Top SBA Acquisition Lenders in Ohio
62 active SBA 7(a) lenders in Ohio, ranked by loan volume.
Lenders
in Ohio
Total Volume
Median Rate
Median Loan Size
Top Lenders in Ohio
Top 25 Lenders in Ohio
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Ohio has 62 active SBA 7(a) acquisition lenders that have originated a combined 245 loans totaling $375.5M in volume. The median acquisition loan size in Ohio is $1011K, with a median interest rate of Prime + 2.25% (Prime + spread).
When evaluating SBA lenders in Ohio, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Ohio?
There are currently 62 active SBA 7(a) lenders in Ohio based on FOIA lending data. These lenders have originated 245 acquisition loans.
What is the typical SBA loan rate in Ohio?
The median SBA 7(a) acquisition loan rate in Ohio is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.