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SBA lenders in Canton, OH

SBA 7(a) and 504 loans to businesses in Canton (Stark County), October 2021 to June 30, 2026 · Updated October 15, 2026
217
SBA loans approved
$68.2M
Total approved
$85,000
Median loan
37
Lenders active
41%
To startups

217 SBA loans worth $68.2M went to businesses in Canton, OH between October 2021 and June 2026, from 37 lenders. Huntington National Bank made the most, 132 loans. The median loan was $85,000, compared with $100,000 across Ohio, and health care and social assistance was the most financed industry.

Most active SBA lenders in Canton

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
132$12.5M$50,00036%
2First Commonwealth Bank
Bank · Indiana, PA
9$4.8M$270,00056%
3KeyBank
Bank · Cleveland, OH
8$2.1M$132,00088%
4Consumers National Bank
Bank · Minerva, OH
8$1.5M$148,60012%
5Live Oak Banking
Bank · Wilmington, NC
6$4.0M$562,50017%
6JPMorgan Chase Bank
Bank · Columbus, OH
4$1.9M$428,50050%
7Shoreham Bank
Bank · Warwick, RI
3$7.2M$2,340,000100%
8Newtek Bank
Bank · Miami, FL
3$1.4M$150,00033%
9Newtek Small Business Finance
Non-bank lender · Lake Success, NY
3$497K$100,00067%
10Alloy Development Co.
Certified development company · Cincinnati, OH
2$5.6M$2,787,0000%
11United Community Bank
Bank · Greenville, SC
2$3.3M$1,652,50050%
12American Momentum Bank
Bank · College Station, TX
2$2.6M$1,300,00050%
13Truist Bank
Bank · Charlotte, NC
2$1.3M$649,000100%
14First Bank of Central Ohio
Bank · Worthington, OH
2$1.2M$605,500100%
15Peoples Bank
Bank · Marietta, OH
2$1.2M$601,6000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Canton. For 504 loans the lender shown is the certified development company.

What gets financed in Canton

IndustryLoansShareMedian loanMost active lender
Health care and social assistance31
14%
$50,000Huntington National Bank
Restaurants and hotels25
12%
$309,300Huntington National Bank
Retail23
11%
$50,000Huntington National Bank
Construction21
10%
$110,000Huntington National Bank
Transportation and warehousing19
9%
$47,500Huntington National Bank
Other services (repair, personal care)18
8%
$50,000Huntington National Bank
Administrative and support services18
8%
$51,500Huntington National Bank
Professional and technical services13
6%
$100,000Huntington National Bank
Loan size mix
  • Under $150,00063%
  • $150,000 to $500,00023%
  • $500,000 to $2 million12%
  • $2 million and up3%
Compared with Ohio
Median loan, Canton
$85,000
Median loan, Ohio
$100,000
Startup share, Canton
41%
Startup share, Ohio
32%
Share of state's SBA loans
1.3%

SBA loans per fiscal year in Canton

0234770FY14: 49 loansFY14FY15: 60 loansFY15FY16: 52 loansFY16FY17: 49 loansFY17FY18: 50 loansFY18FY19: 39 loansFY19FY20: 29 loansFY20FY21: 50 loansFY21FY22: 52 loansFY22FY23: 67 loansFY2367FY24: 40 loansFY24FY25: 45 loansFY25FY26 (Oct to Jun): 13 loansFY2613
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.