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County9th of 83 in Michigan by approvalsFIPS 26093
SBA loans in Livingston 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 273 loans to businesses in Livingston County, Michigan, in FY2021 to FY2025, worth $136M: 248 under 7(a) and 25 under 504.
That is 60.7 approvals per 1,000 business establishments (4,495 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 9th of 83 Michigan counties with approvals. In FY2025 there were 52, down 13% on FY2024.
40 lenders had approvals here; the most active were The Huntington National Bank (119), ChoiceOne Bank (25) and Michigan Certified Development Corporation (22). 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 Livingston 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 | 119 | $24.5M | 43.6% | |
| 2 | ChoiceOne BankSparta, MI | 25 | $15.2M | 9.2% | |
| 3 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 22 | $19.4M | 8.1% | |
| 4 | Bank of Ann ArborAnn Arbor, MI | 12 | $4.7M | 4.4% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 7 | $11.0M | 2.6% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 7 | $4.5M | 2.6% | |
| 7 | Oxford BankOxford, MI | 6 | $2.6M | 2.2% | |
| 8 | PNC Bank, National AssociationWilmington, DE | 6 | $2.2M | 2.2% | |
| 9 | Lake Trust CUBrighton, MI | 6 | $1.6M | 2.2% | |
| 10 | United Midwest Savings Bank National AssociationDe Graff, OH | 6 | $900K | 2.2% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 5 | $3.4M | 1.8% | |
| 12 | Fifth Third BankCincinnati, OH | 4 | $889K | 1.5% | |
| 13 | First Merchants BankIndianapolis, IN | 3 | $4.6M | 1.1% | |
| 14 | Old National BankEvansville, IN | 3 | $2.7M | 1.1% | |
| 15 | Great Lakes Commercial FinanceGrandville, MI · CDC | 3 | $2.3M | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 6.6% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 17 | 6.2% | |
| 3 | Residential Building ConstructionNAICS 2361 | 14 | 5.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 13 | 4.8% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 12 | 4.4% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 12 | 4.4% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 9 | 3.3% | |
| 8 | Offices of PhysiciansNAICS 6211 | 8 | 2.9% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 2.9% | |
| 10 | General Freight TruckingNAICS 4841 | 8 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 65 | 23.8% | |
| 2 | Retail Trade | 40 | 14.7% | |
| 3 | Other Services (except Public Administration) | 26 | 9.5% | |
| 4 | Health Care and Social Assistance | 24 | 8.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 22 | 8.1% | |
| 6 | Accommodation and Food Services | 21 | 7.7% | |
| 7 | Transportation and Warehousing | 18 | 6.6% | |
| 8 | Manufacturing | 14 | 5.1% |
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* | 28 | $22.9M | $253K | 2 | — | 30 | 306 |
| FY2025 | 49 | $22.1M | $200K | 3 | $2.0M | 52 | 339 |
| FY2024 | 58 | $26.7M | $150K | 2 | — | 60 | 631 |
| FY2023 | 52 | $25.1M | $100K | 3 | $2.1M | 55 | 950 |
| FY2022 | 48 | $19.1M | $95K | 5 | $2.6M | 53 | 530 |
| FY2021 | 41 | $21.3M | $200K | 12 | $14.2M | 53 | 650 |
| FY2020 | 32 | $17.1M | $128K | 8 | $5.0M | 40 | 392 |
| FY2019 | 31 | $11.3M | $135K | 3 | $2.1M | 34 | 577 |
| FY2018 | 48 | $11.5M | $88K | 4 | $2.8M | 52 | 327 |
| FY2017 | 46 | $20.7M | $174K | 6 | $6.3M | 52 | 502 |
| FY2016 | 51 | $14.4M | $54K | 0 | — | 51 | 314 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 229 approvals.
Against Michigan and the country
| FY2021–FY2025 | Livingston County | Michigan | United States |
|---|---|---|---|
| Approvals | 273 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 60.7 | 55.8 | 41.0 |
| Median 7(a) approval | $150K | $125K | $190K |
| Median 504 approval | $629K | $540K | $657K |
| Average approval | $498K | $415K | $573K |
| 504 share of approvals | 9.2% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 11.4 | 9.4 | 10.5 |
| Share of state approvals | 2.1% | 100.0% | — |
Approval sizes
- $50,000 or less23.4%64
- $50,001 to $150,00027.1%74
- $150,001 to $350,00019.0%52
- $350,001 to $1 million17.9%49
- $1 million to $2 million6.6%18
- Over $2 million5.9%16
Age of the businesses
- Existing, more than 2 years old66.3%181
- New business, 2 years or less8.1%22
- Startup, loan funds will open the business18.7%51
- Change of ownership6.6%18
- Not answered0.4%1
Questions and answers
Which lenders make the most SBA loans in Livingston County?
By approvals in FY2021 to FY2025: The Huntington National Bank (119), ChoiceOne Bank (25), Michigan Certified Development Corporation (22), Bank of Ann Arbor (12), Live Oak Banking Company (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Livingston County?
The median 7(a) approval was $150K and the median 504 approval $629K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Livingston County?
Restaurants and Other Eating Places (18); Other Specialty Trade Contractors (17); Residential Building Construction (14); Building Equipment Contractors (13); Automotive Repair and Maintenance (12).
Is SBA lending in Livingston County rising?
Approvals in the three latest complete fiscal years total 167, against 146 in the three before: rising (+14%).
How does Livingston County compare with the rest of Michigan?
60.7 approvals per 1,000 establishments against 55.8 statewide, and 273 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