SBA lending by state
SBA Lending in Michigan
In Michigan, SBA lenders funded 17,636 7(a) and 504 loans totaling $7.6B, an average of $433K per loan. The most active lender is The Huntington National Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
17,636
Total volume
$7.6B
Average loan size
$433K
Most active SBA lenders in Michigan
| Lender | Loans | Total volume |
|---|---|---|
| The Huntington National Bank | 7,435 | $1.2B |
| Michigan Certified Development Corporation | 1,744 | $1.1B |
| Great Lakes Commercial Finance | 963 | $599.3M |
| Fifth Third Bank | 602 | $348.9M |
| Live Oak Banking Company | 262 | $344.7M |
| ChoiceOne Bank | 454 | $288.6M |
| First Internet Bank of Indiana | 158 | $214.7M |
| Oakland County Business Finance Corporation | 327 | $196.9M |
Top industries funded in Michigan
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 2,231 | $1.3B |
| Retail Trade | 2,157 | $1.1B |
| Manufacturing | 1,563 | $942.2M |
| Health Care and Social Assistance | 1,542 | $771.8M |
| Construction | 2,229 | $611.8M |
| Other Services | 1,599 | $591.9M |
| Professional and Technical Services | 1,226 | $470.7M |
| Wholesale Trade | 639 | $332.4M |
SBA lending in Michigan by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 207 | $92.5M |
| 2011 | 239 | $108.9M |
| 2012 | 333 | $176.6M |
| 2013 | 259 | $143.9M |
| 2014 | 205 | $90.4M |
| 2015 | 165 | $86.6M |
| 2016 | 184 | $116.3M |
| 2017 | 202 | $139.9M |
| 2018 | 170 | $102.1M |
| 2019 | 157 | $107.7M |
| 2020 | 1,891 | $725.8M |
| 2021 | 2,390 | $1.2B |
| 2022 | 2,330 | $982.4M |
| 2023 | 2,625 | $923.7M |
| 2024 | 2,838 | $1.1B |
| 2025 | 2,622 | $1.1B |
| 2026 | 819 | $431.3M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.