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County10th of 83 in Michigan by approvalsFIPS 26077
SBA loans in Kalamazoo 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 255 loans to businesses in Kalamazoo County, Michigan, in FY2021 to FY2025, worth $120M: 228 under 7(a) and 27 under 504.
That is 44.7 approvals per 1,000 business establishments (5,704 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 10th of 83 Michigan counties with approvals. In FY2025 there were 44, down 8% on FY2024.
52 lenders had approvals here; the most active were The Huntington National Bank (74), 1st Source Bank (22) and Horizon Bank (16). 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 Kalamazoo 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 | 74 | $14.2M | 29.0% | |
| 2 | 1st Source BankSouth Bend, IN | 22 | $4.1M | 8.6% | |
| 3 | Horizon BankMichigan City, IN | 16 | $5.6M | 6.3% | |
| 4 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 13 | $13.9M | 5.1% | |
| 5 | Kellogg Community CUBattle Creek, MI | 12 | $1.9M | 4.7% | |
| 6 | First National Bank of MichiganKalamazoo, MI | 11 | $5.1M | 4.3% | |
| 7 | Great Lakes Commercial FinanceGrandville, MI · CDC | 11 | $4.8M | 4.3% | |
| 8 | Fifth Third BankCincinnati, OH | 9 | $3.2M | 3.5% | |
| 9 | Arbor Financial Credit UnionKalamazoo, MI | 6 | $1.8M | 2.4% | |
| 10 | Old National BankEvansville, IN | 5 | $12.1M | 2.0% | |
| 11 | Honor CUBerrien Springs, MI | 5 | $2.3M | 2.0% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 5 | $135K | 2.0% | |
| 13 | Live Oak Banking CompanyWilmington, NC | 4 | $8.6M | 1.6% | |
| 14 | Sturgis Bank & Trust CompanySturgis, MI | 4 | $6.4M | 1.6% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $764K | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 7.1% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 12 | 4.7% | |
| 3 | General Freight TruckingNAICS 4841 | 11 | 4.3% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 3.9% | |
| 5 | Personal Care ServicesNAICS 8121 | 10 | 3.9% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 9 | 3.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 3.5% | |
| 8 | Residential Building ConstructionNAICS 2361 | 8 | 3.1% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 7 | 2.7% | |
| 10 | Child Day Care ServicesNAICS 6244 | 7 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 32 | 12.5% | |
| 2 | Accommodation and Food Services | 30 | 11.8% | |
| 3 | Other Services (except Public Administration) | 29 | 11.4% | |
| 4 | Retail Trade | 27 | 10.6% | |
| 5 | Construction | 27 | 10.6% | |
| 6 | Health Care and Social Assistance | 21 | 8.2% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 19 | 7.5% | |
| 8 | Professional, Scientific, and Technical Services | 15 | 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* | 36 | $21.5M | $250K | 2 | — | 38 | 270 |
| FY2025 | 40 | $18.3M | $138K | 4 | $1.4M | 44 | 404 |
| FY2024 | 43 | $15.3M | $150K | 5 | $6.9M | 48 | 388 |
| FY2023 | 47 | $11.8M | $100K | 3 | $1.7M | 50 | 443 |
| FY2022 | 50 | $27.1M | $150K | 8 | $7.4M | 58 | 647 |
| FY2021 | 48 | $25.2M | $269K | 7 | $5.1M | 55 | 454 |
| FY2020 | 38 | $10.8M | $174K | 9 | $4.5M | 47 | 440 |
| FY2019 | 38 | $11.6M | $214K | 5 | $3.6M | 43 | 460 |
| FY2018 | 42 | $21.5M | $227K | 7 | $6.5M | 49 | 577 |
| FY2017 | 62 | $16.5M | $150K | 7 | $8.3M | 69 | 994 |
| FY2016 | 57 | $20.3M | $150K | 7 | $3.9M | 64 | 837 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 272 approvals.
Against Michigan and the country
| FY2021–FY2025 | Kalamazoo County | Michigan | United States |
|---|---|---|---|
| Approvals | 255 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 44.7 | 55.8 | 41.0 |
| Median 7(a) approval | $149K | $125K | $190K |
| Median 504 approval | $411K | $540K | $657K |
| Average approval | $471K | $415K | $573K |
| 504 share of approvals | 10.6% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 9.4 | 10.5 |
| Share of state approvals | 2.0% | 100.0% | — |
Approval sizes
- $50,000 or less23.1%59
- $50,001 to $150,00024.3%62
- $150,001 to $350,00019.6%50
- $350,001 to $1 million21.6%55
- $1 million to $2 million6.7%17
- Over $2 million4.7%12
Age of the businesses
- Existing, more than 2 years old52.9%135
- New business, 2 years or less14.5%37
- Startup, loan funds will open the business23.5%60
- Change of ownership9.0%23
Questions and answers
Which lenders make the most SBA loans in Kalamazoo County?
By approvals in FY2021 to FY2025: The Huntington National Bank (74), 1st Source Bank (22), Horizon Bank (16), Michigan Certified Development Corporation (13), Kellogg Community CU (12). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kalamazoo County?
The median 7(a) approval was $149K and the median 504 approval $411K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Kalamazoo County?
Restaurants and Other Eating Places (18); Services to Buildings and Dwellings (12); General Freight Trucking (11); Automotive Repair and Maintenance (10); Personal Care Services (10).
Is SBA lending in Kalamazoo County rising?
Approvals in the three latest complete fiscal years total 142, against 160 in the three before: falling (-11%).
How does Kalamazoo County compare with the rest of Michigan?
44.7 approvals per 1,000 establishments against 55.8 statewide, and 255 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