Top SBA Lenders in Ohio

In the heart of the Midwest, Ohio stands as a hub for businesses seeking to thrive, and Small Business Administration (SBA) loans play a pivotal role in supporting local entrepreneurs. Here’s an overview of the top SBA lenders in Ohio, each contributing to the economic landscape with a unique set of strengths and opportunities:

Ohio Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1The Huntington National BankColumbus, OH2026 $148,450 6.8%
2U.S. BankCincinnati, OH152 $108,813 7.1%
3KeyBankCleveland, OH104 $432,995 7.5%
4First Commonwealth BankIndiana, PA51 $904,763 6.9%
5Telhio CU IncColumbus, OH49 $390,416 7.1%
6The Community BankZanesville, OH43 $81,826 5.8%
7PNC BankWilmington, DE42 $189,019 7.8%
8BayFirst National BankSaint Petersburg, FL32 $323,700 8.4%
9Live OakWilmington, NC32 $1,631,469 6.7%
10United Midwest Savings BankDe Graff, OH30 $1,127,667 6.7%
11Fifth Third BankCincinnati, OH24 $515,871 6.8%
12Peoples BankMarietta, OH24 $290,004 6.7%
13Newtek Small Business FinanceLake Success, NY22 $625,227 7.7%
14Premier BankYoungstown, OH22 $728,191 6.5%
15Consumers National BankMinerva, OH18 $179,733 6.1%
16Economic and Community Development InstituteColumbus, OH18 $159,656 8.9%
17Growth Capital CorporationCleveland, OH18 $162,500 10.5%
18Readycap Lending, LLCBerkeley Heights, NJ18 $392,972 7.9%
19Celtic BankSalt Lake City, UT16 $1,885,463 7.4%
20First Financial BankCincinnati, OH16 $524,225 5.7%
21RiverHills BankMilford, OH15 $726,373 5.6%
22BancorpSouth BankTupelo, MS13 $294,492 7.1%
23CFBankWorthington, OH13 $2,202,000 7.1%
24KEMBA Financial CUGahanna, OH12 $345,625 6.9%
25Wright Patt CU IncBeavercreek, OH12 $2,404,200 6.8%
26Bank of GeorgeLas Vegas, NV11 $2,943,000 6.1%
27GbankLas Vegas, NV11 $2,943,000 6.1%
28Heartland BankWhitehall, OH11 $239,355 7.4%
29Byline BankChicago, IL10 $1,128,150 7.0%
30JPMorgan Chase BankColumbus, OH9 $193,722 7.9%
31The Park National BankNewark, OH8 $554,825 6.5%
32CenterBankMilford, OH7 $229,857 5.9%
33First Chatham BankSavannah, GA7 $1,594,100 7.9%
34First Federal S&L of LakewoodLakewood, OH7 $414,657 5.4%
35Northwest BankWarren, PA7 $354,886 5.8%
36The State Bank and Trust CompanyDefiance, OH7 $539,614 5.9%
37First National Bank of PennsylvaniaGreenville, PA6 $872,867 8.9%
38Home Loan Investment BankWarwick, RI6 $2,605,833 7.0%
39North Valley BankZanesville, OH6 $1,380,167 7.3%
40Pacific Western BankBeverly Hills, CA6 $914,550 7.0%

1. The Huntington National Bank

With an impressive 2,026 SBA loans, The Huntington National Bank, based in Columbus, OH, is a key player in Ohio’s business scene. Focused on regional growth, the bank offers businesses moderate-sized loans at an attractive average interest rate of 6.8%.

2. U.S. Bank

U.S. Bank, headquartered in Cincinnati, OH, extends its services to Ohio with 152 SBA loans. As a national player, the bank provides businesses with accessible financing through smaller loan amounts, coupled with a competitive average interest rate.

3. KeyBank

KeyBank, rooted in Cleveland, OH, actively contributes to Ohio’s SBA lending landscape with 104 loans. Striking a balance between accessibility and substantial funding, it caters to businesses with varying financial needs at a competitive interest rate.

