States › Michigan › Lenawee County
County28th of 83 in Michigan by approvalsFIPS 26091
SBA loans in Lenawee 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 73 loans to businesses in Lenawee County, Michigan, in FY2021 to FY2025, worth $24.4M: 69 under 7(a) and 4 under 504.
That is 40.4 approvals per 1,000 business establishments (1,808 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 28th of 83 Michigan counties with approvals. In FY2025 there were 14, about level with FY2024.
23 lenders had approvals here; the most active were The Huntington National Bank (41), First Internet Bank of Indiana (3) and Michigan Certified Development Corporation (3). The most common industry was residential building construction.
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 Lenawee County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 41 | $2.2M | 56.2% | |
| 2 | First Internet Bank of IndianaFishers, IN | 3 | $2.3M | 4.1% | |
| 3 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 3 | $1.1M | 4.1% | |
| 4 | Old National BankEvansville, IN | 2 | — | 2.7% | |
| 5 | University BankAnn Arbor, MI | 2 | — | 2.7% | |
| 6 | WesBanco Bank, Inc.Wheeling, WV | 2 | — | 2.7% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 2.7% | |
| 8 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 2.7% | |
| 9 | KeyBank National AssociationCleveland, OH | 2 | — | 2.7% | |
| 10 | Northwest BankWarren, PA | 1 | — | 1.4% | |
| 11 | Bank MichiganBrooklyn, MI | 1 | — | 1.4% | |
| 12 | Great Lakes Commercial FinanceGrandville, MI · CDC | 1 | — | 1.4% | |
| 13 | Byline BankChicago, IL | 1 | — | 1.4% | |
| 14 | Chelsea State BankChelsea, MI | 1 | — | 1.4% | |
| 15 | Leader Bank, National AssociationArlington, MA | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 10 | 13.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 8.2% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 3 | 4.1% | |
| 4 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 3 | 4.1% | |
| 5 | Personal Care ServicesNAICS 8121 | 3 | 4.1% | |
| 6 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 4.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.1% | |
| 8 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 3 | 4.1% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 3 | 4.1% | |
| 10 | Bakeries and Tortilla ManufacturingNAICS 3118 | 2 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 24.7% | |
| 2 | Retail Trade | 12 | 16.4% | |
| 3 | Accommodation and Food Services | 8 | 11.0% | |
| 4 | Manufacturing | 7 | 9.6% | |
| 5 | Other Services (except Public Administration) | 6 | 8.2% | |
| 6 | Professional, Scientific, and Technical Services | 5 | 6.8% | |
| 7 | Transportation and Warehousing | 3 | 4.1% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 3 | 4.1% |
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* | 5 | $863K | $122K | 0 | — | 5 | 13 |
| FY2025 | 14 | $13.7M | $244K | 0 | — | 14 | 174 |
| FY2024 | 13 | $1.5M | $50K | 2 | — | 15 | 74 |
| FY2023 | 11 | $1.0M | $39K | 0 | — | 11 | 18 |
| FY2022 | 17 | $2.5M | $50K | 0 | — | 17 | 75 |
| FY2021 | 14 | $3.3M | $87K | 2 | — | 16 | 90 |
| FY2020 | 18 | $4.6M | $50K | 3 | $2.0M | 21 | 51 |
| FY2019 | 12 | $1.1M | $50K | 1 | — | 13 | 39 |
| FY2018 | 13 | $7.5M | $101K | 0 | — | 13 | 74 |
| FY2017 | 13 | $6.3M | $50K | 2 | — | 15 | 207 |
| FY2016 | 23 | $13.8M | $263K | 0 | — | 23 | 604 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 85 approvals.
Against Michigan and the country
| FY2021–FY2025 | Lenawee County | Michigan | United States |
|---|---|---|---|
| Approvals | 73 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 40.4 | 55.8 | 41.0 |
| Median 7(a) approval | $50K | $125K | $190K |
| Median 504 approval | $433K | $540K | $657K |
| Average approval | $334K | $415K | $573K |
| 504 share of approvals | 5.5% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 5.9 | 9.4 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less47.9%35
- $50,001 to $150,00017.8%13
- $150,001 to $350,00015.1%11
- $350,001 to $1 million12.3%9
- $1 million to $2 million4.1%3
- Over $2 million2.7%2
Age of the businesses
- Existing, more than 2 years old47.9%35
- New business, 2 years or less26.0%19
- Startup, loan funds will open the business21.9%16
- Change of ownership4.1%3
Questions and answers
Which lenders make the most SBA loans in Lenawee County?
By approvals in FY2021 to FY2025: The Huntington National Bank (41), First Internet Bank of Indiana (3), Michigan Certified Development Corporation (3), Old National Bank (2), University Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lenawee County?
The median 7(a) approval was $50K and the median 504 approval $433K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Lenawee County?
Residential Building Construction (10); Restaurants and Other Eating Places (6); Building Equipment Contractors (3); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (3); Personal Care Services (3).
Is SBA lending in Lenawee County rising?
Approvals in the three latest complete fiscal years total 40, against 54 in the three before: falling (-26%).
How does Lenawee County compare with the rest of Michigan?
40.4 approvals per 1,000 establishments against 55.8 statewide, and 73 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