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County48th of 83 in Michigan by approvalsFIPS 26073
SBA loans in Isabella 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 32 loans to businesses in Isabella County, Michigan, in FY2021 to FY2025, worth $12.9M: 30 under 7(a) and 2 under 504.
That is 22.5 approvals per 1,000 business establishments (1,423 establishments in 2023), below the Michigan figure of 55.8 and below the national 41.0.
It ranks 48th of 83 Michigan counties with approvals. In FY2025 there were 8, down 20% on FY2024.
18 lenders had approvals here; the most active were The Huntington National Bank (10), Isabella Bank (2) and Live Oak Banking Company (2). 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 Isabella County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 10 | $1.4M | 31.3% | |
| 2 | Isabella BankMount Pleasant, MI | 2 | — | 6.3% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 2 | — | 6.3% | |
| 4 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 2 | — | 6.3% | |
| 5 | Horizon BankMichigan City, IN | 2 | — | 6.3% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 2 | — | 6.3% | |
| 7 | Fifth Third BankCincinnati, OH | 1 | — | 3.1% | |
| 8 | Byline BankChicago, IL | 1 | — | 3.1% | |
| 9 | Bank of America, National AssociationCharlotte, NC | 1 | — | 3.1% | |
| 10 | Mercantile BankGrand Rapids, MI | 1 | — | 3.1% | |
| 11 | Citizens BankElizabethton, TN | 1 | — | 3.1% | |
| 12 | 1st State BankSaginaw, MI | 1 | — | 3.1% | |
| 13 | KeyBank National AssociationCleveland, OH | 1 | — | 3.1% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 1 | — | 3.1% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 3.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 12.5% | |
| 2 | Offices of DentistsNAICS 6212 | 2 | 6.3% | |
| 3 | Other Wood Product ManufacturingNAICS 3219 | 2 | 6.3% | |
| 4 | Motor Vehicle Body and Trailer ManufacturingNAICS 3362 | 2 | 6.3% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 2 | 6.3% | |
| 6 | Sporting Goods, Hobby, and Musical Instrument StoresNAICS 4511 | 2 | 6.3% | |
| 7 | Personal Care ServicesNAICS 8121 | 2 | 6.3% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 6.3% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 2 | 6.3% | |
| 10 | Gasoline StationsNAICS 4571 | 1 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 6 | 18.8% | |
| 2 | Accommodation and Food Services | 5 | 15.6% | |
| 3 | Manufacturing | 4 | 12.5% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 3 | 9.4% | |
| 5 | Construction | 3 | 9.4% | |
| 6 | Health Care and Social Assistance | 2 | 6.3% | |
| 7 | Other Services (except Public Administration) | 2 | 6.3% | |
| 8 | Wholesale Trade | 2 | 6.3% |
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* | 2 | — | — | 0 | — | 2 | 10 |
| FY2025 | 7 | $1.3M | $150K | 1 | — | 8 | 76 |
| FY2024 | 10 | $5.3M | $117K | 0 | — | 10 | 41 |
| FY2023 | 3 | $1.4M | $558K | 0 | — | 3 | 37 |
| FY2022 | 4 | $899K | $200K | 1 | — | 5 | 65 |
| FY2021 | 6 | $3.4M | $500K | 0 | — | 6 | 166 |
| FY2020 | 3 | $1.0M | $225K | 1 | — | 4 | 30 |
| FY2019 | 1 | — | — | 1 | — | 2 | 7 |
| FY2018 | 6 | $6.5M | $650K | 0 | — | 6 | 31 |
| FY2017 | 3 | $3.2M | $877K | 0 | — | 3 | 63 |
| FY2016 | 5 | $627K | $130K | 0 | — | 5 | 45 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 20 approvals.
Against Michigan and the country
| FY2021–FY2025 | Isabella County | Michigan | United States |
|---|---|---|---|
| Approvals | 32 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 22.5 | 55.8 | 41.0 |
| Median 7(a) approval | $163K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $403K | $415K | $573K |
| 504 share of approvals | 6.3% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 12.0 | 9.4 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less21.9%7
- $50,001 to $150,00025.0%8
- $150,001 to $350,00018.8%6
- $350,001 to $1 million25.0%8
- $1 million to $2 million6.3%2
- Over $2 million3.1%1
Age of the businesses
- Existing, more than 2 years old56.3%18
- New business, 2 years or less9.4%3
- Startup, loan funds will open the business25.0%8
- Change of ownership9.4%3
Questions and answers
Which lenders make the most SBA loans in Isabella County?
By approvals in FY2021 to FY2025: The Huntington National Bank (10), Isabella Bank (2), Live Oak Banking Company (2), Michigan Certified Development Corporation (2), Horizon Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Isabella County?
The median 7(a) approval was $163K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Isabella County?
Restaurants and Other Eating Places (4); Offices of Dentists (2); Other Wood Product Manufacturing (2); Motor Vehicle Body and Trailer Manufacturing (2); Building Finishing Contractors (2).
Is SBA lending in Isabella County rising?
Approvals in the three latest complete fiscal years total 21, against 15 in the three before: rising (+40%).
How does Isabella County compare with the rest of Michigan?
22.5 approvals per 1,000 establishments against 55.8 statewide, and 32 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