Top SBA Lenders in Ohio for Accommodation & Food Services
6 SBA 7(a) lenders active in Ohio's accommodation & food services sector.
Lenders
42 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.5%
Top Accommodation & Food Services Lenders in Ohio
Rate Distribution (Accommodation & Food Services in Ohio)
All Accommodation & Food Services Lenders in Ohio
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 14 | $7.9M | P+2.25% | 1.5% |
| 2 | GBank | 12 | $35.9M | P+1.00% | 0.6% |
| 3 | Shoreham Bank | 6 | $26.4M | P+1.00% | 0.0% |
| 4 | Stearns Bank National Association | 4 | $3.6M | P+2.75% | 5.1% |
| 5 | Southwestern National Bank | 3 | $8.1M | P+1.25% | 0.0% |
| 6 | First Western SBLC, Inc | 3 | $12.6M | P+1.13% | 0.0% |
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6 SBA 7(a) lenders are active in Ohio's accommodation & food services sector, having originated 42 loans totaling $94.5M. The median rate for accommodation & food services acquisitions in Ohio is Prime + 1.19%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.5%, which is below the state average of 1.5% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in Ohio?
6 SBA 7(a) lenders have originated accommodation & food services acquisition loans in Ohio, with a combined 42 loans.
What rate can I expect for a accommodation & food services acquisition in Ohio?
The median rate is Prime + 1.19% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in Ohio?
The 10-year cumulative default rate is 1.5%, compared to a statewide average of 1.5%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.