FY2026 to date1 Oct 2025 – 30 Jun 2026
SBA loans in Michigan, FY2026
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.
So far in FY2026 (1 October 2025 to 30 Jun 2026) SBA approved 1,229 loans in Michigan: 1,139 under 7(a) and 90 under 504, worth $663M.
The fiscal year is still open, so these counts will grow with each quarterly release.
Michigan accounted for 2.7% of the 45,283 approvals nationwide that year. 131 lenders had at least one approval in the state; The Huntington National Bank had the most, 380.
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 FY2026, of 131 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 380 | $77.3M | 30.9% | 1,080 | — |
| 2 | Newtek Bank, National Association | 7(a) | 81 | $19.6M | 6.6% | 103 | — |
| 3 | Northeast Bank | 7(a) | 60 | $11.5M | 4.9% | 154 | — |
| 4 | Fifth Third Bank | 7(a) | 59 | $37.5M | 4.8% | 85 | — |
| 5 | Michigan Certified Development Corporation | 504 | 46 | $51.0M | 3.7% | 65 | — |
| 6 | Live Oak Banking Company | 7(a) | 43 | $43.6M | 3.5% | 48 | — |
| 7 | Great Lakes Commercial Finance | 504 | 37 | $31.0M | 3.0% | 58 | — |
| 8 | Independent Bank | 7(a) | 27 | $22.2M | 2.2% | 50 | — |
| 9 | ChoiceOne Bank | 7(a) | 27 | $18.2M | 2.2% | 34 | — |
| 10 | Oxford Bank | 7(a) | 19 | $6.3M | 1.5% | 23 | — |
| 11 | JPMorgan Chase Bank, National Association | 7(a) | 19 | $5.9M | 1.5% | 39 | — |
| 12 | Readycap Lending, LLC | 7(a) | 18 | $4.0M | 1.5% | 74 | — |
| 13 | Lake Michigan CU | 7(a) | 16 | $19.5M | 1.3% | 11 | — |
| 14 | United FCU | 7(a) | 16 | $17.8M | 1.3% | 22 | — |
| 15 | United Midwest Savings Bank National Association | 7(a) | 16 | $4.4M | 1.3% | 26 | — |
| 16 | Celtic Bank Corporation | 7(a) | 15 | $8.7M | 1.2% | 48 | — |
| 17 | Horizon Bank | 7(a) | 15 | $4.9M | 1.2% | 59 | — |
| 18 | Old National Bank | 7(a) | 14 | $12.1M | 1.1% | 18 | — |
| 19 | Community Choice CU | 7(a) | 12 | $12.6M | 1.0% | 19 | — |
| 20 | Chelsea State Bank | 7(a) | 12 | $10.7M | 1.0% | 3 | — |
| 21 | KeyBank National Association | 7(a) | 12 | $7.5M | 1.0% | 19 | — |
| 22 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 12 | $2.3M | 1.0% | 4 | — |
| 23 | First Internet Bank of Indiana | 7(a) | 10 | $12.2M | 0.8% | 29 | — |
| 24 | 4Front Credit Union | 7(a) | 10 | $2.6M | 0.8% | 19 | — |
| 25 | PNC Bank, National Association | 7(a) | 9 | $955K | 0.7% | 14 | — |
| 26 | Bank Michigan | 7(a) | 8 | $9.4M | 0.7% | 8 | — |
| 27 | Byline Bank | 7(a) | 7 | $9.7M | 0.6% | 10 | — |
| 28 | The Bancorp Bank National Association | 7(a) | 6 | $5.5M | 0.5% | 4 | — |
| 29 | LAF CU | 7(a) | 6 | $5.1M | 0.5% | 14 | — |
| 30 | TowneBank | 7(a) | 6 | $3.0M | 0.5% | 7 | — |
| 31 | Michigan Certified Development Corporation | 7(a) | 6 | $772K | 0.5% | 8 | — |
| 32 | First Merchants Bank | 7(a) | 5 | $4.9M | 0.4% | 18 | — |
| 33 | DFCU Financial | 7(a) | 5 | $3.9M | 0.4% | 10 | — |
| 34 | Omni Community Credit Union | 7(a) | 5 | $2.7M | 0.4% | 8 | — |
| 35 | Bank of America, National Association | 7(a) | 5 | $2.0M | 0.4% | 15 | — |
| 36 | Eaton Community Bank | 7(a) | 5 | $1.8M | 0.4% | 3 | — |
| 37 | Grand River Bank | 7(a) | 5 | $1.4M | 0.4% | 2 | — |
| 38 | 1st State Bank | 7(a) | 5 | $1.2M | 0.4% | 13 | — |
| 39 | Lendistry SBLC, LLC | 7(a) | 5 | $663K | 0.4% | 19 | — |
| 40 | Citizens Bank | 7(a) | 4 | $4.9M | 0.3% | 6 | — |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|
