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County8th of 83 in Michigan by approvalsFIPS 26065
SBA loans in Ingham 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 Ingham County, Michigan, received 323 SBA loan approvals worth $143M in FY2021 to FY2025 (292 7(a), 31 504).
That is 52.4 approvals per 1,000 business establishments (6,160 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 8th of 83 Michigan counties with approvals. In FY2025 there were 77, about level with FY2024.
52 lenders had approvals here; the most active were The Huntington National Bank (134), Michigan Certified Development Corporation (25) and CASE CU (14). 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 Ingham County
By number of approvals to businesses in the county, FY2021–FY2025; 52 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 134 | $29.9M | 41.5% | |
| 2 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 25 | $19.1M | 7.7% | |
| 3 | CASE CULansing, MI | 14 | $5.5M | 4.3% | |
| 4 | The Dart BankMason, MI | 11 | $6.1M | 3.4% | |
| 5 | Capitol National BankLansing, MI | 10 | $9.4M | 3.1% | |
| 6 | ChoiceOne BankSparta, MI | 10 | $3.2M | 3.1% | |
| 7 | Horizon BankMichigan City, IN | 8 | $2.6M | 2.5% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 7 | $9.7M | 2.2% | |
| 9 | Michigan State University Federal Credit UnionEast Lansing, MI | 7 | $2.0M | 2.2% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 7 | $848K | 2.2% | |
| 11 | Lake Trust CUBrighton, MI | 6 | $2.5M | 1.9% | |
| 12 | Fifth Third BankCincinnati, OH | 6 | $1.8M | 1.9% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 6 | $1.3M | 1.9% | |
| 14 | Newtek Bank, National AssociationMiami, FL | 5 | $1.1M | 1.5% | |
| 15 | Great Lakes Commercial FinanceGrandville, MI · CDC | 5 | $1.1M | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 36 | 11.1% | |
| 2 | General Freight TruckingNAICS 4841 | 32 | 9.9% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 4.3% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 3.4% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 11 | 3.4% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 11 | 3.4% | |
| 7 | Other Personal ServicesNAICS 8129 | 9 | 2.8% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 7 | 2.2% | |
| 9 | Home Health Care ServicesNAICS 6216 | 6 | 1.9% | |
| 10 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 6 | 1.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 44 | 13.6% | |
| 2 | Retail Trade | 41 | 12.7% | |
| 3 | Transportation and Warehousing | 37 | 11.5% | |
| 4 | Health Care and Social Assistance | 33 | 10.2% | |
| 5 | Other Services (except Public Administration) | 31 | 9.6% | |
| 6 | Construction | 30 | 9.3% | |
| 7 | Professional, Scientific, and Technical Services | 26 | 8.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 19 | 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* | 18 | $10.4M | $225K | 3 | $2.8M | 21 | 160 |
| FY2025 | 69 | $29.0M | $155K | 8 | $6.3M | 77 | 539 |
| FY2024 | 77 | $24.9M | $175K | 2 | — | 79 | 781 |
| FY2023 | 53 | $17.7M | $150K | 6 | $2.2M | 59 | 395 |
| FY2022 | 39 | $16.9M | $125K | 10 | $8.8M | 49 | 543 |
| FY2021 | 54 | $34.5M | $100K | 5 | $2.0M | 59 | 432 |
| FY2020 | 37 | $13.7M | $115K | 2 | — | 39 | 311 |
| FY2019 | 62 | $18.9M | $128K | 8 | $4.9M | 70 | 951 |
| FY2018 | 58 | $12.3M | $50K | 2 | — | 60 | 378 |
| FY2017 | 56 | $16.1M | $114K | 7 | $3.4M | 63 | 811 |
| FY2016 | 58 | $12.6M | $117K | 4 | $1.7M | 62 | 645 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 294 approvals.
Against Michigan and the country
| FY2021–FY2025 | Ingham County | Michigan | United States |
|---|---|---|---|
| Approvals | 323 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 52.4 | 55.8 | 41.0 |
| Median 7(a) approval | $150K | $125K | $190K |
| Median 504 approval | $295K | $540K | $657K |
| Average approval | $444K | $415K | $573K |
| 504 share of approvals | 9.6% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.3 | 9.4 | 10.5 |
| Share of state approvals | 2.5% | 100.0% | — |
Approval sizes
- $50,000 or less25.7%83
- $50,001 to $150,00022.6%73
- $150,001 to $350,00021.1%68
- $350,001 to $1 million19.5%63
- $1 million to $2 million7.7%25
- Over $2 million3.4%11
Age of the businesses
- Existing, more than 2 years old62.5%202
- New business, 2 years or less9.6%31
- Startup, loan funds will open the business17.6%57
- Change of ownership10.2%33
Questions and answers
Which lenders make the most SBA loans in Ingham County?
By approvals in FY2021 to FY2025: The Huntington National Bank (134), Michigan Certified Development Corporation (25), CASE CU (14), The Dart Bank (11), Capitol National Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Ingham County?
The median 7(a) approval was $150K and the median 504 approval $295K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Ingham County?
Restaurants and Other Eating Places (36); General Freight Trucking (32); Automotive Repair and Maintenance (14); Other Amusement and Recreation Industries (11); Offices of Other Health Practitioners (11).
Is SBA lending in Ingham County rising?
Approvals in the three latest complete fiscal years total 215, against 147 in the three before: rising (+46%).
How does Ingham County compare with the rest of Michigan?
52.4 approvals per 1,000 establishments against 55.8 statewide, and 323 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