One bank, one county, small tickets

Owosso, MI is Shiawassee County alone, a micropolitan area that appears 353rd of 928 by loan count, with 161 loans and $60.0 million approved across FY2017 to FY2026. Shiawassee County's median loan is $135,000, only 0.65x the national median, with $50,000 and $350,000 marking the edges of the central half. Only 6.2% carry a franchise brand. Of the total, 151 are 7(a) and 10 are 504, so a borrower looking for real estate financing under the larger programme finds very little local history.

The Huntington National Bank holds 76 of the 7(a) loans, worth $13.8 million, which is far above every other name in SBA's record. ChoiceOne Bank follows with 17 loans worth $9.4 million, a much higher dollar total per loan, then Northeast Bank (ME) with 6 loans worth $988,600, Horizon Bank with 6 worth $682,000 and Live Oak Banking Company with 5 worth $7.0 million. The entries tell a reader which institutions currently hold or once held loans in Shiawassee County; how any of them weighs a request is something only the institution can say.

A short class list

Few tracked classes register at all. Limited-service restaurant has 9 loans and full-service restaurant 7, while 126 loans belong to none of the classes. A study for a use outside those two will find no class precedent in this record and will need to build demand evidence from the site and its trade area.

At least 8.3% of the approvals dated FY2017 through FY2024 were cancelled. Loan Analytics withholds the matching ceiling for this area, and its charge-off rate, because the groups of loans behind them are too small; this page supplies neither, and neither is nil. Yearly approvals reached 25 loans in FY2017, bottomed at 9 in FY2020 and came back to 23 in FY2024, while dollars peaked at $13.3 million in FY2018.

What the Shiawassee County study has to show

Because the whole record is local and small, a study must carry the evidentiary weight. It should document demand in the county for the proposed use, set construction or purchase cost against loans well under the national median, and run debt service coverage on conservative assumptions, since no loss rate is published to lean on. Valuation is the last test. Shiawassee County is assigned under the 2023 delineation. Nothing printed on this page commits any lender or promises any borrower an outcome.

SBA loans in the Owosso, MI Micro Area

Loans approved, FY2017 to FY2026	161
Gross dollars approved	$60.0 million
Median loan	$135,000
Middle half of loans, from	$50,000
Middle half of loans, to	$350,000
SBA 7(a) loans	151
SBA 504 loans	10
Franchise share of loans	6.2%
Rank among metro and micro areas by loans	353 of 928
Median loan against the national median	0.65x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	8.3%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Owosso, MI Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	25	$3.9 million
FY2018	17	$13.3 million
FY2019	18	$8.3 million
FY2020	9	$4.9 million
FY2021	10	$5.6 million
FY2022	16	$6.1 million
FY2023	15	$3.0 million
FY2024	23	$5.4 million
FY2025	21	$7.5 million
FY2026	7	$2.1 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	126
Limited-service restaurant	9
Full-service restaurant	7

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
The Huntington National Bank	76	$13.8 million
ChoiceOne Bank	17	$9.4 million
Northeast Bank (ME)	6	$988,600
Horizon Bank	6	$682,000
Live Oak Banking Company	5	$7.0 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Shiawassee County, MI	161

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-37020.

Related feasibility study pages

Worked examples

Worked Example: SBA 504 Owner-Occupied Retail Feasibility Study in Michigan

A worked example of the feasibility study a lender would read for an owner-occupied retail project in Michigan, financed with an SBA 504 loan.

State: Michigan · Asset: Owner-occupied retail · Program: SBA 504

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Owosso, MI Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Owosso, MI Micro Area