States › Michigan › Montcalm County
County27th of 83 in Michigan by approvalsFIPS 26117
SBA loans in Montcalm 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 74 loans to businesses in Montcalm County, Michigan, in FY2021 to FY2025, worth $27.4M: 74 under 7(a) and 0 under 504.
That is 69.9 approvals per 1,000 business establishments (1,058 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 27th of 83 Michigan counties with approvals. In FY2025 there were 20, up 67% on FY2024.
13 lenders had approvals here; the most active were The Huntington National Bank (58), Live Oak Banking Company (3) and Huron Community Bank (2). The most common industry was automotive repair and maintenance.
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 Montcalm County
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 58 | $9.3M | 78.4% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 3 | $4.2M | 4.1% | |
| 3 | Huron Community BankEast Tawas, MI | 2 | — | 2.7% | |
| 4 | Horizon BankMichigan City, IN | 2 | — | 2.7% | |
| 5 | United Bank of MichiganGrand Rapids, MI | 1 | — | 1.4% | |
| 6 | Fifth Third BankCincinnati, OH | 1 | — | 1.4% | |
| 7 | First Internet Bank of IndianaFishers, IN | 1 | — | 1.4% | |
| 8 | Everwise Credit UnionSouth Bend, IN | 1 | — | 1.4% | |
| 9 | PNC Bank, National AssociationWilmington, DE | 1 | — | 1.4% | |
| 10 | Centerstone SBA Lending, Inc.Los Angeles, CA | 1 | — | 1.4% | |
| 11 | 4Front Credit UnionTraverse City, MI | 1 | — | 1.4% | |
| 12 | LAF CULansing, MI | 1 | — | 1.4% | |
| 13 | Northeast BankLewiston, ME | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 9 | 12.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 6 | 8.1% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 6.8% | |
| 4 | Other Miscellaneous RetailersNAICS 4599 | 4 | 5.4% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 5.4% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 4.1% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 4.1% | |
| 8 | General Freight TruckingNAICS 4841 | 3 | 4.1% | |
| 9 | Utility System ConstructionNAICS 2371 | 3 | 4.1% | |
| 10 | Building Material and Supplies DealersNAICS 4441 | 2 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 16 | 21.6% | |
| 2 | Construction | 12 | 16.2% | |
| 3 | Retail Trade | 11 | 14.9% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 6 | 8.1% | |
| 5 | Professional, Scientific, and Technical Services | 5 | 6.8% | |
| 6 | Manufacturing | 5 | 6.8% | |
| 7 | Transportation and Warehousing | 4 | 5.4% | |
| 8 | Arts, Entertainment, and Recreation | 4 | 5.4% |
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* | 6 | $1.2M | $125K | 0 | — | 6 | 39 |
| FY2025 | 20 | $11.6M | $110K | 0 | — | 20 | 286 |
| FY2024 | 12 | $869K | $46K | 0 | — | 12 | 14 |
| FY2023 | 17 | $3.2M | $50K | 0 | — | 17 | 174 |
| FY2022 | 15 | $4.0M | $90K | 0 | — | 15 | 69 |
| FY2021 | 10 | $7.7M | $148K | 0 | — | 10 | 92 |
| FY2020 | 9 | $2.4M | $183K | 0 | — | 9 | 70 |
| FY2019 | 7 | $1.1M | $50K | 0 | — | 7 | 31 |
| FY2018 | 14 | $1.7M | $38K | 1 | — | 15 | 60 |
| FY2017 | 11 | $5.5M | $150K | 1 | — | 12 | 231 |
| FY2016 | 9 | $2.0M | $214K | 1 | — | 10 | 42 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 53 approvals.
Against Michigan and the country
| FY2021–FY2025 | Montcalm County | Michigan | United States |
|---|---|---|---|
| Approvals | 74 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 69.9 | 55.8 | 41.0 |
| Median 7(a) approval | $78K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $370K | $415K | $573K |
| 504 share of approvals | 0.0% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.6 | 9.4 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less40.5%30
- $50,001 to $150,00028.4%21
- $150,001 to $350,0009.5%7
- $350,001 to $1 million8.1%6
- $1 million to $2 million6.8%5
- Over $2 million6.8%5
Age of the businesses
- Existing, more than 2 years old56.8%42
- New business, 2 years or less14.9%11
- Startup, loan funds will open the business14.9%11
- Change of ownership13.5%10
Questions and answers
Which lenders make the most SBA loans in Montcalm County?
By approvals in FY2021 to FY2025: The Huntington National Bank (58), Live Oak Banking Company (3), Huron Community Bank (2), Horizon Bank (2), United Bank of Michigan (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Montcalm County?
The median 7(a) approval was $78K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Montcalm County?
Automotive Repair and Maintenance (9); Services to Buildings and Dwellings (6); Other Specialty Trade Contractors (5); Other Miscellaneous Retailers (4); Other Amusement and Recreation Industries (4).
Is SBA lending in Montcalm County rising?
Approvals in the three latest complete fiscal years total 49, against 34 in the three before: rising (+44%).
How does Montcalm County compare with the rest of Michigan?
69.9 approvals per 1,000 establishments against 55.8 statewide, and 74 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