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County19th of 83 in Michigan by approvalsFIPS 26025
SBA loans in Calhoun 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 Calhoun County, Michigan, received 124 SBA loan approvals worth $81.3M in FY2021 to FY2025 (117 7(a), 7 504).
That is 50.0 approvals per 1,000 business establishments (2,482 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 19th of 83 Michigan counties with approvals. In FY2025 there were 30, up 15% on FY2024.
41 lenders had approvals here; the most active were The Huntington National Bank (32), Kellogg Community CU (14) and Fifth Third Bank (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 Calhoun County
By number of approvals to businesses in the county, FY2021–FY2025; 41 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 32 | $4.4M | 25.8% | |
| 2 | Kellogg Community CUBattle Creek, MI | 14 | $13.3M | 11.3% | |
| 3 | Fifth Third BankCincinnati, OH | 7 | $8.5M | 5.6% | |
| 4 | Southern Michigan Bank & TrustColdwater, MI | 6 | $2.6M | 4.8% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 4 | $3.0M | 3.2% | |
| 6 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 4 | $2.1M | 3.2% | |
| 7 | Highpoint Community BankHastings, MI | 4 | $1.1M | 3.2% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $500K | 3.2% | |
| 9 | Omni Community Credit UnionBattle Creek, MI | 3 | $727K | 2.4% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 3 | $328K | 2.4% | |
| 11 | GBankLas Vegas, NV | 2 | — | 1.6% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 1.6% | |
| 13 | Horizon BankMichigan City, IN | 2 | — | 1.6% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 1.6% | |
| 15 | Homestead Savings BankAlbion, MI | 2 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 7.3% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 5.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 7 | 5.6% | |
| 4 | Traveler AccommodationNAICS 7211 | 5 | 4.0% | |
| 5 | General Freight TruckingNAICS 4841 | 5 | 4.0% | |
| 6 | Residential Building ConstructionNAICS 2361 | 5 | 4.0% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 3.2% | |
| 8 | Child Day Care ServicesNAICS 6244 | 4 | 3.2% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 3.2% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 4 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 21 | 16.9% | |
| 2 | Accommodation and Food Services | 19 | 15.3% | |
| 3 | Health Care and Social Assistance | 16 | 12.9% | |
| 4 | Other Services (except Public Administration) | 15 | 12.1% | |
| 5 | Retail Trade | 12 | 9.7% | |
| 6 | Professional, Scientific, and Technical Services | 8 | 6.5% | |
| 7 | Transportation and Warehousing | 7 | 5.6% | |
| 8 | Educational Services | 4 | 3.2% |
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* | 8 | $1.6M | $76K | 2 | — | 10 | 51 |
| FY2025 | 29 | $14.7M | $250K | 1 | — | 30 | 233 |
| FY2024 | 26 | $9.6M | $121K | 0 | — | 26 | 268 |
| FY2023 | 15 | $11.5M | $186K | 1 | — | 16 | 257 |
| FY2022 | 23 | $24.6M | $315K | 2 | — | 25 | 469 |
| FY2021 | 24 | $17.5M | $330K | 3 | $1.8M | 27 | 281 |
| FY2020 | 12 | $9.4M | $411K | 1 | — | 13 | 127 |
| FY2019 | 18 | $11.6M | $125K | 1 | — | 19 | 137 |
| FY2018 | 23 | $18.3M | $224K | 1 | — | 24 | 274 |
| FY2017 | 25 | $13.3M | $226K | 2 | — | 27 | 213 |
| FY2016 | 21 | $13.6M | $300K | 0 | — | 21 | 305 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 104 approvals.
Against Michigan and the country
| FY2021–FY2025 | Calhoun County | Michigan | United States |
|---|---|---|---|
| Approvals | 124 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 50.0 | 55.8 | 41.0 |
| Median 7(a) approval | $250K | $125K | $190K |
| Median 504 approval | $296K | $540K | $657K |
| Average approval | $656K | $415K | $573K |
| 504 share of approvals | 5.6% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 12.2 | 9.4 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less16.9%21
- $50,001 to $150,00024.2%30
- $150,001 to $350,00026.6%33
- $350,001 to $1 million13.7%17
- $1 million to $2 million10.5%13
- Over $2 million8.1%10
Age of the businesses
- Existing, more than 2 years old61.3%76
- New business, 2 years or less5.6%7
- Startup, loan funds will open the business23.4%29
- Change of ownership9.7%12
Questions and answers
Which lenders make the most SBA loans in Calhoun County?
By approvals in FY2021 to FY2025: The Huntington National Bank (32), Kellogg Community CU (14), Fifth Third Bank (7), Southern Michigan Bank & Trust (6), Live Oak Banking Company (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Calhoun County?
The median 7(a) approval was $250K and the median 504 approval $296K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Calhoun County?
Restaurants and Other Eating Places (9); Automotive Repair and Maintenance (7); Building Equipment Contractors (7); Traveler Accommodation (5); General Freight Trucking (5).
Is SBA lending in Calhoun County rising?
Approvals in the three latest complete fiscal years total 72, against 65 in the three before: rising (+11%).
How does Calhoun County compare with the rest of Michigan?
50.0 approvals per 1,000 establishments against 55.8 statewide, and 124 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