GoSBA’s Top 50 Ohio SBA Lenders in 2024

Ohio is considered the 7th most populous state in the U.S. with a population of 11.73 million people. Ohio’s GDP in 2018 is $676,192.  Restaurants, hotels, general freight trucking, investment advice, and amusement and recreation management are the most popular industries in Ohio. According to the U.S. Small Business Administration Office of Advocacy, there are 944,797 small businesses in Ohio that employ 2.2 million people.

 

One city that’s a great place to start a business in Ohio is Columbus city. For every 1000 business in Columbus, there are 71 start-up businesses that are up and running. In fact, Columbus was ranked 15th on the Kauffman Foundation’s list of cities with the most start-up activity in 2015 to 2016.

 

One of the challenges businesses face is access to affordable financing. In FY 2018, Ohio SBA loan providers funded 3,420 businesses for total Ohio SBA loan volume of $936,273,983. The ten most popular lenders signing SBA-backed loans in Ohio are Huntington National, KeyBank National, Live Oak, Firth Third Bank, Peoples Bank, United Midwest Savings, U.S. Bank, First Financial, First Commonwealth, and Chemical Bank. These ten lenders have funded 2,541 businesses with a loan volume of $598,032,800 in total. However, just because these ten lenders are the most popular in Ohio, it doesn’t mean they are the right lenders for your industry and your business size. After reading our analysis, please click apply now and we’d be happy to match you with the best SBA loan providers in Ohio.

 

Here at GoSBA Loans, we understand the struggle of finding the best and cheapest business loan for your business. We are best at accommodating businesses looking for capital, purchasing equipment, refinancing high-interest loans, and those who are interested in buying commercial property or financing building improvements. We make lending loans for small businesses to have an easier, faster, and more affordable process.

 

We are proud to announce the top 50 2024 GoSBA Lenders in Ohio:

 

RANK BANK LOANS FUNDED VOLUME FUNDED ($)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

 

You can use our SBA loan calculator to estimate your payments and total financing costs before applying for an SBA loan.

Working Capital
Real Estate
Total Payments
120 monthly payments
Principal
$1,000,000.00
Total Interest Paid
$670,027.36
Total Financing Cost*
$1,670,027.36

Monthly SBA Loan Payment*

$13,916.89
/month
APPLY NOW

Note: Estimated payments, not including taxes and insurance. Actual payments may vary.

 

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Ohio.

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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