SBA 7(a) lenders in Gratiot, MI
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
14 institutions have SBA 7(a) loans on record in Gratiot, together $21.7M across 84 loans. The Huntington National Bank is the largest, with 50% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 52 | $10.8M | 49.8% | 17.09% |
| 2 | Commercial Bank | 9 | $3.3M | 15.1% | 0.00% |
| 3 | Live Oak Banking Company | 2 | $1.6M | 7.2% | 0.00% |
| 4 | Old National Bank | 3 | $1.4M | 6.3% | 0.00% |
| 5 | First Western SBLC, LLC | 3 | $1.1M | 4.8% | 0.00% |
| 6 | Fifth Third Bank | 3 | $830K | 3.8% | 0.00% |
| 7 | Byline Bank | 1 | $730K | 3.4% | 0.00% |
| 8 | Mercantile Bank | 3 | $589K | 2.7% | 0.00% |
| 9 | Newtek Bank, National Association | 1 | $500K | 2.3% | 0.00% |
| 10 | First National Bank of America | 1 | $360K | 1.7% | 0.00% |
| 11 | KeyBank National Association | 1 | $206K | 0.9% | 0.00% |
| 12 | PNC Bank, National Association | 2 | $175K | 0.8% | 0.00% |
| 13 | 1st State Bank | 2 | $152K | 0.7% | 0.00% |
| 14 | BayFirst National Bank | 1 | $98K | 0.5% | 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 | 15 | $7.1M | 32.9% |
| 2 | Health care & social assistance | 10 | $4.8M | 22.3% |
| 3 | Retail trade | 12 | $4.0M | 18.6% |
| 4 | Manufacturing | 6 | $1.6M | 7.6% |
| 5 | Real estate & leasing | 2 | $1.6M | 7.2% |
| 6 | Transportation & warehousing | 19 | $1.2M | 5.5% |
| 7 | Arts, entertainment & recreation | 3 | $395K | 1.8% |
| 8 | Construction | 9 | $338K | 1.6% |
| 9 | Professional & technical services | 3 | $179K | 0.8% |
| 10 | Wholesale trade | 1 | $150K | 0.7% |
| 11 | Other services | 2 | $130K | 0.6% |
| 12 | Educational services | 1 | $98K | 0.5% |
| 13 | Manufacturing | 1 | $25K | 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.