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SBA lenders in Independence, OH

SBA 7(a) and 504 loans to businesses in Independence (Cuyahoga County), October 2021 to June 30, 2026 · Updated October 15, 2026
38
SBA loans approved
$23.6M
Total approved
$202,700
Median loan
15
Lenders active
24%
To startups

38 SBA loans worth $23.6M went to businesses in Independence, OH between October 2021 and June 2026, from 15 lenders. Huntington National Bank made the most, 20 loans. The median loan was $202,700, compared with $100,000 across Ohio, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Independence

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
20$3.2M$150,00020%
2Newtek Bank
Bank · Miami, FL
3$625K$175,0000%
3Alloy Development Co.
Certified development company · Cincinnati, OH
2$5.9M$2,960,5000%
4First Commonwealth Bank
Bank · Indiana, PA
2$5.0M$2,500,0000%
5Shoreham Bank
Bank · Warwick, RI
1$4.2M$4,200,0000%
6Heritage Bank
Bank · Burlington, KY
1$1.3M$1,255,000100%
7U.S. Bank
Bank · Cincinnati, OH
1$992K$991,8000%
8Pathward
Bank · Sioux Falls, SD
1$650K$650,0000%
9Byline Bank
Bank · Chicago, IL
1$550K$550,000100%
10BayFirst National Bank
Bank · St. Petersburg, FL
1$350K$350,0000%
11Five Star Bank
Bank · Roseville, CA
1$350K$350,0000%
12United Midwest Savings Bank
Bank · Degraff, OH
1$250K$250,000100%
13Readycap Lending
Non-bank lender · Berkeley Heights, NJ
1$200K$200,0000%
14Northeast Bank
Bank · Portland, ME
1$42K$42,000100%
15KeyBank
Bank · Cleveland, OH
1$25K$25,000100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Independence. For 504 loans the lender shown is the certified development company.

What gets financed in Independence

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels11
29%
$200,000Huntington National Bank
Transportation and warehousing5
13%
$189,900Huntington National Bank
Retail4
11%
$125,000Huntington National Bank
Construction4
11%
$250,000Huntington National Bank
Administrative and support services3
8%
$350,000Huntington National Bank
Other services (repair, personal care)3
8%
$150,000Huntington National Bank
Manufacturing3
8%
$1,315,900First Commonwealth Bank
Information and media2
5%
$150,000Huntington National Bank
Loan size mix
  • Under $150,00029%
  • $150,000 to $500,00047%
  • $500,000 to $2 million16%
  • $2 million and up8%
Compared with Ohio
Median loan, Independence
$202,700
Median loan, Ohio
$100,000
Startup share, Independence
24%
Startup share, Ohio
32%
Share of state's SBA loans
0.2%

SBA loans per fiscal year in Independence

071320FY14: 12 loansFY14FY15: 19 loansFY1519FY16: 12 loansFY16FY17: 16 loansFY17FY18: 14 loansFY18FY19: 12 loansFY19FY20: 4 loansFY20FY21: 11 loansFY21FY22: 10 loansFY22FY23: 11 loansFY23FY24: 4 loansFY24FY25: 6 loansFY25FY26 (Oct to Jun): 7 loansFY267
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.