FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Michigan, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 2,266 loans in Michigan: 2,107 under 7(a) and 159 under 504, worth $785M.
That is down 17% on FY2018, when there were 2,721 approvals worth $813M.
Michigan accounted for 3.9% of the 58,006 approvals nationwide that year. 127 lenders had at least one approval in the state; The Huntington National Bank had the most, 1,149.
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 FY2019, of 127 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 1,149 | $199M | 50.7% | 1,530 | -381 |
| 2 | Fifth Third Bank | 7(a) | 112 | $34.6M | 4.9% | 119 | -7 |
| 3 | Michigan Certified Development Corporation | 504 | 103 | $70.0M | 4.5% | 90 | +13 |
| 4 | ChoiceOne Bank | 7(a) | 56 | $19.4M | 2.5% | 56 | 0 |
| 5 | JPMorgan Chase Bank, National Association | 7(a) | 52 | $17.4M | 2.3% | 83 | -31 |
| 6 | Citizens Bank, National Association | 7(a) | 42 | $15.1M | 1.9% | 75 | -33 |
| 7 | BayFirst National Bank | 7(a) | 42 | $9.8M | 1.9% | 19 | +23 |
| 8 | PNC Bank, National Association | 7(a) | 39 | $7.0M | 1.7% | 37 | +2 |
| 9 | Byline Bank | 7(a) | 38 | $37.2M | 1.7% | 18 | +20 |
| 10 | Newtek Small Business Finance, Inc. | 7(a) | 38 | $22.5M | 1.7% | 18 | +20 |
| 11 | Great Lakes Commercial Finance | 504 | 37 | $25.7M | 1.6% | 61 | -24 |
| 12 | Celtic Bank Corporation | 7(a) | 28 | $13.4M | 1.2% | 32 | -4 |
| 13 | Live Oak Banking Company | 7(a) | 23 | $40.2M | 1.0% | 20 | +3 |
| 14 | KeyBank National Association | 7(a) | 23 | $12.5M | 1.0% | 15 | +8 |
| 15 | United Midwest Savings Bank National Association | 7(a) | 23 | $3.1M | 1.0% | 12 | +11 |
| 16 | Nicolet National Bank | 7(a) | 20 | $14.7M | 0.9% | 17 | +3 |
| 17 | Horizon Bank | 7(a) | 18 | $3.5M | 0.8% | 31 | -13 |
| 18 | Oxford Bank | 7(a) | 17 | $12.3M | 0.8% | 27 | -10 |
| 19 | Independence Bank | 7(a) | 16 | $2.4M | 0.7% | 18 | -2 |
| 20 | Bank of Ann Arbor | 7(a) | 15 | $9.3M | 0.7% | 11 | +4 |
| 21 | Stearns Bank National Association | 7(a) | 15 | $4.6M | 0.7% | 11 | +4 |
| 22 | First Merchants Bank | 7(a) | 13 | $7.8M | 0.6% | 22 | -9 |
| 23 | CASE CU | 7(a) | 13 | $919K | 0.6% | 3 | +10 |
| 24 | Oakland County Business Finance Corporation | 504 | 12 | $7.3M | 0.5% | 16 | -4 |
| 25 | 4Front Credit Union | 7(a) | 12 | $1.6M | 0.5% | 5 | +7 |
| 26 | IncredibleBank | 7(a) | 11 | $7.5M | 0.5% | 6 | +5 |
| 27 | Wells Fargo Bank National Association | 7(a) | 10 | $5.8M | 0.4% | 11 | -1 |
| 28 | Northeast Bank | 7(a) | 10 | $1.4M | 0.4% | 25 | -15 |
| 29 | Community Choice CU | 7(a) | 10 | $908K | 0.4% | 3 | +7 |
| 30 | Superior National Bank | 7(a) | 8 | $6.9M | 0.4% | 6 | +2 |
| 31 | BankUnited, National Association | 7(a) | 8 | $6.5M | 0.4% | 14 | -6 |
| 32 | Independent Bank | 7(a) | 8 | $5.0M | 0.4% | 5 | +3 |
| 33 | First National Bank of Michigan | 7(a) | 8 | $3.1M | 0.4% | 1 | +7 |
| 34 | Honor Bank | 7(a) | 8 | $1.9M | 0.4% | 7 | +1 |
| 35 | Seacoast National Bank | 7(a) | 8 | $955K | 0.4% | 0 | new |
| 36 | Consumers Credit Union | 7(a) | 7 | $2.8M | 0.3% | 4 | +3 |
| 37 | United FCU | 7(a) | 7 | $2.2M | 0.3% | 7 | 0 |
| 38 | Lake Trust CU | 7(a) | 7 | $1.7M | 0.3% | 6 | +1 |
| 39 | Genisys CU | 7(a) | 6 | $2.1M | 0.3% | 3 | +3 |
