Michigan SBA Loan Data
64,461 loans totaling $19.3B across all SBA programs.
Total Loans
64,461
1991–2025
Total Volume
$19.3B
Gross approval amount
Avg Loan Size
$299K
Median: $100K
Avg Interest Rate
6.89%
Default rate: 11.8%
Michigan Loan Status
Active20%
Paid in Full55.9%
Charged Off10.2%
Cancelled12.2%
Committed1.5%
Download State Data
Get the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
Michigan Annual Lending Volume
Number of Loans per Year
Top Industries
Loan Size Distribution
Top Lenders in Michigan
| Lender | Loans | Volume▼ | Avg Size | Avg Rate | Default Rate |
|---|---|---|---|---|---|
| The Huntington National Bank | 23,779 | $4.4B | $185K | 6.75% | 6.3% |
| Comerica Bank | 1,824 | $907.7M | $498K | 6.34% | 13.7% |
| Fifth Third Bank | 2,424 | $625.1M | $258K | 6.40% | 12.4% |
| Live Oak Banking Company | 423 | $549.6M | $1.3M | 6.92% | 0.8% |
| JPMorgan Chase Bank, National Association | 3,831 | $544.8M | $142K | 7.43% | 19.2% |
| PNC Bank, National Association | 3,684 | $446.0M | $121K | 6.96% | 20.6% |
| ChoiceOne Bank | 946 | $434.1M | $459K | 6.37% | 3.7% |
| Old National Bank | 464 | $327.2M | $705K | 6.21% | 4.4% |
| Business Loan Center, LLC | 377 | $277.6M | $736K | N/A | 34.0% |
| Bank of America, National Association | 1,003 | $273.8M | $273K | 7.01% | 15.8% |
| Citizens Bank, National Association | 3,022 | $247.7M | $82K | 6.51% | 37.0% |
| Wells Fargo Bank National Association | 770 | $237.8M | $309K | 6.23% | 22.2% |
| Bank of Ann Arbor | 548 | $232.1M | $424K | 6.06% | 6.3% |
| Readycap Lending, LLC | 510 | $227.9M | $447K | 11.50% | 22.9% |
| Byline Bank | 210 | $220.0M | $1.0M | 7.68% | 8.6% |
| First Internet Bank of Indiana | 155 | $211.8M | $1.4M | 8.96% | 0.0% |
| First Merchants Bank | 456 | $206.8M | $453K | 6.43% | 6.9% |
| THE HUNTINGTON NATIONAL BANK | 342 | $198.9M | $582K | N/A | 1.8% |
| KeyBank National Association | 596 | $192.3M | $323K | 7.43% | 11.5% |
| United Bank of Michigan | 574 | $185.7M | $323K | 5.82% | 11.6% |
| Celtic Bank Corporation | 359 | $178.1M | $496K | 7.63% | 7.5% |
| Newtek Small Business Finance, Inc. | 262 | $173.2M | $661K | 7.44% | 10.7% |
| Independent Bank | 357 | $172.0M | $482K | 6.57% | 3.0% |
| Horizon Bank | 493 | $151.0M | $306K | 6.47% | 0.5% |
| Nicolet National Bank | 242 | $147.7M | $610K | 5.76% | 7.2% |
Top Counties in Michigan
| County | Loans | Volume▼ |
|---|---|---|
| Oakland → | 10,640 | $3.5B |
| Wayne → | 9,711 | $2.7B |
| Kent → | 6,478 | $1.7B |
| Macomb → | 6,447 | $1.7B |
| Ottawa → | 2,617 | $797.1M |
| Genesee → | 2,255 | $671.0M |
| Washtenaw → | 1,872 | $670.2M |
| Grand Traverse → | 1,705 | $507.9M |
| Kalamazoo → | 1,538 | $507.4M |
| Ingham → | 1,611 | $488.9M |
| Livingston → | 1,126 | $418.5M |
| Muskegon → | 1,201 | $337.1M |
| Saginaw → | 884 | $296.0M |
| Berrien → | 898 | $286.4M |
| Saint Clair → | 872 | $255.2M |
| Calhoun → | 614 | $253.8M |
| Jackson → | 741 | $244.5M |
| Allegan → | 883 | $228.7M |
| Monroe → | 707 | $214.4M |
| Eaton → | 561 | $183.4M |
| Van Buren → | 423 | $155.3M |
| Marquette → | 483 | $148.2M |
| Lenawee → | 434 | $127.4M |
| Bay → | 455 | $117.1M |
| Clinton → | 414 | $109.6M |
Showing 1–25 of 30
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