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County24th of 83 in Michigan by approvalsFIPS 26047
SBA loans in Emmet 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 Emmet County, Michigan, received 84 SBA loan approvals worth $36.1M in FY2021 to FY2025 (77 7(a), 7 504).
That is 53.3 approvals per 1,000 business establishments (1,577 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 24th of 83 Michigan counties with approvals. In FY2025 there were 22, up 10% on FY2024.
16 lenders had approvals here; the most active were The Huntington National Bank (45), Citizens National Bank of Cheboygan (8) and Great Lakes Commercial Finance (6). 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 Emmet County
By number of approvals to businesses in the county, FY2021–FY2025; 16 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 45 | $14.5M | 53.6% | |
| 2 | Citizens National Bank of CheboyganCheboygan, MI | 8 | $3.3M | 9.5% | |
| 3 | Great Lakes Commercial FinanceGrandville, MI · CDC | 6 | $8.1M | 7.1% | |
| 4 | PNC Bank, National AssociationWilmington, DE | 3 | $595K | 3.6% | |
| 5 | Northern Great Lakes InitiativesMarquette, MI | 3 | $586K | 3.6% | |
| 6 | 4Front Credit UnionTraverse City, MI | 3 | $440K | 3.6% | |
| 7 | Fifth Third BankCincinnati, OH | 2 | — | 2.4% | |
| 8 | Merchants Bank of IndianaCarmel, IN | 2 | — | 2.4% | |
| 9 | Honor BankHonor, MI | 2 | — | 2.4% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 2.4% | |
| 11 | Western State BankDevils Lake, ND | 2 | — | 2.4% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.4% | |
| 13 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 1 | — | 1.2% | |
| 14 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 1.2% | |
| 15 | Northeast BankLewiston, ME | 1 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 23.8% | |
| 2 | Residential Building ConstructionNAICS 2361 | 5 | 6.0% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 5 | 6.0% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 5 | 6.0% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 3 | 3.6% | |
| 6 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 3 | 3.6% | |
| 7 | Beverage ManufacturingNAICS 3121 | 3 | 3.6% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.6% | |
| 9 | Traveler AccommodationNAICS 7211 | 2 | 2.4% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 2 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 24 | 28.6% | |
| 2 | Construction | 18 | 21.4% | |
| 3 | Retail Trade | 12 | 14.3% | |
| 4 | Health Care and Social Assistance | 8 | 9.5% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 6.0% | |
| 6 | Manufacturing | 4 | 4.8% | |
| 7 | Other Services (except Public Administration) | 4 | 4.8% | |
| 8 | Educational Services | 2 | 2.4% |
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* | 10 | $4.4M | $91K | 0 | — | 10 | 122 |
| FY2025 | 20 | $5.5M | $148K | 2 | — | 22 | 191 |
| FY2024 | 18 | $6.3M | $63K | 2 | — | 20 | 123 |
| FY2023 | 17 | $7.5M | $128K | 1 | — | 18 | 139 |
| FY2022 | 8 | $1.1M | $95K | 0 | — | 8 | 69 |
| FY2021 | 14 | $6.1M | $302K | 2 | — | 16 | 150 |
| FY2020 | 8 | $2.3M | $55K | 1 | — | 9 | 120 |
| FY2019 | 9 | $1.3M | $126K | 0 | — | 9 | 40 |
| FY2018 | 15 | $1.8M | $70K | 0 | — | 15 | 37 |
| FY2017 | 6 | $859K | $50K | 1 | — | 7 | 29 |
| FY2016 | 13 | $2.1M | $140K | 4 | $790K | 17 | 126 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 57 approvals.
Against Michigan and the country
| FY2021–FY2025 | Emmet County | Michigan | United States |
|---|---|---|---|
| Approvals | 84 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 53.3 | 55.8 | 41.0 |
| Median 7(a) approval | $128K | $125K | $190K |
| Median 504 approval | $991K | $540K | $657K |
| Average approval | $430K | $415K | $573K |
| 504 share of approvals | 8.3% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 9.4 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less31.0%26
- $50,001 to $150,00023.8%20
- $150,001 to $350,00017.9%15
- $350,001 to $1 million16.7%14
- $1 million to $2 million6.0%5
- Over $2 million4.8%4
Age of the businesses
- Existing, more than 2 years old63.1%53
- New business, 2 years or less15.5%13
- Startup, loan funds will open the business9.5%8
- Change of ownership11.9%10
Questions and answers
Which lenders make the most SBA loans in Emmet County?
By approvals in FY2021 to FY2025: The Huntington National Bank (45), Citizens National Bank of Cheboygan (8), Great Lakes Commercial Finance (6), PNC Bank, National Association (3), Northern Great Lakes Initiatives (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Emmet County?
The median 7(a) approval was $128K and the median 504 approval $991K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Emmet County?
Restaurants and Other Eating Places (20); Residential Building Construction (5); Building Finishing Contractors (5); Offices of Other Health Practitioners (5); Building Equipment Contractors (3).
Is SBA lending in Emmet County rising?
Approvals in the three latest complete fiscal years total 60, against 33 in the three before: rising (+82%).
How does Emmet County compare with the rest of Michigan?
53.3 approvals per 1,000 establishments against 55.8 statewide, and 84 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