SBA by industry · MI
SBA lenders for retail stores in Michigan
88 lenders made 646 SBA loans to retail stores in Michigan in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 244. The typical loan was about $200K.
- Evidence
- SBA 7(a) and 504 loans to retail stores in Michigan, NAICS 44 and 45, excluding gas, convenience and pharmacy
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 88
- SBA FOIA,
- SBA loans, 36 months
- 646
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $318M
- SBA FOIA,
- Last 12 months
- 153
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for retail stores in Michigan, https://lender.report/sba-lenders-for/retail/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 | 244 | $52.0M | 242 | 2 | 23 |
| Fifth Third Bank, National Association SBA 7(a) record | Bank | Cincinnati, OH | 34 | $28.1M | 33 | 1 | 7 |
| First Internet Bank of Indiana SBA 7(a) record | Bank | Fishers, IN | 32 | $39.0M | 32 | 0 | 0 |
| United Credit Union SBA 7(a) record | Credit union | St Joseph, MI | 26 | $26.8M | 26 | 0 | 15 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 21 | $8.66M | 21 | 0 | 10 |
| ChoiceOne Bank SBA 7(a) record | Bank | Sparta, MI | 18 | $10.7M | 17 | 1 | 9 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 16 | $2.27M | 16 | 0 | 6 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 15 | $5.33M | 15 | 0 | 4 |
| Independent Bank SBA 7(a) record | Bank | Grand Rapids, MI | 12 | $3.73M | 12 | 0 | 5 |
| Horizon Bank SBA 7(a) record | Bank | Michigan City, IN | 11 | $6.22M | 11 | 0 | 1 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 11 | $4.75M | 10 | 1 | 4 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 10 | $2.60M | 10 | 0 | 2 |
| 4front Credit Union SBA 7(a) record | Credit union | Traverse City, MI | 10 | $1.65M | 9 | 1 | 2 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 9 | $6.90M | 9 | 0 | 2 |
| First Merchants Bank SBA 7(a) record | Bank | Muncie, IN | 9 | $2.70M | 9 | 0 | 1 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 9 | $1.26M | 9 | 0 | 2 |
| Byline Bank SBA 7(a) record | Bank | Chicago, IL | 8 | $11.0M | 8 | 0 | 3 |
| Dfcu Financial Credit Union SBA 7(a) record | Credit union | Dearborn, MI | 8 | $5.45M | 8 | 0 | 2 |
| Oxford Bank SBA 7(a) record | Bank | Oxford, MI | 7 | $2.75M | 7 | 0 | 2 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 6 | $3.09M | 6 | 0 | 5 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 6 | $890K | 6 | 0 | 0 |
| Shoreham Bank SBA 7(a) record | Savings | Warwick, RI | 5 | $6.00M | 5 | 0 | 1 |
| Lake Michigan Credit Union SBA 7(a) record | Credit union | Grand Rapids, MI | 5 | $5.55M | 5 | 0 | 5 |
| Bank Michigan SBA 7(a) record | Bank | Brooklyn, MI | 5 | $4.44M | 5 | 0 | 3 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 5 | $1.28M | 5 | 0 | 2 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Beer, Wine, and Liquor Retailers | 114 |
| Clothing and Clothing Accessories Retailers | 54 |
| Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 40 |
| All Other Miscellaneous Retailers | 36 |
| Sporting Goods Retailers | 28 |
| All Other General Merchandise Retailers | 22 |
| Automotive Parts and Accessories Retailers | 22 |
| Hobby, Toy, and Game Retailers | 21 |
| Floor Covering Retailers | 18 |
| Hardware Retailers | 18 |
| Loan size | Loans |
|---|---|
| Under $150K | 257 |
| $150K to $350K | 152 |
| $350K to $1M | 140 |
| $1M to $2.5M | 88 |
| $2.5M or more | 16 |
- SBA lenders recorded 646 loans to retail stores totaling $317.7M in Michigan in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $200K, with the middle half between $51K and $650K. SBA FOIA,
- 642 were SBA 7(a) loans and 11 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.00% on 642 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 568 of the loans, credit unions 67, and non-banks 18. SBA FOIA,
- The five most active lenders made 55.3% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 244, Fifth Third Bank, National Association with 34, and First Internet Bank of Indiana with 32. SBA FOIA,
- 257 of the loans were under $150K, and 104 were $1M or more. SBA FOIA,
- The SBA file shows 153 approvals of these loans dated in the 12 months to September 30, 2026, versus 241 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 40 of the 88 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 Beer, Wine, and Liquor Retailers, with 114 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to retail stores 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 44 and 45, excluding gas, convenience and pharmacy.
- 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.