Michigan SBA Loan Data
64,461 loans totaling $19.3B across all SBA programs.
Total Loans
64,461
1992–2025
Total Volume
$19.3B
Gross approval amount
Avg Loan Size
$299K
Median: $100K
Avg Interest Rate
6.89%
Default rate: 11.8%
SBA Lending by County
Click any county to explore its loan data. Showing: Total Volume
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Counties in Michigan
| Oakland → | 10,640 | $3.5B | $331K |
| Wayne → | 9,711 | $2.7B | $279K |
| Kent → | 6,478 | $1.7B | $267K |
| Macomb → | 6,447 | $1.7B | $260K |
| Ottawa → | 2,617 | $797.1M | $305K |
| Genesee → | 2,255 | $671.0M | $298K |
| Washtenaw → | 1,872 | $670.2M | $358K |
| Grand Traverse → | 1,705 | $507.9M | $298K |
| Kalamazoo → | 1,538 | $507.4M | $330K |
| Ingham → | 1,611 | $488.9M | $303K |
| Livingston → | 1,126 | $418.5M | $372K |
| Muskegon → | 1,201 | $337.1M | $281K |
| Saginaw → | 884 | $296.0M | $335K |
| Berrien → | 898 | $286.4M | $319K |
| Saint Clair → | 872 | $255.2M | $293K |
| Calhoun → | 614 | $253.8M | $413K |
| Jackson → | 741 | $244.5M | $330K |
| Allegan → | 883 | $228.7M | $259K |
| Monroe → | 707 | $214.4M | $303K |
| Eaton → | 561 | $183.4M | $327K |
| Van Buren → | 423 | $155.3M | $367K |
| Marquette → | 483 | $148.2M | $307K |
| Lenawee → | 434 | $127.4M | $294K |
| Bay → | 455 | $117.1M | $257K |
| Clinton → | 414 | $109.6M | $265K |
Showing 1–25 of 84
Michigan Loan Status
Michigan Loan Status showing Active: 20%, Paid in Full: 55.9%, Charged Off: 10.2%, Cancelled: 12.5%, Committed: 1.5%
Active20%
Paid in Full55.9%
Charged Off10.2%
Cancelled12.5%
Committed1.5%
Note: Loans from 2023 and later may show lower default rates because they haven't had enough time to mature. Default rates typically stabilize after 5+ years.
Michigan Annual Lending Volume
Michigan Annual Lending Volume from 1992 to 2025
Number of Loans per Year
Number of Loans per Year from 1992 to 2025
Top Industries
Top Industries with 12 categories
Loan Size Distribution
Loan Size Distribution with 7 categories
Top Lenders in Michigan
| The Huntington National Bank | 24,121 | $4.6B | $191K | 6.75% | 6.2% |
| Comerica Bank | 1,895 | $992.5M | $524K | 6.34% | 13.2% |
| Fifth Third Bank | 2,528 | $686.5M | $272K | 6.40% | 12.0% |
| JPMorgan Chase Bank, National Association | 4,056 | $657.7M | $162K | 7.43% | 18.2% |
| Live Oak Banking Company | 426 | $560.4M | $1.3M | 6.92% | 0.8% |
| PNC Bank, National Association | 3,821 | $514.4M | $135K | 6.96% | 19.9% |
| ChoiceOne Bank | 1,037 | $498.8M | $481K | 6.37% | 3.4% |
| Old National Bank | 506 | $359.6M | $711K | 6.21% | 4.1% |
| Bank of America, National Association | 1,058 | $301.5M | $285K | 7.01% | 15.1% |
| Bank of Ann Arbor | 617 | $282.4M | $458K | 6.06% | 5.6% |
| First Merchants Bank | 581 | $280.2M | $482K | 6.43% | 5.9% |
| Business Loan Center, LLC | 377 | $277.6M | $736K | N/A | 34.0% |
| Citizens Bank, National Association | 3,036 | $263.3M | $87K | 6.51% | 36.8% |
| Wells Fargo Bank National Association | 773 | $240.7M | $311K | 6.23% | 22.1% |
| Readycap Lending, LLC | 510 | $227.9M | $447K | 11.50% | 22.9% |
| Independent Bank | 476 | $223.5M | $469K | 6.57% | 2.5% |
| Byline Bank | 211 | $220.6M | $1.0M | 7.68% | 8.6% |
| First Internet Bank of Indiana | 158 | $212.9M | $1.3M | 8.96% | 0.0% |
| KeyBank National Association | 613 | $205.2M | $335K | 7.43% | 11.2% |
| Oxford Bank | 293 | $202.0M | $689K | 7.50% | 0.8% |
| United Bank of Michigan | 593 | $196.7M | $332K | 5.82% | 11.3% |
| Horizon Bank | 562 | $196.2M | $349K | 6.47% | 0.4% |
| Celtic Bank Corporation | 363 | $186.6M | $514K | 7.63% | 7.4% |
| Mercantile Bank | 497 | $182.8M | $368K | 5.83% | 9.9% |
| Newtek Small Business Finance, Inc. | 265 | $179.9M | $679K | 7.44% | 10.5% |
Get the Data
Download the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
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