| 40 | 1st State Bank | 7(a) | 6 | $1.9M | 0.3% | 3 | +3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Oakland County | 385 | $161M | 17.0% | 437 | -52 |
| 2 | Wayne County | 302 | $91.7M | 13.3% | 421 | -119 |
| 3 | Kent County | 290 | $70.8M | 12.8% | 297 | -7 |
| 4 | Macomb County | 272 | $89.9M | 12.0% | 332 | -60 |
| 5 | Ottawa County | 102 | $34.8M | 4.5% | 108 | -6 |
| 6 | Genesee County | 75 | $32.7M | 3.3% | 89 | -14 |
| 7 | Ingham County | 70 | $23.7M | 3.1% | 60 | +10 |
| 8 | Washtenaw County | 63 | $20.4M | 2.8% | 64 | -1 |
| 9 | Grand Traverse County | 55 | $16.1M | 2.4% | 60 | -5 |
| 10 | Kalamazoo County | 43 | $15.2M | 1.9% | 49 | -6 |
| 11 | Allegan County | 38 | $8.7M | 1.7% | 45 | -7 |
| 12 | Saginaw County | 38 | $21.8M | 1.7% | 32 | +6 |
| 13 | Livingston County | 34 | $13.4M | 1.5% | 52 | -18 |
| 14 | St. Clair County | 33 | $15.3M | 1.5% | 34 | -1 |
| 15 | Berrien County | 29 | $11.6M | 1.3% | 44 | -15 |
| 16 | Monroe County | 23 | $10.4M | 1.0% | 31 | -8 |
| 17 | Muskegon County | 21 | $4.8M | 0.9% | 45 | -24 |
| 18 | Calhoun County | 19 | $11.9M | 0.8% | 24 | -5 |
| 19 | Marquette County | 19 | $7.3M | 0.8% | 8 | +11 |
| 20 | Shiawassee County | 18 | $8.3M | 0.8% | 17 | +1 |
| 21 | Bay County | 15 | $4.4M | 0.7% | 7 | +8 |
| 22 | Jackson County | 15 | $2.9M | 0.7% | 29 | -14 |
| 23 | Clinton County | 15 | $1.5M | 0.7% | 16 | -1 |
| 24 | Lapeer County | 14 | $6.6M | 0.6% | 10 | +4 |
| 25 | Lenawee County | 13 | $1.2M | 0.6% | 13 | 0 |
| 26 | Ionia County | 12 | $3.3M | 0.5% | 18 | -6 |
| 27 | Midland County | 11 | $3.1M | 0.5% | 19 | -8 |
| 28 | Eaton County | 10 | $7.8M | 0.4% | 35 | -25 |
| 29 | Leelanau County | 9 | $4.8M | 0.4% | 19 | -10 |
| 30 | Emmet County | 9 | $1.3M | 0.4% | 15 | -6 |
| 31 | Otsego County | 9 | $3.7M | 0.4% | 10 | -1 |
| 32 | St. Joseph County | 9 | $2.0M | 0.4% | 7 | +2 |
| 33 | Mason County | 9 | $5.5M | 0.4% | 8 | +1 |
| 34 | Newaygo County | 8 | $2.3M | 0.4% | 13 | -5 |
| 35 | Van Buren County | 8 | $3.2M | 0.4% | 19 | -11 |
| 36 | Huron County | 8 | $4.5M | 0.4% | 3 | +5 |
| 37 | Chippewa County | 8 | $1.4M | 0.4% | 8 | 0 |
| 38 | Wexford County | 8 | $675K | 0.4% | 11 | -3 |
| 39 | Barry County | 7 | $1.9M | 0.3% | 17 | -10 |
| 40 | Hillsdale County | 7 | $740K | 0.3% | 10 | -3 |
The 40 counties with the most approvals; every county is on the Michigan page.
FY2019 against FY2018
| Michigan | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 2,107 | 2,551 |
| 7(a) dollars | $675M | $709M |
| Median 7(a) approval | $100K | $75K |
| 504 approvals | 159 | 170 |
| 504 dollars | $109M | $105M |
| Jobs supported, as reported | 19,531 | 21,633 |
Questions and answers
Which lenders made the most SBA loans in Michigan in FY2019?
The Huntington National Bank (1,149), Fifth Third Bank (112), Michigan Certified Development Corporation (103), ChoiceOne Bank (56), JPMorgan Chase Bank, National Association (52). 127 lenders had at least one approval.
How many SBA loans were approved in Michigan in FY2019?
2,266: 2,107 under 7(a) worth $675M and 159 under 504 worth $109M.
Which Michigan counties had the most SBA approvals in FY2019?
Oakland County (385), Wayne County (302), Kent County (290), Macomb County (272), Ottawa County (102).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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