States › Michigan › Midland County
County25th of 83 in Michigan by approvalsFIPS 26111
SBA loans in Midland 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 Midland County, Michigan, in FY2021 to FY2025, worth $21.7M: 73 under 7(a) and 6 under 504.
That is 44.0 approvals per 1,000 business establishments (1,795 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 25th of 83 Michigan counties with approvals. In FY2025 there were 12, down 29% on FY2024.
19 lenders had approvals here; the most active were The Huntington National Bank (33), 1st State Bank (9) and Horizon 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 Midland County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 33 | $2.7M | 41.8% | |
| 2 | 1st State BankSaginaw, MI | 9 | $4.7M | 11.4% | |
| 3 | Horizon BankMichigan City, IN | 6 | $4.5M | 7.6% | |
| 4 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 5 | $2.6M | 6.3% | |
| 5 | Isabella BankMount Pleasant, MI | 5 | $1.5M | 6.3% | |
| 6 | PNC Bank, National AssociationWilmington, DE | 4 | $665K | 5.1% | |
| 7 | ChoiceOne BankSparta, MI | 3 | $1.3M | 3.8% | |
| 8 | Wildfire Credit UnionSaginaw, MI | 2 | — | 2.5% | |
| 9 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 2.5% | |
| 10 | Independent BankGrand Rapids, MI | 1 | — | 1.3% | |
| 11 | Great Lakes Commercial FinanceGrandville, MI · CDC | 1 | — | 1.3% | |
| 12 | KeyBank National AssociationCleveland, OH | 1 | — | 1.3% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.3% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 1 | — | 1.3% | |
| 15 | Northeast BankLewiston, ME | 1 | — | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 13 | 16.5% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 7.6% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 5 | 6.3% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 4 | 5.1% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 3.8% | |
| 6 | Building Finishing ContractorsNAICS 2383 | 3 | 3.8% | |
| 7 | Residential Building ConstructionNAICS 2361 | 3 | 3.8% | |
| 8 | Personal Care ServicesNAICS 8121 | 3 | 3.8% | |
| 9 | Lessors of Real EstateNAICS 5311 | 2 | 2.5% | |
| 10 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 2 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 22.8% | |
| 2 | Accommodation and Food Services | 14 | 17.7% | |
| 3 | Retail Trade | 11 | 13.9% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 7 | 8.9% | |
| 5 | Other Services (except Public Administration) | 7 | 8.9% | |
| 6 | Professional, Scientific, and Technical Services | 5 | 6.3% | |
| 7 | Health Care and Social Assistance | 5 | 6.3% | |
| 8 | Wholesale Trade | 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* | 9 | $4.6M | $99K | 0 | — | 9 | 71 |
| FY2025 | 12 | $3.2M | $93K | 0 | — | 12 | 116 |
| FY2024 | 16 | $4.6M | $50K | 1 | — | 17 | 161 |
| FY2023 | 10 | $988K | $54K | 2 | — | 12 | 85 |
| FY2022 | 17 | $5.8M | $200K | 1 | — | 18 | 225 |
| FY2021 | 18 | $3.8M | $55K | 2 | — | 20 | 142 |
| FY2020 | 19 | $13.9M | $350K | 4 | $1.4M | 23 | 584 |
| FY2019 | 10 | $2.9M | $57K | 1 | — | 11 | 90 |
| FY2018 | 18 | $6.2M | $65K | 1 | — | 19 | 152 |
| FY2017 | 7 | $1.8M | $292K | 0 | — | 7 | 94 |
| FY2016 | 14 | $4.8M | $138K | 0 | — | 14 | 145 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 74 approvals.
Against Michigan and the country
| FY2021–FY2025 | Midland County | Michigan | United States |
|---|---|---|---|
| Approvals | 79 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 44.0 | 55.8 | 41.0 |
| Median 7(a) approval | $100K | $125K | $190K |
| Median 504 approval | $567K | $540K | $657K |
| Average approval | $275K | $415K | $573K |
| 504 share of approvals | 7.6% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 9.4 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less39.2%31
- $50,001 to $150,00017.7%14
- $150,001 to $350,00022.8%18
- $350,001 to $1 million16.5%13
- $1 million to $2 million2.5%2
- Over $2 million1.3%1
Age of the businesses
- Existing, more than 2 years old58.2%46
- New business, 2 years or less11.4%9
- Startup, loan funds will open the business25.3%20
- Change of ownership5.1%4
Questions and answers
Which lenders make the most SBA loans in Midland County?
By approvals in FY2021 to FY2025: The Huntington National Bank (33), 1st State Bank (9), Horizon Bank (6), Michigan Certified Development Corporation (5), Isabella Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Midland County?
The median 7(a) approval was $100K and the median 504 approval $567K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Midland County?
Restaurants and Other Eating Places (13); Other Specialty Trade Contractors (6); Services to Buildings and Dwellings (5); Building Equipment Contractors (4); Other Professional, Scientific, and Technical Services (3).
Is SBA lending in Midland County rising?
Approvals in the three latest complete fiscal years total 41, against 61 in the three before: falling (-33%).
How does Midland County compare with the rest of Michigan?
44.0 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