48 SBA loans worth $7.2M went to businesses in Salem, OH between October 2021 and June 2026, from 14 lenders. Huntington National Bank made the most, 28 loans. The median loan was $75,000, compared with $100,000 across Ohio, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 28 | $2.5M | $43,000 | 36% |
| 2 | Valley Economic Development Partners Certified development company · Youngstown, OH | 3 | $1.2M | $412,000 | 33% |
| 3 | First Commonwealth Bank Bank · Indiana, PA | 3 | $980K | $330,000 | 0% |
| 4 | Consumers National Bank Bank · Minerva, OH | 3 | $228K | $75,000 | 0% |
| 5 | KeyBank Bank · Cleveland, OH | 2 | $638K | $318,750 | 100% |
| 6 | American Momentum Bank Bank · College Station, TX | 1 | $731K | $731,000 | 0% |
| 7 | WesBanco Bank Bank · Wheeling, WV | 1 | $334K | $333,500 | 100% |
| 8 | Valley Economic Development Partners Non-bank lender · Youngstown, OH | 1 | $230K | $230,500 | 0% |
| 9 | Live Oak Banking Bank · Wilmington, NC | 1 | $92K | $92,500 | 0% |
| 10 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $75K | $75,000 | 0% |
| 11 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $75K | $75,000 | 0% |
| 12 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $50K | $50,000 | 0% |
| 13 | Newtek Bank Bank · Miami, FL | 1 | $50K | $50,000 | 0% |
| 14 | PNC Bank Bank · Wilmington, DE | 1 | $20K | $20,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 11 | $46,000 | Huntington National Bank | |
| Manufacturing | 10 | $77,500 | Huntington National Bank | |
| Retail | 7 | $128,100 | Consumers National Bank | |
| Restaurants and hotels | 4 | $101,000 | Huntington National Bank | |
| Wholesale trade | 4 | $271,000 | Huntington National Bank | |
| Other services (repair, personal care) | 3 | $25,000 | Huntington National Bank | |
| Transportation and warehousing | 3 | $25,000 | Huntington National Bank | |
| Professional and technical services | 2 | $71,250 | Readycap Lending |