SBA lending by metro area
SBA lenders in Detroit, MI
Which lenders fund Detroit-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 Detroit area
Ranked by SBA volume funded to businesses located in the Detroit 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 | 8,475 | $1.6B | $186K | 3.13% |
| 2 | Fifth Third Bank | 1,057 | $483.6M | $457K | 2.55% |
| 3 | Michigan Certified Development Corporation | 651 | $457.3M | $702K | not reported |
| 4 | Live Oak Banking Company | 187 | $261.5M | $1.4M | 0.53% |
| 5 | ChoiceOne Bank | 290 | $209.4M | $722K | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 1,132 | $205.7M | $182K | 3.80% |
| 7 | Oakland County Business Finance Corporation | 295 | $175.3M | $594K | not reported |
| 8 | First Merchants Bank | 321 | $170.5M | $531K | 3.12% |
| 9 | First Internet Bank of Indiana | 119 | $163.8M | $1.4M | 0.00% |
| 10 | Great Lakes Commercial Finance | 108 | $127.6M | $1.2M | 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 Detroit compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Detroit area | $120K ▼ 4.0% | 6.5% ▼ 1.7 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Detroit
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 2,355 | $974.5M |
| Accommodation and Food Services | 1,937 | $962.7M |
| Manufacturing | 1,411 | $832.2M |
| Health Care and Social Assistance | 1,555 | $646.5M |
| Other Services | 1,481 | $500.2M |
| Professional and Technical Services | 1,437 | $444.3M |
| Construction | 1,715 | $390.3M |
| Transportation and Warehousing | 2,724 | $324.8M |
SBA lending in Detroit by year
Geography, precisely
"Detroit area" here means the Detroit-Warren-Dearborn, MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Lapeer County, MI; Livingston County, MI; Macomb County, MI; Oakland County, MI; St. Clair County, MI; Wayne 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.