SBA lending by metro area
SBA lenders in Houghton, MI
Which lenders fund Houghton-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 Houghton area
Ranked by SBA volume funded to businesses located in the Houghton micropolitan 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 | Superior National Bank | 16 | $12.4M | $774K | not reported |
| 2 | The Huntington National Bank | 24 | $7.1M | $296K | 0.00% |
| 3 | IncredibleBank | 13 | $7.1M | $544K | not reported |
| 4 | Michigan Certified Development Corporation | 5 | $6.1M | $1.2M | not reported |
| 5 | Range Bank | 6 | $3.3M | $545K | 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 Houghton compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Houghton area | $210K ▲ 68.0% | 6.2% ▼ 2.1 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Houghton
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 18 | $15.6M |
| Professional and Technical Services | 8 | $7.2M |
| Retail Trade | 10 | $5.4M |
| Arts, Entertainment, Recreation | 8 | $5.1M |
| Construction | 9 | $1.2M |
SBA lending in Houghton by year
Geography, precisely
"Houghton area" here means the Houghton, MI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Houghton County, MI; Keweenaw 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.