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County11th of 83 in Michigan by approvalsFIPS 26145
SBA loans in Saginaw 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 Saginaw County, Michigan, received 251 SBA loan approvals worth $84.2M in FY2021 to FY2025 (240 7(a), 11 504).
That is 61.3 approvals per 1,000 business establishments (4,092 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 11th of 83 Michigan counties with approvals. In FY2025 there were 32, down 48% on FY2024.
34 lenders had approvals here; the most active were The Huntington National Bank (121), ChoiceOne Bank (45) and 1st State Bank (23). 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 Saginaw County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 121 | $12.7M | 48.2% | |
| 2 | ChoiceOne BankSparta, MI | 45 | $21.7M | 17.9% | |
| 3 | 1st State BankSaginaw, MI | 23 | $7.7M | 9.2% | |
| 4 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 9 | $6.3M | 3.6% | |
| 5 | Wildfire Credit UnionSaginaw, MI | 5 | $1.7M | 2.0% | |
| 6 | Isabella BankMount Pleasant, MI | 4 | $907K | 1.6% | |
| 7 | JPMorgan Chase Bank, National AssociationColumbus, OH | 4 | $638K | 1.6% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 4 | $385K | 1.6% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 3 | $4.5M | 1.2% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 3 | $2.1M | 1.2% | |
| 11 | Frankenmuth Credit UnionFrankenmuth, MI | 3 | $660K | 1.2% | |
| 12 | GBankLas Vegas, NV | 2 | — | 0.8% | |
| 13 | Old National BankEvansville, IN | 2 | — | 0.8% | |
| 14 | PNC Bank, National AssociationWilmington, DE | 2 | — | 0.8% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 2 | — | 0.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 34 | 13.5% | |
| 2 | General Freight TruckingNAICS 4841 | 17 | 6.8% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 13 | 5.2% | |
| 4 | Personal Care ServicesNAICS 8121 | 8 | 3.2% | |
| 5 | Traveler AccommodationNAICS 7211 | 6 | 2.4% | |
| 6 | Residential Building ConstructionNAICS 2361 | 6 | 2.4% | |
| 7 | Lessors of Real EstateNAICS 5311 | 5 | 2.0% | |
| 8 | Nursing Care Facilities (Skilled Nursing Facilities)NAICS 6231 | 5 | 2.0% | |
| 9 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 5 | 2.0% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 5 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 43 | 17.1% | |
| 2 | Health Care and Social Assistance | 34 | 13.5% | |
| 3 | Construction | 34 | 13.5% | |
| 4 | Retail Trade | 23 | 9.2% | |
| 5 | Transportation and Warehousing | 21 | 8.4% | |
| 6 | Manufacturing | 20 | 8.0% | |
| 7 | Other Services (except Public Administration) | 18 | 7.2% | |
| 8 | Professional, Scientific, and Technical Services | 17 | 6.8% |
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* | 20 | $12.1M | $168K | 0 | — | 20 | 141 |
| FY2025 | 31 | $12.1M | $150K | 1 | — | 32 | 477 |
| FY2024 | 61 | $19.2M | $100K | 1 | — | 62 | 545 |
| FY2023 | 53 | $13.8M | $75K | 1 | — | 54 | 320 |
| FY2022 | 48 | $16.3M | $60K | 5 | $5.7M | 53 | 523 |
| FY2021 | 47 | $14.4M | $125K | 3 | $1.9M | 50 | 348 |
| FY2020 | 29 | $8.7M | $50K | 1 | — | 30 | 249 |
| FY2019 | 35 | $20.1M | $140K | 3 | $1.7M | 38 | 359 |
| FY2018 | 31 | $4.7M | $50K | 1 | — | 32 | 170 |
| FY2017 | 28 | $15.3M | $191K | 3 | $1.6M | 31 | 345 |
| FY2016 | 22 | $8.6M | $150K | 2 | — | 24 | 236 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 155 approvals.
Against Michigan and the country
| FY2021–FY2025 | Saginaw County | Michigan | United States |
|---|---|---|---|
| Approvals | 251 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 61.3 | 55.8 | 41.0 |
| Median 7(a) approval | $100K | $125K | $190K |
| Median 504 approval | $495K | $540K | $657K |
| Average approval | $336K | $415K | $573K |
| 504 share of approvals | 4.4% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 9.4 | 10.5 |
| Share of state approvals | 2.0% | 100.0% | — |
Approval sizes
- $50,000 or less32.3%81
- $50,001 to $150,00030.7%77
- $150,001 to $350,00015.1%38
- $350,001 to $1 million13.9%35
- $1 million to $2 million4.8%12
- Over $2 million3.2%8
Age of the businesses
- Existing, more than 2 years old61.8%155
- New business, 2 years or less13.5%34
- Startup, loan funds will open the business18.7%47
- Change of ownership6.0%15
Questions and answers
Which lenders make the most SBA loans in Saginaw County?
By approvals in FY2021 to FY2025: The Huntington National Bank (121), ChoiceOne Bank (45), 1st State Bank (23), Michigan Certified Development Corporation (9), Wildfire Credit Union (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Saginaw County?
The median 7(a) approval was $100K and the median 504 approval $495K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Saginaw County?
Restaurants and Other Eating Places (34); General Freight Trucking (17); Building Equipment Contractors (13); Personal Care Services (8); Traveler Accommodation (6).
Is SBA lending in Saginaw County rising?
Approvals in the three latest complete fiscal years total 148, against 133 in the three before: rising (+11%).
How does Saginaw County compare with the rest of Michigan?
61.3 approvals per 1,000 establishments against 55.8 statewide, and 251 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