FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Michigan, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 2,700 loans in Michigan: 2,498 under 7(a) and 202 under 504, worth $912M.
That is about level with FY2016, when there were 2,631 approvals worth $797M.
Michigan accounted for 3.9% of the 68,648 approvals nationwide that year. 134 lenders had at least one approval in the state; The Huntington National Bank had the most, 1,286.
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 FY2017, of 134 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 1,286 | $231M | 47.6% | 1,243 | +43 |
| 2 | Fifth Third Bank | 7(a) | 174 | $62.6M | 6.4% | 229 | -55 |
| 3 | Michigan Certified Development Corporation | 504 | 116 | $88.1M | 4.3% | 110 | +6 |
| 4 | Citizens Bank, National Association | 7(a) | 116 | $17.1M | 4.3% | 93 | +23 |
| 5 | JPMorgan Chase Bank, National Association | 7(a) | 100 | $15.7M | 3.7% | 124 | -24 |
| 6 | Great Lakes Commercial Finance | 504 | 58 | $33.3M | 2.1% | 49 | +9 |
| 7 | Celtic Bank Corporation | 7(a) | 45 | $23.4M | 1.7% | 44 | +1 |
| 8 | Horizon Bank | 7(a) | 44 | $12.7M | 1.6% | 33 | +11 |
| 9 | ChoiceOne Bank | 7(a) | 36 | $15.6M | 1.3% | 33 | +3 |
| 10 | BankUnited, National Association | 7(a) | 35 | $26.1M | 1.3% | 1 | +34 |
| 11 | Live Oak Banking Company | 7(a) | 34 | $52.7M | 1.3% | 22 | +12 |
| 12 | PNC Bank, National Association | 7(a) | 31 | $8.8M | 1.1% | 34 | -3 |
| 13 | Oakland County Business Finance Corporation | 504 | 23 | $14.0M | 0.9% | 21 | +2 |
| 14 | BayFirst National Bank | 7(a) | 23 | $5.3M | 0.9% | 13 | +10 |
| 15 | 1st Source Bank | 7(a) | 23 | $1.8M | 0.9% | 17 | +6 |
| 16 | Nicolet National Bank | 7(a) | 21 | $15.1M | 0.8% | 10 | +11 |
| 17 | Byline Bank | 7(a) | 19 | $20.9M | 0.7% | 9 | +10 |
| 18 | First Merchants Bank | 7(a) | 19 | $7.8M | 0.7% | 35 | -16 |
| 19 | KeyBank National Association | 7(a) | 19 | $6.4M | 0.7% | 18 | +1 |
| 20 | Highpoint Community Bank | 7(a) | 18 | $2.5M | 0.7% | 5 | +13 |
| 21 | 4Front Credit Union | 7(a) | 17 | $2.1M | 0.6% | 16 | +1 |
| 22 | Oxford Bank | 7(a) | 16 | $13.7M | 0.6% | 6 | +10 |
| 23 | Bank of Ann Arbor | 7(a) | 16 | $9.8M | 0.6% | 18 | -2 |
| 24 | First National Bank of Michigan | 7(a) | 16 | $4.4M | 0.6% | 6 | +10 |
| 25 | Flagstar Bank National Association | 7(a) | 16 | $2.2M | 0.6% | 9 | +7 |
| 26 | Wells Fargo Bank National Association | 7(a) | 15 | $12.9M | 0.6% | 24 | -9 |
| 27 | Lake Trust CU | 7(a) | 13 | $7.1M | 0.5% | 5 | +8 |
| 28 | Newtek Small Business Finance, Inc. | 7(a) | 12 | $4.2M | 0.4% | 11 | +1 |
| 29 | Credit Union One | 7(a) | 12 | $3.5M | 0.4% | 27 | -15 |
| 30 | Old National Bank | 7(a) | 11 | $10.0M | 0.4% | 8 | +3 |
| 31 | Capitol National Bank | 7(a) | 11 | $3.2M | 0.4% | 19 | -8 |
| 32 | Northern Great Lakes Initiatives | 7(a) | 11 | $1.4M | 0.4% | 11 | 0 |
| 33 | United Midwest Savings Bank National Association | 7(a) | 10 | $9.3M | 0.4% | 2 | +8 |
| 34 | Independence Bank | 7(a) | 10 | $825K | 0.4% | 5 | +5 |
| 35 | County National Bank | 7(a) | 9 | $2.9M | 0.3% | 7 | +2 |
| 36 | Michigan State University Federal Credit Union | 7(a) | 9 | $1.9M | 0.3% | 17 | -8 |
| 37 | Honor Bank | 7(a) | 9 | $1.5M | 0.3% | 11 | -2 |
| 38 | Superior National Bank | 7(a) | 8 | $11.5M | 0.3% | 7 | +1 |
| 39 | Stearns Bank National Association | 7(a) | 8 | $2.2M | 0.3% | 16 | -8 |
