SBA by industry · MI
SBA lenders for professional services firms in Michigan
67 lenders made 457 SBA loans to professional services firms in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 175. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to professional services firms in Michigan, NAICS 54, excluding veterinary
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 67
- SBA FOIA,
- SBA loans, 36 months
- 457
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $169M
- SBA FOIA,
- Last 12 months
- 98
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for professional services firms in Michigan, https://lender.report/sba-lenders-for/professional-services/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 | 175 | $42.1M | 173 | 2 | 32 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 29 | $4.96M | 29 | 0 | 4 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 23 | $5.50M | 23 | 0 | 2 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 21 | $6.36M | 21 | 0 | 5 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 20 | $3.33M | 20 | 0 | 6 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 18 | $16.3M | 17 | 1 | 6 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 14 | $1.82M | 14 | 0 | 0 |
| Independent Bank SBA 7(a) record | Bank | Grand Rapids, MI | 11 | $17.2M | 11 | 0 | 3 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 9 | $7.09M | 8 | 1 | 3 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 9 | $5.07M | 9 | 0 | 1 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 9 | $3.52M | 9 | 0 | 4 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 9 | $1.96M | 9 | 0 | 0 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 8 | $810K | 7 | 1 | 1 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 6 | $2.00M | 6 | 0 | 1 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 6 | $1.12M | 6 | 0 | 0 |
| Lake Michigan Credit Union SBA 7(a) record | Credit union | Grand Rapids, MI | 5 | $4.74M | 5 | 0 | 1 |
| Chelsea State Bank SBA 7(a) record | Bank | Chelsea, MI | 5 | $1.44M | 5 | 0 | 1 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 4 | $2.12M | 3 | 1 | 0 |
| The Dart Bank SBA 7(a) record | Bank | Mason, MI | 4 | $1.11M | 1 | 3 | 1 |
| Colony Bank SBA 7(a) record | Bank | Fitzgerald, GA | 4 | $417K | 4 | 0 | 0 |
| First National Bank of Michigan SBA 7(a) record | Bank | Kalamazoo, MI | 3 | $5.74M | 1 | 2 | 0 |
| Macatawa Bank, National Association SBA 7(a) record | Bank | Holland, MI | 3 | $1.95M | 2 | 1 | 2 |
| Bank of Ann Arbor SBA 7(a) record | Bank | Ann Arbor, MI | 3 | $940K | 3 | 0 | 1 |
| Michigan Certified Development Corporation SBA 7(a) record | Non-bank | East Lansing, MI | 3 | $730K | 3 | 0 | 0 |
| Stone Bank SBA 7(a) record | Bank | Mountain View, AR | 3 | $275K | 3 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Engineering Services | 43 |
| Offices of Lawyers | 43 |
| All Other Professional, Scientific, and Technical Services | 38 |
| Offices of Certified Public Accountants | 29 |
| Administrative Management and General Management Consulting Services | 25 |
| Other Accounting Services | 21 |
| Custom Computer Programming Services | 20 |
| Other Computer Related Services | 20 |
| Tax Preparation Services | 20 |
| Other Scientific and Technical Consulting Services | 19 |
| Loan size | Loans |
|---|---|
| Under $150K | 210 |
| $150K to $350K | 117 |
| $350K to $1M | 101 |
| $1M to $2.5M | 16 |
| $2.5M or more | 15 |
- SBA lenders recorded 457 loans to professional services firms totaling $169.1M 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 $59K and $350K. SBA FOIA,
- 440 were SBA 7(a) loans and 19 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.50% on 440 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 403 of the loans, credit unions 20, and non-banks 36. SBA FOIA,
- The five most active lenders made 58.6% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 175, Readycap Lending, LLC with 29, and JPMorgan Chase Bank, National Association with 23. SBA FOIA,
- 210 of the loans were under $150K, and 31 were $1M or more. SBA FOIA,
- The SBA file shows 98 approvals of these loans dated in the 12 months to September 30, 2026, versus 143 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 29 of the 67 lenders are based in Michigan. The rest are based elsewhere, most often in Ohio, Florida and Indiana. SBA FOIA,
- The most common detailed industry in Michigan was Engineering Services, with 43 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to professional services firms 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 54, excluding veterinary.
- 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.