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County17th of 83 in Michigan by approvalsFIPS 26075
SBA loans in Jackson 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 151 loans to businesses in Jackson County, Michigan, in FY2021 to FY2025, worth $70.0M: 145 under 7(a) and 6 under 504.
That is 50.5 approvals per 1,000 business establishments (2,991 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 17th of 83 Michigan counties with approvals. In FY2025 there were 41, up 71% on FY2024.
40 lenders had approvals here; the most active were The Huntington National Bank (67), Fifth Third Bank (8) and Bank Michigan (8). 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 Jackson County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 67 | $11.5M | 44.4% | |
| 2 | Fifth Third BankCincinnati, OH | 8 | $8.3M | 5.3% | |
| 3 | Bank MichiganBrooklyn, MI | 8 | $6.8M | 5.3% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 5 | $1.8M | 3.3% | |
| 5 | Chelsea State BankChelsea, MI | 5 | $942K | 3.3% | |
| 6 | Old National BankEvansville, IN | 4 | $9.6M | 2.6% | |
| 7 | ChoiceOne BankSparta, MI | 4 | $4.3M | 2.6% | |
| 8 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 4 | $3.1M | 2.6% | |
| 9 | County National BankHillsdale, MI | 4 | $1.5M | 2.6% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 3 | $450K | 2.0% | |
| 11 | Northeast BankLewiston, ME | 3 | $324K | 2.0% | |
| 12 | Banc of CaliforniaLos Angeles, CA | 2 | — | 1.3% | |
| 13 | Colony BankFitzgerald, GA | 2 | — | 1.3% | |
| 14 | True Community CUJackson, MI | 2 | — | 1.3% | |
| 15 | Citizens BankElizabethton, TN | 2 | — | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 11.3% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 11 | 7.3% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 10 | 6.6% | |
| 4 | General Freight TruckingNAICS 4841 | 9 | 6.0% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 7 | 4.6% | |
| 6 | Personal Care ServicesNAICS 8121 | 7 | 4.6% | |
| 7 | Metal and Mineral (except Petroleum) Merchant WholesalersNAICS 4235 | 4 | 2.6% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 2.6% | |
| 9 | Offices of PhysiciansNAICS 6211 | 3 | 2.0% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 26 | 17.2% | |
| 2 | Health Care and Social Assistance | 22 | 14.6% | |
| 3 | Accommodation and Food Services | 19 | 12.6% | |
| 4 | Other Services (except Public Administration) | 19 | 12.6% | |
| 5 | Retail Trade | 15 | 9.9% | |
| 6 | Manufacturing | 12 | 7.9% | |
| 7 | Transportation and Warehousing | 10 | 6.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 7 | 4.6% |
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* | 13 | $3.2M | $200K | 0 | — | 13 | 113 |
| FY2025 | 39 | $20.6M | $200K | 2 | — | 41 | 493 |
| FY2024 | 22 | $17.5M | $234K | 2 | — | 24 | 858 |
| FY2023 | 30 | $4.9M | $73K | 0 | — | 30 | 151 |
| FY2022 | 22 | $8.0M | $206K | 0 | — | 22 | 251 |
| FY2021 | 32 | $14.1M | $208K | 2 | — | 34 | 296 |
| FY2020 | 14 | $3.8M | $50K | 1 | — | 15 | 245 |
| FY2019 | 14 | $1.6M | $85K | 1 | — | 15 | 142 |
| FY2018 | 22 | $7.0M | $93K | 7 | $5.7M | 29 | 171 |
| FY2017 | 22 | $8.5M | $88K | 4 | $1.8M | 26 | 206 |
| FY2016 | 20 | $10.6M | $140K | 3 | $2.6M | 23 | 265 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 108 approvals.
Against Michigan and the country
| FY2021–FY2025 | Jackson County | Michigan | United States |
|---|---|---|---|
| Approvals | 151 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 50.5 | 55.8 | 41.0 |
| Median 7(a) approval | $150K | $125K | $190K |
| Median 504 approval | $669K | $540K | $657K |
| Average approval | $464K | $415K | $573K |
| 504 share of approvals | 4.0% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 13.6 | 9.4 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less25.2%38
- $50,001 to $150,00023.2%35
- $150,001 to $350,00023.2%35
- $350,001 to $1 million16.6%25
- $1 million to $2 million6.6%10
- Over $2 million5.3%8
Age of the businesses
- Existing, more than 2 years old58.3%88
- New business, 2 years or less15.9%24
- Startup, loan funds will open the business14.6%22
- Change of ownership11.3%17
Questions and answers
Which lenders make the most SBA loans in Jackson County?
By approvals in FY2021 to FY2025: The Huntington National Bank (67), Fifth Third Bank (8), Bank Michigan (8), Newtek Bank, National Association (5), Chelsea State Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Jackson County?
The median 7(a) approval was $150K and the median 504 approval $669K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Jackson County?
Restaurants and Other Eating Places (17); Offices of Other Health Practitioners (11); Other Specialty Trade Contractors (10); General Freight Trucking (9); Building Equipment Contractors (7).
Is SBA lending in Jackson County rising?
Approvals in the three latest complete fiscal years total 95, against 71 in the three before: rising (+34%).
How does Jackson County compare with the rest of Michigan?
50.5 approvals per 1,000 establishments against 55.8 statewide, and 151 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