SBA lending by district
SBA lending in MI-02
SBA 7(a) and 504 financing in Michigan's 2nd 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
- 6,154
- Total funded
- $1.9B
- Average loan
- $315K
- 7(a) charge-off
- 2.6%
Borrowers in Michigan's 2nd district took 6,154 SBA loans worth $1.9B since FY2010, averaging $315K. Of the 5,561 7(a) loans, 2.6% have charged off. See the rest of Michigan.
SBA funded volume by fiscal year
Top SBA lenders in MI-02
- 1. The Huntington National Bank $610.5M
- 2. Great Lakes Commercial Finance $246.5M
- 3. Michigan Certified Development Corporation $143.7M
- 4. Fifth Third Bank $113.2M
- 5. Live Oak Banking Company $84.1M
- 6. Old National Bank $60.0M
- 7. ChoiceOne Bank $49.8M
- 8. Independent Bank $31.9M
- 9. JPMorgan Chase Bank, National Association $28.3M
- 10. PNC Bank, National Association $26.9M
Method. SBA 7(a) and 504 loans the SBA recorded in MI-02,
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.