SBA 7(a) lenders in Otsego, MI
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
20 institutions have SBA 7(a) loans on record in Otsego, together $53.8M across 144 loans. The Huntington National Bank is the largest, with 42% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 90 | $22.8M | 42.4% | 6.39% |
| 2 | Fifth Third Bank | 3 | $5.3M | 9.9% | 0.00% |
| 3 | GBank | 2 | $4.6M | 8.6% | 0.00% |
| 4 | Bank of Ann Arbor | 6 | $3.4M | 6.3% | 0.00% |
| 5 | Nicolet National Bank | 14 | $3.3M | 6.1% | 2.86% |
| 6 | Huron Community Bank | 4 | $2.5M | 4.7% | 0.00% |
| 7 | Shoreham Bank | 1 | $2.5M | 4.6% | 0.00% |
| 8 | Columbia Bank | 1 | $2.1M | 4.0% | 0.00% |
| 9 | Horizon Bank | 4 | $1.6M | 3.0% | 0.00% |
| 10 | Hanmi Bank | 1 | $925K | 1.7% | 0.00% |
| 11 | Live Oak Banking Company | 2 | $840K | 1.6% | 0.00% |
| 12 | United Midwest Savings Bank National Association | 1 | $658K | 1.2% | 0.00% |
| 13 | Celtic Bank Corporation | 1 | $607K | 1.1% | 0.00% |
| 14 | Independent Bank | 2 | $525K | 1.0% | 0.00% |
| 15 | Banc of California | 1 | $472K | 0.9% | 0.00% |
| 16 | BayFirst National Bank | 2 | $404K | 0.8% | 0.00% |
| 17 | Cornhusker Bank | 1 | $350K | 0.7% | 0.00% |
| 18 | Northern Great Lakes Initiatives | 4 | $317K | 0.6% | 0.00% |
| 19 | 4Front Credit Union | 3 | $309K | 0.6% | 0.00% |
| 20 | Alden State Bank | 1 | $225K | 0.4% | 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 | 21 | $15.5M | 28.8% |
| 2 | Retail trade | 15 | $8.8M | 16.4% |
| 3 | Construction | 29 | $8.2M | 15.2% |
| 4 | Manufacturing | 8 | $4.3M | 7.9% |
| 5 | Health care & social assistance | 12 | $3.8M | 7.1% |
| 6 | Retail trade | 8 | $2.8M | 5.3% |
| 7 | Other services | 15 | $2.5M | 4.6% |
| 8 | Transportation & warehousing | 9 | $2.0M | 3.7% |
| 9 | Arts, entertainment & recreation | 3 | $1.7M | 3.2% |
| 10 | Wholesale trade | 5 | $1.7M | 3.1% |
| 11 | Information | 2 | $680K | 1.3% |
| 12 | Administrative & waste services | 7 | $578K | 1.1% |
| 13 | Transportation & warehousing | 2 | $449K | 0.8% |
| 14 | Real estate & leasing | 2 | $358K | 0.7% |
| 15 | Professional & technical services | 3 | $265K | 0.5% |
| 16 | Mining & extraction | 1 | $180K | 0.3% |
| 17 | Finance & insurance | 1 | $50K | 0.1% |
| 18 | Educational services | 1 | $23K | 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.