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County33rd of 83 in Michigan by approvalsFIPS 26015
SBA loans in Barry 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 Barry County, Michigan, received 57 SBA loan approvals worth $20.2M in FY2021 to FY2025 (49 7(a), 8 504).
That is 59.1 approvals per 1,000 business establishments (965 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 33rd of 83 Michigan counties with approvals. In FY2025 there were 11, about level with FY2024.
14 lenders had approvals here; the most active were Highpoint Community Bank (22), The Huntington National Bank (14) and Michigan Certified Development Corporation (7). 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 Barry County
By number of approvals to businesses in the county, FY2021–FY2025; 14 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Highpoint Community BankHastings, MI | 22 | $4.7M | 38.6% | |
| 2 | The Huntington National BankColumbus, OH | 14 | $1.6M | 24.6% | |
| 3 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 7 | $3.8M | 12.3% | |
| 4 | Old National BankEvansville, IN | 2 | — | 3.5% | |
| 5 | Northeast BankLewiston, ME | 2 | — | 3.5% | |
| 6 | 1st Source BankSouth Bend, IN | 2 | — | 3.5% | |
| 7 | First National Bank of PennsylvaniaGreenville, PA | 1 | — | 1.8% | |
| 8 | ChoiceOne BankSparta, MI | 1 | — | 1.8% | |
| 9 | Oakland County Business Finance CorporationWaterford, MI · CDC | 1 | — | 1.8% | |
| 10 | Lake Trust CUBrighton, MI | 1 | — | 1.8% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 1.8% | |
| 12 | Fifth Third BankCincinnati, OH | 1 | — | 1.8% | |
| 13 | PFCUPortland, MI | 1 | — | 1.8% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 10.5% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 10.5% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 8.8% | |
| 4 | Other Miscellaneous ManufacturingNAICS 3399 | 3 | 5.3% | |
| 5 | Other Personal ServicesNAICS 8129 | 3 | 5.3% | |
| 6 | Offices of Real Estate Agents and BrokersNAICS 5312 | 3 | 5.3% | |
| 7 | Cement and Concrete Product ManufacturingNAICS 3273 | 2 | 3.5% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 3.5% | |
| 9 | Death Care ServicesNAICS 8122 | 2 | 3.5% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 2 | 3.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 12 | 21.1% | |
| 2 | Construction | 9 | 15.8% | |
| 3 | Accommodation and Food Services | 8 | 14.0% | |
| 4 | Manufacturing | 5 | 8.8% | |
| 5 | Real Estate and Rental and Leasing | 4 | 7.0% | |
| 6 | Retail Trade | 4 | 7.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 3 | 5.3% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 3 | 5.3% |
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* | 9 | $2.9M | $180K | 1 | — | 10 | 58 |
| FY2025 | 11 | $1.9M | $150K | 0 | — | 11 | 62 |
| FY2024 | 9 | $5.4M | $60K | 2 | — | 11 | 63 |
| FY2023 | 5 | $1.6M | $90K | 1 | — | 6 | 35 |
| FY2022 | 8 | $1.4M | $113K | 4 | $3.6M | 12 | 100 |
| FY2021 | 16 | $5.2M | $110K | 1 | — | 17 | 165 |
| FY2020 | 3 | $514K | $123K | 1 | — | 4 | 28 |
| FY2019 | 6 | $1.4M | $66K | 1 | — | 7 | 77 |
| FY2018 | 16 | $4.7M | $50K | 1 | — | 17 | 216 |
| FY2017 | 15 | $1.6M | $100K | 3 | $404K | 18 | 122 |
| FY2016 | 12 | $2.2M | $88K | 0 | — | 12 | 84 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 58 approvals.
Against Michigan and the country
| FY2021–FY2025 | Barry County | Michigan | United States |
|---|---|---|---|
| Approvals | 57 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 59.1 | 55.8 | 41.0 |
| Median 7(a) approval | $100K | $125K | $190K |
| Median 504 approval | $330K | $540K | $657K |
| Average approval | $355K | $415K | $573K |
| 504 share of approvals | 14.0% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 7.5 | 9.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less22.8%13
- $50,001 to $150,00031.6%18
- $150,001 to $350,00024.6%14
- $350,001 to $1 million10.5%6
- $1 million to $2 million7.0%4
- Over $2 million3.5%2
Age of the businesses
- Existing, more than 2 years old73.7%42
- New business, 2 years or less5.3%3
- Startup, loan funds will open the business8.8%5
- Change of ownership12.3%7
Questions and answers
Which lenders make the most SBA loans in Barry County?
By approvals in FY2021 to FY2025: Highpoint Community Bank (22), The Huntington National Bank (14), Michigan Certified Development Corporation (7), Old National Bank (2), Northeast Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Barry County?
The median 7(a) approval was $100K and the median 504 approval $330K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Barry County?
Restaurants and Other Eating Places (6); Automotive Repair and Maintenance (6); Other Specialty Trade Contractors (5); Other Miscellaneous Manufacturing (3); Other Personal Services (3).
Is SBA lending in Barry County rising?
Approvals in the three latest complete fiscal years total 28, against 33 in the three before: falling (-15%).
How does Barry County compare with the rest of Michigan?
59.1 approvals per 1,000 establishments against 55.8 statewide, and 57 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