Geography · SBA lending record
SBA lenders in Michigan
8,935 SBA 7(a) loans in the last five years, from 233 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in MI | Typical loan | Typical rate |
|---|---|---|---|
| The Huntington National Bank | 4,483 | $56k | P+2.18 |
| Fifth Third Bank | 395 | $245k | P+1.46 |
| ChoiceOne Bank | 270 | $305k | P+1.19 |
| Newtek Bank, National Association | 180 | $200k | P+3.42 |
| Live Oak Banking Company | 174 | $775k | P+1.68 |
| Readycap Lending, LLC | 152 | $104k | P+4.54 |
| JPMorgan Chase Bank, National Association | 150 | $200k | P+3.45 |
| BayFirst National Bank | 140 | $150k | P+4.13 |
| Northeast Bank | 131 | $95k | P+2.98 |
| Horizon Bank | 130 | $251k | P+0.95 |
The Huntington National Bank alone writes 50% of the SBA loans in Michigan. That is worth knowing both ways — they clearly know this market, and you should still get a second quote, because a dominant lender has little reason to sharpen its pencil.
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
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Compare all lenders → Check your eligibility → Find your industry →
SBA lending in other states
States with comparable volume, plus the three largest markets.