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County41st of 83 in Michigan by approvalsFIPS 26027
SBA loans in Cass 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 Cass County, Michigan, received 37 SBA loan approvals worth $10.6M in FY2021 to FY2025 (33 7(a), 4 504).
That is 47.6 approvals per 1,000 business establishments (777 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 41st of 83 Michigan counties with approvals. In FY2025 there were 12.
13 lenders had approvals here; the most active were The Huntington National Bank (17), Business Development Corporation (BDC) (4) and Everwise Credit Union (2). 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 Cass County
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 17 | $2.0M | 45.9% | |
| 2 | Business Development Corporation (BDC)South Bend, IN · CDC | 4 | $1.4M | 10.8% | |
| 3 | Everwise Credit UnionSouth Bend, IN | 2 | — | 5.4% | |
| 4 | Horizon BankMichigan City, IN | 2 | — | 5.4% | |
| 5 | 1st Source BankSouth Bend, IN | 2 | — | 5.4% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 5.4% | |
| 7 | Fifth Third BankCincinnati, OH | 2 | — | 5.4% | |
| 8 | Merchants Bank of IndianaCarmel, IN | 1 | — | 2.7% | |
| 9 | Byline BankChicago, IL | 1 | — | 2.7% | |
| 10 | First Merchants BankIndianapolis, IN | 1 | — | 2.7% | |
| 11 | Lake City BankWarsaw, IN | 1 | — | 2.7% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.7% | |
| 13 | Honor CUBerrien Springs, MI | 1 | — | 2.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 13.5% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 4 | 10.8% | |
| 3 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 8.1% | |
| 4 | Lessors of Real EstateNAICS 5311 | 3 | 8.1% | |
| 5 | Gasoline StationsNAICS 4571 | 2 | 5.4% | |
| 6 | Other Motor Vehicle DealersNAICS 4412 | 2 | 5.4% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 5.4% | |
| 8 | Specialized Freight TruckingNAICS 4842 | 1 | 2.7% | |
| 9 | Promoters of Performing Arts, Sports, and Similar EventsNAICS 7113 | 1 | 2.7% | |
| 10 | Other Personal ServicesNAICS 8129 | 1 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 7 | 18.9% | |
| 2 | Retail Trade | 5 | 13.5% | |
| 3 | Professional, Scientific, and Technical Services | 5 | 13.5% | |
| 4 | Accommodation and Food Services | 5 | 13.5% | |
| 5 | Real Estate and Rental and Leasing | 3 | 8.1% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 8.1% | |
| 7 | Other Services (except Public Administration) | 3 | 8.1% | |
| 8 | Transportation and Warehousing | 2 | 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* | 7 | $1.4M | $261K | 1 | — | 8 | 19 |
| FY2025 | 12 | $2.5M | $88K | 0 | — | 12 | 43 |
| FY2024 | 7 | $2.5M | $150K | 1 | — | 8 | 43 |
| FY2023 | 5 | $2.0M | $319K | 2 | — | 7 | 60 |
| FY2022 | 8 | $2.0M | $180K | 0 | — | 8 | 46 |
| FY2021 | 1 | — | — | 1 | — | 2 | 6 |
| FY2020 | 5 | $407K | $63K | 0 | — | 5 | 7 |
| FY2019 | 7 | $1.4M | $73K | 0 | — | 7 | 32 |
| FY2018 | 4 | $2.2M | $218K | 0 | — | 4 | 4 |
| FY2017 | 12 | $1.6M | $60K | 0 | — | 12 | 25 |
| FY2016 | 17 | $8.1M | $105K | 1 | — | 18 | 140 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 46 approvals.
Against Michigan and the country
| FY2021–FY2025 | Cass County | Michigan | United States |
|---|---|---|---|
| Approvals | 37 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 47.6 | 55.8 | 41.0 |
| Median 7(a) approval | $150K | $125K | $190K |
| Median 504 approval | $332K | $540K | $657K |
| Average approval | $287K | $415K | $573K |
| 504 share of approvals | 10.8% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 5.4 | 9.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less21.6%8
- $50,001 to $150,00027.0%10
- $150,001 to $350,00024.3%9
- $350,001 to $1 million21.6%8
- $1 million to $2 million5.4%2
Age of the businesses
- Existing, more than 2 years old54.1%20
- New business, 2 years or less18.9%7
- Startup, loan funds will open the business21.6%8
- Change of ownership5.4%2
Questions and answers
Which lenders make the most SBA loans in Cass County?
By approvals in FY2021 to FY2025: The Huntington National Bank (17), Business Development Corporation (BDC) (4), Everwise Credit Union (2), Horizon Bank (2), 1st Source Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Cass County?
The median 7(a) approval was $150K and the median 504 approval $332K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Cass County?
Restaurants and Other Eating Places (5); Building Equipment Contractors (4); Other Professional, Scientific, and Technical Services (3); Lessors of Real Estate (3); Gasoline Stations (2).
Is SBA lending in Cass County rising?
Approvals in the three latest complete fiscal years total 27, against 15 in the three before: rising (+80%).
How does Cass County compare with the rest of Michigan?
47.6 approvals per 1,000 establishments against 55.8 statewide, and 37 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