SBA 504 Loans in Toledo, OH
Find lenders offering sba 504 loans in the Toledo, including Oregon, Perrysburg, Maumee, and surrounding areas. Compare rates, terms, and programs from 22 lenders.
Which SBA 504 lenders serve Toledo?
22 lenders offering sba 504 loans in the Toledo, OH area.
The Huntington National Bank
Local SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
Local SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Fifth Third Bank
Local SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
KeyBank National Association
Local SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
Alloy Development Co., Inc.
Local SBACincinnati, OH
Community Capital Development Corporation
Local SBADublin, OH
Cascade Capital Corporation
Local SBAAkron, OH
Ohio Statewide Development Corporation
Local SBAColumbus, OH
Growth Capital Corp.
Local SBACleveland, OH
Valley Economic Development Partners, Inc.
Local SBAYoungstown, OH
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
SBALOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
What does the Toledo commercial real estate market look like?
Toledo's CRE market reflects its industrial heritage as a center of glass manufacturing and automotive production, with the city's port on Lake Erie and proximity to the Michigan border shaping its commercial real estate dynamics. The downtown waterfront along the Maumee River has seen investment around Promenade Park and the Mud Hens' Fifth Third Field, though revitalization has been incremental compared to Ohio's larger metros. The I-75 corridor south through Perrysburg and Findlay captures the majority of new retail and suburban office activity, while the I-80 corridor and Toledo Express Airport area serve industrial and logistics tenants. The University of Toledo and its medical center provide a stable employment anchor and generate consistent demand for student housing and medical office properties in the surrounding neighborhoods.
Key Economic Drivers
- ●Owens Corning and Libbey Glass legacy operations maintaining Toledo's identity as the 'Glass City' with industrial space demand
- ●ProMedica Health System headquarters and the University of Toledo Medical Center generating healthcare CRE absorption
- ●Port of Toledo handling bulk cargo and supporting logistics operations along the I-75 and I-80 corridors
- ●First Solar's manufacturing presence in the metro area connecting Toledo to the growing solar energy supply chain
Market Insight
Toledo's historic glass manufacturing infrastructure has found new relevance as First Solar operates its largest U.S. solar panel manufacturing facility in the metro, and the city's designation as the 'Solar Capital of the Midwest' has attracted related clean energy supply chain tenants to available industrial space.
How do sba 504 loans work in Toledo, Ohio?
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Toledo metro area, borrowers can access 22 lenders offering SBA 504 financing, including Oregon, Perrysburg, Maumee, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who should consider sba 504 loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
What are the key requirements?
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans in Toledo FAQ
How many SBA 504 lenders serve Toledo, OH? ▼
What are SBA 504 loan rates in Toledo? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
Where else can I find sba 504 loans in Ohio?
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