SBA lending by state
SBA Lending in Michigan
In Michigan, SBA lenders funded 38,903 7(a) and 504 loans since FY2010, totaling $13.9B, an average of $358K 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, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Michigan
Ranked by SBA loans funded in Michigan since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Michigan loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Michigan shows “not reported,” never 0%.
See the full Michigan ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 18,479 | $3.3B | $181K | 2.86% |
| 2 | Fifth Third Bank | 1,796 | $841.5M | $469K | 2.28% |
| 3 | Michigan Certified Development Corporation | 1,744 | $1.1B | $658K | not reported |
| 4 | JPMorgan Chase Bank, National Association | 1,620 | $307.5M | $190K | 3.58% |
| 5 | Great Lakes Commercial Finance | 963 | $599.3M | $622K | not reported |
| 6 | ChoiceOne Bank | 749 | $409.7M | $547K | 0.27% |
| 7 | Citizens Bank, National Association | 621 | $119.8M | $193K | 4.03% |
| 8 | PNC Bank, National Association | 504 | $125.8M | $250K | 1.98% |
| 9 | Horizon Bank | 474 | $148.0M | $312K | 0.21% |
| 10 | Live Oak Banking Company | 434 | $558.8M | $1.3M | 0.69% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Michigan
An SBA 504 project in Michigan pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Michigan, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Michigan Certified Development Corporation | 1,727 | $1.1B |
| Great Lakes Commercial Finance | 963 | $599.3M |
| Oakland County Business Finance Corporation | 327 | $196.9M |
| SBA CLSC Servicing | 125 | $75.0M |
| Business Development Corporation (BDC) | 35 | $15.9M |
| West Central Partnership, Inc. | 5 | $4.9M |
| Community Development Corporation of Fort Wayne | 4 | $5.4M |
| Alloy Development Co., Inc. | 3 | $3.5M |
| Bay Area Employment Development Company | 2 | $1.7M |
| Premier Capital Corporation | 2 | $853K |
Showing the 10 CDCs most active on 504 loans in Michigan; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Michigan
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 4,765 | $2.4B |
| Manufacturing | 3,753 | $2.0B |
| Retail Trade | 5,024 | $1.9B |
| Health Care and Social Assistance | 3,268 | $1.3B |
| Other Services | 3,236 | $1.1B |
| Construction | 4,212 | $932.6M |
| Professional and Technical Services | 2,768 | $878.0M |
| Transportation and Warehousing | 5,128 | $652.8M |
Top cities for SBA loans in Michigan
Where SBA 7(a) and 504 borrowers in Michigan are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Grand Rapids | 2,295 | $740.0M |
| Detroit | 1,232 | $501.7M |
| Troy | 746 | $312.5M |
| Traverse City | 889 | $306.1M |
| Ann Arbor | 615 | $273.3M |
| Holland | 588 | $221.1M |
| Lansing | 572 | $212.2M |
| Livonia | 516 | $209.7M |
SBA lending by metro area in Michigan
Which lenders fund each Michigan market, with local loan sizes and industries.
- SBA lenders in Detroit, MI 17,703 loans
- SBA lenders in Grand Rapids, MI 6,614 loans
- SBA lenders in Lansing, MI 1,480 loans
- SBA lenders in Ann Arbor, MI 1,112 loans
- SBA lenders in Traverse City, MI 1,345 loans
- SBA lenders in Flint, MI 1,302 loans
- SBA lenders in South Bend, IN 1,155 loans
- SBA lenders in Kalamazoo, MI 886 loans
- SBA lenders in Niles, MI 554 loans
- SBA lenders in Muskegon, MI 598 loans
- SBA lenders in Saginaw, MI 558 loans
- SBA lenders in Battle Creek, MI 349 loans
- SBA lenders in Monroe, MI 472 loans
- SBA lenders in Jackson, MI 386 loans
- SBA lenders in Holland, MI 577 loans
- SBA lenders in Marinette, WI 261 loans
- SBA lenders in Adrian, MI 281 loans
- SBA lenders in Marquette, MI 225 loans
- SBA lenders in Owosso, MI 220 loans
- SBA lenders in Bay City, MI 249 loans
- SBA lenders in Midland, MI 206 loans
- SBA lenders in Petoskey, MI 210 loans
- SBA lenders in Iron Mountain, MI 97 loans
- SBA lenders in Cadillac, MI 161 loans
- SBA lenders in Sturgis, MI 120 loans
- SBA lenders in Escanaba, MI 87 loans
- SBA lenders in Sault Ste. Marie, MI 200 loans
- SBA lenders in Houghton, MI 81 loans
- SBA lenders in Ludington, MI 85 loans
- SBA lenders in Hillsdale, MI 98 loans
- SBA lenders in Coldwater, MI 103 loans
- SBA lenders in Mount Pleasant, MI 74 loans
- SBA lenders in Big Rapids, MI 88 loans
- SBA lenders in Alpena, MI 68 loans
- SBA lenders in Alma, MI 87 loans
SBA lending in Michigan by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1,610 | $474.8M |
| 2011 | 2,302 | $797.6M |
| 2012 | 2,074 | $723.9M |
| 2013 | 2,087 | $716.1M |
| 2014 | 2,346 | $691.2M |
| 2015 | 2,650 | $747.7M |
| 2016 | 2,628 | $794.5M |
| 2017 | 2,700 | $912.5M |
| 2018 | 2,724 | $810.9M |
| 2019 | 2,267 | $783.5M |
| 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 |
SBA lending in Michigan: frequently asked questions
How much SBA lending is there in Michigan?
SBA lenders funded 38,903 7(a) and 504 loans totaling $13.9B in Michigan in the public SBA data (as of 2026-03-31), an average of $358K per loan.
Who is the most active SBA lender in Michigan?
The Huntington National Bank is the most active SBA lender in Michigan in the public data, by loans funded.
What industries get the most SBA loans in Michigan?
The most-funded industry for SBA loans in Michigan is Accommodation and Food Services.
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