PPP loans in Michigan

Michigan, as of September 30, 2024

$24.1 billion

Approved

$24,128,547,594

As each loan now stands in SBA’s file.

3.0%

Share of the program

Of the $792.6 billion approved nationally, as each loan now stands.

291,523

Loans

220,153 first draws and 71,370 second draws.

90.3%

Forgiven

263,329 of 291,523 loans carry a forgiveness amount, $23.4 billion in all.

6.7%

Charged off

19,530 of 291,523 loans, approved for $470.3 million. That is the loans' size, not what SBA lost.

Every county in Michigan, as SBA names it

The county is SBA’s name for where the business operates. A loan SBA filed with no county is counted under “Not stated” rather than left out.

Michigan elsewhere on the Factbook

• Reported crimeCrime and justice

  Offenses reported to police by type, the trend, and the reporting coverage.

• Cities by violent crime rateCrime and justice

  What each agency serving 25,000 or more reported, ranked. Agency populations overlap, so these do not add up to the state.

• Prison populationCrime and justice

  People held under the state’s correctional authority, and the imprisonment rate. A different publisher counting a different thing.

• Arrests by race, sex and ageCrime and justice

  Arrests as the FBI’s participating agencies reported them, with what the figures can and cannot support at the top.

• Hate crimeCrime and justice

  Incidents reported to the FBI by bias motivation, as counts — the collection publishes no participation share, so there is no rate to compare states on.

• Federal obligationsFederal spending

  What federal agencies obligated against a place of performance in the state, per resident and by agency.

• Registered nonprofitsNonprofits

  How many organizations the IRS lists in the state, what they report as revenue, and which kinds of work they do.

• Payments to doctorsHealth

  What drug and device companies reported paying doctors with a practice address in the state, and the largest recipients.

• Immigration courtsImmigration and the border

  The EOIR courts sitting in the state, what they completed and still have pending, and how far apart their asylum grant rates are. The courts, not the state’s residents: a detention court hears cases from far outside it.

• Farm program paymentsFarm subsidies

  What the Farm Service Agency paid through the state’s county offices, by program and by recipient. The offices that administered the payments, not a count of farms: a recipient addressed elsewhere is counted where they were paid.

• The Michigan Factbook entryAcross the Factbook

  Every measure the Factbook publishes for this state in one place, each with where it ranks among the others and the record it came from.

The immigration link above is EOIR’s courts, which sit in this state. CBP’s encounters are not by state and will not be: its sectors and field offices are areas of responsibility rather than a geography, and assigning them to states would be a claim the data does not make. Immigration and the border.