Feasibility Study Data for the Cleveland, OH Metro Area

Cleveland, OH: loan volume and median size around Cleveland

SBA approved 7,871 loans for Cleveland projects from FY2017 through FY2026, and $2.33 billion in gross dollars stands behind them. By loan count, Cleveland ranks 18 of 928 against every other statistical area, Cleveland among them. The local median loan is $90,000, while the middle half span $36,350 to $250,000. Against the country, Cleveland borrowers take smaller loans, with a median 0.43x of the national one. Tickets in Cleveland run smaller than the national median.

Cleveland lenders and the programs they use in Cleveland, OH

7,583 of the approvals were 7(a) loans and 288 were 504 loans. Loans tied to franchise systems make up 8.5% in this metro area. The Huntington National Bank tops the 7(a) table at 4,900 loans and $769.9 million. Second place is KeyBank National Association: 417 loans, $181.0 million. U.S. Bank, National Association holds 316 loans, with 181 more at Growth Capital Corp. For 504, the top name is Growth Capital Corp., holding 199 loans worth $156.1 million. Cascade Capital Corporation trails with 37. The lender rows come from SBA's own loan files on holders. Because each loan file records who holds it today, The Huntington National Bank gets a row; nothing in a row describes how KeyBank National Association treats borrowers.

Cleveland, OH: where Cleveland loans sit by class and county

In Cleveland, most of the total is outside the tracked classes: 6,189 loans under other industry codes. The class rows therefore describe a minority of Cleveland lending. Among tracked classes, full-service restaurant leads with 372 loans, then limited-service restaurant with 209, and fitness center at 161. Lower in the table come beauty salon with 110 and automotive Cleveland mechanical repair (car and truck) at 103. The county table starts with Cuyahoga County, OH at 4,395 loans, followed by Lorain County, OH with 930 and Lake County, OH with 873. The counties differ widely in loan counts, so the area totals blend them.

Cleveland loss floors and what they leave out in Cleveland, OH

Looking at FY2017 to FY2024 approvals, Cleveland cancellations came to at least 11.5%. Treating undisbursed loans as cancelled gives a ceiling of 13.5%. Cleveland write-offs on 3,500 disbursed loans from FY2017 to FY2021 total at least 4.7% so far. Within five years of approval, 2.7% were charged off. Seasoning continues, which keeps these rates as floors, that can climb and cannot fall. The busiest year was FY2017, with 930 loans for $230.7 million. The weakest year before FY2026 was FY2020, with 645 loans and $177.4 million. Cleveland is built from project counties such as Cuyahoga County, OH. Then federal boundaries from July 2023 settle which counties count, and an unplaced county drops its loans from Cleveland and every area.

Cleveland projects and the study behind them in Cleveland, OH

Any Cleveland feasibility study must start from the particular county, as no single market sits behind the total. Reading the Cleveland table from the top, full-service restaurant comes first, and it has to examine kitchen capacity against peak service and seats against realistic covers, then Cleveland dining rooms and their weeknight trade. A Cleveland request in limited-service restaurant turns on franchise fees against thin margins, with queue length at the lunch rush close behind. Cash flow for a Cleveland loan has to clear even if sales slip; the collateral value needs local evidence under it. With smaller tickets the norm in Cleveland, an ask beyond the usual range will draw questions the study should answer first.