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County7th of 83 in Michigan by approvalsFIPS 26161
SBA loans in Washtenaw 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 Washtenaw County, Michigan, received 399 SBA loan approvals worth $191M in FY2021 to FY2025 (370 7(a), 29 504).
That is 47.9 approvals per 1,000 business establishments (8,322 establishments in 2023), close to the Michigan figure of 55.8 and above the national 41.0.
It ranks 7th of 83 Michigan counties with approvals. In FY2025 there were 87, down 20% on FY2024.
62 lenders had approvals here; the most active were The Huntington National Bank (141), Michigan Certified Development Corporation (21) and Chelsea State Bank (21). 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 Washtenaw County
By number of approvals to businesses in the county, FY2021–FY2025; 62 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 141 | $26.6M | 35.3% | |
| 2 | Michigan Certified Development CorporationEast Lansing, MI · CDC | 21 | $15.4M | 5.3% | |
| 3 | Chelsea State BankChelsea, MI | 21 | $9.5M | 5.3% | |
| 4 | Fifth Third BankCincinnati, OH | 19 | $14.8M | 4.8% | |
| 5 | Bank MichiganBrooklyn, MI | 18 | $13.9M | 4.5% | |
| 6 | University BankAnn Arbor, MI | 13 | $8.3M | 3.3% | |
| 7 | JPMorgan Chase Bank, National AssociationColumbus, OH | 11 | $3.5M | 2.8% | |
| 8 | First Internet Bank of IndianaFishers, IN | 10 | $13.1M | 2.5% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 10 | $7.0M | 2.5% | |
| 10 | Northeast BankLewiston, ME | 10 | $1.8M | 2.5% | |
| 11 | KeyBank National AssociationCleveland, OH | 10 | $422K | 2.5% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 9 | $10.3M | 2.3% | |
| 13 | Great Lakes Commercial FinanceGrandville, MI · CDC | 7 | $7.1M | 1.8% | |
| 14 | First Merchants BankIndianapolis, IN | 7 | $1.0M | 1.8% | |
| 15 | Old National BankEvansville, IN | 5 | $4.8M | 1.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 49 | 12.3% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 21 | 5.3% | |
| 3 | Residential Building ConstructionNAICS 2361 | 18 | 4.5% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 16 | 4.0% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 16 | 4.0% | |
| 6 | General Freight TruckingNAICS 4841 | 15 | 3.8% | |
| 7 | Other Personal ServicesNAICS 8129 | 13 | 3.3% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 11 | 2.8% | |
| 9 | Personal Care ServicesNAICS 8121 | 11 | 2.8% | |
| 10 | Beer, Wine, and Liquor StoresNAICS 4453 | 10 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 56 | 14.0% | |
| 2 | Construction | 56 | 14.0% | |
| 3 | Retail Trade | 50 | 12.5% | |
| 4 | Health Care and Social Assistance | 45 | 11.3% | |
| 5 | Other Services (except Public Administration) | 35 | 8.8% | |
| 6 | Professional, Scientific, and Technical Services | 33 | 8.3% | |
| 7 | Transportation and Warehousing | 28 | 7.0% | |
| 8 | Manufacturing | 27 | 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* | 37 | $27.1M | $295K | 3 | $1.4M | 40 | 525 |
| FY2025 | 86 | $32.0M | $186K | 1 | — | 87 | 675 |
| FY2024 | 105 | $35.2M | $133K | 4 | $2.4M | 109 | 1,416 |
| FY2023 | 81 | $40.0M | $150K | 3 | $5.6M | 84 | 744 |
| FY2022 | 58 | $35.0M | $117K | 10 | $8.4M | 68 | 832 |
| FY2021 | 40 | $23.3M | $160K | 11 | $8.3M | 51 | 852 |
| FY2020 | 53 | $23.2M | $125K | 7 | $3.7M | 60 | 478 |
| FY2019 | 57 | $15.3M | $136K | 6 | $5.1M | 63 | 493 |
| FY2018 | 57 | $20.8M | $75K | 7 | $4.4M | 64 | 561 |
| FY2017 | 59 | $24.0M | $150K | 3 | $2.0M | 62 | 724 |
| FY2016 | 78 | $22.7M | $112K | 9 | $4.2M | 87 | 865 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 336 approvals.
Against Michigan and the country
| FY2021–FY2025 | Washtenaw County | Michigan | United States |
|---|---|---|---|
| Approvals | 399 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 47.9 | 55.8 | 41.0 |
| Median 7(a) approval | $150K | $125K | $190K |
| Median 504 approval | $596K | $540K | $657K |
| Average approval | $478K | $415K | $573K |
| 504 share of approvals | 7.3% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 11.3 | 9.4 | 10.5 |
| Share of state approvals | 3.1% | 100.0% | — |
Approval sizes
- $50,000 or less26.1%104
- $50,001 to $150,00023.3%93
- $150,001 to $350,00019.8%79
- $350,001 to $1 million18.0%72
- $1 million to $2 million6.8%27
- Over $2 million6.0%24
Age of the businesses
- Existing, more than 2 years old57.4%229
- New business, 2 years or less12.3%49
- Startup, loan funds will open the business22.1%88
- Change of ownership8.3%33
Questions and answers
Which lenders make the most SBA loans in Washtenaw County?
By approvals in FY2021 to FY2025: The Huntington National Bank (141), Michigan Certified Development Corporation (21), Chelsea State Bank (21), Fifth Third Bank (19), Bank Michigan (18). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Washtenaw County?
The median 7(a) approval was $150K and the median 504 approval $596K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Washtenaw County?
Restaurants and Other Eating Places (49); Offices of Other Health Practitioners (21); Residential Building Construction (18); Services to Buildings and Dwellings (16); Other Specialty Trade Contractors (16).
Is SBA lending in Washtenaw County rising?
Approvals in the three latest complete fiscal years total 280, against 179 in the three before: rising (+56%).
How does Washtenaw County compare with the rest of Michigan?
47.9 approvals per 1,000 establishments against 55.8 statewide, and 399 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