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SBA lenders in Willoughby, OH

SBA 7(a) and 504 loans to businesses in Willoughby (Lake County), October 2021 to June 30, 2026 · Updated October 16, 2026
86
SBA loans approved
$19.7M
Total approved
$80,200
Median loan
22
Lenders active
24%
To startups

86 SBA loans worth $19.7M went to businesses in Willoughby, OH between October 2021 and June 2026, from 22 lenders. Huntington National Bank made the most, 49 loans. The median loan was $80,200, compared with $100,000 across Ohio, and transportation and warehousing was the most financed industry.

Most active SBA lenders in Willoughby

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
49$4.6M$52,00020%
2U.S. Bank
Bank · Cincinnati, OH
5$174K$25,00020%
3First Commonwealth Bank
Bank · Indiana, PA
3$2.8M$476,60067%
4United Midwest Savings Bank
Bank · Degraff, OH
3$459K$159,00033%
5First Financial Bank
Bank · Cincinnati, OH
2$3.3M$1,650,0000%
6Growth Capital
Certified development company · Cleveland, OH
2$1.7M$847,5000%
7JPMorgan Chase Bank
Bank · Columbus, OH
2$1.1M$562,5000%
8Northwest Bank
Bank · Warren, PA
2$896K$448,000100%
9WesBanco Bank
Bank · Wheeling, WV
2$500K$250,00050%
10Colony Bank
Bank · Fitzgerald, GA
2$232K$116,2000%
11BayFirst National Bank
Bank · St. Petersburg, FL
2$200K$100,0000%
12Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$95K$47,50050%
13Live Oak Banking
Bank · Wilmington, NC
1$865K$865,0000%
14Gulf Coast Bank and Trust
Bank · New Orleans, LA
1$850K$850,0000%
15Harvest Small Business Finance
Non-bank lender · Laguna Hills, CA
1$638K$637,5000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Willoughby. For 504 loans the lender shown is the certified development company.

What gets financed in Willoughby

IndustryLoansShareMedian loanMost active lender
Transportation and warehousing16
19%
$53,500Huntington National Bank
Construction14
16%
$115,000Huntington National Bank
Manufacturing14
16%
$150,000Huntington National Bank
Retail11
13%
$250,000Huntington National Bank
Administrative and support services7
8%
$50,000Huntington National Bank
Wholesale trade5
6%
$150,000Huntington National Bank
Other services (repair, personal care)4
5%
$332,500Live Oak Banking
Restaurants and hotels4
5%
$37,300Huntington National Bank
Loan size mix
  • Under $150,00062%
  • $150,000 to $500,00028%
  • $500,000 to $2 million8%
  • $2 million and up2%
Compared with Ohio
Median loan, Willoughby
$80,200
Median loan, Ohio
$100,000
Startup share, Willoughby
24%
Startup share, Ohio
32%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Willoughby

0102030FY14: 23 loansFY14FY15: 17 loansFY15FY16: 22 loansFY16FY17: 20 loansFY17FY18: 20 loansFY18FY19: 16 loansFY19FY20: 10 loansFY20FY21: 25 loansFY2125FY22: 23 loansFY22FY23: 19 loansFY23FY24: 24 loansFY24FY25: 13 loansFY25FY26 (Oct to Jun): 7 loansFY267
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.