FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Michigan, FY2016
That fiscal year's approvals by lender and by county.
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.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 2,631 loans in Michigan: 2,447 under 7(a) and 184 under 504, worth $797M.
That is about level with FY2015, when there were 2,650 approvals worth $747M.
Michigan accounted for 3.8% of the 70,012 approvals nationwide that year. 144 lenders had at least one approval in the state; The Huntington National Bank had the most, 1,243.
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.
Approvals by lender
The 40 lenders with the most approvals to Michigan businesses in FY2016, of 144 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 1,243 | $215M | 47.2% | 1,432 | -189 |
| 2 | Fifth Third Bank | 7(a) | 229 | $58.2M | 8.7% | 143 | +86 |
| 3 | JPMorgan Chase Bank, National Association | 7(a) | 124 | $21.1M | 4.7% | 122 | +2 |
| 4 | Michigan Certified Development Corporation | 504 | 110 | $59.0M | 4.2% | 91 | +19 |
| 5 | Citizens Bank, National Association | 7(a) | 93 | $14.9M | 3.5% | 65 | +28 |
| 6 | Great Lakes Commercial Finance | 504 | 49 | $36.7M | 1.9% | 56 | -7 |
| 7 | Celtic Bank Corporation | 7(a) | 44 | $15.1M | 1.7% | 42 | +2 |
| 8 | First Merchants Bank | 7(a) | 35 | $17.2M | 1.3% | 49 | -14 |
| 9 | PNC Bank, National Association | 7(a) | 34 | $7.3M | 1.3% | 53 | -19 |
| 10 | ChoiceOne Bank | 7(a) | 33 | $13.5M | 1.3% | 24 | +9 |
| 11 | Horizon Bank | 7(a) | 33 | $6.8M | 1.3% | 25 | +8 |
| 12 | Credit Union One | 7(a) | 27 | $10.8M | 1.0% | 22 | +5 |
| 13 | Wells Fargo Bank National Association | 7(a) | 24 | $10.1M | 0.9% | 28 | -4 |
| 14 | Live Oak Banking Company | 7(a) | 22 | $23.5M | 0.8% | 12 | +10 |
| 15 | Oakland County Business Finance Corporation | 504 | 21 | $15.9M | 0.8% | 17 | +4 |
| 16 | Capitol National Bank | 7(a) | 19 | $9.9M | 0.7% | 19 | 0 |
| 17 | KeyBank National Association | 7(a) | 18 | $8.7M | 0.7% | 18 | 0 |
| 18 | Bank of Ann Arbor | 7(a) | 18 | $5.4M | 0.7% | 21 | -3 |
| 19 | 1st Source Bank | 7(a) | 17 | $4.1M | 0.6% | 17 | 0 |
| 20 | Michigan State University Federal Credit Union | 7(a) | 17 | $1.6M | 0.6% | 15 | +2 |
| 21 | Stearns Bank National Association | 7(a) | 16 | $5.7M | 0.6% | 9 | +7 |
| 22 | 4Front Credit Union | 7(a) | 16 | $1.3M | 0.6% | 17 | -1 |
| 23 | IncredibleBank | 7(a) | 14 | $4.1M | 0.5% | 6 | +8 |
| 24 | BayFirst National Bank | 7(a) | 13 | $2.3M | 0.5% | 5 | +8 |
| 25 | Community Choice CU | 7(a) | 12 | $1.4M | 0.5% | 3 | +9 |
| 26 | Newtek Small Business Finance, Inc. | 7(a) | 11 | $8.5M | 0.4% | 3 | +8 |
| 27 | Honor Bank | 7(a) | 11 | $2.4M | 0.4% | 20 | -9 |
| 28 | Northern Great Lakes Initiatives | 7(a) | 11 | $1.7M | 0.4% | 11 | 0 |
| 29 | Nicolet National Bank | 7(a) | 10 | $8.5M | 0.4% | 18 | -8 |
| 30 | Byline Bank | 7(a) | 9 | $9.3M | 0.3% | 9 | 0 |
| 31 | Flagstar Bank National Association | 7(a) | 9 | $2.6M | 0.3% | 3 | +6 |
| 32 | Old National Bank | 7(a) | 8 | $6.4M | 0.3% | 11 | -3 |
| 33 | Team One CU | 7(a) | 8 | $2.0M | 0.3% | 5 | +3 |
| 34 | Kellogg Community CU | 7(a) | 8 | $1.7M | 0.3% | 13 | -5 |
| 35 | United Community Bank | 7(a) | 7 | $9.0M | 0.3% | 2 | +5 |
| 36 | Superior National Bank | 7(a) | 7 | $4.2M | 0.3% | 3 | +4 |
| 37 | Southern Michigan Bank & Trust | 7(a) | 7 | $3.6M | 0.3% | 2 | +5 |
| 38 | 1st State Bank | 7(a) | 7 | $3.4M | 0.3% | 2 | +5 |
