SBA 7(a) lenders in Emmet, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
23 institutions have SBA 7(a) loans on record in Emmet, together $56.3M across 206 loans. The Huntington National Bank is the largest, with 46% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 119 | $26.2M | 46.5% | 0.69% |
| 2 | Fifth Third Bank | 10 | $4.6M | 8.2% | 7.16% |
| 3 | Citizens National Bank of Cheboygan | 13 | $4.2M | 7.4% | 0.00% |
| 4 | Live Oak Banking Company | 3 | $3.6M | 6.5% | 0.00% |
| 5 | Independent Bank | 2 | $2.9M | 5.2% | 0.00% |
| 6 | 4Front Credit Union | 9 | $2.8M | 5.0% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 12 | $1.7M | 3.1% | 0.00% |
| 8 | Northern Great Lakes Initiatives | 8 | $1.5M | 2.7% | 0.00% |
| 9 | Bank of Ann Arbor | 1 | $1.4M | 2.4% | 0.00% |
| 10 | Merchants Bank of Indiana | 2 | $1.2M | 2.2% | 0.00% |
| 11 | Lender 2582371 | 1 | $1.2M | 2.1% | 0.00% |
| 12 | Nicolet National Bank | 3 | $886K | 1.6% | 0.00% |
| 13 | PNC Bank, National Association | 4 | $676K | 1.2% | 0.00% |
| 14 | Horizon Bank | 1 | $675K | 1.2% | 0.00% |
| 15 | Honor Bank | 2 | $650K | 1.2% | 0.00% |
| 16 | Readycap Lending, LLC | 2 | $531K | 0.9% | 0.00% |
| 17 | Western State Bank | 2 | $450K | 0.8% | 0.00% |
| 18 | Stearns Bank National Association | 1 | $363K | 0.6% | 0.00% |
| 19 | Celtic Bank Corporation | 2 | $300K | 0.5% | 0.00% |
| 20 | Northeast Bank | 1 | $210K | 0.4% | 0.00% |
| 21 | Newtek Bank, National Association | 3 | $140K | 0.2% | 0.00% |
| 22 | VelocitySBA, LLC | 4 | $43K | 0.1% | 89.60% |
| 23 | Independence Bank | 1 | $25K | 0.0% | 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 | 50 | $13.8M | 24.5% |
| 2 | Construction | 40 | $12.1M | 21.6% |
| 3 | Health care & social assistance | 28 | $8.0M | 14.2% |
| 4 | Other services | 16 | $4.1M | 7.3% |
| 5 | Retail trade | 13 | $3.7M | 6.7% |
| 6 | Manufacturing | 9 | $3.6M | 6.4% |
| 7 | Manufacturing | 5 | $3.2M | 5.8% |
| 8 | Retail trade | 12 | $1.6M | 2.8% |
| 9 | Administrative & waste services | 6 | $1.5M | 2.8% |
| 10 | Professional & technical services | 6 | $1.1M | 1.9% |
| 11 | Arts, entertainment & recreation | 5 | $834K | 1.5% |
| 12 | Finance & insurance | 1 | $515K | 0.9% |
| 13 | Real estate & leasing | 1 | $476K | 0.8% |
| 14 | Manufacturing | 1 | $466K | 0.8% |
| 15 | Transportation & warehousing | 1 | $458K | 0.8% |
| 16 | Wholesale trade | 2 | $380K | 0.7% |
| 17 | Educational services | 4 | $195K | 0.3% |
| 18 | Transportation & warehousing | 4 | $130K | 0.2% |
| 19 | Information | 2 | $66K | 0.1% |
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.