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County39th of 83 in Michigan by approvalsFIPS 26127
SBA loans in Oceana 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 39 loans to businesses in Oceana County, Michigan, in FY2021 to FY2025, worth $9.5M: 39 under 7(a) and 0 under 504.
That is 83.3 approvals per 1,000 business establishments (468 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 39th of 83 Michigan counties with approvals. In FY2025 there were 4, down 71% on FY2024.
7 lenders had approvals here; the most active were The Huntington National Bank (29), TowneBank (3) and West Shore Bank (2). 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 Oceana County
By number of approvals to businesses in the county, FY2021–FY2025; 7 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 29 | $3.3M | 74.4% | |
| 2 | TowneBankPortsmouth, VA | 3 | $1.8M | 7.7% | |
| 3 | West Shore BankLudington, MI | 2 | — | 5.1% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 5.1% | |
| 5 | Horizon BankMichigan City, IN | 1 | — | 2.6% | |
| 6 | KeyBank National AssociationCleveland, OH | 1 | — | 2.6% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 12.8% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 3 | 7.7% | |
| 3 | Grocery StoresNAICS 4451 | 3 | 7.7% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 7.7% | |
| 5 | Farm Product Raw Material Merchant WholesalersNAICS 4245 | 2 | 5.1% | |
| 6 | Specialized Freight TruckingNAICS 4842 | 2 | 5.1% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.1% | |
| 8 | Cattle Ranching and FarmingNAICS 1121 | 2 | 5.1% | |
| 9 | General Merchandise Stores, including Warehouse Clubs and SupercentersNAICS 4523 | 2 | 5.1% | |
| 10 | Metalworking Machinery ManufacturingNAICS 3335 | 1 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 7 | 17.9% | |
| 2 | Retail Trade | 7 | 17.9% | |
| 3 | Accommodation and Food Services | 6 | 15.4% | |
| 4 | Manufacturing | 5 | 12.8% | |
| 5 | Wholesale Trade | 3 | 7.7% | |
| 6 | Other Services (except Public Administration) | 3 | 7.7% | |
| 7 | Transportation and Warehousing | 3 | 7.7% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.1% |
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* | 2 | — | — | 1 | — | 3 | 8 |
| FY2025 | 4 | $175K | $33K | 0 | — | 4 | 19 |
| FY2024 | 14 | $5.3M | $87K | 0 | — | 14 | 60 |
| FY2023 | 8 | $557K | $50K | 0 | — | 8 | 12 |
| FY2022 | 5 | $234K | $50K | 0 | — | 5 | 13 |
| FY2021 | 8 | $3.2M | $180K | 0 | — | 8 | 86 |
| FY2020 | 7 | $636K | $66K | 0 | — | 7 | 50 |
| FY2019 | 4 | $273K | $63K | 0 | — | 4 | 18 |
| FY2018 | 11 | $801K | $50K | 0 | — | 11 | 70 |
| FY2017 | 1 | — | — | 0 | — | 1 | 4 |
| FY2016 | 7 | $247K | $19K | 0 | — | 7 | 9 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 30 approvals.
Against Michigan and the country
| FY2021–FY2025 | Oceana County | Michigan | United States |
|---|---|---|---|
| Approvals | 39 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 83.3 | 55.8 | 41.0 |
| Median 7(a) approval | $52K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $243K | $415K | $573K |
| 504 share of approvals | 0.0% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 4.9 | 9.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less48.7%19
- $50,001 to $150,00023.1%9
- $150,001 to $350,00012.8%5
- $350,001 to $1 million7.7%3
- $1 million to $2 million5.1%2
- Over $2 million2.6%1
Age of the businesses
- Existing, more than 2 years old74.4%29
- New business, 2 years or less10.3%4
- Startup, loan funds will open the business15.4%6
Questions and answers
Which lenders make the most SBA loans in Oceana County?
By approvals in FY2021 to FY2025: The Huntington National Bank (29), TowneBank (3), West Shore Bank (2), Wells Fargo Bank National Association (2), Horizon Bank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Oceana County?
The median 7(a) approval was $52K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Oceana County?
Restaurants and Other Eating Places (5); Building Equipment Contractors (3); Grocery Stores (3); Other Specialty Trade Contractors (3); Farm Product Raw Material Merchant Wholesalers (2).
Is SBA lending in Oceana County rising?
Approvals in the three latest complete fiscal years total 26, against 20 in the three before: rising (+30%).
How does Oceana County compare with the rest of Michigan?
83.3 approvals per 1,000 establishments against 55.8 statewide, and 39 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