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County6th of 83 in Michigan by approvalsFIPS 26139
SBA loans in Ottawa 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 Ottawa County, Michigan, received 470 SBA loan approvals worth $238M in FY2021 to FY2025 (414 7(a), 56 504).
That is 68.5 approvals per 1,000 business establishments (6,865 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 6th of 83 Michigan counties with approvals. In FY2025 there were 91, down 16% on FY2024.
52 lenders had approvals here; the most active were The Huntington National Bank (277), Great Lakes Commercial Finance (31) and Michigan Certified Development Corporation (24). 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 Ottawa County
By number of approvals to businesses in the county, FY2021–FY2025; 52 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 277 | $54.1M | 58.9% | |
| 2 | Great Lakes Commercial FinanceGrandville, MI · CDC | 31 | $30.3M | 6.6% | |
| 3 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 24 | $35.7M | 5.1% | |
| 4 | Fifth Third BankCincinnati, OH | 19 | $18.6M | 4.0% | |
| 5 | Old National BankEvansville, IN | 10 | $6.2M | 2.1% | |
| 6 | JPMorgan Chase Bank, National AssociationColumbus, OH | 6 | $1.2M | 1.3% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 5 | $18.0M | 1.1% | |
| 8 | Independent BankGrand Rapids, MI | 5 | $8.5M | 1.1% | |
| 9 | ChoiceOne BankSparta, MI | 5 | $6.9M | 1.1% | |
| 10 | Lake Michigan CUGrand Rapids, MI | 5 | $5.5M | 1.1% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 5 | $4.9M | 1.1% | |
| 12 | First National Bank of MichiganKalamazoo, MI | 5 | $2.5M | 1.1% | |
| 13 | Grand River BankGrandville, MI | 5 | $1.9M | 1.1% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 5 | $900K | 1.1% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 5 | $710K | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 36 | 7.7% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 23 | 4.9% | |
| 3 | General Freight TruckingNAICS 4841 | 22 | 4.7% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 21 | 4.5% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 19 | 4.0% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 19 | 4.0% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 19 | 4.0% | |
| 8 | Residential Building ConstructionNAICS 2361 | 15 | 3.2% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 2.8% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 13 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 85 | 18.1% | |
| 2 | Manufacturing | 56 | 11.9% | |
| 3 | Retail Trade | 45 | 9.6% | |
| 4 | Accommodation and Food Services | 43 | 9.1% | |
| 5 | Other Services (except Public Administration) | 39 | 8.3% | |
| 6 | Health Care and Social Assistance | 34 | 7.2% | |
| 7 | Transportation and Warehousing | 34 | 7.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 33 | 7.0% |
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* | 54 | $25.4M | $173K | 6 | $4.4M | 60 | 743 |
| FY2025 | 87 | $31.9M | $150K | 4 | $2.9M | 91 | 562 |
| FY2024 | 95 | $36.5M | $80K | 13 | $20.7M | 108 | 891 |
| FY2023 | 79 | $41.5M | $114K | 7 | $7.8M | 86 | 841 |
| FY2022 | 72 | $28.0M | $111K | 20 | $17.6M | 92 | 773 |
| FY2021 | 81 | $33.4M | $125K | 12 | $17.7M | 93 | 1,117 |
| FY2020 | 69 | $16.4M | $74K | 14 | $8.1M | 83 | 650 |
| FY2019 | 94 | $28.0M | $100K | 8 | $6.8M | 102 | 758 |
| FY2018 | 99 | $31.0M | $55K | 9 | $4.6M | 108 | 1,028 |
| FY2017 | 98 | $23.7M | $84K | 7 | $8.3M | 105 | 759 |
| FY2016 | 95 | $29.5M | $100K | 11 | $7.3M | 106 | 1,094 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 504 approvals.
Against Michigan and the country
| FY2021–FY2025 | Ottawa County | Michigan | United States |
|---|---|---|---|
| Approvals | 470 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 68.5 | 55.8 | 41.0 |
| Median 7(a) approval | $111K | $125K | $190K |
| Median 504 approval | $758K | $540K | $657K |
| Average approval | $506K | $415K | $573K |
| 504 share of approvals | 11.9% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.9 | 9.4 | 10.5 |
| Share of state approvals | 3.7% | 100.0% | — |
Approval sizes
- $50,000 or less28.3%133
- $50,001 to $150,00025.7%121
- $150,001 to $350,00015.3%72
- $350,001 to $1 million16.4%77
- $1 million to $2 million8.3%39
- Over $2 million6.0%28
Age of the businesses
- Existing, more than 2 years old70.4%331
- New business, 2 years or less9.8%46
- Startup, loan funds will open the business12.6%59
- Change of ownership7.0%33
- Not answered0.2%1
Questions and answers
Which lenders make the most SBA loans in Ottawa County?
By approvals in FY2021 to FY2025: The Huntington National Bank (277), Great Lakes Commercial Finance (31), Michigan Certified Development Corporation (24), Fifth Third Bank (19), Old National Bank (10). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Ottawa County?
The median 7(a) approval was $111K and the median 504 approval $758K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Ottawa County?
Restaurants and Other Eating Places (36); Services to Buildings and Dwellings (23); General Freight Trucking (22); Other Specialty Trade Contractors (21); Automotive Repair and Maintenance (19).
Is SBA lending in Ottawa County rising?
Approvals in the three latest complete fiscal years total 285, against 268 in the three before: broadly level (+6%).
How does Ottawa County compare with the rest of Michigan?
68.5 approvals per 1,000 establishments against 55.8 statewide, and 470 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