45 SBA loans worth $12.9M went to businesses in Lorain, OH between October 2021 and June 2026, from 9 lenders. Huntington National Bank made the most, 28 loans. The median loan was $50,000, compared with $100,000 across Ohio, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 28 | $5.8M | $41,350 | 68% |
| 2 | Northwest Bank Bank · Warren, PA | 5 | $1.3M | $230,000 | 20% |
| 3 | KeyBank Bank · Cleveland, OH | 4 | $710K | $24,800 | 100% |
| 4 | Fifth Third Bank Bank · Cincinnati, OH | 2 | $200K | $100,000 | 100% |
| 5 | U.S. Bank Bank · Cincinnati, OH | 2 | $50K | $25,000 | 50% |
| 6 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 1 | $2.8M | $2,800,000 | 0% |
| 7 | Ohio Statewide Development Certified development company · Columbus, OH | 1 | $1.2M | $1,210,000 | 0% |
| 8 | Newtek Bank Bank · Miami, FL | 1 | $450K | $450,000 | 0% |
| 9 | Growth Capital Non-bank lender · Cleveland, OH | 1 | $350K | $350,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 10 | $66,900 | Huntington National Bank | |
| Construction | 9 | $30,000 | Huntington National Bank | |
| Other services (repair, personal care) | 8 | $30,000 | Huntington National Bank | |
| Administrative and support services | 5 | $280,000 | Huntington National Bank | |
| Restaurants and hotels | 3 | $350,000 | Huntington National Bank | |
| Education | 3 | $50,000 | Fifth Third Bank | |
| Arts, entertainment and recreation | 2 | $341,750 | Huntington National Bank | |
| Health care and social assistance | 2 | $300,000 | Newtek Bank |