most SBA loans in Ohio?
- By dollars approved in Ohio, the most active lenders are The Huntington National Bank, KeyBank, Live Oak Banking Company, U.S. Bank, Alloy Development Co., Inc.. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Ohio?
- The median gross approval in Ohio is $80,400, 55% below the national median of $180,000. Half of all loans in the state fall between $20,000 and $740,000.
- Do I need to use a lender based in Ohio?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Ohio, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.