SBA lending by district
SBA lending in MI-03
SBA 7(a) and 504 financing in Michigan's 3rd 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
- 2,184
- Total funded
- $745.1M
- Average loan
- $341K
- 7(a) charge-off
- 3.1%
Borrowers in Michigan's 3rd district took 2,184 SBA loans worth $745.1M since FY2010, averaging $341K. Of the 1,971 7(a) loans, 3.1% have charged off. See the rest of Michigan.
SBA funded volume by fiscal year
Top SBA lenders in MI-03
- 1. The Huntington National Bank $157.5M
- 2. Michigan Certified Development Corporation $77.5M
- 3. Great Lakes Commercial Finance $55.2M
- 4. Fifth Third Bank $55.0M
- 5. Live Oak Banking Company $37.8M
- 6. Kellogg Community CU $22.9M
- 7. Old National Bank $14.6M
- 8. Highpoint Community Bank $14.5M
- 9. Shoreham Bank $13.4M
- 10. Horizon Bank $13.0M
Method. SBA 7(a) and 504 loans the SBA recorded in MI-03,
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.