Michigan, a state renowned for its industrial prowess, is a thriving ground for businesses seeking financial support for growth. SBA loans serve as vital tools for local enterprises, and understanding the top lenders in the state is crucial. Here’s an overview of the leading SBA lenders in Michigan, each bringing unique strengths and opportunities for local businesses:
Michigan Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Columbus, OH | 1005 | $161,935 | 6.9% |
| 2 | The State Bank | Fenton, MI | 71 | $526,649 | 6.0% |
| 3 | Comerica Bank | Dallas, TX | 54 | $675,996 | 5.9% |
| 4 | Live Oak | Wilmington, NC | 38 | $1,396,868 | 6.6% |
| 5 | United Midwest Savings Bank | De Graff, OH | 34 | $174,971 | 6.9% |
| 6 | First Internet Bank of Indiana | Fishers, IN | 33 | $1,400,879 | 7.4% |
| 7 | Fifth Third Bank | Cincinnati, OH | 32 | $740,428 | 6.7% |
| 8 | Newtek Small Business Finance | Lake Success, NY | 25 | $538,912 | 7.4% |
| 9 | Oxford Bank | Oxford, MI | 25 | $460,476 | 7.5% |
| 10 | BayFirst National Bank | Saint Petersburg, FL | 23 | $177,609 | 8.7% |
| 11 | CDC Small Business Finance | San Diego, CA | 21 | $116,262 | 8.7% |
| 12 | KeyBank | Cleveland, OH | 21 | $372,957 | 7.2% |
| 13 | PNC Bank | Wilmington, DE | 17 | $243,653 | 6.4% |
| 14 | West Shore Bank | Ludington, MI | 17 | $648,641 | 6.3% |
| 15 | Celtic Bank | Salt Lake City, UT | 14 | $1,130,529 | 7.5% |
| 16 | Readycap Lending, LLC | Berkeley Heights, NJ | 14 | $469,293 | 7.9% |
| 17 | Community Choice CU | Farmington Hills, MI | 13 | $45,000 | 6.8% |
| 18 | JPMorgan Chase Bank | Columbus, OH | 13 | $507,354 | 6.8% |
| 19 | BancorpSouth Bank | Tupelo, MS | 12 | $228,658 | 7.9% |
| 20 | Citizens Bank | Providence, RI | 12 | $716,583 | 7.3% |
| 21 | Credit Union One | Ferndale, MI | 12 | $279,825 | 5.7% |
| 22 | Old National Bank | Evansville, IN | 12 | $1,113,192 | 6.6% |
| 23 | Byline Bank | Chicago, IL | 11 | $760,864 | 7.0% |
| 24 | ChoiceOne Bank | Sparta, MI | 11 | $736,100 | 6.1% |
| 25 | 1st Source Bank | South Bend, IN | 10 | $262,040 | 6.4% |
| 26 | Citizens Bank | Elizabethton, TN | 10 | $862,660 | 7.2% |
| 27 | Horizon Bank | Michigan City, IN | 10 | $1,140,530 | 6.4% |
| 28 | Flagstar Bank | Hicksville, NY | 9 | $349,111 | 5.5% |
| 29 | Independent Bank | Grand Rapids, MI | 9 | $714,278 | 5.4% |
| 30 | Nicolet National Bank | Green Bay, WI | 9 | $578,656 | 5.7% |
| 31 | 1st State Bank | Saginaw, MI | 8 | $248,363 | 6.8% |
| 32 | Bank of America | Charlotte, NC | 8 | $438,088 | 3.1% |
| 33 | First National Bank of Michigan | Kalamazoo, MI | 8 | $822,088 | 6.5% |
| 34 | Citizens National Bank of Cheboygan | Cheboygan, MI | 7 | $447,100 | 4.8% |
| 35 | Highpoint Community Bank | Hastings, MI | 7 | $414,429 | 6.3% |
| 36 | Teachers CU | South Bend, IN | 7 | $1,038,914 | 7.5% |
| 37 | Grasshopper Bank | New York City, NY | 6 | $902,917 | 7.9% |
| 38 | The Dart Bank | Mason, MI | 6 | $600,517 | 5.7% |
| 39 | U.S. Bank | Cincinnati, OH | 6 | $106,633 | 8.1% |
| 40 | Bank Five Nine | Oconomowoc, WI | 5 | $1,142,200 | 5.1% |
1. The Huntington National Bank
With a focus on regional growth, The Huntington National Bank, based in Columbus, OH, takes the lead in Michigan with 1,005 SBA loans. Offering a balance between accessibility and substantial funding, the bank caters to businesses with varying financial needs at a competitive interest rate of 6.9%.
