Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Ohio.
In 2022 there were 133 SBA lenders that approved 3,674 SBA 7(a) loans for projects in Ohio totaling $1,108,424,700. The average loan amount was $301,694. Borrowers from 561 cities were approved for projects in Ohio for 444 industries. The SBA loan approvals in 2022 represent 26,329 jobs supported or saved in Ohio.
There were 189 franchise branded businesses receiving 357 loan approvals for $253,926,600 with an average loan amount of $711,279.
Our forecast model projects $1.1 billion in total Ohio SBA 7(a) loan approval amounts in 2023 with $267 million to franchise businesses.
Ohio Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Ohio Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
