Last annual update:
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:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Huntington National | Columbus, OH | 1,917 | $168,961 | 6.9% |
| 2 | U.S. Bank | Cincinnati, OH | 127 | $83,168 | 8.4% |
| 3 | Fifth Third Bank | Cincinnati, OH | 86 | $327,816 | 7.0% |
| 4 | KeyBank | Cleveland, OH | 81 | $316,273 | 7.3% |
| 5 | JPMorgan Chase Bank | Columbus, OH | 61 | $196,693 | 8.3% |
| 6 | Peoples Bank | Marietta, OH | 56 | $401,293 | 7.0% |
| 7 | PNC Bank | Wilmington, DE | 56 | $258,127 | 7.5% |
| 8 | Growth Capital Corporation | Cleveland, OH | 49 | $88,169 | 9.4% |
| 9 | Citizens Bank | Providence, RI | 40 | $187,363 | 7.1% |
| 10 | Independence Bank | East Greenwich, RI | 40 | $128,750 | 6.5% |
| 11 | The Park National Bank | Newark, OH | 39 | $149,682 | 6.0% |
| 12 | Telhio CU Inc | Columbus, OH | 36 | $197,164 | 7.4% |
| 13 | United Midwest Savings Bank | De Graff, OH | 35 | $647,229 | 7.5% |
| 14 | Chemical Bank | Midland, MI | 29 | $671,431 | 5.9% |
| 15 | First Financial Bank | Cincinnati, OH | 29 | $377,738 | 6.4% |
| 16 | Heartland Bank | Whitehall, OH | 27 | $330,067 | 6.8% |
| 17 | Newtek Small Business | Lake Success, NY | 27 | $588,478 | 7.7% |
| 18 | Consumers National Bank | Minerva, OH | 23 | $136,382 | 5.6% |
| 19 | Stearns Bank | Saint Cloud, MN | 21 | $302,886 | 7.6% |
| 20 | Celtic Bank | Salt Lake City, UT | 20 | $442,090 | 7.4% |
| 21 | Live Oak | Wilmington, NC | 20 | $1,603,500 | 6.6% |
| 22 | The State Bank and Trust Company | Defiance, OH | 20 | $538,655 | 7.4% |
| 23 | First Commonwealth Bank | Indiana, PA | 17 | $1,184,100 | 7.1% |
| 24 | First Home Bank | Seminole, FL | 16 | $264,375 | 7.8% |
| 25 | First National Bank of Pennsylvania | Greenville, PA | 12 | $247,342 | 7.4% |
| 26 | Byline Bank | Chicago, IL | 11 | $985,300 | 7.7% |
| 27 | CNB Bank | Clearfield, PA | 11 | $542,727 | 7.1% |
| 28 | The Union Bank Company | Columbus Grove, OH | 11 | $275,191 | 7.6% |
| 29 | Westfield Bank, FSB | Westfield Center, OH | 10 | $378,020 | 6.0% |
| 30 | CFBank | Worthington, OH | 9 | $517,778 | 6.6% |