SBA 7(a) lenders in Chippewa, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
16 institutions have SBA 7(a) loans on record in Chippewa, together $48.9M across 209 loans. 4Front Credit Union is the largest, with 36% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | 4Front Credit Union | 125 | $17.5M | 35.8% | 0.95% |
| 2 | Nicolet National Bank | 13 | $7.0M | 14.3% | 0.00% |
| 3 | Newtek Small Business Finance, Inc. | 2 | $6.3M | 13.0% | 0.00% |
| 4 | Central Savings Bank | 7 | $5.6M | 11.4% | 0.00% |
| 5 | Shoreham Bank | 2 | $4.2M | 8.6% | 0.00% |
| 6 | Live Oak Banking Company | 3 | $3.1M | 6.4% | 0.00% |
| 7 | The Huntington National Bank | 43 | $1.8M | 3.7% | 0.27% |
| 8 | Merchants Bank of Indiana | 1 | $900K | 1.8% | 0.00% |
| 9 | PNC Bank, National Association | 3 | $647K | 1.3% | 40.68% |
| 10 | TD Bank, National Association | 1 | $400K | 0.8% | 0.00% |
| 11 | IncredibleBank | 2 | $359K | 0.7% | 0.00% |
| 12 | Lendistry SBLC, LLC | 2 | $333K | 0.7% | 0.00% |
| 13 | Northern Great Lakes Initiatives | 2 | $325K | 0.7% | 0.00% |
| 14 | Michigan Certified Development Corporation | 1 | $144K | 0.3% | 0.00% |
| 15 | Bank of Ann Arbor | 1 | $115K | 0.2% | 0.00% |
| 16 | Wells Fargo Bank National Association | 1 | $113K | 0.2% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 32 | $10.8M | 22.1% |
| 2 | Retail trade | 22 | $10.3M | 21.1% |
| 3 | Information | 2 | $6.3M | 13.0% |
| 4 | Retail trade | 20 | $3.5M | 7.2% |
| 5 | Other services | 19 | $2.6M | 5.3% |
| 6 | Professional & technical services | 15 | $2.4M | 4.9% |
| 7 | Manufacturing | 10 | $2.3M | 4.7% |
| 8 | Real estate & leasing | 12 | $1.8M | 3.8% |
| 9 | Construction | 19 | $1.3M | 2.6% |
| 10 | Manufacturing | 7 | $1.2M | 2.5% |
| 11 | Agriculture, forestry & fishing | 4 | $1.2M | 2.4% |
| 12 | Health care & social assistance | 7 | $1.0M | 2.1% |
| 13 | Transportation & warehousing | 16 | $823K | 1.7% |
| 14 | Arts, entertainment & recreation | 5 | $818K | 1.7% |
| 15 | Manufacturing | 6 | $679K | 1.4% |
| 16 | Finance & insurance | 4 | $612K | 1.3% |
| 17 | Mining & extraction | 2 | $384K | 0.8% |
| 18 | Wholesale trade | 2 | $375K | 0.8% |
| 19 | Administrative & waste services | 4 | $367K | 0.8% |
| 20 | Educational services | 1 | $9K | 0.0% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.