4. First Commonwealth Bank

First Commonwealth Bank, originating from Indiana, PA, actively supports Ohio businesses with 51 SBA loans. Specializing in substantial financing, it caters to businesses with significant funding needs at a competitive interest rate.

5. Telhio CU Inc

Telhio CU Inc, based in Columbus, OH, provides 49 SBA loans to local businesses. As a credit union, it offers a cooperative financial approach, providing accessible financing with a competitive average interest rate.

6. The Community Bank

The Community Bank, located in Zanesville, OH, stands as a local player contributing to Ohio’s SBA lending landscape with 43 loans. Focused on smaller-sized loans, it offers businesses accessibility at a favorable average interest rate of 5.8%.

7. PNC Bank

PNC Bank, headquartered in Wilmington, DE, plays a crucial role in Ohio’s SBA lending landscape with 42 loans. Striking a balance between loan quantity and size, it caters to businesses with varying financial needs at a competitive interest rate.

8. BayFirst National Bank

BayFirst National Bank, though based in Saint Petersburg, FL, actively participates in Ohio’s SBA lending landscape. Providing 32 loans, it stands as a reliable option for businesses seeking accessible financing with a moderate interest rate.

9. Live Oak

Live Oak, headquartered in Wilmington, NC, is a notable player in Ohio’s SBA lending landscape. With a focus on high-value loans (32 loans averaging $1,631,469), it caters to businesses with substantial financing needs at a competitive interest rate.

10. United Midwest Savings Bank

United Midwest Savings Bank, based in De Graff, OH, extends its services to Ohio with 30 loans averaging $1,127,667. Striking a balance between accessibility and loan size, it provides a reliable option for businesses seeking moderate financing at a competitive interest rate.

In conclusion, Ohio businesses have a diverse array of SBA lending options, ranging from local institutions to nationally recognized banks. Entrepreneurs should carefully consider factors such as the lender’s regional focus, loan quantity, average loan amount, and interest rates to make informed decisions that align with their business objectives. Whether seeking smaller, more accessible loans or substantial financial support, these top SBA lenders offer valuable resources to navigate the dynamic business environment in the Buckeye State.

Top Industries for SBA loans in Ohio

RankIndustry# of Loans Avg Loan Avg Interest
1General Freight Trucking, Long Distance, Truckload252 $100,772 7.0%
2Residential Remodelers146 $135,822 7.2%
3Full-Service Restaurants133 $266,817 7.1%
4General Freight Trucking, Local84 $130,681 7.3%
5Landscaping Services78 $67,331 6.9%
6All Other Specialty Trade Contractors74 $194,323 6.9%
7Limited-Service Restaurants72 $335,279 6.7%
8Hotels (except Casino Hotels) and Motels63 $2,814,729 6.3%
9Home Health Care Services61 $235,195 6.7%
10Plumbing, Heating, and Air-Conditioning Contractors59 $246,066 6.7%
11General Automotive Repair53 $206,551 6.7%
12Beauty Salons43 $141,193 7.2%
13Fitness and Recreational Sports Centers43 $269,984 6.9%
14Site Preparation Contractors38 $282,076 6.5%
15Electrical Contractors36 $161,506 7.5%
16Other Personal Care Services36 $293,300 6.8%
17Insurance Agencies and Brokerages34 $267,306 6.9%
18Pet Care (except Veterinary) Services31 $281,719 6.4%
19All Other Personal Services31 $105,981 6.9%
20Child Day Care Services30 $576,930 6.7%
21Snack and Nonalcoholic Beverage Bars30 $204,140 7.0%
22Offices of Dentists28 $1,117,489 6.5%
23Specialized Freight (except Used Goods) Trucking, Local26 $80,315 7.2%
24All Other Professional, Scientific, and Technical Services23 $181,500 6.5%
25Janitorial Services23 $139,091 6.9%
26All Other Amusement and Recreation Industries23 $553,596 6.9%
27Painting and Wall Covering Contractors21 $113,038 6.7%
28Supermarkets and Other Grocery (except Convenience) Stores20 $316,270 7.9%
29Roofing Contractors20 $161,640 7.0%
30Mobile Food Services20 $70,150 7.7%
31Offices of All Other Miscellaneous Health Practitioners19 $161,705 6.8%
32Machine Shops19 $233,868 6.3%
33Drinking Places (Alcoholic Beverages)19 $485,368 7.0%
34Car Washes18 $1,059,417 7.2%
35Offices of Physicians (except Mental Health Specialists)18 $234,261 7.4%
36Offices of Chiropractors17 $88,741 6.6%
37Poured Concrete Foundation and Structure Contractors17 $574,794 6.8%
38Freight Transportation Arrangement17 $188,100 7.2%
39Finish Carpentry Contractors17 $75,371 6.9%
40Masonry Contractors16 $107,813 7.5%

