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County18th of 83 in Michigan by approvalsFIPS 26021
SBA loans in Berrien 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.
SBA approved 137 loans to businesses in Berrien County, Michigan, in FY2021 to FY2025, worth $72.0M: 124 under 7(a) and 13 under 504.
That is 38.5 approvals per 1,000 business establishments (3,561 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 18th of 83 Michigan counties with approvals. In FY2025 there were 35, up 21% on FY2024.
34 lenders had approvals here; the most active were The Huntington National Bank (34), Horizon Bank (13) and 1st Source Bank (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 Berrien 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 | 34 | $8.7M | 24.8% | |
| 2 | Horizon BankMichigan City, IN | 13 | $2.3M | 9.5% | |
| 3 | 1st Source BankSouth Bend, IN | 13 | $2.2M | 9.5% | |
| 4 | United FCUSaint Joseph, MI | 11 | $7.3M | 8.0% | |
| 5 | Everwise Credit UnionSouth Bend, IN | 5 | $2.5M | 3.6% | |
| 6 | Business Development Corporation (BDC)South Bend, IN · CDC | 5 | $2.0M | 3.6% | |
| 7 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 4 | $3.4M | 2.9% | |
| 8 | Great Lakes Commercial FinanceGrandville, MI · CDC | 4 | $2.5M | 2.9% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 4 | $1.0M | 2.9% | |
| 10 | Byline BankChicago, IL | 3 | $3.1M | 2.2% | |
| 11 | Lake City BankWarsaw, IN | 3 | $3.0M | 2.2% | |
| 12 | Fifth Third BankCincinnati, OH | 3 | $2.2M | 2.2% | |
| 13 | Old National BankEvansville, IN | 3 | $2.1M | 2.2% | |
| 14 | Honor CUBerrien Springs, MI | 3 | $1.0M | 2.2% | |
| 15 | Capitol National BankLansing, MI | 3 | $926K | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 26 | 19.0% | |
| 2 | Traveler AccommodationNAICS 7211 | 7 | 5.1% | |
| 3 | Personal Care ServicesNAICS 8121 | 7 | 5.1% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 5 | 3.6% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 5 | 3.6% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 3.6% | |
| 7 | Metalworking Machinery ManufacturingNAICS 3335 | 4 | 2.9% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 4 | 2.9% | |
| 9 | Grocery StoresNAICS 4451 | 4 | 2.9% | |
| 10 | Coating, Engraving, Heat Treating, and Allied ActivitiesNAICS 3328 | 4 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 36 | 26.3% | |
| 2 | Manufacturing | 20 | 14.6% | |
| 3 | Construction | 14 | 10.2% | |
| 4 | Retail Trade | 12 | 8.8% | |
| 5 | Other Services (except Public Administration) | 11 | 8.0% | |
| 6 | Professional, Scientific, and Technical Services | 9 | 6.6% | |
| 7 | Health Care and Social Assistance | 8 | 5.8% | |
| 8 | Wholesale Trade | 6 | 4.4% |
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* | 7 | $4.6M | $166K | 3 | $992K | 10 | 88 |
| FY2025 | 29 | $15.7M | $200K | 6 | $3.7M | 35 | 256 |
| FY2024 | 28 | $8.6M | $200K | 1 | — | 29 | 224 |
| FY2023 | 17 | $3.5M | $108K | 2 | — | 19 | 111 |
| FY2022 | 20 | $12.9M | $288K | 3 | $832K | 23 | 299 |
| FY2021 | 30 | $23.4M | $296K | 1 | — | 31 | 404 |
| FY2020 | 18 | $7.2M | $100K | 1 | — | 19 | 238 |
| FY2019 | 28 | $8.9M | $150K | 1 | — | 29 | 218 |
| FY2018 | 42 | $11.7M | $121K | 2 | — | 44 | 411 |
| FY2017 | 33 | $11.5M | $100K | 3 | $4.2M | 36 | 488 |
| FY2016 | 36 | $14.4M | $105K | 2 | — | 38 | 411 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 166 approvals.
Against Michigan and the country
| FY2021–FY2025 | Berrien County | Michigan | United States |
|---|---|---|---|
| Approvals | 137 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 38.5 | 55.8 | 41.0 |
| Median 7(a) approval | $201K | $125K | $190K |
| Median 504 approval | $434K | $540K | $657K |
| Average approval | $526K | $415K | $573K |
| 504 share of approvals | 9.5% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 9.4 | 9.4 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less20.4%28
- $50,001 to $150,00018.2%25
- $150,001 to $350,00028.5%39
- $350,001 to $1 million15.3%21
- $1 million to $2 million11.7%16
- Over $2 million5.8%8
Age of the businesses
- Existing, more than 2 years old53.3%73
- New business, 2 years or less8.8%12
- Startup, loan funds will open the business25.5%35
- Change of ownership12.4%17
Questions and answers
Which lenders make the most SBA loans in Berrien County?
By approvals in FY2021 to FY2025: The Huntington National Bank (34), Horizon Bank (13), 1st Source Bank (13), United FCU (11), Everwise Credit Union (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Berrien County?
The median 7(a) approval was $201K and the median 504 approval $434K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Berrien County?
Restaurants and Other Eating Places (26); Traveler Accommodation (7); Personal Care Services (7); Offices of Other Health Practitioners (5); Other Professional, Scientific, and Technical Services (5).
Is SBA lending in Berrien County rising?
Approvals in the three latest complete fiscal years total 83, against 73 in the three before: rising (+14%).
How does Berrien County compare with the rest of Michigan?
38.5 approvals per 1,000 establishments against 55.8 statewide, and 137 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