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County46th of 83 in Michigan by approvalsFIPS 26039
SBA loans in Crawford 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 Crawford County, Michigan, received 34 SBA loan approvals worth $9.4M in FY2021 to FY2025 (33 7(a), 1 504).
That is 106.3 approvals per 1,000 business establishments (320 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 46th of 83 Michigan counties with approvals. In FY2025 there were 5.
9 lenders had approvals here; the most active were The Huntington National Bank (23), Citizens National Bank of Cheboygan (2) and Old National Bank (2). The most common industry was services to buildings and dwellings.
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 Crawford County
By number of approvals to businesses in the county, FY2021–FY2025; 9 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 23 | $1.6M | 67.6% | |
| 2 | Citizens National Bank of CheboyganCheboygan, MI | 2 | — | 5.9% | |
| 3 | Old National BankEvansville, IN | 2 | — | 5.9% | |
| 4 | Horizon BankMichigan City, IN | 2 | — | 5.9% | |
| 5 | First Western SBLC, LLCDallas, TX | 1 | — | 2.9% | |
| 6 | Great Lakes Commercial FinanceGrandville, MI · CDC | 1 | — | 2.9% | |
| 7 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 2.9% | |
| 8 | Northeast BankLewiston, ME | 1 | — | 2.9% | |
| 9 | PNC Bank, National AssociationWilmington, DE | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 3 | 8.8% | |
| 2 | Special Food ServicesNAICS 7223 | 3 | 8.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 8.8% | |
| 4 | Traveler AccommodationNAICS 7211 | 2 | 5.9% | |
| 5 | Death Care ServicesNAICS 8122 | 2 | 5.9% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 5.9% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 5.9% | |
| 8 | Radio and Television Broadcasting StationsNAICS 5161 | 2 | 5.9% | |
| 9 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 5.9% | |
| 10 | Health and Personal Care RetailersNAICS 4561 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 8 | 23.5% | |
| 2 | Manufacturing | 4 | 11.8% | |
| 3 | Other Services (except Public Administration) | 3 | 8.8% | |
| 4 | Retail Trade | 3 | 8.8% | |
| 5 | Information | 3 | 8.8% | |
| 6 | Construction | 3 | 8.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 3 | 8.8% | |
| 8 | Arts, Entertainment, and Recreation | 2 | 5.9% |
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 | — | — | 1 | — | 2 | 0 |
| FY2025 | 5 | $1.4M | $75K | 0 | — | 5 | 30 |
| FY2024 | 7 | $384K | $30K | 0 | — | 7 | 48 |
| FY2023 | 5 | $251K | $36K | 0 | — | 5 | 19 |
| FY2022 | 7 | $1.5M | $80K | 0 | — | 7 | 38 |
| FY2021 | 9 | $5.4M | $50K | 1 | — | 10 | 90 |
| FY2020 | 3 | $3.2M | $184K | 0 | — | 3 | 25 |
| FY2019 | 1 | — | — | 0 | — | 1 | 0 |
| FY2018 | 1 | — | — | 0 | — | 1 | 14 |
| FY2017 | 4 | $293K | $29K | 0 | — | 4 | 9 |
| FY2016 | 4 | $754K | $184K | 0 | — | 4 | 91 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 13 approvals.
Against Michigan and the country
| FY2021–FY2025 | Crawford County | Michigan | United States |
|---|---|---|---|
| Approvals | 34 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 106.3 | 55.8 | 41.0 |
| Median 7(a) approval | $50K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $277K | $415K | $573K |
| 504 share of approvals | 2.9% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 6.6 | 9.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less52.9%18
- $50,001 to $150,00026.5%9
- $150,001 to $350,0002.9%1
- $350,001 to $1 million11.8%4
- $1 million to $2 million2.9%1
- Over $2 million2.9%1
Age of the businesses
- Existing, more than 2 years old76.5%26
- New business, 2 years or less8.8%3
- Startup, loan funds will open the business8.8%3
- Change of ownership5.9%2
Questions and answers
Which lenders make the most SBA loans in Crawford County?
By approvals in FY2021 to FY2025: The Huntington National Bank (23), Citizens National Bank of Cheboygan (2), Old National Bank (2), Horizon Bank (2), First Western SBLC, LLC (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Crawford County?
The median 7(a) approval was $50K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Crawford County?
Services to Buildings and Dwellings (3); Special Food Services (3); Restaurants and Other Eating Places (3); Traveler Accommodation (2); Death Care Services (2).
Is SBA lending in Crawford County rising?
Approvals in the three latest complete fiscal years total 17, against 20 in the three before: falling (-15%).
How does Crawford County compare with the rest of Michigan?
106.3 approvals per 1,000 establishments against 55.8 statewide, and 34 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