SBA by industry · MI
SBA lenders for restaurants in Michigan
105 lenders made 687 SBA loans to restaurants in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 286. The typical loan was about $220K.
- Evidence
- SBA 7(a) and 504 loans to restaurants in Michigan, NAICS 722
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 105
- SBA FOIA,
- SBA loans, 36 months
- 687
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $288M
- SBA FOIA,
- Last 12 months
- 152
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for restaurants in Michigan, https://lender.report/sba-lenders-for/restaurants/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 | 286 | $48.9M | 286 | 0 | 33 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 29 | $15.0M | 29 | 0 | 8 |
| Oxford Bank SBA 7(a) record | Bank | Oxford, MI | 23 | $9.62M | 22 | 1 | 4 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 18 | $9.02M | 18 | 0 | 8 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 17 | $9.96M | 17 | 0 | 9 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 17 | $7.71M | 16 | 1 | 4 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 14 | $16.7M | 14 | 0 | 10 |
| Community Choice Credit Union SBA 7(a) record | Credit union | Farmington Hills, MI | 14 | $12.6M | 14 | 0 | 7 |
| 4front Credit Union SBA 7(a) record | Credit union | Traverse City, MI | 11 | $3.05M | 10 | 1 | 6 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 10 | $11.9M | 10 | 0 | 2 |
| United Credit Union SBA 7(a) record | Credit union | St Joseph, MI | 8 | $6.01M | 8 | 0 | 4 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 8 | $2.31M | 8 | 0 | 3 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 7 | $5.63M | 6 | 1 | 4 |
| Byline Bank SBA 7(a) record | Bank | Chicago, IL | 7 | $5.41M | 7 | 0 | 2 |
| TowneBank SBA 7(a) record | Bank | Portsmouth, VA | 7 | $3.60M | 7 | 0 | 4 |
| Lake Trust Credit Union SBA 7(a) record | Credit union | Brighton, MI | 7 | $3.40M | 6 | 1 | 2 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 6 | $2.48M | 6 | 0 | 1 |
| Colony Bank SBA 7(a) record | Bank | Fitzgerald, GA | 6 | $2.42M | 6 | 0 | 0 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 5 | $1.93M | 4 | 1 | 3 |
| 1st State Bank SBA 7(a) record | Bank | Saginaw, MI | 5 | $1.49M | 5 | 0 | 1 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 5 | $1.45M | 4 | 1 | 0 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 5 | $1.12M | 5 | 0 | 1 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 5 | $1.06M | 5 | 0 | 1 |
| Michigan Schools and Government Credit Union SBA 7(a) record | Credit union | Clinton Township, MI | 5 | $904K | 5 | 0 | 1 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 5 | $607K | 5 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Full-Service Restaurants | 282 |
| Limited-Service Restaurants | 234 |
| Snack and Nonalcoholic Beverage Bars | 94 |
| Drinking Places (Alcoholic Beverages) | 32 |
| Mobile Food Services | 27 |
| Caterers | 13 |
| Food Service Contractors | 3 |
| Cafeterias, Grill Buffets, and Buffets | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 267 |
| $150K to $350K | 157 |
| $350K to $1M | 179 |
| $1M to $2.5M | 62 |
| $2.5M or more | 14 |
- SBA lenders recorded 687 loans to restaurants totaling $287.7M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $220K, with the middle half between $50K and $490K. SBA FOIA,
- 656 were SBA 7(a) loans and 23 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 656 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 575 of the loans, credit unions 84, and non-banks 20. SBA FOIA,
- The five most active lenders made 54.3% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 286, Fifth Third Bank, National Association with 29, and Oxford Bank with 23. SBA FOIA,
- 267 of the loans were under $150K, and 76 were $1M or more. SBA FOIA,
- 8 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 152 approvals of these loans dated in the 12 months to September 30, 2026, versus 255 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 49 of the 105 lenders are based in Michigan. The rest are based elsewhere, most often in California, Indiana and Ohio. SBA FOIA,
- The most common detailed industry in Michigan was Full-Service Restaurants, with 282 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to restaurants 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 722.
- 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.