SBA Lenders in Ohio
Top lenders ranked by real SBA lending data. See who's most active in Ohio across deal count, loan size, and pricing.
What Borrowers Should Know
Ohio's median 7(a) spread of P+2.26% is 49 basis points lower than the national median of P+2.75%, meaning borrowers here pay roughly $490 less per year on a $100,000 loan. This pricing advantage likely stems from intense competition: The Huntington National Bank dominates with 6,214 deals (63% of the state's total), but 224 other active lenders are bidding aggressively to capture market share.
The average SBA deal size in Ohio is $173,702, which is notably compact. Combined with 9,925 total deals over the analyzed period, this suggests a high volume of small-dollar loans. Borrowers seeking loans under $200,000 will find abundant competition and streamlined processes here, but those needing $500,000+ may face fewer specialized lenders and longer sourcing timelines.
The Huntington National Bank's grip on 63% of Ohio's SBA volume is exceptionally concentrated. While this signals their deep local expertise and likely operational efficiency, it also means 225 other lenders (including major national players like U.S. Bank and KeyBank) are fighting for the remaining 37% of deals. This fragmentation creates opportunity: newer or specialized lenders may offer faster decisions or more flexible underwriting to differentiate.
Total SBA Loans
9,925
Active Lenders
182
Avg Deal Size
$174K
Total Volume
$1.7B
Top 10 Lenders in Ohio
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Bank | 6,242 | $102K | P + 2.49%AVERAGE | |
| 2 | U.S. Bank, National Association | Bank | 733 | $89K | P + 2.00%GOOD | |
| 3 | KeyBank National Association | Bank | 288 | $246K | P + 2.00%GOOD | |
| 4 | JPMorgan Chase Bank, National Association | Bank | 264 | $165K | P + 1.83%GOOD | |
| 5 | First Financial Bank | Bank | 160 | $315K | P + 1.50%COMPETITIVE | |
| 6 | Fifth Third Bank | Bank | 145 | $296K | P + 1.62%GOOD | |
| 7 | PNC Bank, National Association | Bank | 138 | $166K | P + 1.40%COMPETITIVE | |
| 8 | Growth Capital Corp. | Bank | 106 | $327K | P + 4.50%HIGH | |
| 9 | Community Bank, National Association | Bank | 96 | $95K | P + 2.37%AVERAGE | |
| 10 | Telhio Credit Union Inc | Bank | 79 | $202K | P + 2.00%GOOD |
Top Industries in Ohio
SBA lending activity by industry segment.