July 2026
The number of locally approved SBA loans in 2025 remained steady, from 45 in fiscal year 2024 to 43 last year, according to data provided by the SBA’s Michigan District Office.
The dollar value of those loans, however, fell sharply – from $28.2 million to $13.5 million, a drop of 52%. The decline was largely due to a few unusually large real estate and manufacturing loans that outsized the 2024 totals.
The average local SBA loan declined from approximately $627,000 in fiscal year 2024 to $314,000 in 2025.
The comparison covers federal fiscal years, which run from October 1 through September 30.
Huntington leads in number of loans
Huntington was Grand Traverse County’s most active SBA lender by number of loans for the second…
