SBA lending by metro area
SBA lenders in Muskegon, MI
Which lenders fund Muskegon-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 Muskegon area
Ranked by SBA volume funded to businesses located in the Muskegon 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 | 353 | $70.1M | $199K | 2.83% |
| 2 | Michigan Certified Development Corporation | 23 | $19.7M | $857K | not reported |
| 3 | ChoiceOne Bank | 38 | $18.1M | $477K | 2.63% |
| 4 | Fifth Third Bank | 37 | $17.9M | $484K | 2.70% |
| 5 | Great Lakes Commercial Finance | 24 | $15.5M | $647K | not reported |
| 6 | Live Oak Banking Company | 12 | $13.1M | $1.1M | not reported |
| 7 | Old National Bank | 10 | $11.1M | $1.1M | not reported |
| 8 | Celtic Bank Corporation | 10 | $10.1M | $1.0M | not reported |
| 9 | West Shore Bank | 15 | $7.9M | $529K | not reported |
| 10 | Independent Bank | 6 | $4.6M | $766K | 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 Muskegon compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Muskegon area | $133K ▲ 6.2% | 7.9% |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Muskegon
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 90 | $60.4M |
| Retail Trade | 85 | $31.9M |
| Accommodation and Food Services | 78 | $28.3M |
| Other Services | 76 | $23.0M |
| Health Care and Social Assistance | 48 | $18.6M |
| Construction | 70 | $15.1M |
| Professional and Technical Services | 30 | $12.1M |
| Administrative and Support | 25 | $6.4M |
SBA lending in Muskegon by year
Geography, precisely
"Muskegon area" here means the Muskegon-Norton Shores, MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Muskegon 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.