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Ohio · Manufacturing
SBA loans for manufacturing in Ohio
941 loans worth $365.0M approved since FY2010 for manufacturing projects located in Ohio.
Loans
941
Approved
$365.0M
Median loan
$113,600
-43% vs sector nationally
Median rate
6.32%
Jobs supported
11,742
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 manufacturing in Ohio
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 433 | $96.2M | |
| First Commonwealth Bank | 26 | $20.8M | |
| Alloy Development Co., Inc. | 17 | $19.5M | |
| German American Bank | 37 | $15.5M | |
| U.S. Bank | 30 | $13.4M | |
| KeyBank | 39 | $13.0M | |
| Peoples Bank | 19 | $12.7M | |
| Fifth Third Bank | 20 | $12.5M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for manufacturing in Ohio since FY2010 was $113,600. 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.
All SBA lending in Ohio
55,627 loans across every sector.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in Ohio?
- 941 SBA loans totalling $364,986,900 have been approved for manufacturing projects in Ohio since FY2010.
- Which lenders finance manufacturing in Ohio?
- The most active by dollars approved are The Huntington National Bank, First Commonwealth Bank, Alloy Development Co., Inc., German American Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in Ohio?
- The median approval is $113,600, 43% below the national median for this sector ($200,000).
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