SBA lending by district
SBA lending in MI-01
SBA 7(a) and 504 financing in Michigan's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 3,457
- Total funded
- $1.3B
- Average loan
- $376K
- 7(a) charge-off
- 2.7%
Borrowers in Michigan's 1st district took 3,457 SBA loans worth $1.3B since FY2010, averaging $376K. Of the 3,078 7(a) loans, 2.7% have charged off. See the rest of Michigan.
SBA funded volume by fiscal year
Top SBA lenders in MI-01
- 1. The Huntington National Bank $273.9M
- 2. Nicolet National Bank $129.4M
- 3. Michigan Certified Development Corporation $97.6M
- 4. Great Lakes Commercial Finance $91.7M
- 5. 4Front Credit Union $40.9M
- 6. Bank of Ann Arbor $38.4M
- 7. Independent Bank $37.7M
- 8. West Shore Bank $32.5M
- 9. Live Oak Banking Company $29.0M
- 10. IncredibleBank $28.9M
Method. SBA 7(a) and 504 loans the SBA recorded in MI-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.