Toledo: full-service restaurant

Toledo drew 99 full-service restaurant loans worth $17.2 million between FY2017 and FY2026. Toledo places 53 of 821 nationally for the class on 99 loans; in Toledo, the class takes 1 of 39. In Toledo, a quotient of 1.25x makes the class far more common. $50,000 separates Toledo from both parents on size.

$50,000 is typical in Toledo, in a middle half $25,000 to $186,150; against the national median that is 0.18x, well below it. Toledo lending ran 99 through 7(a) against 0 through 504. 12.1% of 99 Toledo loans are franchised.

Toledo's 7(a) table, 75 loans through The Huntington National Bank, $10.0 million; 10 through KeyBank National Association, $2.1 million; 6 through WesBanco Bank, Inc., $2.2 million. Toledo: unnamed holders have under 5 loans. 99 loans in Toledo, by county: Lucas County, OH 75.

Cancellations in Toledo and charge-offs

In Toledo, cancellations took 7.8% or more of Toledo's FY2017 to FY2024 approvals. Toledo: undisbursed-loan ceiling withheld, not zero. 45 FY2017 to FY2021 loans were disbursed; 11.1% or more have been charged off; Toledo five-year measure: withheld, not zero. Toledo floors rise as loans age. Of Toledo's 99 loans, the high year held 15 in FY2022 and the low year 6 in FY2020; FY2024 shows 10 loans and $1.6 million. Yearly loan counts for Toledo: FY2017 13, FY2018 14, FY2019 7, FY2020 6, FY2021 11, FY2022 15, FY2023 14, FY2024 10. Dollars by year: FY2017 $1.9 million, FY2018 $3.9 million, FY2019 $1.5 million, FY2020 $751,200, FY2021 $1.7 million, FY2022 $2.1 million, FY2023 $2.4 million, FY2024 $1.6 million. Toledo years left blank are withheld, not zero.

Toledo: testing the project

Toledo: facing slow months, debt service holds with $17.2 million approved. For 99 loans in Toledo, ventilation costs outside $25,000 to $186,150 need cases. For 99 approvals in Toledo, appraisers split concept from building. Toledo approvals ran from 6 in FY2020 to 15 in FY2022; for Toledo, plan for stalled years. Toledo's quotient, 1.25x: count rivals by cuisine. Across 99 loans, evening cover counts in Toledo carries $50,000.

99 loans fall in Toledo by project county. Toledo follows July 2023 delineation by county. Toledo leaves out unplaceable counties. No census here: 99 loans give Toledo a guide only.

SBA full-service restaurant loans in the Toledo, OH Metro Area

Loans approved, FY2017 to FY2026	99
Gross dollars approved	$17.2 million
Median loan	$50,000
Middle half of loans, from	$25,000
Middle half of loans, to	$186,150
SBA 7(a) loans	99
SBA 504 loans	0
Franchise share of loans	12.1%
Rank among metro and micro areas for full-service restaurant loans	53 of 821
Rank of full-service restaurant among the classes in this area	1 of 39
Location quotient (share of loans against the national share)	1.25x
Median loan against the national median for the class	0.18x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	7.8%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	11.1%
Charged off within five years of approval	withheld
Loans in that cohort	45

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA full-service restaurant loans approved in the Toledo, OH Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	13	$1.9 million
FY2018	14	$3.9 million
FY2019	7	$1.5 million
FY2020	6	$751,200
FY2021	11	$1.7 million
FY2022	15	$2.1 million
FY2023	14	$2.4 million
FY2024	10	$1.6 million
FY2025	withheld	withheld
FY2026	withheld	withheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
The Huntington National Bank	75	$10.0 million
KeyBank National Association	10	$2.1 million
WesBanco Bank, Inc.	6	$2.2 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Lucas County, OH	75

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-45780-C34.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a full-service restaurant project in the Toledo, OH Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Restaurant Feasibility Study in the Toledo, OH Metro Area