States › Michigan › Chippewa County
County36th of 83 in Michigan by approvalsFIPS 26033
SBA loans in Chippewa 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 47 loans to businesses in Chippewa County, Michigan, in FY2021 to FY2025, worth $21.4M: 45 under 7(a) and 2 under 504.
That is 60.4 approvals per 1,000 business establishments (778 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 36th of 83 Michigan counties with approvals. In FY2025 there were 4.
10 lenders had approvals here; the most active were 4Front Credit Union (24), The Huntington National Bank (9) and Central Savings Bank (4). The most common industry was cement and concrete product manufacturing.
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 Chippewa County
By number of approvals to businesses in the county, FY2021–FY2025; 10 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | 4Front Credit UnionTraverse City, MI | 24 | $7.6M | 51.1% | |
| 2 | The Huntington National BankColumbus, OH | 9 | $522K | 19.1% | |
| 3 | Central Savings BankSault Sainte Marie, MI | 4 | $3.7M | 8.5% | |
| 4 | Shoreham BankWarwick, RI | 2 | — | 4.3% | |
| 5 | Nicolet National BankGreen Bay, WI | 2 | — | 4.3% | |
| 6 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 2 | — | 4.3% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.1% | |
| 8 | Merchants Bank of IndianaCarmel, IN | 1 | — | 2.1% | |
| 9 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.1% | |
| 10 | Michigan Certified Development CorporationEast Lansing, MI | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Cement and Concrete Product ManufacturingNAICS 3273 | 4 | 8.5% | |
| 2 | Traveler AccommodationNAICS 7211 | 3 | 6.4% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.4% | |
| 4 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 3 | 6.4% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 6.4% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 3 | 6.4% | |
| 7 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 2 | 4.3% | |
| 8 | Death Care ServicesNAICS 8122 | 2 | 4.3% | |
| 9 | Grocery StoresNAICS 4451 | 2 | 4.3% | |
| 10 | Nonmetallic Mineral Mining and QuarryingNAICS 2123 | 2 | 4.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 13 | 27.7% | |
| 2 | Manufacturing | 8 | 17.0% | |
| 3 | Accommodation and Food Services | 6 | 12.8% | |
| 4 | Other Services (except Public Administration) | 5 | 10.6% | |
| 5 | Construction | 3 | 6.4% | |
| 6 | Professional, Scientific, and Technical Services | 3 | 6.4% | |
| 7 | Health Care and Social Assistance | 3 | 6.4% | |
| 8 | Wholesale Trade | 2 | 4.3% |
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* | 1 | — | — | 0 | — | 1 | 2 |
| FY2025 | 4 | $1.3M | $173K | 0 | — | 4 | 18 |
| FY2024 | 5 | $2.0M | $55K | 2 | — | 7 | 34 |
| FY2023 | 9 | $5.4M | $150K | 0 | — | 9 | 102 |
| FY2022 | 7 | $2.5M | $317K | 0 | — | 7 | 76 |
| FY2021 | 20 | $9.7M | $247K | 0 | — | 20 | 243 |
| FY2020 | 10 | $2.9M | $80K | 0 | — | 10 | 45 |
| FY2019 | 7 | $1.2M | $135K | 1 | — | 8 | 21 |
| FY2018 | 7 | $1.1M | $60K | 1 | — | 8 | 26 |
| FY2017 | 14 | $1.2M | $67K | 1 | — | 15 | 79 |
| FY2016 | 17 | $1.7M | $82K | 2 | — | 19 | 106 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 60 approvals.
Against Michigan and the country
| FY2021–FY2025 | Chippewa County | Michigan | United States |
|---|---|---|---|
| Approvals | 47 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 60.4 | 55.8 | 41.0 |
| Median 7(a) approval | $200K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $455K | $415K | $573K |
| 504 share of approvals | 4.3% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 10.1 | 9.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less23.4%11
- $50,001 to $150,00025.5%12
- $150,001 to $350,00021.3%10
- $350,001 to $1 million14.9%7
- $1 million to $2 million12.8%6
- Over $2 million2.1%1
Age of the businesses
- Existing, more than 2 years old42.6%20
- New business, 2 years or less21.3%10
- Startup, loan funds will open the business10.6%5
- Change of ownership25.5%12
Questions and answers
Which lenders make the most SBA loans in Chippewa County?
By approvals in FY2021 to FY2025: 4Front Credit Union (24), The Huntington National Bank (9), Central Savings Bank (4), Shoreham Bank (2), Nicolet National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Chippewa County?
The median 7(a) approval was $200K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Chippewa County?
Cement and Concrete Product Manufacturing (4); Traveler Accommodation (3); Restaurants and Other Eating Places (3); Other Fabricated Metal Product Manufacturing (3); Other Professional, Scientific, and Technical Services (3).
Is SBA lending in Chippewa County rising?
Approvals in the three latest complete fiscal years total 20, against 37 in the three before: falling (-46%).
How does Chippewa County compare with the rest of Michigan?
60.4 approvals per 1,000 establishments against 55.8 statewide, and 47 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