SBA lending by metro area
SBA lenders in Akron, OH
Which lenders fund Akron-area businesses, how much, and how the market compares with Ohio: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Akron area
Ranked by SBA volume funded to businesses located in the Akron metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2,540 | $389.7M | $153K | 3.03% |
| 2 | Cascade Capital Corporation | 98 | $70.4M | $718K | not reported |
| 3 | KeyBank National Association | 177 | $70.0M | $396K | 2.82% |
| 4 | Growth Capital Corp. | 139 | $52.0M | $374K | 17.65% |
| 5 | Live Oak Banking Company | 39 | $33.0M | $846K | 0.00% |
| 6 | U.S. Bank, National Association | 119 | $30.1M | $253K | 8.40% |
| 7 | First Commonwealth Bank | 25 | $27.0M | $1.1M | 0.00% |
| 8 | CFBank National Association | 39 | $26.6M | $683K | 0.00% |
| 9 | Shoreham Bank | 8 | $26.0M | $3.3M | not reported |
| 10 | Newtek Small Business Finance, Inc. | 16 | $21.6M | $1.3M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Akron compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Akron area | $75K ▼ 6.3% | 4.8% ▼ 0.7 pts |
| Ohio | $80K | 5.4% |
| United States | $179K | 11.2% |
What gets funded in Akron
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 463 | $229.2M |
| Manufacturing | 385 | $215.4M |
| Construction | 688 | $113.6M |
| Professional and Technical Services | 301 | $87.8M |
| Wholesale Trade | 174 | $81.2M |
| Health Care and Social Assistance | 313 | $79.4M |
| Retail Trade | 349 | $79.0M |
| Other Services | 336 | $76.1M |
SBA lending in Akron by year
Geography, precisely
"Akron area" here means the Akron, OH metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Portage County, OH; Summit County, OH. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.