SBA lending by metro area
SBA lenders in Alpena, MI
Which lenders fund Alpena-area businesses, how much, and how the market compares with Michigan: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
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How Alpena compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Alpena area | $208K ▲ 66.4% | 7.3% ▼ 0.9 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Alpena
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 17 | $12.2M |
| Accommodation and Food Services | 6 | $3.1M |
| Other Services | 6 | $2.7M |
| Health Care and Social Assistance | 7 | $2.7M |
| Construction | 7 | $2.3M |
| Transportation and Warehousing | 6 | $1.5M |
| Arts, Entertainment, Recreation | 5 | $852K |
SBA lending in Alpena by year
Geography, precisely
"Alpena area" here means the Alpena, MI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Alpena County, MI. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.