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County26th of 83 in Michigan by approvalsFIPS 26087
SBA loans in Lapeer 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 79 loans to businesses in Lapeer County, Michigan, in FY2021 to FY2025, worth $26.9M: 72 under 7(a) and 7 under 504.
That is 44.6 approvals per 1,000 business establishments (1,771 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 26th of 83 Michigan counties with approvals. In FY2025 there were 13, down 28% on FY2024.
21 lenders had approvals here; the most active were The Huntington National Bank (34), Michigan Certified Development Corporation (7) and BayFirst National Bank (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 Lapeer County
By number of approvals to businesses in the county, FY2021–FY2025; 21 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 34 | $3.6M | 43.0% | |
| 2 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 7 | $3.5M | 8.9% | |
| 3 | BayFirst National BankSaint Petersburg, FL | 6 | $934K | 7.6% | |
| 4 | ChoiceOne BankSparta, MI | 5 | $5.3M | 6.3% | |
| 5 | Oxford BankOxford, MI | 4 | $509K | 5.1% | |
| 6 | Old National BankEvansville, IN | 3 | $2.2M | 3.8% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 3 | $350K | 3.8% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.5% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.5% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.5% | |
| 11 | First Western SBLC, LLCDallas, TX | 1 | — | 1.3% | |
| 12 | Lake Michigan CUGrand Rapids, MI | 1 | — | 1.3% | |
| 13 | Grasshopper Bank National AssociationNew York, NY | 1 | — | 1.3% | |
| 14 | Banc of CaliforniaLos Angeles, CA | 1 | — | 1.3% | |
| 15 | Fifth Third BankCincinnati, OH | 1 | — | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 19.0% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 7.6% | |
| 3 | Legal ServicesNAICS 5411 | 6 | 7.6% | |
| 4 | General Freight TruckingNAICS 4841 | 6 | 7.6% | |
| 5 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 4 | 5.1% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 5.1% | |
| 7 | Other Miscellaneous RetailersNAICS 4599 | 3 | 3.8% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.8% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 3.8% | |
| 10 | Traveler AccommodationNAICS 7211 | 2 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 17 | 21.5% | |
| 2 | Professional, Scientific, and Technical Services | 13 | 16.5% | |
| 3 | Construction | 10 | 12.7% | |
| 4 | Other Services (except Public Administration) | 8 | 10.1% | |
| 5 | Retail Trade | 7 | 8.9% | |
| 6 | Manufacturing | 7 | 8.9% | |
| 7 | Transportation and Warehousing | 6 | 7.6% | |
| 8 | Arts, Entertainment, and Recreation | 3 | 3.8% |
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* | 14 | $4.3M | $165K | 0 | — | 14 | 98 |
| FY2025 | 12 | $3.3M | $123K | 1 | — | 13 | 73 |
| FY2024 | 17 | $4.2M | $100K | 1 | — | 18 | 140 |
| FY2023 | 22 | $6.3M | $123K | 1 | — | 23 | 177 |
| FY2022 | 13 | $5.2M | $250K | 2 | — | 15 | 104 |
| FY2021 | 8 | $4.4M | $188K | 2 | — | 10 | 86 |
| FY2020 | 8 | $2.8M | $175K | 3 | $1.2M | 11 | 145 |
| FY2019 | 13 | $5.9M | $234K | 1 | — | 14 | 141 |
| FY2018 | 10 | $2.7M | $130K | 0 | — | 10 | 50 |
| FY2017 | 16 | $2.6M | $100K | 4 | $1.7M | 20 | 291 |
| FY2016 | 12 | $1.1M | $63K | 3 | $640K | 15 | 229 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 70 approvals.
Against Michigan and the country
| FY2021–FY2025 | Lapeer County | Michigan | United States |
|---|---|---|---|
| Approvals | 79 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 44.6 | 55.8 | 41.0 |
| Median 7(a) approval | $145K | $125K | $190K |
| Median 504 approval | $621K | $540K | $657K |
| Average approval | $340K | $415K | $573K |
| 504 share of approvals | 8.9% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 7.3 | 9.4 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less24.1%19
- $50,001 to $150,00032.9%26
- $150,001 to $350,00025.3%20
- $350,001 to $1 million8.9%7
- $1 million to $2 million5.1%4
- Over $2 million3.8%3
Age of the businesses
- Existing, more than 2 years old64.6%51
- New business, 2 years or less10.1%8
- Startup, loan funds will open the business19.0%15
- Change of ownership6.3%5
Questions and answers
Which lenders make the most SBA loans in Lapeer County?
By approvals in FY2021 to FY2025: The Huntington National Bank (34), Michigan Certified Development Corporation (7), BayFirst National Bank (6), ChoiceOne Bank (5), Oxford Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lapeer County?
The median 7(a) approval was $145K and the median 504 approval $621K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Lapeer County?
Restaurants and Other Eating Places (15); Automotive Repair and Maintenance (6); Legal Services (6); General Freight Trucking (6); Management, Scientific, and Technical Consulting Services (4).
Is SBA lending in Lapeer County rising?
Approvals in the three latest complete fiscal years total 54, against 36 in the three before: rising (+50%).
How does Lapeer County compare with the rest of Michigan?
44.6 approvals per 1,000 establishments against 55.8 statewide, and 79 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