| 40 | Team One CU | 7(a) | 8 | $1.5M | 0.3% | 8 | 0 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Oakland County | 473 | $193M | 17.5% | 471 | +2 |
| 2 | Wayne County | 380 | $115M | 14.1% | 381 | -1 |
| 3 | Kent County | 319 | $93.1M | 11.8% | 286 | +33 |
| 4 | Macomb County | 306 | $97.8M | 11.3% | 299 | +7 |
| 5 | Ottawa County | 105 | $32.0M | 3.9% | 106 | -1 |
| 6 | Genesee County | 91 | $24.2M | 3.4% | 64 | +27 |
| 7 | Kalamazoo County | 69 | $24.8M | 2.6% | 64 | +5 |
| 8 | Ingham County | 63 | $19.5M | 2.3% | 62 | +1 |
| 9 | Washtenaw County | 62 | $26.0M | 2.3% | 87 | -25 |
| 10 | Grand Traverse County | 61 | $14.7M | 2.3% | 55 | +6 |
| 11 | Livingston County | 52 | $27.0M | 1.9% | 51 | +1 |
| 12 | Muskegon County | 38 | $12.8M | 1.4% | 42 | -4 |
| 13 | Berrien County | 36 | $15.7M | 1.3% | 38 | -2 |
| 14 | Saginaw County | 31 | $16.9M | 1.1% | 24 | +7 |
| 15 | Monroe County | 31 | $3.2M | 1.1% | 35 | -4 |
| 16 | Allegan County | 28 | $6.2M | 1.0% | 47 | -19 |
| 17 | Van Buren County | 28 | $10.7M | 1.0% | 22 | +6 |
| 18 | Calhoun County | 27 | $13.8M | 1.0% | 21 | +6 |
| 19 | Jackson County | 26 | $10.3M | 1.0% | 23 | +3 |
| 20 | Shiawassee County | 25 | $3.9M | 0.9% | 17 | +8 |
| 21 | St. Clair County | 23 | $7.4M | 0.9% | 30 | -7 |
| 22 | Eaton County | 23 | $7.1M | 0.9% | 26 | -3 |
| 23 | Bay County | 22 | $5.4M | 0.8% | 17 | +5 |
| 24 | Marquette County | 21 | $7.1M | 0.8% | 19 | +2 |
| 25 | Lapeer County | 20 | $4.3M | 0.7% | 15 | +5 |
| 26 | Clinton County | 19 | $7.0M | 0.7% | 24 | -5 |
| 27 | Barry County | 18 | $2.0M | 0.7% | 12 | +6 |
| 28 | Lenawee County | 15 | $6.7M | 0.6% | 23 | -8 |
| 29 | Chippewa County | 15 | $1.4M | 0.6% | 19 | -4 |
| 30 | Ionia County | 13 | $1.2M | 0.5% | 4 | +9 |
| 31 | Charlevoix County | 13 | $3.2M | 0.5% | 13 | 0 |
| 32 | Tuscola County | 12 | $3.7M | 0.4% | 3 | +9 |
| 33 | Montcalm County | 12 | $5.8M | 0.4% | 10 | +2 |
| 34 | Cass County | 12 | $1.6M | 0.4% | 18 | -6 |
| 35 | Gratiot County | 11 | $4.5M | 0.4% | 6 | +5 |
| 36 | Mecosta County | 10 | $7.2M | 0.4% | 2 | +8 |
| 37 | Hillsdale County | 10 | $1.3M | 0.4% | 2 | +8 |
| 38 | Newaygo County | 9 | $6.5M | 0.3% | 9 | 0 |
| 39 | Branch County | 9 | $1.4M | 0.3% | 6 | +3 |
| 40 | Leelanau County | 8 | $7.6M | 0.3% | 9 | -1 |
The 40 counties with the most approvals; every county is on the Michigan page.
FY2017 against FY2016
| Michigan | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 2,498 | 2,447 |
| 7(a) dollars | $772M | $681M |
| Median 7(a) approval | $100K | $100K |
| 504 approvals | 202 | 184 |
| 504 dollars | $140M | $116M |
| Jobs supported, as reported | 25,820 | 25,797 |
Questions and answers
Which lenders made the most SBA loans in Michigan in FY2017?
The Huntington National Bank (1,286), Fifth Third Bank (174), Michigan Certified Development Corporation (116), Citizens Bank, National Association (116), JPMorgan Chase Bank, National Association (100). 134 lenders had at least one approval.
How many SBA loans were approved in Michigan in FY2017?
2,700: 2,498 under 7(a) worth $772M and 202 under 504 worth $140M.
Which Michigan counties had the most SBA approvals in FY2017?
Oakland County (473), Wayne County (380), Kent County (319), Macomb County (306), Ottawa County (105).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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