What SBA's own loan files show about lending in the Toledo, OH Metro Area, every asset class together, and what a feasibility study for a project there has to test.
SBA approved 1,592 loans for Toledo projects from FY2017 through FY2026, worth $542.0 million in gross dollars. By loan count, Toledo ranks 66 of 928 against every other statistical area, Toledo among them. The local median loan is $75,000; the middle half of approvals run from $30,000 to $250,000. Toledo borrowers borrow less, at 0.36x of the national median. Smaller Toledo tickets are the first thing that sets Toledo apart.
The program split in Toledo is 1,532 under 7(a) and 60 under 504. Toledo is a 7(a) market first. Franchise brands account for 11.2% of loans in this metro area. 1,005 loans worth $145.1 million put The Huntington National Bank first among 7(a) holders; next is KeyBank National Association, 62 loans for $23.3 million. Also in the 7(a) table: Fifth Third Bank at 43 loans, and The State Bank and Trust Company at 28. For 504, the top name is Northwest Ohio Development Assistance Corporation, holding 39 loans worth $31.5 million, just ahead of Growth Capital Corp. at 7. Lender numbers here are SBA records, nothing more. The Huntington National Bank appears because SBA names it as the holder; a count of loans is not a view of lender practice.
The larger share of the Toledo record falls outside the class table: 1,167 loans filed under other codes. The class entries therefore describe a minority of Toledo lending. The Toledo class table opens with full-service restaurant, 99 loans, ahead of limited-service restaurant at 54, and hotel and motel at 36. Smaller classes follow, among them automotive mechanical repair (car and truck) at 30 loans and beauty salon at 28. By county, Lucas County, OH accounts for 1,083 loans and then Wood County, OH at 399, with Fulton County, OH third at 110. Demand differs between these counties, so the Toledo figure hides some spread.
A minimum of 8.7% of Toledo approvals made in FY2017 to FY2024 never funded. Treating undisbursed Toledo loans as cancelled gives a ceiling of 11.0%. Of 654 disbursed loans in the FY2017 to FY2021 Toledo cohort, at least 4.3% have been charged off, and 2.9% were Toledo charged off within five years of approval. Older loans can still default, making these floors and can only rise. Volume crested in FY2024, at 211 loans and $47.6 million; the thinnest Toledo year before FY2026 was FY2019, with 123 loans for $48.2 million. Toledo is built from project counties such as Lucas County, OH, counties are placed under the July 2023 delineation, and an unplaced Toledo county drops its loans from Toledo and every area.
A study for a Toledo project must start from one site and one county, given how unlike its Toledo counties can be. Full-service restaurant is the lead Toledo class in Toledo, so the study should test the lunch and dinner balance, what prime cost leaves for debt and the lease term against payback. For limited-service restaurant, the next Toledo class in Toledo, depend on the delivery platforms' share of sales and on drive-through and counter throughput. Debt service coverage in Toledo needs a poor-year test; the collateral worth needs local evidence under it. Since Toledo loans skew small, an ask beyond the usual range must be defended with project facts.
| Loans approved, FY2017 to FY2026 | 1,592 |
|---|---|
| Gross dollars approved | $542.0 million |
| Median loan | $75,000 |
| Middle half of loans, from | $30,000 |
| Middle half of loans, to | $250,000 |
| SBA 7(a) loans | 1,532 |
| SBA 504 loans | 60 |
| Franchise share of loans | 11.2% |
| Rank among metro and micro areas by loans | 66 of 928 |
| Median loan against the national median | 0.36x |
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 8.7% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 11.0% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 4.3% |
| Charged off within five years of approval | 2.9% |
| Loans in that cohort | 654 |
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 loans approved in the Toledo, OH Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 165 | $59.7 million |
| FY2018 | 152 | $42.8 million |
| FY2019 | 123 | $48.2 million |
| FY2020 | 123 | $51.2 million |
| FY2021 | 171 | $64.5 million |
| FY2022 | 185 | $75.4 million |
| FY2023 | 172 | $38.0 million |
| FY2024 | 211 | $47.6 million |
| FY2025 | 189 | $59.2 million |
| FY2026 | 101 | $55.5 million |
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 1,167 |
| Full-service restaurant | 99 |
| Limited-service restaurant | 54 |
| Hotel and motel | 36 |
| Automotive mechanical repair (car and truck) | 30 |
| Beauty salon | 28 |
| Coffee shop and snack bar | 26 |
| Fitness center | 25 |
| Child care center | 19 |
| Car wash | 14 |
| Beverage manufacturing (breweries, wineries, distilleries) | 12 |
| Dental office | 11 |
| Veterinary clinic | 11 |
| Caterers (includes banquet halls with catering staff) | 10 |
| Rehabilitation and therapy clinic | 8 |
| Nonresidential lessor (flex, office and retail investor buildings) | 6 |
| Gas station and truck stop | 5 |
| Self storage | 5 |
| Liquor store | 5 |
| Grocery store | 5 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
| Lender | Loans | Dollars |
|---|---|---|
| Northwest Ohio Development Assistance Corporation | 39 | $31.5 million |
| Growth Capital Corp. | 7 | $3.7 million |
| Michigan Certified Development Corporation | 5 | $6.3 million |
| Lender | Loans | Dollars |
|---|---|---|
| The Huntington National Bank | 1,005 | $145.1 million |
| KeyBank National Association | 62 | $23.3 million |
| Fifth Third Bank | 43 | $20.5 million |
| The State Bank and Trust Company | 28 | $14.7 million |
| WesBanco Bank, Inc. | 24 | $8.5 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.
| County | Loans |
|---|---|
| Lucas County, OH | 1,083 |
| Wood County, OH | 399 |
| Fulton County, OH | 110 |
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.
All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.
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 MT-45780.
A worked example of the feasibility study a lender would read for a glamping resort project in Ohio, financed with a USDA Business and Industry guaranteed loan.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial 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.
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