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SBA lenders in Toledo, OH

SBA 7(a) and 504 loans to businesses in Toledo (Lucas County), October 2021 to June 30, 2026 · Updated October 15, 2026
344
SBA loans approved
$99.8M
Total approved
$79,450
Median loan
46
Lenders active
39%
To startups

344 SBA loans worth $99.8M went to businesses in Toledo, OH between October 2021 and June 2026, from 46 lenders. Huntington National Bank made the most, 217 loans. The median loan was $79,450, compared with $100,000 across Ohio, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Toledo

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
217$23.3M$50,00037%
2KeyBank
Bank · Cleveland, OH
14$1.7M$25,00050%
3Fifth Third Bank
Bank · Cincinnati, OH
9$2.9M$55,00033%
4Northwest Ohio Development Assistance
Certified development company · Toledo, OH
8$3.4M$315,50062%
5Northeast Bank
Bank · Portland, ME
7$1.7M$250,00014%
6Readycap Lending
Non-bank lender · Berkeley Heights, NJ
7$1.7M$253,50043%
7Economic and Community Development Institute
Non-bank lender · Columbus, OH
5$1.1M$214,600100%
8Celtic Bank
Bank · Salt Lake City, UT
4$8.1M$1,495,50025%
9Live Oak Banking
Bank · Wilmington, NC
4$3.7M$307,50050%
10ChoiceOne Bank
Bank · Sparta, MI
4$2.4M$500,00025%
11BayFirst National Bank
Bank · St. Petersburg, FL
4$2.3M$127,5000%
12United Midwest Savings Bank
Bank · Degraff, OH
4$1.7M$205,00025%
13PNC Bank
Bank · Wilmington, DE
4$675K$40,00050%
14WesBanco Bank
Bank · Wheeling, WV
4$410K$60,000100%
15Michigan Certified Development
Certified development company · East Lansing, MI
3$3.6M$1,014,00067%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Toledo. For 504 loans the lender shown is the certified development company.

What gets financed in Toledo

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels54
16%
$110,000Huntington National Bank
Health care and social assistance47
14%
$90,000Huntington National Bank
Other services (repair, personal care)39
11%
$57,600Huntington National Bank
Transportation and warehousing35
10%
$55,000Huntington National Bank
Retail33
10%
$113,000Huntington National Bank
Professional and technical services28
8%
$112,200Huntington National Bank
Administrative and support services23
7%
$60,000Huntington National Bank
Arts, entertainment and recreation21
6%
$50,000Huntington National Bank
Loan size mix
  • Under $150,00066%
  • $150,000 to $500,00020%
  • $500,000 to $2 million12%
  • $2 million and up2%
Compared with Ohio
Median loan, Toledo
$79,450
Median loan, Ohio
$100,000
Startup share, Toledo
39%
Startup share, Ohio
32%
Share of state's SBA loans
2.1%

SBA loans per fiscal year in Toledo

0306090FY14: 71 loansFY14FY15: 67 loansFY15FY16: 65 loansFY16FY17: 76 loansFY17FY18: 66 loansFY18FY19: 53 loansFY19FY20: 44 loansFY20FY21: 68 loansFY21FY22: 88 loansFY2288FY23: 59 loansFY23FY24: 83 loansFY24FY25: 82 loansFY25FY26 (Oct to Jun): 32 loansFY2632
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.