Top Ohio SBA Lenders | SBA Loans in OH

Last annual update: May 8, 2023


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A lot of  Ohio-based banks were among the largest lenders to “The Buckeye State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Ohio:

Top SBA lenders in Ohio

OH RankOhio BankBank HQs# of LoansAvg InterestAvg OH Loan
1The Huntington National BankColumbus, OH17406.5%$148,938
2U.S. BankCincinnati, OH1487.0%$108,132
3KeyBankCleveland, OH747.0%$495,364
4First Commonwealth BankIndiana, PA446.8%$974,648
5Telhio CU IncColumbus, OH426.7%$409,052
6The Community BankZanesville, OH405.6%$81,123
7PNC BankWilmington, DE327.6%$222,916
8United Midwest Savings BankDe Graff, OH306.7%$1,127,667
9BayFirst National BankSaint Petersburg, FL277.8%$354,404
10Live OakWilmington, NC236.2%$1,515,391
11Peoples BankMarietta, OH226.5%$309,527
12Newtek Small Business FinanceLake Success, NY217.5%$638,429
13Fifth Third BankCincinnati, OH206.8%$362,995
14Premier BankYoungstown, OH186.0%$670,094
15Readycap Lending, LLCBerkeley Heights, NJ177.7%$414,618


SBA loans – Ohio

A note about these Ohio SBA lenders – People frequently ask us if one of the banks above is 1) on the Ohio preferred lender list 2) an approved lender in Ohio, or 3) participating in the Ohio SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Ohio and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Ohio, Cincinnati, Cleveland, and Columbus.

We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remissed if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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