States › Michigan › Shiawassee County
County23rd of 83 in Michigan by approvalsFIPS 26155
SBA loans in Shiawassee 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 85 loans to businesses in Shiawassee County, Michigan, in FY2021 to FY2025, worth $27.6M: 81 under 7(a) and 4 under 504.
That is 70.7 approvals per 1,000 business establishments (1,202 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 23rd of 83 Michigan counties with approvals. In FY2025 there were 21, down 9% on FY2024.
25 lenders had approvals here; the most active were The Huntington National Bank (34), ChoiceOne Bank (15) and Northeast Bank (5). 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 Shiawassee County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 34 | $8.5M | 40.0% | |
| 2 | ChoiceOne BankSparta, MI | 15 | $4.3M | 17.6% | |
| 3 | Northeast BankLewiston, ME | 5 | $839K | 5.9% | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $1.3M | 3.5% | |
| 5 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 3 | $843K | 3.5% | |
| 6 | Michigan State University Federal Credit UnionEast Lansing, MI | 2 | — | 2.4% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.4% | |
| 8 | Independent BankGrand Rapids, MI | 2 | — | 2.4% | |
| 9 | Horizon BankMichigan City, IN | 2 | — | 2.4% | |
| 10 | PFCUPortland, MI | 2 | — | 2.4% | |
| 11 | Capitol National BankLansing, MI | 1 | — | 1.2% | |
| 12 | First Merchants BankIndianapolis, IN | 1 | — | 1.2% | |
| 13 | First Internet Bank of IndianaFishers, IN | 1 | — | 1.2% | |
| 14 | Oakland County Business Finance CorporationWaterford, MI · CDC | 1 | — | 1.2% | |
| 15 | First National Bank of MichiganKalamazoo, MI | 1 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 9.4% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 7 | 8.2% | |
| 3 | Utility System ConstructionNAICS 2371 | 5 | 5.9% | |
| 4 | Other Miscellaneous RetailersNAICS 4599 | 3 | 3.5% | |
| 5 | Grocery StoresNAICS 4451 | 3 | 3.5% | |
| 6 | Offices of DentistsNAICS 6212 | 3 | 3.5% | |
| 7 | General Freight TruckingNAICS 4841 | 3 | 3.5% | |
| 8 | Furniture and Home Furnishings RetailersNAICS 4491 | 3 | 3.5% | |
| 9 | Residential Building ConstructionNAICS 2361 | 3 | 3.5% | |
| 10 | Personal Care ServicesNAICS 8121 | 3 | 3.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 21.2% | |
| 2 | Retail Trade | 15 | 17.6% | |
| 3 | Accommodation and Food Services | 9 | 10.6% | |
| 4 | Transportation and Warehousing | 9 | 10.6% | |
| 5 | Other Services (except Public Administration) | 8 | 9.4% | |
| 6 | Manufacturing | 5 | 5.9% | |
| 7 | Health Care and Social Assistance | 5 | 5.9% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 4 | 4.7% |
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* | 4 | $1.4M | $294K | 1 | — | 5 | 34 |
| FY2025 | 20 | $6.7M | $160K | 1 | — | 21 | 351 |
| FY2024 | 23 | $5.4M | $120K | 0 | — | 23 | 312 |
| FY2023 | 15 | $3.0M | $140K | 0 | — | 15 | 204 |
| FY2022 | 15 | $6.0M | $200K | 1 | — | 16 | 156 |
| FY2021 | 8 | $4.9M | $100K | 2 | — | 10 | 36 |
| FY2020 | 9 | $4.9M | $100K | 0 | — | 9 | 180 |
| FY2019 | 16 | $5.1M | $166K | 2 | — | 18 | 189 |
| FY2018 | 16 | $12.7M | $81K | 1 | — | 17 | 413 |
| FY2017 | 23 | $2.5M | $52K | 2 | — | 25 | 241 |
| FY2016 | 14 | $2.2M | $100K | 3 | $1.3M | 17 | 71 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 86 approvals.
Against Michigan and the country
| FY2021–FY2025 | Shiawassee County | Michigan | United States |
|---|---|---|---|
| Approvals | 85 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 70.7 | 55.8 | 41.0 |
| Median 7(a) approval | $140K | $125K | $190K |
| Median 504 approval | $386K | $540K | $657K |
| Average approval | $325K | $415K | $573K |
| 504 share of approvals | 4.7% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 12.5 | 9.4 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less21.2%18
- $50,001 to $150,00036.5%31
- $150,001 to $350,00016.5%14
- $350,001 to $1 million20.0%17
- $1 million to $2 million3.5%3
- Over $2 million2.4%2
Age of the businesses
- Existing, more than 2 years old58.8%50
- New business, 2 years or less20.0%17
- Startup, loan funds will open the business15.3%13
- Change of ownership5.9%5
Questions and answers
Which lenders make the most SBA loans in Shiawassee County?
By approvals in FY2021 to FY2025: The Huntington National Bank (34), ChoiceOne Bank (15), Northeast Bank (5), Readycap Lending, LLC (3), Michigan Certified Development Corporation (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Shiawassee County?
The median 7(a) approval was $140K and the median 504 approval $386K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Shiawassee County?
Restaurants and Other Eating Places (8); Building Equipment Contractors (7); Utility System Construction (5); Other Miscellaneous Retailers (3); Grocery Stores (3).
Is SBA lending in Shiawassee County rising?
Approvals in the three latest complete fiscal years total 59, against 35 in the three before: rising (+69%).
How does Shiawassee County compare with the rest of Michigan?
70.7 approvals per 1,000 establishments against 55.8 statewide, and 85 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