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County14th of 83 in Michigan by approvalsFIPS 26005
SBA loans in Allegan County, Michigan
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Allegan County, Michigan, received 184 SBA loan approvals worth $76.1M in FY2021 to FY2025 (157 7(a), 27 504).
That is 71.6 approvals per 1,000 business establishments (2,571 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 14th of 83 Michigan counties with approvals. In FY2025 there were 35, down 10% on FY2024.
34 lenders had approvals here; the most active were The Huntington National Bank (100), Great Lakes Commercial Finance (14) and Michigan Certified Development Corporation (13). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Allegan County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 100 | $14.3M | 54.3% | |
| 2 | Great Lakes Commercial FinanceGrandville, MI · CDC | 14 | $7.6M | 7.6% | |
| 3 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 13 | $15.7M | 7.1% | |
| 4 | Horizon BankMichigan City, IN | 8 | $5.4M | 4.3% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 5 | $1.8M | 2.7% | |
| 6 | ChoiceOne BankSparta, MI | 4 | $2.6M | 2.2% | |
| 7 | Arbor Financial Credit UnionKalamazoo, MI | 3 | $1.8M | 1.6% | |
| 8 | First National Bank of MichiganKalamazoo, MI | 3 | $1.4M | 1.6% | |
| 9 | Southern Michigan Bank & TrustColdwater, MI | 2 | — | 1.1% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 2 | — | 1.1% | |
| 11 | Bank MichiganBrooklyn, MI | 2 | — | 1.1% | |
| 12 | Highpoint Community BankHastings, MI | 2 | — | 1.1% | |
| 13 | First National Bank of PennsylvaniaGreenville, PA | 2 | — | 1.1% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 1.1% | |
| 15 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 23 | 12.5% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 13 | 7.1% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 13 | 7.1% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 12 | 6.5% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 12 | 6.5% | |
| 6 | Traveler AccommodationNAICS 7211 | 10 | 5.4% | |
| 7 | Machinery, Equipment, and Supplies Merchant WholesalersNAICS 4238 | 7 | 3.8% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 7 | 3.8% | |
| 9 | Specialized Freight TruckingNAICS 4842 | 6 | 3.3% | |
| 10 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 41 | 22.3% | |
| 2 | Accommodation and Food Services | 33 | 17.9% | |
| 3 | Other Services (except Public Administration) | 23 | 12.5% | |
| 4 | Retail Trade | 16 | 8.7% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 15 | 8.2% | |
| 6 | Manufacturing | 12 | 6.5% | |
| 7 | Wholesale Trade | 11 | 6.0% | |
| 8 | Transportation and Warehousing | 10 | 5.4% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 15 | $4.7M | $175K | 6 | $8.7M | 21 | 198 |
| FY2025 | 32 | $13.4M | $114K | 3 | $2.6M | 35 | 132 |
| FY2024 | 37 | $12.9M | $100K | 2 | — | 39 | 212 |
| FY2023 | 33 | $5.4M | $50K | 3 | $876K | 36 | 206 |
| FY2022 | 16 | $5.1M | $50K | 7 | $6.0M | 23 | 121 |
| FY2021 | 39 | $16.0M | $100K | 12 | $9.3M | 51 | 390 |
| FY2020 | 21 | $4.3M | $59K | 1 | — | 22 | 247 |
| FY2019 | 37 | $7.6M | $100K | 1 | — | 38 | 211 |
| FY2018 | 41 | $9.2M | $72K | 4 | $4.2M | 45 | 350 |
| FY2017 | 26 | $5.2M | $106K | 2 | — | 28 | 136 |
| FY2016 | 42 | $4.5M | $56K | 5 | $1.9M | 47 | 206 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 180 approvals.
Against Michigan and the country
| FY2021–FY2025 | Allegan County | Michigan | United States |
|---|---|---|---|
| Approvals | 184 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 71.6 | 55.8 | 41.0 |
| Median 7(a) approval | $100K | $125K | $190K |
| Median 504 approval | $556K | $540K | $657K |
| Average approval | $414K | $415K | $573K |
| 504 share of approvals | 14.7% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 5.8 | 9.4 | 10.5 |
| Share of state approvals | 1.4% | 100.0% | — |
Approval sizes
- $50,000 or less35.3%65
- $50,001 to $150,00021.7%40
- $150,001 to $350,00013.0%24
- $350,001 to $1 million17.9%33
- $1 million to $2 million6.5%12
- Over $2 million5.4%10
Age of the businesses
- Existing, more than 2 years old67.4%124
- New business, 2 years or less9.2%17
- Startup, loan funds will open the business13.0%24
- Change of ownership10.3%19
Questions and answers
Which lenders make the most SBA loans in Allegan County?
By approvals in FY2021 to FY2025: The Huntington National Bank (100), Great Lakes Commercial Finance (14), Michigan Certified Development Corporation (13), Horizon Bank (8), BayFirst National Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Allegan County?
The median 7(a) approval was $100K and the median 504 approval $556K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Allegan County?
Restaurants and Other Eating Places (23); Other Specialty Trade Contractors (13); Services to Buildings and Dwellings (13); Foundation, Structure, and Building Exterior Contractors (12); Automotive Repair and Maintenance (12).
Is SBA lending in Allegan County rising?
Approvals in the three latest complete fiscal years total 110, against 96 in the three before: rising (+15%).
How does Allegan County compare with the rest of Michigan?
71.6 approvals per 1,000 establishments against 55.8 statewide, and 184 of the state's 12,809 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error