--- title: SBA 7(a) Lenders in Michigan: 197 Made Loans in 3 Years url: https://lender.report/sba-7a-lenders/michigan/ license: https://lender.report/license/ --- SBA 7(a) ยท MI # SBA 7(a) lenders in Michigan 197 lenders made at least one SBA 7(a) loan in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 2,678 of the 5,914 on record. **Evidence** Lender recorded at least one SBA 7(a) loan to a business in Michigan in the 36 months ending September 30, 2026 **Data as of** SBA, September 30, 2026 **Page last changed** November 11, 2026 **Lenders on record** 197 SBA FOIA, Sep 30, 2026 **Loans, 36 months** 5,914 SBA FOIA, Sep 30, 2026 Approvals, net of cancelled **Dollars, 36 months** $2.54B SBA FOIA, Sep 30, 2026 **Approvals, last 12 months** 1,304 SBA FOIA, Sep 30, 2026 -38.1% from the prior 12 months Cite this Source: The Lender Report, SBA 7(a) lenders in Michigan, https://lender.report/sba-7a-lenders/michigan/, data as of September 30, 2026. ## Describe a deal in Michigan See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show SBA 7(a) loans in Michigan](https://lender.report/comps/?lane=sba_7a&state=MI)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | | --- | --- | --- | --- | --- | | [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) [SBA 7(a) record](https://lender.report/lender/huntington-national-bank-oh/sba-7a/) | Bank | Columbus, OH | 2,678 | $460M | | [Fifth Third Bank, National Association](https://lender.report/lender/fifth-third-bank-oh/) [SBA 7(a) record](https://lender.report/lender/fifth-third-bank-oh/sba-7a/) | Bank | Cincinnati, OH | 249 | $164M | | [Newtek Bank, National Association](https://lender.report/lender/newtek-bank-fl/) [SBA 7(a) record](https://lender.report/lender/newtek-bank-fl/sba-7a/) | Bank | Miami, FL | 188 | $81.8M | | [Live Oak Banking Company](https://lender.report/lender/live-oak-banking-nc/) [SBA 7(a) record](https://lender.report/lender/live-oak-banking-nc/sba-7a/) | Bank | Wilmington, NC | 148 | $182M | | [Readycap Lending, LLC](https://lender.report/lender/readycap-lending-nj/) [SBA 7(a) record](https://lender.report/lender/readycap-lending-nj/sba-7a/) | Non-bank | Berkeley Heights, NJ | 139 | $35.7M | | [ChoiceOne Bank](https://lender.report/lender/choiceone-bank-mi/) [SBA 7(a) record](https://lender.report/lender/choiceone-bank-mi/sba-7a/) | Bank | Sparta, MI | 135 | $85.6M | | [Northeast Bank](https://lender.report/lender/northeast-bank-me/) [SBA 7(a) record](https://lender.report/lender/northeast-bank-me/sba-7a/) | Bank | Portland, ME | 132 | $19.2M | | [JPMorgan Chase Bank, National Association](https://lender.report/lender/jpmorgan-chase-bank-oh/) [SBA 7(a) record](https://lender.report/lender/jpmorgan-chase-bank-oh/sba-7a/) | Bank | Columbus, OH | 125 | $40.7M | | [Horizon Bank](https://lender.report/lender/horizon-bank-in/) [SBA 7(a) record](https://lender.report/lender/horizon-bank-in/sba-7a/) | Bank | Michigan City, IN | 123 | $56.7M | | [Independent Bank](https://lender.report/lender/independent-bank-mi/) [SBA 7(a) record](https://lender.report/lender/independent-bank-mi/sba-7a/) | Bank | Grand Rapids, MI | 97 | $82.8M | | [Celtic Bank](https://lender.report/lender/celtic-bank-ut/) [SBA 7(a) record](https://lender.report/lender/celtic-bank-ut/sba-7a/) | Bank | Salt Lake City, UT | 83 | $36.9M | | [BayFirst National Bank](https://lender.report/lender/bayfirst-national-bank-fl/) [SBA 7(a) record](https://lender.report/lender/bayfirst-national-bank-fl/sba-7a/) | Bank | Saint Petersburg, FL | 80 | $11.4M | | [United Midwest Savings Bank, National Association](https://lender.report/lender/united-midwest-savings-bank-oh/) [SBA 7(a) record](https://lender.report/lender/united-midwest-savings-bank-oh/sba-7a/) | Bank | Degraff, OH | 69 | $22.9M | | [First Internet Bank of Indiana](https://lender.report/lender/first-internet-bank-of-indiana-in/) [SBA 7(a) record](https://lender.report/lender/first-internet-bank-of-indiana-in/sba-7a/) | Bank | Fishers, IN | 68 | $87.4M | | [Oxford Bank](https://lender.report/lender/oxford-bank-mi/) [SBA 7(a) record](https://lender.report/lender/oxford-bank-mi/sba-7a/) | Bank | Oxford, MI | 66 | $28.1M | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [SBA 7(a) record](https://lender.report/lender/old-national-bank-in/sba-7a/) | Bank | Evansville, IN | 60 | $59.2M | | [PNC Bank, National Association](https://lender.report/lender/pnc-bank-de/) [SBA 7(a) record](https://lender.report/lender/pnc-bank-de/sba-7a/) | Bank | Wilmington, DE | 53 | $17.0M | | [KeyBank National Association](https://lender.report/lender/keybank-oh/) [SBA 7(a) record](https://lender.report/lender/keybank-oh/sba-7a/) | Bank | Cleveland, OH | 52 | $23.6M | | [4front Credit Union](https://lender.report/lender/4front-credit-union-mi/) [SBA 7(a) record](https://lender.report/lender/4front-credit-union-mi/sba-7a/) | Credit union | Traverse City, MI | 47 | $12.0M | | [First Merchants Bank](https://lender.report/lender/first-merchants-bank-in/) [SBA 7(a) record](https://lender.report/lender/first-merchants-bank-in/sba-7a/) | Bank | Muncie, IN | 46 | $10.2M | | [Lake Michigan Credit Union](https://lender.report/lender/lake-michigan-credit-union-mi/) [SBA 7(a) record](https://lender.report/lender/lake-michigan-credit-union-mi/sba-7a/) | Credit union | Grand Rapids, MI | 45 | $48.5M | | [United Credit Union](https://lender.report/lender/united-credit-union-mi/) [SBA 7(a) record](https://lender.report/lender/united-credit-union-mi/sba-7a/) | Credit union | St Joseph, MI | 45 | $40.9M | | [Community Choice Credit Union](https://lender.report/lender/community-choice-credit-union-mi/) [SBA 7(a) record](https://lender.report/lender/community-choice-credit-union-mi/sba-7a/) | Credit union | Farmington Hills, MI | 39 | $34.9M | | [Bank Michigan](https://lender.report/lender/bank-michigan-mi/) [SBA 7(a) record](https://lender.report/lender/bank-michigan-mi/sba-7a/) | Bank | Brooklyn, MI | 36 | $35.0M | | [Bank of America, National Association](https://lender.report/lender/bank-of-america-nc/) [SBA 7(a) record](https://lender.report/lender/bank-of-america-nc/sba-7a/) | Bank | Charlotte, NC | 35 | $18.4M | SBA FOIA, Sep 30, 2026 [See all 197 SBA 7(a) lenders in Michigan in Loan Comps](https://lender.report/comps/?lane=sba_7a&state=MI) - Lenders recorded 5,914 SBA 7(a) loans totaling $2.5B in Michigan in the 36 months ending September 30, 2026. SBA FOIA, Sep 30, 2026 - Banks and savings institutions made 5,249 of those, credit unions 394, and non-banks 267. SBA FOIA, Sep 30, 2026 - The five most active lenders made 57.5% of Michigan's SBA 7(a) loans. SBA FOIA, Sep 30, 2026 - The Huntington National Bank recorded the most dollars in Michigan, at $460.3M. SBA FOIA, Sep 30, 2026 - 74 of these lenders are based in Michigan. SBA FOIA, Sep 30, 2026 - 61 lenders recorded 10 or more SBA 7(a) loans in Michigan. SBA FOIA, Sep 30, 2026 - 4 of these loans were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. SBA FOIA, Sep 30, 2026 - The SBA file shows 1,304 SBA 7(a) approvals in Michigan dated in the 12 months to September 30, 2026, versus 2,107 in the prior 12 months. Both counts leave out cancelled approvals. SBA FOIA, Sep 30, 2026 - The typical SBA 7(a) loan in Michigan was about $150K, with the middle half between $50K and $400K. SBA FOIA, Sep 30, 2026 - Lenders reported a median rate of 10.25% on 5,914 loans in Michigan, with the middle half between 9.25% and 10.50%. SBA FOIA, Sep 30, 2026 - The median term in Michigan was 10 years. SBA FOIA, Sep 30, 2026 ## How this list is defined **Measure** SBA 7(a) loans made in Michigan **Period** October 2023 to September 2026 **Formula** Count, by lender, of SBA 7(a) approvals located in Michigan and dated in the 36 months ending September 30, 2026, whose status is not cancelled. A lender is listed if it made at least one. **Order** Largest first by loans in the 36 months, then dollars, then name. Payment is not part of the order. **As of** September 30, 2026 **Source** [SBA FOIA](https://data.sba.gov/dataset/7a-504-foia) **Data** [JSON version of this list](https://lender.report/rankings/sba-7a-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. SBA 7(a) is the main SBA loan program for small businesses. The SBA guarantees part of each loan and the lender decides who gets one. SBA figures are approvals, shown net of cancelled loans where the column says so. SBA has not reviewed or endorsed this site. Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out. SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. [Report a problem](https://lender.report/report/) Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.