Top SBA Loan Franchises in Ohio

RankFranchiseName# of Loans Avg Loan Avg Interest
1Quality Inn9 $2,578,556 7.1%
2The UPS Store6 $389,317 6.6%
3Hammer & Nails 6 $374,833 6.9%
4Pulp Juice and Smoothie Bar6 $111,483 6.6%
5Biggby Coffee6 $235,817 6.2%
6Days Inn5 $2,982,800 6.2%
7Minuteman Press5 $243,100 6.9%
8Sleep Inn4 $2,464,250 5.1%
9Rodeway Inn4 $1,713,750 5.3%
10Holiday Inn Express4 $4,215,000 6.1%
11Econo Lodge4 $1,226,500 6.1%
12Visiting Angels4 $529,325 4.6%
13Comfort Inn4 $2,243,500 6.8%
14Jimmy John’s4 $598,200 5.8%
15X-Golf4 $970,175 8.6%
16USA Ninja Challenge3 $180,100 6.7%
17Hounds Town USA3 $485,667 5.0%
18Zoom Room3 $199,233 8.4%
19Jersey Mike’s3 $482,267 5.4%
20PuroClean3 $173,000 7.2%
21Subway3 $324,333 6.4%
22Fairfield Inn by Marriott3 $5,000,000 7.6%
23Biggby Coffee3 $315,167 7.5%
24Comfort Suites3 $4,536,000 6.9%
25Smoothie King3 $333,633 6.4%
26Premier Martial Arts Studio2 $151,500 5.5%
27Blingle!2 $283,450 9.0%
28Stretch Lab2 $142,500 7.0%
29Hydrate Me2 $263,100 5.8%
30Junk King2 $150,000 6.3%
31360 Painting2 $150,000 6.0%
32Fresh Coat2 $606,000 6.8%
33Paul Davis Restoration2 $2,265,000 9.5%
34Comfort Keepers2 $549,450 7.8%
35The Brothers that just do Gutt2 $150,000 6.0%
36Crumbl2 $567,400 5.3%
37Cold Stone Creamery2 $65,000 6.0%
38Blingle!2 $200,000 8.3%
39Pirtek2 $285,000 5.5%
40Dog Training Elite2 $150,000 8.3%

