States › Michigan › Tuscola County
County49th of 83 in Michigan by approvalsFIPS 26157
SBA loans in Tuscola 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 31 loans to businesses in Tuscola County, Michigan, in FY2021 to FY2025, worth $13.6M: 31 under 7(a) and 0 under 504.
That is 36.8 approvals per 1,000 business establishments (842 establishments in 2023), below the Michigan figure of 55.8 and close to the national 41.0.
It ranks 49th of 83 Michigan counties with approvals. In FY2025 there were 4.
6 lenders had approvals here; the most active were The Huntington National Bank (25), Live Oak Banking Company (2) and Newtek Bank, National Association (1). 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 Tuscola County
By number of approvals to businesses in the county, FY2021–FY2025; 6 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 25 | $2.0M | 80.6% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 2 | — | 6.5% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 1 | — | 3.2% | |
| 4 | Truliant FCUWinston-Salem, NC | 1 | — | 3.2% | |
| 5 | Five Star BankRancho Cordova, CA | 1 | — | 3.2% | |
| 6 | Dort Financial CUGrand Blanc, MI | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 16.1% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 9.7% | |
| 3 | Personal Care ServicesNAICS 8121 | 2 | 6.5% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 2 | 6.5% | |
| 5 | Specialized Freight TruckingNAICS 4842 | 2 | 6.5% | |
| 6 | Industrial Machinery ManufacturingNAICS 3332 | 1 | 3.2% | |
| 7 | Other Personal ServicesNAICS 8129 | 1 | 3.2% | |
| 8 | Health and Personal Care RetailersNAICS 4561 | 1 | 3.2% | |
| 9 | Building Material and Supplies DealersNAICS 4441 | 1 | 3.2% | |
| 10 | Grocery StoresNAICS 4451 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 5 | 16.1% | |
| 2 | Retail Trade | 4 | 12.9% | |
| 3 | Construction | 4 | 12.9% | |
| 4 | Other Services (except Public Administration) | 3 | 9.7% | |
| 5 | Professional, Scientific, and Technical Services | 3 | 9.7% | |
| 6 | Transportation and Warehousing | 3 | 9.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 2 | 6.5% | |
| 8 | Wholesale Trade | 2 | 6.5% |
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* | 3 | $2.5M | $1.2M | 0 | — | 3 | 44 |
| FY2025 | 4 | $432K | $33K | 0 | — | 4 | 46 |
| FY2024 | 7 | $6.5M | $50K | 0 | — | 7 | 72 |
| FY2023 | 8 | $1.0M | $45K | 0 | — | 8 | 19 |
| FY2022 | 7 | $5.0M | $66K | 0 | — | 7 | 40 |
| FY2021 | 5 | $733K | $50K | 0 | — | 5 | 6 |
| FY2020 | 4 | $921K | $217K | 0 | — | 4 | 49 |
| FY2019 | 4 | $4.1M | $444K | 0 | — | 4 | 67 |
| FY2018 | 1 | — | — | 0 | — | 1 | 0 |
| FY2017 | 12 | $3.7M | $92K | 0 | — | 12 | 116 |
| FY2016 | 3 | $501K | $150K | 0 | — | 3 | 10 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 24 approvals.
Against Michigan and the country
| FY2021–FY2025 | Tuscola County | Michigan | United States |
|---|---|---|---|
| Approvals | 31 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 36.8 | 55.8 | 41.0 |
| Median 7(a) approval | $50K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $440K | $415K | $573K |
| 504 share of approvals | 0.0% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 5.9 | 9.4 | 10.5 |
| Share of state approvals | 0.2% | 100.0% | — |
Approval sizes
- $50,000 or less58.1%18
- $50,001 to $150,00016.1%5
- $150,001 to $350,00012.9%4
- $350,001 to $1 million3.2%1
- $1 million to $2 million3.2%1
- Over $2 million6.5%2
Age of the businesses
- Existing, more than 2 years old71.0%22
- New business, 2 years or less9.7%3
- Startup, loan funds will open the business19.4%6
Questions and answers
Which lenders make the most SBA loans in Tuscola County?
By approvals in FY2021 to FY2025: The Huntington National Bank (25), Live Oak Banking Company (2), Newtek Bank, National Association (1), Truliant FCU (1), Five Star Bank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Tuscola County?
The median 7(a) approval was $50K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Tuscola County?
Restaurants and Other Eating Places (5); Other Professional, Scientific, and Technical Services (3); Personal Care Services (2); Services to Buildings and Dwellings (2); Specialized Freight Trucking (2).
Is SBA lending in Tuscola County rising?
Approvals in the three latest complete fiscal years total 19, against 16 in the three before: rising (+19%).
How does Tuscola County compare with the rest of Michigan?
36.8 approvals per 1,000 establishments against 55.8 statewide, and 31 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