SBA lending by district
SBA lending in MI-08
SBA 7(a) and 504 financing in Michigan's 8th 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
- 3,026
- Total funded
- $1.3B
- Average loan
- $416K
- 7(a) charge-off
- 2.4%
Borrowers in Michigan's 8th district took 3,026 SBA loans worth $1.3B since FY2010, averaging $416K. Of the 2,745 7(a) loans, 2.4% have charged off. See the rest of Michigan.
SBA funded volume by fiscal year
Top SBA lenders in MI-08
- 1. The Huntington National Bank $256.5M
- 2. Michigan Certified Development Corporation $113.6M
- 3. Fifth Third Bank $85.0M
- 4. Live Oak Banking Company $61.1M
- 5. ChoiceOne Bank $59.1M
- 6. Oakland County Business Finance Corporation $49.5M
- 7. JPMorgan Chase Bank, National Association $47.2M
- 8. First Merchants Bank $39.8M
- 9. Great Lakes Commercial Finance $37.4M
- 10. Oxford Bank $30.9M
Method. SBA 7(a) and 504 loans the SBA recorded in MI-08,
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.