Ohio · Education
SBA loans for education in Ohio
636 loans worth $163.5M approved since FY2010 for educational services projects located in Ohio.
Loans
636
Approved
$163.5M
Median loan
$85,000
-43% vs sector nationally
Median rate
6.75%
Jobs supported
6,651
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.
Lenders
Who lends to education in Ohio
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 345 | $61.5M | |
| Growth Capital Corp. | 19 | $10.9M | |
| First Merchants Bank | 5 | $8.3M | |
| Byline Bank | 6 | $7.3M | |
| Alloy Development Co., Inc. | 10 | $6.7M | |
| PNC Bank | 17 | $4.7M | |
| KeyBank | 22 | $4.7M | |
| U.S. Bank | 20 | $3.4M |
Detail
Which industries inside the sector
All SBA lending in Ohio
55,627 loans across every sector.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in Ohio?
- 636 SBA loans totalling $163,541,600 have been approved for educational services projects in Ohio since FY2010.
- Which lenders finance education in Ohio?
- The most active by dollars approved are The Huntington National Bank, Growth Capital Corp., First Merchants Bank, Byline Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in Ohio?
- The median approval is $85,000, 43% below the national median for this sector ($150,000).
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