SBA by industry · MI
SBA lenders for hotels and motels in Michigan
32 lenders made 75 SBA loans to hotels and motels in Michigan in the 36 months ending September 30, 2026. Shoreham Bank made the most, with 12. The typical loan was about $2.2M.
- Evidence
- SBA 7(a) and 504 loans to hotels and motels in Michigan, NAICS 7211
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 32
- SBA FOIA,
- SBA loans, 36 months
- 75
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $191M
- SBA FOIA,
- Last 12 months
- 30
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for hotels and motels in Michigan, https://lender.report/sba-lenders-for/hotels/michigan/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Shoreham Bank SBA 7(a) record | Savings | Warwick, RI | 12 | $31.1M | 12 | 0 | 3 |
| GBank SBA 7(a) record | Bank | Las Vegas, NV | 11 | $42.0M | 11 | 0 | 5 |
| Centerstone SBA Lending, Inc. SBA 7(a) record | Non-bank | Los Angeles, CA | 5 | $5.28M | 5 | 0 | 2 |
| First Utah Bank SBA 7(a) record | Bank | Salt Lake City, UT | 4 | $18.2M | 4 | 0 | 2 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 4 | $10.8M | 1 | 3 | 0 |
| Millennium Bank SBA 7(a) record | Bank | Des Plaines, IL | 3 | $7.50M | 3 | 0 | 0 |
| Bank of Hope SBA 7(a) record | Bank | Los Angeles, CA | 3 | $5.64M | 3 | 0 | 2 |
| Commonwealth Business Bank SBA 7(a) record | Bank | Los Angeles, CA | 3 | $4.10M | 3 | 0 | 2 |
| Enterprise Bank & Trust SBA 7(a) record | Bank | Clayton, MO | 2 | $6.50M | 2 | 0 | 1 |
| US Metro Bank SBA 7(a) record | Bank | Garden Grove, CA | 2 | $6.10M | 2 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 2 | $200K | 2 | 0 | 0 |
| Financial Plus Credit Union | Credit union | Flint, MI | 1 | $6.60M | 0 | 1 | 1 |
| Open Bank SBA 7(a) record | Bank | Los Angeles, CA | 1 | $5.00M | 1 | 0 | 0 |
| Stearns Bank National Association SBA 7(a) record | Bank | Saint Cloud, MN | 1 | $5.00M | 1 | 0 | 0 |
| University Bank SBA 7(a) record | Bank | Ann Arbor, MI | 1 | $4.70M | 1 | 0 | 1 |
| Climate First Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $4.30M | 1 | 0 | 1 |
| United Bank of Michigan | Bank | Grand Rapids, MI | 1 | $3.80M | 0 | 1 | 0 |
| Port 51 Lending LLC SBA 7(a) record | Non-bank | New York, NY | 1 | $3.40M | 1 | 0 | 1 |
| Southwestern National Bank SBA 7(a) record | Bank | Houston, TX | 1 | $3.10M | 1 | 0 | 1 |
| First Western SBLC, LLC d/b/a Peachtree Group SBA 7(a) record | Non-bank | Dallas, TX | 1 | $2.60M | 1 | 0 | 0 |
| Highpoint Community Bank | Bank | Hastings, MI | 1 | $2.50M | 0 | 1 | 0 |
| Velocity Commercial Capital LLC SBA 504 record | Non-bank | Westlake Village, CA | 1 | $2.20M | 0 | 1 | 1 |
| Kellogg Community Credit Union | Credit union | Battle Creek, MI | 1 | $1.70M | 0 | 1 | 0 |
| Oxford Bank | Bank | Oxford, MI | 1 | $1.30M | 0 | 1 | 0 |
| State Savings Bank SBA 504 record | Bank | Frankfort, MI | 1 | $1.20M | 0 | 1 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Hotels (except Casino Hotels) and Motels | 72 |
| Bed-and-Breakfast Inns | 2 |
| All Other Traveler Accommodation | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 4 |
| $150K to $350K | 0 |
| $350K to $1M | 9 |
| $1M to $2.5M | 24 |
| $2.5M or more | 35 |
- SBA lenders recorded 75 loans to hotels and motels totaling $191M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $2.2M, with the middle half between $1.2M and $4.3M. SBA FOIA,
- 60 were SBA 7(a) loans and 12 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 8.75% on 60 loans. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Banks and savings institutions made 60 of the loans, credit unions 3, and non-banks 9. SBA FOIA,
- The five most active lenders made 48.0% of the loans. SBA FOIA,
- The three most active lenders were Shoreham Bank with 12, GBank with 11, and Centerstone SBA Lending, Inc. with 5. SBA FOIA,
- 4 of the loans were under $150K, and 59 were $1M or more. SBA FOIA,
- 3 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 30 approvals of these loans dated in the 12 months to September 30, 2026, versus 20 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 11 of the 32 lenders are based in Michigan. The rest are based elsewhere, most often in California, Florida and Texas. SBA FOIA,
- The most common detailed industry in Michigan was Hotels (except Casino Hotels) and Motels, with 72 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to hotels and motels 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 7211.
- 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.