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County21st of 83 in Michigan by approvalsFIPS 26045
SBA loans in Eaton 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 95 loans to businesses in Eaton County, Michigan, in FY2021 to FY2025, worth $46.1M: 89 under 7(a) and 6 under 504.
That is 43.5 approvals per 1,000 business establishments (2,182 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 21st of 83 Michigan counties with approvals. In FY2025 there were 18, down 22% on FY2024.
26 lenders had approvals here; the most active were The Huntington National Bank (37), Northeast Bank (6) and Michigan Certified Development Corporation (5). The most common industry was general freight trucking.
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 Eaton County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 37 | $4.7M | 38.9% | |
| 2 | Northeast BankLewiston, ME | 6 | $1.1M | 6.3% | |
| 3 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 5 | $2.4M | 5.3% | |
| 4 | Eaton Community BankCharlotte, MI | 5 | $2.4M | 5.3% | |
| 5 | Fifth Third BankCincinnati, OH | 5 | $149K | 5.3% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 4 | $4.7M | 4.2% | |
| 7 | Buckeye State BankPowell, OH | 4 | $1.0M | 4.2% | |
| 8 | PNC Bank, National AssociationWilmington, DE | 4 | $943K | 4.2% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $892K | 3.2% | |
| 10 | Independent BankGrand Rapids, MI | 2 | — | 2.1% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 2.1% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.1% | |
| 13 | CIBC Bank USAChicago, IL | 2 | — | 2.1% | |
| 14 | Michigan State University Federal Credit UnionEast Lansing, MI | 2 | — | 2.1% | |
| 15 | Millennium BankDes Plaines, IL | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 19 | 20.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 11.6% | |
| 3 | Traveler AccommodationNAICS 7211 | 7 | 7.4% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 7.4% | |
| 5 | Residential Building ConstructionNAICS 2361 | 4 | 4.2% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 3.2% | |
| 7 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 3.2% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 3.2% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 3 | 3.2% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 20 | 21.1% | |
| 2 | Accommodation and Food Services | 18 | 18.9% | |
| 3 | Construction | 18 | 18.9% | |
| 4 | Retail Trade | 6 | 6.3% | |
| 5 | Other Services (except Public Administration) | 5 | 5.3% | |
| 6 | Health Care and Social Assistance | 5 | 5.3% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 5 | 5.3% | |
| 8 | Professional, Scientific, and Technical Services | 3 | 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 | $5.6M | $301K | 1 | — | 9 | 43 |
| FY2025 | 18 | $8.5M | $206K | 0 | — | 18 | 171 |
| FY2024 | 22 | $9.8M | $132K | 1 | — | 23 | 171 |
| FY2023 | 20 | $10.6M | $100K | 2 | — | 22 | 147 |
| FY2022 | 16 | $6.0M | $88K | 2 | — | 18 | 137 |
| FY2021 | 13 | $8.6M | $200K | 1 | — | 14 | 55 |
| FY2020 | 7 | $1.8M | $211K | 5 | $2.7M | 12 | 87 |
| FY2019 | 8 | $5.7M | $613K | 2 | — | 10 | 38 |
| FY2018 | 31 | $9.0M | $150K | 4 | $3.3M | 35 | 380 |
| FY2017 | 21 | $6.8M | $136K | 2 | — | 23 | 263 |
| FY2016 | 25 | $10.1M | $75K | 1 | — | 26 | 210 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 106 approvals.
Against Michigan and the country
| FY2021–FY2025 | Eaton County | Michigan | United States |
|---|---|---|---|
| Approvals | 95 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 43.5 | 55.8 | 41.0 |
| Median 7(a) approval | $139K | $125K | $190K |
| Median 504 approval | $270K | $540K | $657K |
| Average approval | $485K | $415K | $573K |
| 504 share of approvals | 6.3% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 7.2 | 9.4 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less25.3%24
- $50,001 to $150,00028.4%27
- $150,001 to $350,00023.2%22
- $350,001 to $1 million12.6%12
- $1 million to $2 million4.2%4
- Over $2 million6.3%6
Age of the businesses
- Existing, more than 2 years old64.2%61
- New business, 2 years or less17.9%17
- Startup, loan funds will open the business11.6%11
- Change of ownership6.3%6
Questions and answers
Which lenders make the most SBA loans in Eaton County?
By approvals in FY2021 to FY2025: The Huntington National Bank (37), Northeast Bank (6), Michigan Certified Development Corporation (5), Eaton Community Bank (5), Fifth Third Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Eaton County?
The median 7(a) approval was $139K and the median 504 approval $270K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Eaton County?
General Freight Trucking (19); Restaurants and Other Eating Places (11); Traveler Accommodation (7); Other Specialty Trade Contractors (7); Residential Building Construction (4).
Is SBA lending in Eaton County rising?
Approvals in the three latest complete fiscal years total 63, against 44 in the three before: rising (+43%).
How does Eaton County compare with the rest of Michigan?
43.5 approvals per 1,000 establishments against 55.8 statewide, and 95 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