SBA lending by district
SBA lending in MI-05
SBA 7(a) and 504 financing in Michigan's 5th 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
- 1,704
- Total funded
- $575.6M
- Average loan
- $338K
- 7(a) charge-off
- 2.6%
Borrowers in Michigan's 5th district took 1,704 SBA loans worth $575.6M since FY2010, averaging $338K. Of the 1,576 7(a) loans, 2.6% have charged off. See the rest of Michigan.
SBA funded volume by fiscal year
Top SBA lenders in MI-05
- 1. The Huntington National Bank $139.3M
- 2. ChoiceOne Bank $84.8M
- 3. Michigan Certified Development Corporation $53.3M
- 4. Live Oak Banking Company $28.9M
- 5. JPMorgan Chase Bank, National Association $21.5M
- 6. Fifth Third Bank $15.2M
- 7. 1st State Bank $14.2M
- 8. Oxford Bank $13.7M
- 9. Shoreham Bank $11.3M
- 10. Newtek Small Business Finance, Inc. $9.1M
Method. SBA 7(a) and 504 loans the SBA recorded in MI-05,
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.