Best SBA Lenders in Youngstown, OH (2026)
2025 FOIA data: top lenders, rates & industries for Youngstown SBA loans
SBA Loans in Youngstown, Ohio
Looking for an SBA loan in Youngstown, Ohio? Based on 2025 FOIA data, 54 SBA 7(a) loans were funded in Youngstown totaling $17.6M, supporting an estimated 586 jobs. With 11 active lenders competing for business in the Youngstown market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Youngstown is $327K at an average rate of 9.95%. The top lender in Youngstown is The Huntington National Bank, with the most-funded industry being Breakfast Cereal Manufacturing. See all Ohio SBA lenders for statewide rankings.
SBA Loans in Youngstown by Business Type
Whether you’re starting a new business in Youngstown, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 11% of SBA loans in Youngstown (5 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 34% (11 loans) — if you’re looking to buy a business in Youngstown, this is a proven use case for SBA financing. Existing businesses make up 50% and typically receive the most favorable terms.
Top SBA Lenders in Youngstown, OH (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Youngstown businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | The Huntington National Bank | $4.2M | 32 | 9.43% |
| 2 | Newtek Bank, National Association | $4.1M | 2 | 10.75% |
| 3 | WesBanco Bank, Inc. | $3.9M | 2 | 9.75% |
| 4 | First Commonwealth Bank | $1.6M | 2 | 10.25% |
| 5 | Northeast Bank | $1.3M | 8 | 11.09% |
| 6 | KeyBank National Association | $1.1M | 2 | 9.75% |
| 7 | Live Oak Banking Company | $500K | 1 | 10.5% |
| 8 | Valley Economic Development Partners, Inc. | $468K | 2 | 11% |
| 9 | JPMorgan Chase Bank, National Association | $200K | 1 | 10.75% |
| 10 | BayFirst National Bank | $150K | 1 | 12.25% |
The top lenders in Youngstown have direct experience with local businesses and understand the Youngstown market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Youngstown and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Youngstown
One 5-minute application. 11+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Youngstown
These are the industries that received the most SBA 7(a) funding in Youngstown in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Breakfast Cereal Manufacturing | 1 | $4.0M |
| Plate Work Manufacturing | 1 | $2.3M |
| All Other Miscellaneous Wood Product Manufacturing | 4 | $1.7M |
| Fitness and Recreational Sports Centers | 2 | $1.3M |
| All Other Miscellaneous Food Manufacturing | 1 | $950K |
| Retail Bakeries | 2 | $525K |
| Home Health Care Services | 3 | $500K |
| Insurance Agencies and Brokerages | 1 | $500K |
| Landscape Architectural Services | 2 | $455K |
| General Automotive Repair | 1 | $420K |
Lenders with experience funding your specific industry in Youngstown understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Youngstown
Option 1: Apply directly to one of the top Youngstown lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Youngstown-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
