SBA by industry · MI
SBA lenders for medical practices in Michigan
65 lenders made 349 SBA loans to medical practices in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 133. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to medical practices in Michigan, NAICS 621, excluding dental
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 65
- SBA FOIA,
- SBA loans, 36 months
- 349
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $142M
- SBA FOIA,
- Last 12 months
- 75
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for medical practices in Michigan, https://lender.report/sba-lenders-for/medical-practices/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 | 133 | $31.3M | 133 | 0 | 17 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 18 | $10.7M | 16 | 2 | 7 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 11 | $7.46M | 10 | 1 | 3 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 11 | $1.89M | 11 | 0 | 4 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 9 | $5.89M | 9 | 0 | 1 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 9 | $3.20M | 9 | 0 | 2 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 9 | $1.46M | 9 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 8 | $4.19M | 8 | 0 | 6 |
| Community Choice Credit Union SBA 7(a) record | Credit union | Farmington Hills, MI | 7 | $11.5M | 6 | 1 | 3 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 7 | $355K | 7 | 0 | 1 |
| Bank of America, National Association SBA 7(a) record | Bank | Charlotte, NC | 5 | $3.52M | 5 | 0 | 2 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 5 | $2.49M | 5 | 0 | 1 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 5 | $1.38M | 5 | 0 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 5 | $858K | 5 | 0 | 0 |
| Bank Michigan SBA 7(a) record | Bank | Brooklyn, MI | 4 | $5.54M | 4 | 0 | 2 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 4 | $1.66M | 4 | 0 | 3 |
| Lendistry SBLC, LLC SBA 7(a) record | Non-bank | Los Angeles, CA | 4 | $991K | 4 | 0 | 0 |
| Lake Trust Credit Union SBA 7(a) record | Credit union | Brighton, MI | 4 | $900K | 4 | 0 | 3 |
| Oxford Bank SBA 7(a) record | Bank | Oxford, MI | 4 | $605K | 4 | 0 | 2 |
| Bank of Ann Arbor SBA 7(a) record | Bank | Ann Arbor, MI | 3 | $3.12M | 3 | 0 | 0 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 3 | $400K | 3 | 0 | 0 |
| CDC Small Business Finance Corp. SBA 7(a) record | Non-bank | San Diego, CA | 3 | $181K | 3 | 0 | 1 |
| Lafcu Credit Union SBA 7(a) record | Credit union | Lansing, MI | 2 | $2.14M | 2 | 0 | 0 |
| Independent Bank SBA 7(a) record | Bank | Grand Rapids, MI | 2 | $1.60M | 2 | 0 | 0 |
| The Bancorp Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 2 | $1.10M | 2 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Offices of Chiropractors | 67 |
| Offices of Physicians (except Mental Health Specialists) | 66 |
| Home Health Care Services | 46 |
| Offices of All Other Miscellaneous Health Practitioners | 40 |
| Offices of Mental Health Practitioners (except Physicians) | 39 |
| Offices of Physical, Occupational and Speech Therapists, and Audiologists | 35 |
| Offices of Physicians, Mental Health Specialists | 12 |
| Offices of Optometrists | 11 |
| All Other Outpatient Care Centers | 7 |
| Outpatient Mental Health and Substance Abuse Centers | 7 |
| Loan size | Loans |
|---|---|
| Under $150K | 137 |
| $150K to $350K | 96 |
| $350K to $1M | 60 |
| $1M to $2.5M | 23 |
| $2.5M or more | 12 |
- SBA lenders recorded 349 loans to medical practices totaling $142.3M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $150K, with the middle half between $62K and $380K. SBA FOIA,
- 316 were SBA 7(a) loans and 12 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 316 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 283 of the loans, credit unions 27, and non-banks 17. SBA FOIA,
- The five most active lenders made 52.1% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 133, Fifth Third Bank, National Association with 18, and Celtic Bank with 11. SBA FOIA,
- 137 of the loans were under $150K, and 35 were $1M or more. SBA FOIA,
- 22 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 75 approvals of these loans dated in the 12 months to September 30, 2026, versus 136 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 28 of the 65 lenders are based in Michigan. The rest are based elsewhere, most often in Ohio, California and Indiana. SBA FOIA,
- The most common detailed industry in Michigan was Offices of Chiropractors, with 67 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to medical practices 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 621, excluding dental.
- 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.