SBA lending by metro area
SBA lenders in Petoskey, MI
Which lenders fund Petoskey-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 Petoskey area
Ranked by SBA volume funded to businesses located in the Petoskey 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 | 119 | $26.2M | $220K | 1.68% |
| 2 | Great Lakes Commercial Finance | 7 | $8.5M | $1.2M | not reported |
| 3 | Fifth Third Bank | 10 | $4.6M | $460K | not reported |
| 4 | Citizens National Bank of Cheboygan | 13 | $4.2M | $320K | not reported |
| 5 | Michigan Certified Development Corporation | 8 | $3.2M | $406K | not reported |
| 6 | 4Front Credit Union | 7 | $2.6M | $377K | not reported |
| 7 | JPMorgan Chase Bank, National Association | 8 | $1.6M | $196K | not reported |
| 8 | Northern Great Lakes Initiatives | 8 | $1.5M | $191K | 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 Petoskey compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Petoskey area | $110K ▼ 12.4% | 7.1% ▼ 1.1 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Petoskey
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 53 | $19.7M |
| Construction | 40 | $12.1M |
| Health Care and Social Assistance | 27 | $8.3M |
| Retail Trade | 28 | $7.1M |
| Manufacturing | 14 | $4.7M |
| Other Services | 15 | $3.0M |
| Arts, Entertainment, Recreation | 6 | $2.3M |
| Administrative and Support | 6 | $1.5M |
SBA lending in Petoskey by year
Geography, precisely
"Petoskey area" here means the Petoskey, MI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Emmet 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.