SBA lending by metro area
SBA lenders in Grand Rapids, MI
Which lenders fund Grand Rapids-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 Grand Rapids area
Ranked by SBA volume funded to businesses located in the Grand Rapids 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 | 4,077 | $638.7M | $157K | 2.80% |
| 2 | Great Lakes Commercial Finance | 452 | $269.4M | $596K | not reported |
| 3 | Michigan Certified Development Corporation | 193 | $147.6M | $765K | not reported |
| 4 | Fifth Third Bank | 266 | $121.7M | $458K | 0.38% |
| 5 | Live Oak Banking Company | 60 | $76.7M | $1.3M | 0.00% |
| 6 | Old National Bank | 136 | $62.0M | $456K | 2.94% |
| 7 | ChoiceOne Bank | 88 | $39.5M | $448K | 1.14% |
| 8 | JPMorgan Chase Bank, National Association | 124 | $32.6M | $263K | 3.23% |
| 9 | Independent Bank | 41 | $29.8M | $727K | 2.44% |
| 10 | PNC Bank, National Association | 86 | $26.3M | $305K | 1.16% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Grand Rapids compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Grand Rapids area | $100K ▼ 20.0% | 10.0% ▲ 1.8 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Grand Rapids
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 814 | $368.1M |
| Accommodation and Food Services | 606 | $233.9M |
| Retail Trade | 609 | $192.9M |
| Health Care and Social Assistance | 417 | $174.9M |
| Construction | 767 | $173.2M |
| Professional and Technical Services | 432 | $156.5M |
| Transportation and Warehousing | 1,344 | $151.1M |
| Other Services | 480 | $139.7M |
SBA lending in Grand Rapids by year
Geography, precisely
"Grand Rapids area" here means the Grand Rapids-Wyoming-Kentwood, MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Barry County, MI; Ionia County, MI; Kent County, MI; Montcalm County, MI; Ottawa 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.