SBA lending by metro area
SBA lenders in Monroe, MI
Which lenders fund Monroe-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 Monroe area
Ranked by SBA volume funded to businesses located in the Monroe 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 | 256 | $55.5M | $217K | 4.30% |
| 2 | Byline Bank | 8 | $9.6M | $1.2M | not reported |
| 3 | KeyBank National Association | 28 | $9.0M | $321K | 3.57% |
| 4 | Celtic Bank Corporation | 14 | $8.9M | $639K | not reported |
| 5 | Fifth Third Bank | 10 | $7.1M | $710K | not reported |
| 6 | Michigan Certified Development Corporation | 11 | $6.8M | $617K | not reported |
| 7 | Live Oak Banking Company | 7 | $6.5M | $929K | not reported |
| 8 | First Merchants Bank | 22 | $5.7M | $258K | 0.00% |
| 9 | Great Lakes Commercial Finance | 11 | $4.8M | $436K | not reported |
| 10 | Old National Bank | 9 | $4.7M | $521K | 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 Monroe compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Monroe area | $104K ▼ 16.8% | 5.7% ▼ 2.5 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Monroe
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 70 | $38.6M |
| Manufacturing | 53 | $35.4M |
| Accommodation and Food Services | 50 | $26.8M |
| Other Services | 39 | $12.8M |
| Health Care and Social Assistance | 21 | $12.2M |
| Arts, Entertainment, Recreation | 27 | $11.7M |
| Construction | 82 | $7.8M |
| Professional and Technical Services | 22 | $5.6M |
SBA lending in Monroe by year
Geography, precisely
"Monroe area" here means the Monroe, MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Monroe 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.