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County13th of 83 in Michigan by approvalsFIPS 26121
SBA loans in Muskegon 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 196 loans to businesses in Muskegon County, Michigan, in FY2021 to FY2025, worth $91.8M: 175 under 7(a) and 21 under 504.
That is 62.3 approvals per 1,000 business establishments (3,147 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 13th of 83 Michigan counties with approvals. In FY2025 there were 31, down 14% on FY2024.
32 lenders had approvals here; the most active were The Huntington National Bank (98), Michigan Certified Development Corporation (15) and Fifth Third Bank (12). 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 Muskegon County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 98 | $23.5M | 50.0% | |
| 2 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 15 | $12.0M | 7.7% | |
| 3 | Fifth Third BankCincinnati, OH | 12 | $3.0M | 6.1% | |
| 4 | West Shore BankLudington, MI | 11 | $5.1M | 5.6% | |
| 5 | ChoiceOne BankSparta, MI | 9 | $4.4M | 4.6% | |
| 6 | Old National BankEvansville, IN | 7 | $8.4M | 3.6% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 6 | $10.0M | 3.1% | |
| 8 | Great Lakes Commercial FinanceGrandville, MI · CDC | 6 | $4.9M | 3.1% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 3 | $6.5M | 1.5% | |
| 10 | Byline BankChicago, IL | 3 | $1.3M | 1.5% | |
| 11 | Lake Michigan CUGrand Rapids, MI | 2 | — | 1.0% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 2 | — | 1.0% | |
| 13 | Northeast BankLewiston, ME | 2 | — | 1.0% | |
| 14 | Horizon BankMichigan City, IN | 2 | — | 1.0% | |
| 15 | Highpoint Community BankHastings, MI | 1 | — | 0.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 10.2% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 5.1% | |
| 3 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 9 | 4.6% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 4.1% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 8 | 4.1% | |
| 6 | General Freight TruckingNAICS 4841 | 7 | 3.6% | |
| 7 | Gasoline StationsNAICS 4571 | 6 | 3.1% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 6 | 3.1% | |
| 9 | Residential Building ConstructionNAICS 2361 | 6 | 3.1% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 6 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 33 | 16.8% | |
| 2 | Retail Trade | 31 | 15.8% | |
| 3 | Construction | 31 | 15.8% | |
| 4 | Accommodation and Food Services | 23 | 11.7% | |
| 5 | Other Services (except Public Administration) | 21 | 10.7% | |
| 6 | Health Care and Social Assistance | 10 | 5.1% | |
| 7 | Professional, Scientific, and Technical Services | 9 | 4.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 8 | 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* | 14 | $6.6M | $205K | 2 | — | 16 | 133 |
| FY2025 | 29 | $12.2M | $120K | 2 | — | 31 | 197 |
| FY2024 | 34 | $12.9M | $100K | 2 | — | 36 | 191 |
| FY2023 | 35 | $6.5M | $120K | 6 | $5.1M | 41 | 347 |
| FY2022 | 37 | $17.0M | $150K | 4 | $4.9M | 41 | 429 |
| FY2021 | 40 | $26.3M | $346K | 7 | $3.8M | 47 | 562 |
| FY2020 | 28 | $7.6M | $98K | 3 | $1.8M | 31 | 254 |
| FY2019 | 21 | $4.8M | $150K | 0 | — | 21 | 303 |
| FY2018 | 45 | $13.5M | $100K | 0 | — | 45 | 367 |
| FY2017 | 37 | $12.1M | $96K | 1 | — | 38 | 295 |
| FY2016 | 40 | $9.2M | $50K | 2 | — | 42 | 306 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 177 approvals.
Against Michigan and the country
| FY2021–FY2025 | Muskegon County | Michigan | United States |
|---|---|---|---|
| Approvals | 196 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 62.3 | 55.8 | 41.0 |
| Median 7(a) approval | $135K | $125K | $190K |
| Median 504 approval | $740K | $540K | $657K |
| Average approval | $468K | $415K | $573K |
| 504 share of approvals | 10.7% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 9.4 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less26.5%52
- $50,001 to $150,00021.9%43
- $150,001 to $350,00015.8%31
- $350,001 to $1 million24.5%48
- $1 million to $2 million6.6%13
- Over $2 million4.6%9
Age of the businesses
- Existing, more than 2 years old64.3%126
- New business, 2 years or less8.7%17
- Startup, loan funds will open the business14.3%28
- Change of ownership12.8%25
Questions and answers
Which lenders make the most SBA loans in Muskegon County?
By approvals in FY2021 to FY2025: The Huntington National Bank (98), Michigan Certified Development Corporation (15), Fifth Third Bank (12), West Shore Bank (11), ChoiceOne Bank (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Muskegon County?
The median 7(a) approval was $135K and the median 504 approval $740K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Muskegon County?
Restaurants and Other Eating Places (20); Automotive Repair and Maintenance (10); Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (9); Other Specialty Trade Contractors (8); Building Equipment Contractors (8).
Is SBA lending in Muskegon County rising?
Approvals in the three latest complete fiscal years total 108, against 119 in the three before: broadly level (-9%).
How does Muskegon County compare with the rest of Michigan?
62.3 approvals per 1,000 establishments against 55.8 statewide, and 196 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