Top Ohio SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1MIRKIN & ASSOCIATES INC.Youngstown, OHHome Health Care Services $500K – $1M 7.8%300
2DPD TRANSPORTATION LOGISTICS &Centerville, OHGeneral Freight Trucking, Long Distance, Truckload $250K or less 7.6%262
3THE NATELLI GROUP FAMILY LLCCanton, OHLimited-Service Restaurants $1M – $2.5M 4.8%160
4BRIGHTER HORIZONS RESIDENTIALMadison, OHOther Residential Care Facilities $250K – $500K 8.3%157
5DIVERSIFIED SYSTEMS INCWesterville, OHCustom Computer Programming Services $1M – $2.5M 8.3%155
6ALTA HOME HEALTHCARE LLCColumbus, OHHome Health Care Services $1M – $2.5M 5.5%150
7L SQUARED PROPERTIES LTD.Brooklyn Heights, OHMetal Coating, Engraving (except Jewelry and Silverware), and Allied S $1M – $2.5M 6.8%145
8APPLIED METALS TECHNOLOGIES LBrooklyn Heights, OHMetal Coating, Engraving (except Jewelry and Silverware), and Allied S $2.5M – $5M 7.5%145
9THE W NAIL BAR GROUP LLCColumbus, OHNail Salons $500K – $1M 6.0%140
10BERRAN INDUSTRIAL GROUP INCAkron, OHAll Other Miscellaneous Manufacturing $1M – $2.5M 6.0%136
11ZOD LLCColumbus, OHDrinking Places (Alcoholic Beverages) $2.5M – $5M 3.8%122
12OLSON HOMECARE LLCElyria, OHHome Health Care Services $500K – $1M 5.5%120
13EDUCARE LEARNING SOLUTIONS LLCOttawa, OHExam Preparation and Tutoring $1M – $2.5M 9.0%120
14AMAZE BOWLS LLCNew Albany, OHLimited-Service Restaurants $250K – $500K 4.8%110
15MLH CINCINNATI USA LLCCincinnati, OHFull-Service Restaurants $1M – $2.5M 4.8%106
16THREE PUPS INC.Dayton, OHAll Other Professional, Scientific, and Technical Services $250K or less 9.0%100
17DJ STEAKBURGERS LLCFarmdale, OHFull-Service Restaurants $250K or less 5.0%100
18PANACEA LUXURY SPA BOUTIQUE LColumbus, OHOther Personal Care Services $2.5M – $5M 5.0%100
19DEJULIUS LLCCincinnati, OH $1M – $2.5M 8.0%95
20GEMINI SOLAR LLCGroveport, OHOther Building Equipment Contractors $250K – $500K 8.0%94
21DOZIER LIMITEDWest Chester, OHLimited-Service Restaurants $250K or less 6.9%90
22KNIGHT ELECTRIC LLCColumbus, OHElectrical Contractors $250K – $500K 7.5%90
23PARSONS CONCRETE CONTRACTORSAkron, OHPoured Concrete Foundation and Structure Contractors $1M – $2.5M 6.5%90
24BOGGESS INC.Cincinnati, OHElectrical Contractors $250K – $500K 6.0%88
25PATRIOT HAULERS LLCLancaster, OHSite Preparation Contractors $2.5M – $5M 5.5%85
26SOUTH BAY BESSIE LLCGrand River, OHFull-Service Restaurants $250K – $500K 9.0%84
27MICKUNAS LLCAkron, OHAutomobile and Other Motor Vehicle Merchant Wholesalers $1M – $2.5M 7.5%84
28PRICELESS COOKIES 03 LLCGrove City, OHBaked Goods Stores $500K – $1M 5.5%82
29THE MAKEUP INSTITUTE LTDCleveland, OHBeauty Salons $250K or less 9.0%80
30RON SCHULMAN HOLDINGS LLCWorthington, OHHome Health Care Services $250K – $500K 8.3%80
31SCREENMOBILE COLUMBUS LLCColumbus, OH $250K or less 5.3%75
32SIXMO INCMarietta, OHEngineering Services $250K – $500K 8.0%74
33SPRING HOME HEALTH CARE LLCGahanna, OHHome Health Care Services $250K – $500K 7.1%70
34CASSESE’S MVR INC.Youngstown, OHFull-Service Restaurants $500K – $1M 8.3%70
