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County50th of 83 in Michigan by approvalsFIPS 26105
SBA loans in Mason 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.
Businesses in Mason County, Michigan, received 31 SBA loan approvals worth $16.4M in FY2021 to FY2025 (28 7(a), 3 504).
That is 42.0 approvals per 1,000 business establishments (738 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 50th of 83 Michigan counties with approvals. In FY2025 there were 1.
9 lenders had approvals here; the most active were West Shore Bank (12), The Huntington National Bank (10) and Great Lakes Commercial Finance (2). The most common industry was offices of dentists.
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 Mason County
By number of approvals to businesses in the county, FY2021–FY2025; 9 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | West Shore BankLudington, MI | 12 | $8.6M | 38.7% | |
| 2 | The Huntington National BankColumbus, OH | 10 | $2.7M | 32.3% | |
| 3 | Great Lakes Commercial FinanceGrandville, MI · CDC | 2 | — | 6.5% | |
| 4 | Highpoint Community BankHastings, MI | 2 | — | 6.5% | |
| 5 | The Shelby State BankShelby, MI | 1 | — | 3.2% | |
| 6 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 3.2% | |
| 7 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 1 | — | 3.2% | |
| 8 | ChoiceOne BankSparta, MI | 1 | — | 3.2% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of DentistsNAICS 6212 | 3 | 9.7% | |
| 2 | Specialty Food StoresNAICS 4452 | 2 | 6.5% | |
| 3 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 2 | 6.5% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 6.5% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 2 | 6.5% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 6.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 6.5% | |
| 8 | Automobile DealersNAICS 4411 | 1 | 3.2% | |
| 9 | Gasoline StationsNAICS 4571 | 1 | 3.2% | |
| 10 | Plastics Product ManufacturingNAICS 3261 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 29.0% | |
| 2 | Accommodation and Food Services | 5 | 16.1% | |
| 3 | Health Care and Social Assistance | 4 | 12.9% | |
| 4 | Construction | 3 | 9.7% | |
| 5 | Other Services (except Public Administration) | 2 | 6.5% | |
| 6 | Manufacturing | 2 | 6.5% | |
| 7 | Arts, Entertainment, and Recreation | 2 | 6.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 1 | 3.2% |
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* | 3 | $1.2M | $360K | 0 | — | 3 | 54 |
| FY2025 | 1 | — | — | 0 | — | 1 | 12 |
| FY2024 | 7 | $967K | $38K | 1 | — | 8 | 43 |
| FY2023 | 3 | $511K | $169K | 1 | — | 4 | 28 |
| FY2022 | 6 | $5.4M | $850K | 0 | — | 6 | 88 |
| FY2021 | 11 | $7.6M | $540K | 1 | — | 12 | 82 |
| FY2020 | 0 | — | — | 1 | — | 1 | 0 |
| FY2019 | 8 | $5.0M | $75K | 1 | — | 9 | 362 |
| FY2018 | 6 | $2.3M | $163K | 2 | — | 8 | 19 |
| FY2017 | 5 | $1.4M | $195K | 0 | — | 5 | 24 |
| FY2016 | 3 | $966K | $372K | 1 | — | 4 | 55 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 27 approvals.
Against Michigan and the country
| FY2021–FY2025 | Mason County | Michigan | United States |
|---|---|---|---|
| Approvals | 31 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 42.0 | 55.8 | 41.0 |
| Median 7(a) approval | $347K | $125K | $190K |
| Median 504 approval | $529K | $540K | $657K |
| Average approval | $528K | $415K | $573K |
| 504 share of approvals | 9.7% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.2 | 9.4 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less16.1%5
- $50,001 to $150,00012.9%4
- $150,001 to $350,00019.4%6
- $350,001 to $1 million38.7%12
- $1 million to $2 million9.7%3
- Over $2 million3.2%1
Age of the businesses
- Existing, more than 2 years old48.4%15
- New business, 2 years or less12.9%4
- Startup, loan funds will open the business29.0%9
- Change of ownership9.7%3
Questions and answers
Which lenders make the most SBA loans in Mason County?
By approvals in FY2021 to FY2025: West Shore Bank (12), The Huntington National Bank (10), Great Lakes Commercial Finance (2), Highpoint Community Bank (2), The Shelby State Bank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Mason County?
The median 7(a) approval was $347K and the median 504 approval $529K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Mason County?
Offices of Dentists (3); Specialty Food Stores (2); RV (Recreational Vehicle) Parks and Recreational Camps (2); Restaurants and Other Eating Places (2); Building Finishing Contractors (2).
Is SBA lending in Mason County rising?
Approvals in the three latest complete fiscal years total 13, against 19 in the three before: falling (-32%).
How does Mason County compare with the rest of Michigan?
42.0 approvals per 1,000 establishments against 55.8 statewide, and 31 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