SBA lending by metro area
SBA lenders in Salem, OH
Which lenders fund Salem-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 Salem area
Ranked by SBA volume funded to businesses located in the Salem micropolitan 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 | 405 | $46.3M | $114K | 2.72% |
| 2 | WesBanco Bank, Inc. | 7 | $9.5M | $1.4M | not reported |
| 3 | Consumers National Bank | 35 | $8.9M | $254K | 2.86% |
| 4 | Live Oak Banking Company | 8 | $7.3M | $913K | not reported |
| 5 | Valley Economic Development Partners, Inc. | 13 | $3.9M | $302K | not reported |
| 6 | First Commonwealth Bank | 11 | $3.8M | $346K | not reported |
| 7 | JPMorgan Chase Bank, National Association | 12 | $2.5M | $212K | not reported |
| 8 | The Farmers National Bank of Canfield | 13 | $1.9M | $147K | not reported |
| 9 | PNC Bank, National Association | 5 | $1.0M | $208K | not reported |
| 10 | Citizens Bank, National Association | 5 | $490K | $98K | 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 Salem compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Salem area | $50K ▼ 37.5% | 2.0% ▼ 3.4 pts |
| Ohio | $80K | 5.4% |
| United States | $179K | 11.2% |
What gets funded in Salem
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 67 | $34.6M |
| Retail Trade | 76 | $15.1M |
| Transportation and Warehousing | 87 | $9.2M |
| Wholesale Trade | 19 | $8.8M |
| Construction | 116 | $7.7M |
| Accommodation and Food Services | 38 | $7.5M |
| Health Care and Social Assistance | 18 | $7.2M |
| Administrative and Support | 43 | $6.8M |
SBA lending in Salem by year
Geography, precisely
"Salem area" here means the Salem, OH micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Columbiana 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.