35ARCHWAYS HARRISON INC.Harrison, OHLimited-Service Restaurants $1M – $2.5M 5.5%70
36SOCRATES RESTAURANTS LLCDayton, OHFull-Service Restaurants $250K – $500K 7.8%68
37NORDEN MFG LLCNorth Bloomfield, OHFarm Machinery and Equipment Manufacturing $1M – $2.5M 7.0%68
38INNOVATIVE INTERIOR CONSTRUCTIColumbia Station, OHIndustrial Building Construction $250K – $500K 6.8%66
39MAGNIFICENT MORSELS CATERING LCincinnati, OHCaterers $250K or less 6.2%64
40PEP-CSU LLCCleveland, OHSnack and Nonalcoholic Beverage Bars $250K or less 7.5%64
41BENCHMARK ENTERPRISES LLCMason, OHHome Health Care Services $1M – $2.5M 6.3%64
42LAVIS LLCGeneva, OHFull-Service Restaurants $250K or less 6.0%62
43HEART O’ GOLD HOME CARE LLCCanton, OHHome Health Care Services $250K or less 6.8%61
44ANSTINE MACHINING CORPAlliance, OH $1M – $2.5M 5.0%60
45LANE AVE LLCShaker Heights, OHLimited-Service Restaurants $1M – $2.5M 4.5%60
46SPARKLE K’SToledo, OHCar Washes $2.5M – $5M 6.0%60
47ROLLING ENTERPRISES INC.Moraine, OHAll Other Miscellaneous Fabricated Metal Product Manufacturing $1M – $2.5M 6.8%59
48ZEVS INCMayfield Hts, OHGeneral Freight Trucking, Long Distance, Truckload $250K or less 6.7%56
49180 OUTERBELT LLCColumbus, OHOther Activities Related to Real Estate $500K – $1M 7.3%56
50BEAVERCREEK COOKIE LEGACY LLCBeavercreek, OHBaked Goods Stores $500K – $1M 5.2%55
51EDUCATION UNLIMITED INC.Delaware, OHChild Day Care Services $1M – $2.5M 6.0%54
52PLATINUM REHABILITATION LTDMayfield Heights, OHHome Health Care Services $250K or less 6.3%53
53EPHIPHANY HOME CARE @ BEST LLCCincinnati, OHHome Health Care Services $250K or less 7.5%52
54DIFFERENTIAL DEV SHOP LLCCincinnati, OHCustom Computer Programming Services $500K – $1M 8.8%52
55BASTIN HOME INCWilliamsburg, OHResidential Mental Retardation Facilities $500K – $1M 8.8%52
56LILA INVESTMENT LLCToledo, OHLimited-Service Restaurants $1M – $2.5M 7.5%52
57KTB MANAGEMENT LLCTallmadge, OHAll Other Personal Services $250K or less 9.0%51
58FOREST VIEW ROSSFORD LANES LLCRossford, OHBowling Centers $500K – $1M 8.0%51
59HOPPIN VINES LLCCincinnati, OHDrinking Places (Alcoholic Beverages) $250K or less 9.8%50
60STAFF NOW INC.South Bloomfield, OHEmployment Placement Agencies $250K or less 7.5%50
61KIDDOS ABA THERAPY LLCOttawa, Oh 45875, OHChild and Youth Services $250K or less 6.3%50
627802 MUNSON REALTY LLCMentor On Lake, OHFull-Service Restaurants $250K – $500K 8.8%50
63BARONS JJ LTDPort Clinton, OHLimited-Service Restaurants $250K – $500K 9.0%50
64DAM MANAGEMENT LLCAkron, OHFull-Service Restaurants $250K – $500K 8.3%50
65HPOP HOLDINGS LLCWooster, OHFull-Service Restaurants $500K – $1M 6.0%50
66GREAT LAKES FASTENERS INCTwinsburg, OHIndustrial Supplies Merchant Wholesalers $1M – $2.5M 7.5%50
67EQUIPMENT MANUFACTURERS INTERNCleveland, OH $2.5M – $5M 9.0%50
68CELEBRATE HOLDINGS LLCWadsworth, OHFull-Service Restaurants $1M – $2.5M 7.5%49
69LOPEZ MOTORS LLCToledo, OH $1M – $2.5M 8.3%48
70HOPEHEALTH LTDWorthington, OHHome Health Care Services $250K or less 5.5%47
