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County16th of 83 in Michigan by approvalsFIPS 26147
SBA loans in St. Clair 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 162 loans to businesses in St. Clair County, Michigan, in FY2021 to FY2025, worth $42.8M: 149 under 7(a) and 13 under 504.
That is 52.6 approvals per 1,000 business establishments (3,080 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 16th of 83 Michigan counties with approvals. In FY2025 there were 32, down 20% on FY2024.
25 lenders had approvals here; the most active were The Huntington National Bank (105), Michigan Certified Development Corporation (11) and Fifth Third Bank (9). The most common industry was general freight trucking.
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 St. Clair 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 | 105 | $12.9M | 64.8% | |
| 2 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 11 | $8.0M | 6.8% | |
| 3 | Fifth Third BankCincinnati, OH | 9 | $3.5M | 5.6% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 5 | $2.5M | 3.1% | |
| 5 | Northeast BankLewiston, ME | 5 | $1.0M | 3.1% | |
| 6 | Horizon BankMichigan City, IN | 3 | $1.8M | 1.9% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 3 | $408K | 1.9% | |
| 8 | Great Lakes Commercial FinanceGrandville, MI · CDC | 2 | — | 1.2% | |
| 9 | ChoiceOne BankSparta, MI | 2 | — | 1.2% | |
| 10 | Live Oak Banking CompanyWilmington, NC | 2 | — | 1.2% | |
| 11 | Stone BankMountain View, AR | 1 | — | 0.6% | |
| 12 | Colony BankFitzgerald, GA | 1 | — | 0.6% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 0.6% | |
| 14 | Bank MichiganBrooklyn, MI | 1 | — | 0.6% | |
| 15 | Grasshopper Bank National AssociationNew York, NY | 1 | — | 0.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 14 | 8.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 6.8% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 6.8% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 11 | 6.8% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 10 | 6.2% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 9 | 5.6% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 8 | 4.9% | |
| 8 | Residential Building ConstructionNAICS 2361 | 5 | 3.1% | |
| 9 | Grocery StoresNAICS 4451 | 5 | 3.1% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 4 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 31 | 19.1% | |
| 2 | Retail Trade | 26 | 16.0% | |
| 3 | Other Services (except Public Administration) | 19 | 11.7% | |
| 4 | Transportation and Warehousing | 19 | 11.7% | |
| 5 | Manufacturing | 15 | 9.3% | |
| 6 | Accommodation and Food Services | 14 | 8.6% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 11 | 6.8% | |
| 8 | Professional, Scientific, and Technical Services | 9 | 5.6% |
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* | 10 | $1.6M | $100K | 3 | $1.2M | 13 | 50 |
| FY2025 | 29 | $8.9M | $150K | 3 | $1.6M | 32 | 271 |
| FY2024 | 39 | $8.0M | $75K | 1 | — | 40 | 335 |
| FY2023 | 33 | $6.9M | $55K | 3 | $4.6M | 36 | 268 |
| FY2022 | 29 | $5.9M | $61K | 2 | — | 31 | 115 |
| FY2021 | 19 | $3.7M | $50K | 4 | $1.4M | 23 | 141 |
| FY2020 | 22 | $11.1M | $50K | 4 | $1.1M | 26 | 237 |
| FY2019 | 30 | $13.6M | $61K | 3 | $1.7M | 33 | 372 |
| FY2018 | 32 | $8.3M | $95K | 2 | — | 34 | 503 |
| FY2017 | 20 | $6.6M | $50K | 3 | $749K | 23 | 236 |
| FY2016 | 28 | $10.6M | $100K | 2 | — | 30 | 296 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 146 approvals.
Against Michigan and the country
| FY2021–FY2025 | St. Clair County | Michigan | United States |
|---|---|---|---|
| Approvals | 162 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 52.6 | 55.8 | 41.0 |
| Median 7(a) approval | $80K | $125K | $190K |
| Median 504 approval | $364K | $540K | $657K |
| Average approval | $264K | $415K | $573K |
| 504 share of approvals | 8.0% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 7.0 | 9.4 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less39.5%64
- $50,001 to $150,00023.5%38
- $150,001 to $350,00016.7%27
- $350,001 to $1 million13.6%22
- $1 million to $2 million6.2%10
- Over $2 million0.6%1
Age of the businesses
- Existing, more than 2 years old75.3%122
- New business, 2 years or less9.3%15
- Startup, loan funds will open the business8.6%14
- Change of ownership5.6%9
- Not answered1.2%2
Questions and answers
Which lenders make the most SBA loans in St. Clair County?
By approvals in FY2021 to FY2025: The Huntington National Bank (105), Michigan Certified Development Corporation (11), Fifth Third Bank (9), Newtek Bank, National Association (5), Northeast Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in St. Clair County?
The median 7(a) approval was $80K and the median 504 approval $364K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in St. Clair County?
General Freight Trucking (14); Restaurants and Other Eating Places (11); Automotive Repair and Maintenance (11); Building Equipment Contractors (11); Other Specialty Trade Contractors (10).
Is SBA lending in St. Clair County rising?
Approvals in the three latest complete fiscal years total 108, against 80 in the three before: rising (+35%).
How does St. Clair County compare with the rest of Michigan?
52.6 approvals per 1,000 establishments against 55.8 statewide, and 162 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