# Small business loans in Cleveland, OH

**Short answer:** The most active SBA lenders in Cleveland, OH since FY2024 are The Huntington National Bank (208 loans) and U.S. Bank (38). The median loan was $114,050, and half fell between $50,000 and $250,975. For free help, see the Small Business Development Centers of Ohio. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/ohio-small-business-loans/cleveland/
Data as of: 2026-06-30

## Lenders making SBA loans in Cleveland

The Huntington National Bank alone made 56% of the loans in Cleveland. The five largest lenders together made 77%.

**Lenders with five or more SBA loans in Cleveland, OH, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/ohio/) | 208 | 56.2% |
| [U.S. Bank](https://www.sbaexpress.loans/sba-express-lenders/u-s-bank/) | 38 | 10.3% |
| [KeyBank](https://www.sbaexpress.loans/sba-express-lenders/keybank/) | 24 | 6.5% |
| [Celtic Bank](https://www.sbaexpress.loans/sba-express-lenders/celtic-bank/) | 8 | 2.2% |
| [First Commonwealth Bank](https://www.sbaexpress.loans/sba-express-lenders/first-commonwealth-bank/) | 7 | 1.9% |

Share is the percent of all Cleveland loans in that period. Each name links to that lender's page for Ohio where one exists.

## Local help near Cleveland

Cleveland borrowers can start with SBA's district office for Ohio, an SBDC or SCORE.

31% of Cleveland borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA has one district office for Ohio. Its page points to state and federal resources and to lenders in the area. The Small Business Development Centers of Ohio gives free counseling across Ohio.

- [SBA Ohio District Office (Columbus, with Cleveland and Cincinnati offices and a virtual Dayton office): SBA district office](https://www.sba.gov/district/ohio)
- [Small Business Development Centers of Ohio: Small Business Development Center](https://development.ohio.gov/business/small-business-and-entrepreneurship/small-business-development-centers-ohio)
- [SCORE mentors in Ohio: Business mentoring](https://www.score.org/oh/)

Alongside SBA loans, Ohio runs a loan program. The [Ohio page](https://www.sbaexpress.loans/ohio-small-business-loans/#loan-programs-in-ohio) describes it, and the official page is linked here.

- [Buckeye Business Advantage](https://www.tos.ohio.gov/buckeyebusinessadvantage)

## Loan counts and sizes in Cleveland

Cleveland ranks 3rd by loans since FY2024 among the 34 Ohio cities with 100 or more SBA loans since FY2020. Nationally it is the 30th busiest of the 580 cities that reach 100 loans.

The 370 loans, 4.8% of the 7,738 in Ohio, were approved for $133.7 million in all. The median loan was $114,050, 24% below the national median of $150,300. Half of the loans fell between $50,000 and $250,975. The Cleveland median is 14% above the Ohio median of $100,000.

**Cleveland, OH compared with Ohio and the nation, loans from FY2024 to June 2026**

| Measure | Cleveland | Ohio | U.S. |
| --- | --- | --- | --- |
| Loans | 370 | 7,738 | 162,355 |
| Median loan | $114,050 | $100,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $250,975 | $304,750 | $500,000 |
| Via SBA Express | 36.5% | 43.5% | 35.8% |
| Lines of credit | 31.9% | 39.2% | 28.1% |
| Startups | 22.2% | 19.3% | 16.1% |
| Ownership changes | 7.6% | 8.9% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.0 | 2.0 | 2.75 |
| Charged off | 6.3% | 3.2% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

89% of the loans were $500,000 or less, the size SBA Express covers. 36.5% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 31.9% of loans, above the national 28.1%.

SBA loans in Cleveland, OH by size, FY2024 to June 2026

- $50,000 or less (31%): 113
- $50,001 to $150,000 (35%): 130
- $150,001 to $350,000 (15%): 57
- $350,001 to $500,000 (8%): 30
- $500,001 to $1,000,000 (3%): 10
- $1,000,001 to $2,000,000 (4%): 16
- Over $2,000,000 (4%): 14

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 61.9% of loans went to businesses more than two years old and 8.4% to businesses two years old or younger. Startups received 22.2% and changes of ownership 7.6%. The national startup share is 16.1%.

SBA loans in Cleveland, OH by fiscal year

- FY2020: 85
- FY2021: 92
- FY2022: 109
- FY2023: 131
- FY2024: 185
- FY2025: 135
- FY2026 (through June 30): 50

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 27% from FY2024 (185 loans) to FY2025 (135), the two latest full years. The busiest full year in the file was FY2024, with 185 loans. FY2026 already shows 50 loans through June 30.