71PROMASTER HOME REPAIR & HANDYMBatavia, OHResidential Remodelers $1M – $2.5M 9.0%47
72LCD AGENCY SERVICES LLCHamilton, OHHome Health Care Services $250K or less 9.0%46
73HTCI CO.New Carlisle, OHIron and Steel Forging $250K – $500K 9.8%46
74JK PREMIER SERVICES INC.Lancaster, OHJanitorial Services $250K – $500K 8.5%46
75PREMIER LEASING AND REPAIR LLCToledo, OHGeneral Freight Trucking, Local $2.5M – $5M 5.5%46
76LOVE FOR MANKIND LLCPataskala, OHServices for the Elderly and Persons with Disabilities $250K – $500K 8.3%45
77HAPPY MOOSE STREETSBOROStreetsboro, OHFull-Service Restaurants $1M – $2.5M 8.0%45
78RAAP HOLDINGS LLCYellow Springs, OHHotels (except Casino Hotels) and Motels $2.5M – $5M 5.8%45
79935 TOLEDO LLCToledo, OHHotels (except Casino Hotels) and Motels $2.5M – $5M 7.3%45
80AGJ ZOOM LLCDayton, OHPet Care (except Veterinary) Services $250K or less 8.8%44
81HASTY PIES LLCPickerington, OHFull-Service Restaurants $250K or less 7.0%43
82AVON BREWING COMPANY LLCAvon, OHFull-Service Restaurants $2.5M – $5M 5.8%43
83SHEKINAH FAMILY SERVICES LLCDayton, OHHome Health Care Services $250K or less 6.0%42
84BE WELL LLCPerrysburg, OHLimited-Service Restaurants $250K or less 8.6%42
85BAUMER INVESTMENTS LLCHolland, OHFull-Service Restaurants $250K – $500K 6.0%42
86NEO MED ENTERPRISES LLCBroadview Heights, OHFull-Service Restaurants $250K – $500K 6.8%42
8724619 TRUCK PARK LLCBeachwood, OHMobile Food Services $500K – $1M 5.0%41
88HELPING HANDS GROUP HOME LLCWhitehall, OHOther Residential Care Facilities $250K or less 6.0%40
89BUCKEYE EXCAVATION LLCBlanchester, OHWater and Sewer Line and Related Structures Construction $250K or less 10.0%40
90KBY SERVICES LLCCanton, OHOther Individual and Family Services $250K or less 9.0%40
91ECHO RESTAURANT GROUP LLCCincinnati, OHFull-Service Restaurants $250K or less 6.0%40
92PRIMECARE OF SOUTHEASTERN OHIOZanesville, OHOffices of Physicians (except Mental Health Specialists) $250K or less 5.1%40
93TGZ LOGISTICS LLCToledo, OHCouriers $250K or less 7.0%40
94TOES & TAILS LLCColumbus, OHPet Care (except Veterinary) Services $250K or less 6.3%40
95FIRST OF SEVEN LLCCincinnati, OHBarber Shops $250K – $500K 6.0%40
96B5 PROPERTIES R & T LIMITED DBTroy, OHLimited-Service Restaurants $250K – $500K 6.8%40
97A&D HOLDINGS LLCAvon, OHSports and Recreation Instruction $500K – $1M 7.1%40
98PECK DISTRIBUTORS INC.Maple Heights, OHConfectionery Merchant Wholesalers $500K – $1M 7.6%40
99FUSE TECH INC.Cadiz, OHCommercial and Industrial Machinery and Equipment (except Automotive a $1M – $2.5M 7.5%40
100SECOND WIND VITAMINS INC.Wadsworth, OH $1M – $2.5M 6.3%40

Note about SBA lenders near me in Ohio

When it comes to top Ohio SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Ohio preferred lender list, 2) approved lenders in Ohio, or 3) active participants in the Ohio SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Ohio swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Ohio, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.