SBA lending by metro area
SBA lenders in Ann Arbor, MI
Which lenders fund Ann Arbor-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
Top SBA lenders in the Ann Arbor area
Ranked by SBA volume funded to businesses located in the Ann Arbor metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 374 | $63.3M | $169K | 1.87% |
| 2 | Old National Bank | 54 | $55.5M | $1.0M | 1.85% |
| 3 | Michigan Certified Development Corporation | 91 | $54.7M | $601K | not reported |
| 4 | Fifth Third Bank | 68 | $51.4M | $756K | 2.94% |
| 5 | Chelsea State Bank | 46 | $20.5M | $446K | 6.52% |
| 6 | Bank Michigan | 25 | $18.0M | $722K | 4.00% |
| 7 | KeyBank National Association | 39 | $15.8M | $404K | 2.56% |
| 8 | Live Oak Banking Company | 14 | $15.0M | $1.1M | not reported |
| 9 | First Internet Bank of Indiana | 10 | $13.1M | $1.3M | not reported |
| 10 | Great Lakes Commercial Finance | 14 | $10.9M | $779K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Ann Arbor compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Ann Arbor area | $151K ▲ 20.5% | 10.1% ▲ 1.8 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Ann Arbor
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 181 | $84.6M |
| Retail Trade | 156 | $80.7M |
| Health Care and Social Assistance | 126 | $51.7M |
| Manufacturing | 74 | $47.3M |
| Other Services | 99 | $35.9M |
| Professional and Technical Services | 94 | $33.9M |
| Construction | 101 | $28.8M |
| Arts, Entertainment, Recreation | 31 | $28.3M |
SBA lending in Ann Arbor by year
Geography, precisely
"Ann Arbor area" here means the Ann Arbor, MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Washtenaw 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.