Of the 286 loans Cleveland borrowers received in FY2020 to FY2022, 6.3% were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 3,144 jobs supported across the 370 loans since FY2024, about 8.5 per loan. SBA does not audit these estimates.

## What businesses in Cleveland borrow for

Full-Service Restaurants was the largest borrower group in Cleveland, with 27 loans or 7.3% of the total.

The five largest industries made up 23% of all Cleveland loans. General Freight Trucking, Long-Distance, Truckload stands out: its 20 loans are 5.4% of Cleveland loans, against 1.3% nationally, 4.1 times its national share.

**Industries with the most SBA loans in Cleveland, OH, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/ohio/) | 27 | 7.3% | 4.6% |
| [General Freight Trucking, Long-Distance, Truckload](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/ohio/) | 20 | 5.4% | 1.3% |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/ohio/) | 15 | 4.1% | 3.3% |
| [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/ohio/) | 12 | 3.2% | 2.1% |
| [Residential Remodelers](https://www.sbaexpress.loans/industries/residential-remodelers/ohio/) | 11 | 3.0% | 2.3% |

Share is the percent of all Cleveland loans in that period. Industry is the NAICS code on each loan. A name links to the Ohio page for that industry where one exists.

## A typical loan payment in Cleveland

The median Cleveland loan was $114,050 with a median term of 10 years.

The median variable-rate loan in Cleveland was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $114,050 over 10 years, principal and interest would come to about $1,445 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Cleveland loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $50,000 | $633 |
| Median loan | $114,050 | $1,445 |
| 75th percentile loan | $250,975 | $3,179 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $114,050 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 4.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Cleveland loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $125,000 loan](https://www.sbaexpress.loans/loan-amounts/125000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Cleveland

Cleveland has 8 SBA 504 loans since FY2024, with $9.2 million in SBA and CDC dollars.

The median 504 loan in Cleveland was $303,500 in SBA and CDC dollars, 6% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Growth Capital Corp. is the one Certified Development Company (CDC) named on five or more loans, 15 since FY2020.

**CDCs named on five or more 504 loans in Cleveland, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Growth Capital Corp. | 15 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Ohio cities near Cleveland

Cleveland made up 4.8% of Ohio's SBA loans since FY2024.

Cleveland is one of 34 Ohio cities with 100 or more SBA loans since FY2020. The [Ohio page](https://www.sbaexpress.loans/ohio-small-business-loans/) covers all 7,738 loans in Ohio. The closest come first, ranked by county and ZIP code on their loans.

- [North Royalton: 42 loans, median $87,500](https://www.sbaexpress.loans/ohio-small-business-loans/north-royalton/)
- [Strongsville: 52 loans, median $149,000](https://www.sbaexpress.loans/ohio-small-business-loans/strongsville/)
- [Westlake: 34 loans, median $150,000](https://www.sbaexpress.loans/ohio-small-business-loans/westlake/)
- [Twinsburg: 52 loans, median $151,000](https://www.sbaexpress.loans/ohio-small-business-loans/twinsburg/)
- [Mentor: 48 loans, median $150,000](https://www.sbaexpress.loans/ohio-small-business-loans/mentor/)
- [North Ridgeville: 37 loans, median $100,000](https://www.sbaexpress.loans/ohio-small-business-loans/north-ridgeville/)
- [Chagrin Falls: 37 loans, median $120,000](https://www.sbaexpress.loans/ohio-small-business-loans/chagrin-falls/)
- [Medina: 98 loans, median $87,500](https://www.sbaexpress.loans/ohio-small-business-loans/medina/)

## Common questions about SBA loans in Cleveland

### Which lenders make the most SBA loans in Cleveland?

The Huntington National Bank leads with 208 loans in Cleveland since FY2024. U.S. Bank (38) and KeyBank (24) follow. Only lenders with five or more Cleveland loans are counted.

### Which industries get SBA loans in Cleveland?

Full-Service Restaurants leads with 27 loans in Cleveland since FY2024. General Freight Trucking, Long-Distance, Truckload (20) and Limited-Service Restaurants (15) follow.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Ohio District Office (Columbus, with Cleveland and Cincinnati offices and a virtual Dayton office)](https://www.sba.gov/district/ohio)
- [Small Business Development Centers of Ohio](https://development.ohio.gov/business/small-business-and-entrepreneurship/small-business-development-centers-ohio)
- [SCORE, Ohio](https://www.score.org/oh/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)