SBA loans by state
SBA loans in Ohio: 1,983 approvals in FY 2026, median $175,500
Home-state lenders made 67% of the loans, against 26% nationwide. The state stood out for loans to ready-mix concrete manufacturing.
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Your loan against approvals in your state
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Ohio: 7(a) loans approved last year
1,983
| Your rate vs. last year’s loans of this size, all states | about the median for this size |
| Ohio: median rate at approval, $50,001 to $250,000 | 9.70% |
| Ohio: median 7(a) loan last year | $175,500 |
| Payment over 10 years, SBA fee added to the loan | $2,378/mo |
Last year’s loans: the 7(a) loans SBA approved from October 1, 2025 to September 30, 2026 (fiscal year 2026), in SBA’s public loan file of September 30, 2026. Rates at approval were set when prime was 6.75% or 7.00%; today: prime rate 7.00% on November 2, 2026. Your rate is compared on its margin over prime, so the change in prime since last year does not count against you.
Ohio, FY 2026: 1,983 SBA 7(a) approvals for $1.1 billion (6th of the 50 states and DC, SBA file of September 30, 2026). Home-state lenders made 67% of the loans, against 26% nationwide. The state stood out for loans to ready-mix concrete manufacturing. Huntington National Bank alone made 35% of the loans. Only 132 lenders were active. Only 7% of variable loans sat at the SBA maximum. Lending was spread out; Franklin County led with 15%. 504 lending was light, 113 approvals. Loans were small: the median was $175,500, against $220,000 nationally. 20% of loans went to businesses not yet open. 31% of approvals were revolving lines of credit. A few large loans pushed the average to $540,431. Today’s cap on a $176,000 variable loan: 13.00%.
Fee notices read and loan file counted by Radif Partners · Editorial policy · Method and sources
| Lender | FY 2026 loans | Median loan | Median variable rate | Lender’s home state |
|---|---|---|---|---|
| Huntington National Bank | 686 | $100,000 | 9.35% | Ohio (in-state) |
| U.S. Bank | 158 | $50,000 | 10.24% | Ohio (in-state) |
| Newtek Bank | 119 | $150,000 | 9.75% | Florida |
| KeyBank | 90 | $212,500 | 9.24% | Ohio (in-state) |
| Northeast Bank | 57 | $150,000 | 10.00% | Maine |
One of the most home-grown SBA markets
Few states rely on their own banks the way Ohio does: 67% of its loans came from a lender headquartered there, the highest among the 50 states and DC. Huntington National Bank, U.S. Bank and KeyBank carry most of that. Margins: 2.50 points over prime at the median for in-state lenders, 2.75 points for the others.
More common here than nationally: ready-mix concrete manufacturing
10 Ohio loans went to ready-mix concrete manufacturing, 13.5 times the national share for that trade. The most frequent trades overall were full-service restaurants, limited-service restaurants and residential remodelers. As a manufacturer (NAICS 31 to 33), a business in this trade pays no FY 2027 guaranty fee on a 7(a) loan of $700,000 or less, and on a 504 project its debenture may reach $5,500,000.
Huntington National Bank dominates
Huntington National Bank alone made 35% of Ohio’s SBA loans, a share for one lender 5th highest among the 50 states and DC, with a median loan of $100,000. The five busiest together made 56%.
Fewer lenders per loan than most states
132 lenders made all 1,983 of Ohio’s loans. For that many loans, its number of lenders is the 7th lowest among the 50 states and DC. The national SBA lenders that work by phone widen the choice.
| Loan size | Loans | Median variable rate, FY 2026 | SBA maximum today |
|---|---|---|---|
| $50,000 or less | 493 | 10.24% | 13.50% |
| $50,001 to $250,000 | 706 | 9.70% | 13.00% |
| $250,001 to $350,000 | 200 | 9.50% | 11.50% |
| over $350,000 | 584 | 8.75% | 10.00% |
Few loans at the ceiling
Only 7% of Ohio’s variable loans were priced at the SBA maximum (11% nationally). A quote at the cap would be out of line with what Ohio lenders usually charged.
Spread across the state
No county dominates: the busiest, Franklin County, had 15% of approvals, followed by Cuyahoga County (230) and Hamilton County (170).
504 lending is light
Ohio had 113 504 approvals ($143.1 million), 5.7 for every 100 7(a) loans against 10.8 nationally. The busiest certified development companies were Alloy Development Co., Inc. (27), Community Capital Development Corporation (21) and Ohio Statewide Development Corporation (16).
Smaller loans, higher allowed margins
Half of Ohio’s approvals were for $175,500 or less, 15th smallest of the 50 states and DC ($220,000 nationally). SBA guarantees 75% of a loan that size and the fee is $3,949, but the variable rate may go up to prime plus 6.0 points, 13.00% today.
Counties with the most approvals: Franklin (297), Cuyahoga (230) and Hamilton (170). Trades: full-service restaurants (84), limited-service restaurants (65), residential remodelers (60), hotels and motels (51) and fitness and recreational sports centers (51).
All states compared.