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County1st of 83 in Michigan by approvalsFIPS 26125
SBA loans in Oakland 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 Oakland County, Michigan, received 2,263 SBA loan approvals worth $1.06bn in FY2021 to FY2025 (2,137 7(a), 126 504).
That is 56.9 approvals per 1,000 business establishments (39,792 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 1st of 83 Michigan counties with approvals. In FY2025 there were 515, about level with FY2024.
123 lenders had approvals here; the most active were The Huntington National Bank (982), Fifth Third Bank (105) and ChoiceOne Bank (67). 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 Oakland County
By number of approvals to businesses in the county, FY2021–FY2025; 123 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 982 | $201M | 43.4% | |
| 2 | Fifth Third BankCincinnati, OH | 105 | $56.9M | 4.6% | |
| 3 | ChoiceOne BankSparta, MI | 67 | $53.4M | 3.0% | |
| 4 | Oxford BankOxford, MI | 65 | $31.1M | 2.9% | |
| 5 | JPMorgan Chase Bank, National AssociationColumbus, OH | 62 | $22.0M | 2.7% | |
| 6 | Northeast BankLewiston, ME | 57 | $7.4M | 2.5% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 56 | $27.4M | 2.5% | |
| 8 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 55 | $69.4M | 2.4% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 47 | $13.4M | 2.1% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 41 | $64.9M | 1.8% | |
| 11 | Great Lakes Commercial FinanceGrandville, MI · CDC | 38 | $60.7M | 1.7% | |
| 12 | First Internet Bank of IndianaFishers, IN | 37 | $54.1M | 1.6% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 33 | $4.8M | 1.5% | |
| 14 | Oakland County Business Finance CorporationWaterford, MI · CDC | 31 | $25.8M | 1.4% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 29 | $6.5M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 233 | 10.3% | |
| 2 | General Freight TruckingNAICS 4841 | 110 | 4.9% | |
| 3 | Personal Care ServicesNAICS 8121 | 98 | 4.3% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 75 | 3.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 73 | 3.2% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 71 | 3.1% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 60 | 2.7% | |
| 8 | Residential Building ConstructionNAICS 2361 | 53 | 2.3% | |
| 9 | Other Personal ServicesNAICS 8129 | 48 | 2.1% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 45 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 274 | 12.1% | |
| 2 | Accommodation and Food Services | 270 | 11.9% | |
| 3 | Health Care and Social Assistance | 258 | 11.4% | |
| 4 | Other Services (except Public Administration) | 240 | 10.6% | |
| 5 | Construction | 231 | 10.2% | |
| 6 | Retail Trade | 225 | 9.9% | |
| 7 | Manufacturing | 140 | 6.2% | |
| 8 | Transportation and Warehousing | 140 | 6.2% |
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* | 223 | $102M | $207K | 9 | $10.8M | 232 | 2,198 |
| FY2025 | 483 | $220M | $170K | 32 | $48.2M | 515 | 5,927 |
| FY2024 | 470 | $169M | $150K | 18 | $28.0M | 488 | 5,160 |
| FY2023 | 473 | $170M | $140K | 21 | $27.5M | 494 | 4,814 |
| FY2022 | 350 | $145M | $150K | 25 | $25.6M | 375 | 4,492 |
| FY2021 | 361 | $198M | $220K | 30 | $29.6M | 391 | 5,099 |
| FY2020 | 257 | $133M | $186K | 28 | $20.5M | 285 | 2,652 |
| FY2019 | 366 | $139M | $130K | 19 | $21.6M | 385 | 3,937 |
| FY2018 | 411 | $121M | $100K | 26 | $15.3M | 437 | 4,521 |
| FY2017 | 438 | $163M | $120K | 35 | $29.6M | 473 | 5,933 |
| FY2016 | 446 | $153M | $105K | 25 | $19.0M | 471 | 5,061 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 2,051 approvals.
Against Michigan and the country
| FY2021–FY2025 | Oakland County | Michigan | United States |
|---|---|---|---|
| Approvals | 2,263 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 56.9 | 55.8 | 41.0 |
| Median 7(a) approval | $150K | $125K | $190K |
| Median 504 approval | $809K | $540K | $657K |
| Average approval | $469K | $415K | $573K |
| 504 share of approvals | 5.6% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 11.3 | 9.4 | 10.5 |
| Share of state approvals | 17.7% | 100.0% | — |
Approval sizes
- $50,000 or less26.0%589
- $50,001 to $150,00022.8%515
- $150,001 to $350,00020.2%458
- $350,001 to $1 million18.7%423
- $1 million to $2 million7.3%166
- Over $2 million4.9%112
Age of the businesses
- Existing, more than 2 years old63.1%1,428
- New business, 2 years or less10.3%233
- Startup, loan funds will open the business20.2%458
- Change of ownership6.2%140
- Not answered0.2%4
Questions and answers
Which lenders make the most SBA loans in Oakland County?
By approvals in FY2021 to FY2025: The Huntington National Bank (982), Fifth Third Bank (105), ChoiceOne Bank (67), Oxford Bank (65), JPMorgan Chase Bank, National Association (62). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Oakland County?
The median 7(a) approval was $150K and the median 504 approval $809K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Oakland County?
Restaurants and Other Eating Places (233); General Freight Trucking (110); Personal Care Services (98); Other Amusement and Recreation Industries (75); Services to Buildings and Dwellings (73).
Is SBA lending in Oakland County rising?
Approvals in the three latest complete fiscal years total 1,497, against 1,051 in the three before: rising (+42%).
How does Oakland County compare with the rest of Michigan?
56.9 approvals per 1,000 establishments against 55.8 statewide, and 2,263 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