SBA by industry · MI
SBA lenders for construction trades in Michigan
76 lenders made 949 SBA loans to construction trades in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 497. The typical loan was about $110K.
- Evidence
- SBA 7(a) and 504 loans to construction trades in Michigan, NAICS 23
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 76
- SBA FOIA,
- SBA loans, 36 months
- 949
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $283M
- SBA FOIA,
- Last 12 months
- 205
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades in Michigan, https://lender.report/sba-lenders-for/construction-trades/michigan/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 497 | $69.4M | 496 | 1 | 70 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 43 | $12.8M | 42 | 1 | 9 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 41 | $19.9M | 41 | 0 | 12 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 23 | $9.14M | 23 | 0 | 7 |
| Independent Bank SBA 7(a) record | Bank | Grand Rapids, MI | 21 | $13.3M | 20 | 1 | 9 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 21 | $4.09M | 21 | 0 | 8 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 20 | $3.92M | 20 | 0 | 1 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 19 | $5.11M | 18 | 1 | 3 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 19 | $2.79M | 19 | 0 | 4 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 18 | $960K | 18 | 0 | 2 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 17 | $12.2M | 15 | 2 | 1 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 17 | $11.4M | 17 | 0 | 4 |
| Oxford Bank SBA 7(a) record | Bank | Oxford, MI | 16 | $4.71M | 16 | 0 | 10 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 14 | $11.7M | 14 | 0 | 4 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 11 | $1.74M | 11 | 0 | 0 |
| Lake Michigan Credit Union SBA 7(a) record | Credit union | Grand Rapids, MI | 10 | $13.4M | 10 | 0 | 6 |
| Lendistry SBLC, LLC SBA 7(a) record | Non-bank | Los Angeles, CA | 9 | $1.35M | 9 | 0 | 2 |
| Citizens Bank, National Association SBA 7(a) record | Bank | Providence, RI | 8 | $3.22M | 8 | 0 | 1 |
| SmartBiz Bank, National Association SBA 7(a) record | Bank | Northbrook, IL | 6 | $1.11M | 6 | 0 | 6 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 6 | $725K | 6 | 0 | 0 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 6 | $400K | 6 | 0 | 1 |
| TowneBank SBA 7(a) record | Bank | Portsmouth, VA | 5 | $5.46M | 5 | 0 | 0 |
| Bank Michigan SBA 7(a) record | Bank | Brooklyn, MI | 5 | $2.65M | 5 | 0 | 1 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 4 | $8.05M | 4 | 0 | 0 |
| 1st Financial Bank USA SBA 7(a) record | Bank | Dakota Dunes, SD | 4 | $6.71M | 4 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Residential Remodelers | 159 |
| All Other Specialty Trade Contractors | 136 |
| Plumbing, Heating, and Air-Conditioning Contractors | 116 |
| Electrical Contractors and Other Wiring Installation Contractors | 72 |
| Site Preparation Contractors | 43 |
| Painting and Wall Covering Contractors | 42 |
| Roofing Contractors | 42 |
| Commercial and Institutional Building Construction | 39 |
| Poured Concrete Foundation and Structure Contractors | 38 |
| New Single-Family Housing Construction (except For-Sale Builders) | 33 |
| Loan size | Loans |
|---|---|
| Under $150K | 515 |
| $150K to $350K | 243 |
| $350K to $1M | 125 |
| $1M to $2.5M | 50 |
| $2.5M or more | 16 |
- SBA lenders recorded 949 loans to construction trades totaling $282.6M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $110K, with the middle half between $50K and $250K. SBA FOIA,
- 936 were SBA 7(a) loans and 13 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.50% on 936 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 886 of the loans, credit unions 30, and non-banks 33. SBA FOIA,
- The five most active lenders made 65.9% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 497, JPMorgan Chase Bank, National Association with 43, and Fifth Third Bank, National Association with 41. SBA FOIA,
- 515 of the loans were under $150K, and 66 were $1M or more. SBA FOIA,
- The SBA file shows 205 approvals of these loans dated in the 12 months to September 30, 2026, versus 349 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 30 of the 76 lenders are based in Michigan. The rest are based elsewhere, most often in Indiana, Ohio and California. SBA FOIA,
- The most common detailed industry in Michigan was Residential Remodelers, with 159 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades in Michigan
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Michigan, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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
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.