| 39 | County National Bank | 7(a) | 7 | $3.2M | 0.3% | 4 | +3 |
| 40 | Oxford Bank | 7(a) | 6 | $9.6M | 0.2% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Oakland County | 471 | $172M | 17.9% | 416 | +55 |
| 2 | Wayne County | 381 | $111M | 14.5% | 379 | +2 |
| 3 | Macomb County | 299 | $69.2M | 11.4% | 325 | -26 |
| 4 | Kent County | 286 | $70.6M | 10.9% | 346 | -60 |
| 5 | Ottawa County | 106 | $36.9M | 4.0% | 93 | +13 |
| 6 | Washtenaw County | 87 | $26.8M | 3.3% | 66 | +21 |
| 7 | Genesee County | 64 | $21.6M | 2.4% | 81 | -17 |
| 8 | Kalamazoo County | 64 | $24.2M | 2.4% | 71 | -7 |
| 9 | Ingham County | 62 | $14.2M | 2.4% | 82 | -20 |
| 10 | Grand Traverse County | 55 | $17.8M | 2.1% | 65 | -10 |
| 11 | Livingston County | 51 | $14.4M | 1.9% | 34 | +17 |
| 12 | Allegan County | 47 | $6.4M | 1.8% | 58 | -11 |
| 13 | Muskegon County | 42 | $10.0M | 1.6% | 40 | +2 |
| 14 | Berrien County | 38 | $14.7M | 1.4% | 30 | +8 |
| 15 | Monroe County | 35 | $8.6M | 1.3% | 41 | -6 |
| 16 | St. Clair County | 30 | $11.5M | 1.1% | 39 | -9 |
| 17 | Eaton County | 26 | $11.6M | 1.0% | 28 | -2 |
| 18 | Saginaw County | 24 | $9.2M | 0.9% | 31 | -7 |
| 19 | Clinton County | 24 | $4.1M | 0.9% | 16 | +8 |
| 20 | Lenawee County | 23 | $13.8M | 0.9% | 22 | +1 |
| 21 | Jackson County | 23 | $13.2M | 0.9% | 17 | +6 |
| 22 | Van Buren County | 22 | $6.4M | 0.8% | 22 | 0 |
| 23 | Calhoun County | 21 | $13.6M | 0.8% | 33 | -12 |
| 24 | Marquette County | 19 | $2.7M | 0.7% | 16 | +3 |
| 25 | Chippewa County | 19 | $2.1M | 0.7% | 21 | -2 |
| 26 | Cass County | 18 | $8.3M | 0.7% | 14 | +4 |
| 27 | Bay County | 17 | $3.0M | 0.6% | 9 | +8 |
| 28 | Emmet County | 17 | $2.9M | 0.6% | 18 | -1 |
| 29 | Shiawassee County | 17 | $3.5M | 0.6% | 6 | +11 |
| 30 | Lapeer County | 15 | $1.7M | 0.6% | 21 | -6 |
| 31 | Midland County | 14 | $4.8M | 0.5% | 10 | +4 |
| 32 | Charlevoix County | 13 | $1.4M | 0.5% | 8 | +5 |
| 33 | Barry County | 12 | $2.2M | 0.5% | 17 | -5 |
| 34 | Montcalm County | 10 | $2.5M | 0.4% | 4 | +6 |
| 35 | Leelanau County | 9 | $1.4M | 0.3% | 14 | -5 |
| 36 | Newaygo County | 9 | $827K | 0.3% | 2 | +7 |
| 37 | Kalkaska County | 9 | $1.4M | 0.3% | 4 | +5 |
| 38 | Roscommon County | 8 | $2.0M | 0.3% | 3 | +5 |
| 39 | Dickinson County | 8 | $8.7M | 0.3% | 3 | +5 |
| 40 | Otsego County | 8 | $3.5M | 0.3% | 6 | +2 |
The 40 counties with the most approvals; every county is on the Michigan page.
FY2016 against FY2015
| Michigan | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 2,447 | 2,485 |
| 7(a) dollars | $681M | $660M |
| Median 7(a) approval | $100K | $90K |
| 504 approvals | 184 | 165 |
| 504 dollars | $116M | $86.6M |
| Jobs supported, as reported | 25,797 | 26,157 |
Questions and answers
Which lenders made the most SBA loans in Michigan in FY2016?
The Huntington National Bank (1,243), Fifth Third Bank (229), JPMorgan Chase Bank, National Association (124), Michigan Certified Development Corporation (110), Citizens Bank, National Association (93). 144 lenders had at least one approval.
How many SBA loans were approved in Michigan in FY2016?
2,631: 2,447 under 7(a) worth $681M and 184 under 504 worth $116M.
Which Michigan counties had the most SBA approvals in FY2016?
Oakland County (471), Wayne County (381), Macomb County (299), Kent County (286), Ottawa County (106).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error