2. The State Bank
The State Bank, based in Fenton, MI, is a local player making a significant impact with 71 SBA loans. Specializing in moderate-sized loans, it provides accessibility to businesses at a competitive average interest rate of 6.0%.
3. Comerica Bank
A national player with headquarters in Dallas, TX, Comerica Bank actively participates in Michigan’s SBA lending landscape with 54 loans. Catering to businesses with substantial financing needs, it offers loans at a competitive interest rate of 5.9%.
4. Live Oak
Live Oak, headquartered in Wilmington, NC, provides substantial financing to Michigan businesses with 38 SBA loans. With a focus on high-value loans (averaging $1,396,868), Live Oak caters to businesses with significant funding needs at a competitive interest rate of 6.6%.
5. United Midwest Savings Bank
United Midwest Savings Bank, based in De Graff, OH, extends its services to Michigan with 34 loans averaging $174,971. Striking a balance between accessibility and loan size, it provides a reliable option for businesses seeking moderate financing at a competitive interest rate of 6.9%.
6. First Internet Bank of Indiana
Hailing from Fishers, IN, First Internet Bank of Indiana actively engages in Michigan’s SBA lending market with 33 loans. Specializing in substantial financing, it caters to businesses with significant funding needs at a competitive interest rate of 7.4%.
7. Fifth Third Bank
Cincinnati, OH-based Fifth Third Bank plays a crucial role in Michigan’s SBA lending landscape with 32 loans. Striking a balance between loan quantity and size, it caters to businesses with varying financial needs at a competitive interest rate of 6.7%.
8. Newtek Small Business Finance
Newtek Small Business Finance, headquartered in Lake Success, NY, actively participates in Michigan’s business community. With 25 loans averaging $538,912, it provides a reliable option for businesses with substantial financing needs at a competitive interest rate of 7.4%.
9. Oxford Bank
Oxford Bank, based in Oxford, MI, actively contributes to Michigan’s SBA lending landscape with 25 loans averaging $460,476. Striking a balance between accessibility and substantial funding, it caters to businesses with varying financial needs at a competitive interest rate of 7.5%.
10. BayFirst National Bank
BayFirst National Bank, though based in Saint Petersburg, FL, is a reliable option for Michigan businesses. Offering 23 loans, it provides accessible financing with a focus on smaller-sized loans at a moderate interest rate of 8.7%.
In conclusion, Michigan businesses have a diverse array of SBA lending options, ranging from local institutions to nationally recognized banks. Entrepreneurs should carefully consider factors such as the lender’s regional focus, loan quantity, average loan amount, and interest rates to make informed decisions that align with their business objectives. Whether seeking smaller, more accessible loans or substantial financial support, these top SBA lenders offer valuable resources to navigate the dynamic business environment in the Great Lakes State.
