SBA lending by metro area
SBA lenders in Traverse City, MI
Which lenders fund Traverse City-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 Traverse City area
Ranked by SBA volume funded to businesses located in the Traverse City 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 | 494 | $115.5M | $234K | 1.62% |
| 2 | Great Lakes Commercial Finance | 172 | $71.2M | $414K | not reported |
| 3 | Michigan Certified Development Corporation | 71 | $35.8M | $504K | not reported |
| 4 | Independent Bank | 116 | $26.3M | $227K | 0.00% |
| 5 | Honor Bank | 130 | $24.4M | $187K | 0.00% |
| 6 | Nicolet National Bank | 44 | $23.4M | $532K | 0.00% |
| 7 | Old National Bank | 11 | $22.5M | $2.0M | not reported |
| 8 | 4Front Credit Union | 47 | $12.0M | $256K | 2.13% |
| 9 | Bank of Ann Arbor | 24 | $10.8M | $451K | 0.00% |
| 10 | West Shore Bank | 19 | $10.6M | $555K | 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 Traverse City compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Traverse City area | $150K ▲ 20.0% | 18.2% ▲ 10.0 pts |
| Michigan | $125K | 8.3% |
| United States | $179K | 11.2% |
What gets funded in Traverse City
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 181 | $97.1M |
| Accommodation and Food Services | 160 | $78.9M |
| Retail Trade | 210 | $61.4M |
| Health Care and Social Assistance | 110 | $33.0M |
| Construction | 161 | $26.8M |
| Other Services | 89 | $25.1M |
| Arts, Entertainment, Recreation | 44 | $25.1M |
| Administrative and Support | 65 | $23.6M |
SBA lending in Traverse City by year
Geography, precisely
"Traverse City area" here means the Traverse City, MI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Benzie County, MI; Grand Traverse County, MI; Kalkaska County, MI; Leelanau 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.