SBA lending by metro area
SBA lenders in Sault Ste. Marie, MI
Which lenders fund Sault Ste. Marie-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 Sault Ste. Marie area
Ranked by SBA volume funded to businesses located in the Sault Ste. Marie 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 | 4Front Credit Union | 112 | $16.2M | $145K | 3.57% |
| 2 | Nicolet National Bank | 13 | $7.0M | $537K | not reported |
| 3 | Central Savings Bank | 7 | $5.6M | $794K | not reported |
| 4 | Michigan Certified Development Corporation | 10 | $2.6M | $260K | not reported |
| 5 | The Huntington National Bank | 43 | $1.8M | $42K | 2.33% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Sault Ste. Marie compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Sault Ste. Marie area | $78K ▼ 37.6% | 4.5% ▼ 3.8 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Sault Ste. Marie
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 40 | $14.2M |
| Accommodation and Food Services | 33 | $10.8M |
| Manufacturing | 19 | $3.4M |
| Other Services | 18 | $2.7M |
| Professional and Technical Services | 15 | $2.5M |
| Real Estate | 11 | $1.8M |
| Health Care and Social Assistance | 8 | $1.2M |
| Construction | 16 | $1.0M |
SBA lending in Sault Ste. Marie by year
Geography, precisely
"Sault Ste. Marie area" here means the Sault Ste. Marie, MI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Chippewa 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.