OHIO · NAICS 713930
Ohio marina and boat storage projects run on the Lake Erie islands corridor around Put-in-Bay and Sandusky, one of the largest freshwater boating economies in the country. Studies translate slip mix, dry and winter storage, fuel and service revenue, and seasonal demand into projections, and reconcile environmental and shoreline regulatory exposure.
FEASIBILITY TRIGGER
Marinas are special-purpose under SOP 50 10 8, so a third-party feasibility study is normally required with an industry-experienced going-concern appraiser, and elevated equity applies.
SBA 7(a) and 504 lenders funded 8 marina and boat storage projects across Ohio between FY2010 and FY2026, moving $3.9 million in approved capital at an average ticket of $481,000. That volume places Ohio at #19 of 38 states measured for marina and boat storage SBA activity, or 0.9% of national marina and boat storage dollars. The 7(a) program carried 87.5% of the loan count, with 504 taking the balance, and 2 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 8 |
| Approved volume | $3.9 million |
| Average loan size | $481,000 |
| 7(a) share | 87.5% |
| Approvals since FY2024 | 2 |
| State rank by loan count | #19 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned marina and boat storage loans (approvals FY2010–FY2021) show an adverse-resolution rate of 3.0%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 3.0%, close to the national marina and boat storage benchmark of 3.0%, puts Ohio deals in this class on ordinary SBA credit footing. Across 8 loans averaging $481,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Ohio marinas and boat storage project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Ohio projects most often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
The Lake Erie islands corridor around Put-in-Bay and Sandusky anchors one of the largest freshwater boating economies in the country, with winterized storage carrying the off-season model.
For a national view of this asset class, see our marina and boat storage SBA feasibility overview, and read our related analysis in the marina and boat storage lending research on our blog.
Compare neighboring markets: North Carolina, Oregon, Texas.
Public SBA and CDC program records, cited as program evidence
SBA 504 refinance with cash-out through TMC Financing and First Bank
Marina property, national program evidence
Alameda, Alameda County, California
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