SBA 7(a) lenders in Leelanau, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
25 institutions have SBA 7(a) loans on record in Leelanau, together $63.9M across 141 loans. The Huntington National Bank is the largest, with 35% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 73 | $22.5M | 35.2% | 1.64% |
| 2 | Old National Bank | 4 | $9.8M | 15.4% | 0.00% |
| 3 | Nicolet National Bank | 8 | $5.5M | 8.5% | 0.00% |
| 4 | Lake Michigan CU | 2 | $4.3M | 6.6% | 0.00% |
| 5 | KeyBank National Association | 2 | $4.2M | 6.6% | 0.00% |
| 6 | TBA CU | 1 | $3.1M | 4.8% | 0.00% |
| 7 | Chelsea State Bank | 1 | $1.9M | 3.0% | 0.00% |
| 8 | 4Front Credit Union | 8 | $1.6M | 2.5% | 1.75% |
| 9 | Colony Bank | 2 | $1.6M | 2.4% | 0.00% |
| 10 | Independent Bank | 8 | $1.5M | 2.3% | 0.00% |
| 11 | North State Bank | 1 | $1.3M | 2.0% | 0.00% |
| 12 | First National Bank of Pennsylvania | 1 | $1.2M | 1.8% | 0.00% |
| 13 | Live Oak Banking Company | 1 | $1.1M | 1.7% | 0.00% |
| 14 | West Shore Bank | 3 | $978K | 1.5% | 0.00% |
| 15 | State Savings Bank | 1 | $708K | 1.1% | 0.00% |
| 16 | Lender 58140 | 1 | $655K | 1.0% | 0.00% |
| 17 | JPMorgan Chase Bank, National Association | 3 | $476K | 0.7% | 0.00% |
| 18 | Byline Bank | 1 | $450K | 0.7% | 0.00% |
| 19 | BayFirst National Bank | 2 | $275K | 0.4% | 0.00% |
| 20 | Five Star Bank | 1 | $275K | 0.4% | 0.00% |
| 21 | Bank of Ann Arbor | 3 | $265K | 0.4% | 0.00% |
| 22 | Honor Bank | 7 | $185K | 0.3% | 0.00% |
| 23 | Fifth Third Bank | 4 | $102K | 0.2% | 0.00% |
| 24 | Team One CU | 1 | $100K | 0.2% | 0.00% |
| 25 | Celtic Bank Corporation | 2 | $81K | 0.1% | 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 | Manufacturing | 7 | $15.2M | 23.8% |
| 2 | Accommodation & food services | 15 | $11.4M | 17.8% |
| 3 | Retail trade | 27 | $9.8M | 15.4% |
| 4 | Manufacturing | 14 | $9.3M | 14.6% |
| 5 | Administrative & waste services | 8 | $6.4M | 9.9% |
| 6 | Real estate & leasing | 7 | $3.7M | 5.8% |
| 7 | Health care & social assistance | 7 | $1.4M | 2.3% |
| 8 | Arts, entertainment & recreation | 5 | $1.3M | 2.0% |
| 9 | Retail trade | 10 | $1.0M | 1.6% |
| 10 | Other services | 9 | $939K | 1.5% |
| 11 | Construction | 13 | $861K | 1.3% |
| 12 | Wholesale trade | 4 | $685K | 1.1% |
| 13 | Agriculture, forestry & fishing | 3 | $622K | 1.0% |
| 14 | Manufacturing | 3 | $618K | 1.0% |
| 15 | Professional & technical services | 7 | $354K | 0.6% |
| 16 | Transportation & warehousing | 1 | $199K | 0.3% |
| 17 | Educational services | 1 | $150K | 0.2% |
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.