SBA by industry · MI
SBA lenders for manufacturers in Michigan
77 lenders made 414 SBA loans to manufacturers in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 142. The typical loan was about $250K.
- Evidence
- SBA 7(a) and 504 loans to manufacturers in Michigan, NAICS 31 to 33
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 77
- SBA FOIA,
- SBA loans, 36 months
- 414
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $271M
- SBA FOIA,
- Last 12 months
- 106
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for manufacturers in Michigan, https://lender.report/sba-lenders-for/manufacturing/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 | 142 | $31.4M | 142 | 0 | 24 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 22 | $24.4M | 22 | 0 | 6 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 18 | $16.6M | 15 | 3 | 4 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 16 | $13.0M | 16 | 0 | 5 |
| Independent Bank SBA 7(a) record | Bank | Grand Rapids, MI | 16 | $13.0M | 16 | 0 | 4 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 13 | $9.34M | 13 | 0 | 4 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 10 | $16.8M | 10 | 0 | 6 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 10 | $1.62M | 10 | 0 | 0 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 9 | $15.9M | 9 | 0 | 4 |
| Lake Michigan Credit Union SBA 7(a) record | Credit union | Grand Rapids, MI | 8 | $15.0M | 8 | 0 | 3 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 8 | $1.04M | 8 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 7 | $11.5M | 7 | 0 | 2 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 7 | $3.23M | 5 | 2 | 0 |
| First National Bank of Michigan SBA 7(a) record | Bank | Kalamazoo, MI | 5 | $4.74M | 2 | 3 | 0 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 5 | $4.00M | 5 | 0 | 2 |
| Chelsea State Bank SBA 7(a) record | Bank | Chelsea, MI | 5 | $3.44M | 4 | 1 | 1 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 5 | $1.46M | 5 | 0 | 1 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 5 | $689K | 5 | 0 | 0 |
| Team One Credit Union SBA 7(a) record | Credit union | Saginaw, MI | 4 | $5.75M | 4 | 0 | 1 |
| Mercantile Bank SBA 504 record | Bank | Grand Rapids, MI | 4 | $5.03M | 1 | 3 | 1 |
| Bank Michigan SBA 7(a) record | Bank | Brooklyn, MI | 4 | $3.10M | 4 | 0 | 0 |
| Oxford Bank SBA 7(a) record | Bank | Oxford, MI | 4 | $1.52M | 4 | 0 | 1 |
| 4front Credit Union SBA 7(a) record | Credit union | Traverse City, MI | 4 | $467K | 4 | 0 | 1 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 4 | $290K | 4 | 0 | 1 |
| Colony Bank SBA 7(a) record | Bank | Fitzgerald, GA | 3 | $8.65M | 3 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Retail Bakeries | 27 |
| Machine Shops | 22 |
| Commercial Printing (except Screen and Books) | 18 |
| All Other Miscellaneous Manufacturing | 17 |
| Sign Manufacturing | 15 |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 12 |
| Breweries | 12 |
| Machine Tool Manufacturing | 11 |
| Distilleries | 9 |
| Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | 9 |
| Loan size | Loans |
|---|---|
| Under $150K | 149 |
| $150K to $350K | 89 |
| $350K to $1M | 98 |
| $1M to $2.5M | 47 |
| $2.5M or more | 31 |
- SBA lenders recorded 414 loans to manufacturers totaling $271.2M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $250K, with the middle half between $86K and $700K. SBA FOIA,
- 394 were SBA 7(a) loans and 20 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 394 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 369 of the loans, credit unions 34, and non-banks 11. SBA FOIA,
- The five most active lenders made 51.7% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 142, Fifth Third Bank, National Association with 22, and ChoiceOne Bank with 18. SBA FOIA,
- 149 of the loans were under $150K, and 78 were $1M or more. SBA FOIA,
- The SBA file shows 106 approvals of these loans dated in the 12 months to September 30, 2026, versus 149 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 37 of the 77 lenders are based in Michigan. The rest are based elsewhere, most often in Indiana, Illinois and Ohio. SBA FOIA,
- The most common detailed industry in Michigan was Retail Bakeries, with 27 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to manufacturers 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 31 to 33.
- 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.