SBA 7(a) lenders in Newaygo, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
24 institutions have SBA 7(a) loans on record in Newaygo, together $34.4M across 144 loans. The Huntington National Bank is the largest, with 24% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 94 | $8.2M | 24.0% | 0.83% |
| 2 | Newtek Bank, National Association | 4 | $5.9M | 17.2% | 0.00% |
| 3 | Horizon Bank | 9 | $3.9M | 11.4% | 0.00% |
| 4 | Newtek Small Business Finance, Inc. | 2 | $3.2M | 9.4% | 0.00% |
| 5 | Fifth Third Bank | 5 | $2.7M | 7.8% | 0.00% |
| 6 | Isabella Bank | 1 | $2.0M | 5.8% | 0.00% |
| 7 | Live Oak Banking Company | 1 | $1.7M | 4.8% | 0.00% |
| 8 | Old National Bank | 2 | $1.4M | 4.1% | 0.00% |
| 9 | Lake-Osceola State Bank | 1 | $1.2M | 3.4% | 0.00% |
| 10 | ChoiceOne Bank | 4 | $869K | 2.5% | 0.00% |
| 11 | Independent Bank | 3 | $758K | 2.2% | 0.00% |
| 12 | Celtic Bank Corporation | 2 | $535K | 1.6% | 0.00% |
| 13 | Northeast Bank | 3 | $418K | 1.2% | 0.00% |
| 14 | Highpoint Community Bank | 2 | $345K | 1.0% | 0.00% |
| 15 | Legence Bank | 1 | $300K | 0.9% | 0.00% |
| 16 | 4Front Credit Union | 1 | $245K | 0.7% | 0.00% |
| 17 | Northern Great Lakes Initiatives | 2 | $196K | 0.6% | 0.00% |
| 18 | BayFirst National Bank | 1 | $150K | 0.4% | 0.00% |
| 19 | Opportunity Resource Fund | 1 | $100K | 0.3% | 0.00% |
| 20 | West Shore Bank | 1 | $90K | 0.3% | 0.00% |
| 21 | Readycap Lending, LLC | 1 | $50K | 0.1% | 0.00% |
| 22 | West Michigan Community Bank | 1 | $40K | 0.1% | 0.00% |
| 23 | JPMorgan Chase Bank, National Association | 1 | $25K | 0.1% | 0.00% |
| 24 | PNC Bank, National Association | 1 | $11K | 0.0% | 97.78% |
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 | Other services | 12 | $6.4M | 18.7% |
| 2 | Transportation & warehousing | 17 | $4.8M | 13.9% |
| 3 | Administrative & waste services | 9 | $4.6M | 13.4% |
| 4 | Retail trade | 11 | $3.7M | 10.8% |
| 5 | Manufacturing | 7 | $3.6M | 10.5% |
| 6 | Wholesale trade | 3 | $3.3M | 9.7% |
| 7 | Construction | 31 | $2.4M | 6.9% |
| 8 | Accommodation & food services | 10 | $2.2M | 6.5% |
| 9 | Manufacturing | 8 | $812K | 2.4% |
| 10 | Manufacturing | 3 | $810K | 2.4% |
| 11 | Professional & technical services | 7 | $605K | 1.8% |
| 12 | Agriculture, forestry & fishing | 7 | $519K | 1.5% |
| 13 | Retail trade | 7 | $180K | 0.5% |
| 14 | Health care & social assistance | 5 | $155K | 0.5% |
| 15 | Real estate & leasing | 4 | $94K | 0.3% |
| 16 | Finance & insurance | 1 | $72K | 0.2% |
| 17 | Arts, entertainment & recreation | 2 | $23K | 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.