| 1 | Oakland County | 232 | $113M | 18.9% | 515 | — |
| 2 | Wayne County | 196 | $120M | 15.9% | 427 | — |
| 3 | Kent County | 113 | $50.9M | 9.2% | 237 | — |
| 4 | Macomb County | 104 | $56.0M | 8.5% | 245 | — |
| 5 | Ottawa County | 60 | $29.8M | 4.9% | 91 | — |
| 6 | Washtenaw County | 40 | $28.5M | 3.3% | 87 | — |
| 7 | Genesee County | 40 | $28.3M | 3.3% | 90 | — |
| 8 | Kalamazoo County | 38 | $22.4M | 3.1% | 44 | — |
| 9 | Livingston County | 30 | $23.6M | 2.4% | 52 | — |
| 10 | Grand Traverse County | 29 | $12.7M | 2.4% | 43 | — |
| 11 | Allegan County | 21 | $13.3M | 1.7% | 35 | — |
| 12 | Ingham County | 21 | $13.2M | 1.7% | 77 | — |
| 13 | Saginaw County | 20 | $12.1M | 1.6% | 32 | — |
| 14 | Monroe County | 17 | $15.1M | 1.4% | 33 | — |
| 15 | Muskegon County | 16 | $8.1M | 1.3% | 31 | — |
| 16 | Lapeer County | 14 | $4.3M | 1.1% | 13 | — |
| 17 | St. Clair County | 13 | $2.8M | 1.1% | 32 | — |
| 18 | Jackson County | 13 | $3.2M | 1.1% | 41 | — |
| 19 | Bay County | 12 | $4.7M | 1.0% | 18 | — |
| 20 | Ionia County | 11 | $6.1M | 0.9% | 13 | — |
| 21 | Calhoun County | 10 | $4.4M | 0.8% | 30 | — |
| 22 | Berrien County | 10 | $5.6M | 0.8% | 35 | — |
| 23 | Emmet County | 10 | $4.4M | 0.8% | 22 | — |
| 24 | Barry County | 10 | $3.0M | 0.8% | 11 | — |
| 25 | Clinton County | 10 | $3.8M | 0.8% | 17 | — |
| 26 | St. Joseph County | 10 | $3.6M | 0.8% | 9 | — |
| 27 | Midland County | 9 | $4.6M | 0.7% | 12 | — |
| 28 | Eaton County | 9 | $5.8M | 0.7% | 18 | — |
| 29 | Cass County | 8 | $1.7M | 0.7% | 12 | — |
| 30 | Montcalm County | 6 | $1.2M | 0.5% | 20 | — |
| 31 | Branch County | 6 | $6.8M | 0.5% | 4 | — |
| 32 | Van Buren County | 6 | $8.1M | 0.5% | 27 | — |
| 33 | Marquette County | 5 | $2.1M | 0.4% | 4 | — |
| 34 | Lenawee County | 5 | $863K | 0.4% | 14 | — |
| 35 | Otsego County | 5 | $2.1M | 0.4% | 7 | — |
| 36 | Shiawassee County | 5 | $1.6M | 0.4% | 21 | — |
| 37 | Newaygo County | 4 | $2.8M | 0.3% | 15 | — |
| 38 | Charlevoix County | 4 | $2.4M | 0.3% | 8 | — |
| 39 | Houghton County | 4 | $1.2M | 0.3% | 6 | — |
| 40 | Gladwin County | 4 | $3.1M | 0.3% | 2 | — |
The 40 counties with the most approvals; every county is on the Michigan page.
FY2026 against FY2025
| Michigan | FY2026 to date | FY2025 |
|---|---|---|
| 7(a) approvals | 1,139 | 2,481 |
| 7(a) dollars | $575M | $982M |
| Median 7(a) approval | $207K | $150K |
| 504 approvals | 90 | 144 |
| 504 dollars | $87.5M | $135M |
| Jobs supported, as reported | 11,169 | 24,749 |
Questions and answers
Which lenders made the most SBA loans in Michigan in FY2026?
The Huntington National Bank (380), Newtek Bank, National Association (81), Northeast Bank (60), Fifth Third Bank (59), Michigan Certified Development Corporation (46). 131 lenders had at least one approval.
How many SBA loans were approved in Michigan in FY2026?
1,229 to 30 Jun 2026: 1,139 under 7(a) worth $575M and 90 under 504 worth $87.5M.
Which Michigan counties had the most SBA approvals in FY2026?
Oakland County (232), Wayne County (196), Kent County (113), Macomb County (104), Ottawa County (60).
When does FY2026 start and end?
The federal fiscal year 2026 runs from 1 October 2025 to 30 September 2026. The files used here stop at 30 Jun 2026.
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