Best Cleveland, OH SBA Lenders & Rates of 2026

Compare 21 SBA lenders in Cleveland, OH. $61.6M funded across 135 businesses. Average rate 9.77%. Get matched free.

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Best Cleveland, OH SBA Lenders & Rates of 2026

$61.6M
Total Funded

135
Loans Approved

$456K
Avg Loan Size

9.77%
Avg Interest Rate

21
Active Lenders

SBA Loans in Cleveland, OH

Cleveland, OH businesses received $61.6M in SBA 7(a) loan approvals across 135 businesses in 2025. With 21 active SBA lenders competing for business in Cleveland, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Cleveland is $456K, with rates averaging 9.77%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Cleveland SBA Loans by Business Type

🚀 Startups
32%
$16.9M • 43 loans

🏢 Existing Businesses
62%
$36.3M • 84 loans

🔄 Acquisitions
6%
$8.4M • 8 loans

Top SBA Lenders in Cleveland, OH (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Cleveland businesses:

RankLenderVolumeLoansAvg Rate
1 The Huntington National Bank$12.4M749.63%
2 U.S. Bank, National Association$11.8M119.38%
3 WesBanco Bank, Inc.$8.3M38.50%
4 Live Oak Banking Company$5.4M39.33%
5 Fifth Third Bank$5.4M38.87%
6 American Bank$5.0M18.00%
7 KeyBank National Association$4.7M99.64%
8 First National Bank of Pennsylvania$2.3M28.80%
9 CFBank National Association$1.5M18.00%
10 First Commonwealth Bank$1.3M49.50%
11 JPMorgan Chase Bank, National Association$900K39.47%
12 Celtic Bank Corporation$688K510.05%
13 Lendistry SBLC, LLC$409K412.63%
14 United Midwest Savings Bank National Association$340K19.75%
15 PNC Bank, National Association$250K19.50%
16 Readycap Lending, LLC$246K312.58%
17 Northeast Bank$200K210.38%
18 Shoreham Bank$150K211.75%
19 City National Bank of Florida$140K110.25%
20 Growth Capital Corp.$100K113.50%
21 Newtek Bank, National Association$75K110.75%

Top Industries in Cleveland

Here are the industries that received the most SBA funding in Cleveland:

SBA Loans in Ohio

Cleveland is part of Ohio‘s SBA lending market. For statewide data and more lender options, see our full Ohio SBA Lenders guide.

🤝 Why Use an SBA Broker in Cleveland?

GoSBA Loans helps Cleveland businesses access the best SBA lenders:

  • Access 21+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Cleveland
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Cleveland SBA Loan

Our team has helped hundreds of Cleveland businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Cleveland? GoSBA Loans is a trusted SBA loan broker serving businesses in Cleveland and across Ohio. Contact our Cleveland SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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