SBA lending by metro area
SBA lenders in Ludington, MI
Which lenders fund Ludington-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 Ludington area
Ranked by SBA volume funded to businesses located in the Ludington 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 | The Huntington National Bank | 32 | $12.9M | $403K | 0.00% |
| 2 | West Shore Bank | 24 | $12.7M | $528K | 0.00% |
| 3 | Great Lakes Commercial Finance | 6 | $5.1M | $843K | 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 Ludington compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Ludington area | $350K ▲ 180.0% | 12.9% ▲ 4.7 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Ludington
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 23 | $10.4M |
| Accommodation and Food Services | 15 | $9.8M |
| Transportation and Warehousing | 6 | $4.5M |
| Other Services | 6 | $3.7M |
| Health Care and Social Assistance | 7 | $3.6M |
| Professional and Technical Services | 5 | $3.6M |
| Construction | 7 | $1.3M |
SBA lending in Ludington by year
Geography, precisely
"Ludington area" here means the Ludington, MI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Mason 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.