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County31st of 83 in Michigan by approvalsFIPS 26029
SBA loans in Charlevoix 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 59 loans to businesses in Charlevoix County, Michigan, in FY2021 to FY2025, worth $16.8M: 56 under 7(a) and 3 under 504.
That is 66.2 approvals per 1,000 business establishments (891 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 31st of 83 Michigan counties with approvals. In FY2025 there were 8, down 47% on FY2024.
14 lenders had approvals here; the most active were The Huntington National Bank (34), Charlevoix State Bank (5) and 4Front Credit Union (4). The most common industry was other specialty trade contractors.
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 Charlevoix County
By number of approvals to businesses in the county, FY2021–FY2025; 14 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 34 | $4.4M | 57.6% | |
| 2 | Charlevoix State BankCharlevoix, MI | 5 | $798K | 8.5% | |
| 3 | 4Front Credit UnionTraverse City, MI | 4 | $1.0M | 6.8% | |
| 4 | CASE CULansing, MI | 3 | $1.4M | 5.1% | |
| 5 | Great Lakes Commercial FinanceGrandville, MI · CDC | 2 | — | 3.4% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 2 | — | 3.4% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.4% | |
| 8 | LAF CULansing, MI | 1 | — | 1.7% | |
| 9 | Nicolet National BankGreen Bay, WI | 1 | — | 1.7% | |
| 10 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 1 | — | 1.7% | |
| 11 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.7% | |
| 12 | Horizon BankMichigan City, IN | 1 | — | 1.7% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.7% | |
| 14 | Citizens National Bank of CheboyganCheboygan, MI | 1 | — | 1.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 13.6% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 8.5% | |
| 3 | Specialty Food StoresNAICS 4452 | 5 | 8.5% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 6.8% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 3 | 5.1% | |
| 6 | Residential Building ConstructionNAICS 2361 | 3 | 5.1% | |
| 7 | Traveler AccommodationNAICS 7211 | 2 | 3.4% | |
| 8 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 2 | 3.4% | |
| 9 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 2 | 3.4% | |
| 10 | Converted Paper Product ManufacturingNAICS 3222 | 2 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 13 | 22.0% | |
| 2 | Accommodation and Food Services | 9 | 15.3% | |
| 3 | Retail Trade | 7 | 11.9% | |
| 4 | Arts, Entertainment, and Recreation | 5 | 8.5% | |
| 5 | Manufacturing | 5 | 8.5% | |
| 6 | Other Services (except Public Administration) | 4 | 6.8% | |
| 7 | Professional, Scientific, and Technical Services | 4 | 6.8% | |
| 8 | Wholesale Trade | 4 | 6.8% |
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* | 4 | $2.4M | $45K | 0 | — | 4 | 32 |
| FY2025 | 7 | $893K | $50K | 1 | — | 8 | 43 |
| FY2024 | 14 | $5.3M | $100K | 1 | — | 15 | 153 |
| FY2023 | 13 | $2.8M | $150K | 0 | — | 13 | 147 |
| FY2022 | 12 | $1.2M | $55K | 1 | — | 13 | 52 |
| FY2021 | 10 | $5.4M | $323K | 0 | — | 10 | 99 |
| FY2020 | 3 | $791K | $50K | 2 | — | 5 | 5 |
| FY2019 | 3 | $120K | $10K | 0 | — | 3 | 4 |
| FY2018 | 10 | $1.6M | $46K | 1 | — | 11 | 123 |
| FY2017 | 13 | $3.2M | $30K | 0 | — | 13 | 54 |
| FY2016 | 12 | $1.3M | $25K | 1 | — | 13 | 86 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 45 approvals.
Against Michigan and the country
| FY2021–FY2025 | Charlevoix County | Michigan | United States |
|---|---|---|---|
| Approvals | 59 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 66.2 | 55.8 | 41.0 |
| Median 7(a) approval | $95K | $125K | $190K |
| Median 504 approval | $356K | $540K | $657K |
| Average approval | $285K | $415K | $573K |
| 504 share of approvals | 5.1% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 9.4 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less40.7%24
- $50,001 to $150,00018.6%11
- $150,001 to $350,00022.0%13
- $350,001 to $1 million13.6%8
- $1 million to $2 million1.7%1
- Over $2 million3.4%2
Age of the businesses
- Existing, more than 2 years old59.3%35
- New business, 2 years or less6.8%4
- Startup, loan funds will open the business20.3%12
- Change of ownership13.6%8
Questions and answers
Which lenders make the most SBA loans in Charlevoix County?
By approvals in FY2021 to FY2025: The Huntington National Bank (34), Charlevoix State Bank (5), 4Front Credit Union (4), CASE CU (3), Great Lakes Commercial Finance (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Charlevoix County?
The median 7(a) approval was $95K and the median 504 approval $356K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Charlevoix County?
Other Specialty Trade Contractors (8); Other Amusement and Recreation Industries (5); Specialty Food Stores (5); Restaurants and Other Eating Places (4); Offices of Other Health Practitioners (3).
Is SBA lending in Charlevoix County rising?
Approvals in the three latest complete fiscal years total 36, against 28 in the three before: rising (+29%).
How does Charlevoix County compare with the rest of Michigan?
66.2 approvals per 1,000 establishments against 55.8 statewide, and 59 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