Top Industries for SBA loans in Michigan
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | General Freight Trucking, Long Distance, Truckload | 170 | $107,479 | 7.1% |
| 2 | Full-Service Restaurants | 75 | $310,547 | 6.8% |
| 3 | Limited-Service Restaurants | 65 | $585,975 | 6.8% |
| 4 | Plumbing, Heating, and Air-Conditioning Contractors | 43 | $439,460 | 6.6% |
| 5 | General Freight Trucking, Local | 42 | $213,657 | 7.0% |
| 6 | Residential Remodelers | 42 | $81,064 | 7.2% |
| 7 | All Other Specialty Trade Contractors | 37 | $385,665 | 6.7% |
| 8 | General Automotive Repair | 36 | $273,769 | 6.6% |
| 9 | Beauty Salons | 33 | $193,709 | 6.5% |
| 10 | Landscaping Services | 32 | $236,644 | 6.6% |
| 11 | Electrical Contractors | 30 | $367,333 | 6.5% |
| 12 | Insurance Agencies and Brokerages | 26 | $457,577 | 6.9% |
| 13 | Fitness and Recreational Sports Centers | 24 | $296,463 | 7.1% |
| 14 | Offices of Chiropractors | 21 | $157,619 | 6.6% |
| 15 | All Other Personal Services | 20 | $337,710 | 6.7% |
| 16 | Home Health Care Services | 20 | $398,145 | 6.1% |
| 17 | Janitorial Services | 19 | $366,421 | 6.7% |
| 18 | Child Day Care Services | 19 | $397,032 | 6.1% |
| 19 | Hotels (except Casino Hotels) and Motels | 18 | $2,066,394 | 6.0% |
| 20 | Other Personal Care Services | 17 | $270,535 | 6.4% |
| 21 | Offices of Dentists | 16 | $957,200 | 6.4% |
| 22 | Snack and Nonalcoholic Beverage Bars | 15 | $304,720 | 6.7% |
| 23 | Supermarkets and Other Grocery (except Convenience) Stores | 15 | $1,419,987 | 6.3% |
| 24 | Offices of Lawyers | 14 | $241,579 | 6.8% |
| 25 | Poured Concrete Foundation and Structure Contractors | 13 | $136,000 | 6.7% |
| 26 | All Other Professional, Scientific, and Technical Services | 12 | $418,200 | 7.3% |
| 27 | Lessors of Miniwarehouses and Self-Storage Units | 11 | $1,564,145 | 5.3% |
| 28 | Mobile Food Services | 11 | $62,636 | 6.9% |
| 29 | Specialized Freight (except Used Goods) Trucking, Local | 11 | $88,964 | 7.5% |
| 30 | Car Washes | 10 | $1,208,800 | 6.3% |
| 31 | Drinking Places (Alcoholic Beverages) | 10 | $352,000 | 7.5% |
| 32 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 9 | $46,567 | 7.1% |
| 33 | Site Preparation Contractors | 9 | $110,356 | 7.0% |
| 34 | Painting and Wall Covering Contractors | 9 | $39,578 | 7.3% |
| 35 | Engineering Services | 9 | $117,300 | 7.5% |
| 36 | Flooring Contractors | 9 | $131,144 | 7.0% |
| 37 | Custom Computer Programming Services | 9 | $679,844 | 7.2% |
| 38 | Machine Shops | 9 | $547,900 | 7.1% |
| 39 | General Freight Trucking, Long-Distance, Less Than Truckload | 8 | $93,925 | 7.4% |
| 40 | Administrative Management and General Management Consulting Services | 8 | $168,300 | 8.3% |
Top SBA Loan Franchises in Michigan
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Biggby Coffee | 5 | $268,960 | 7.0% |
| 2 | Biggby Coffee | 4 | $305,250 | 6.6% |
| 3 | Wing Snob | 4 | $284,725 | 7.1% |
| 4 | JDog Junk Removal & Hauling | 4 | $150,000 | 7.5% |
| 5 | Econo Lodge | 3 | $2,054,667 | 6.1% |
| 6 | Oxi Fresh Carpet Cleaning | 3 | $89,200 | 6.9% |
| 7 | Little Caesars | 3 | $753,000 | 6.9% |
| 8 | Quality Inn | 3 | $3,784,667 | 6.1% |
| 9 | The UPS Store | 3 | $102,967 | 8.4% |
| 10 | Firehouse Subs | 2 | $287,200 | 7.9% |
| 11 | Jersey Mike’s | 2 | $407,700 | 7.5% |
| 12 | Dairy Queen Operating Agreemen | 2 | $1,788,750 | 5.5% |
| 13 | College Hunks Hauling Junk | 2 | $150,000 | 6.0% |
| 14 | Chrysler – Sales and Service A | 2 | $1,740,500 | 5.9% |
| 15 | Medi-Weightloss | 2 | $112,500 | 9.8% |
| 16 | Property Management Inc. | 2 | $150,000 | 6.3% |
| 17 | House Doctors | 2 | $100,000 | 6.8% |
| 18 | Nothing Bundt Cakes | 2 | $726,950 | 6.3% |
| 19 | Crumbl | 2 | $492,500 | 6.6% |
| 20 | Beyond Juicery + Eatery | 2 | $423,600 | 7.1% |
| 21 | Sam the Concrete Man | 2 | $150,000 | 6.0% |
| 22 | Mosquito Shield | 2 | $150,000 | 6.0% |
| 23 | The Grounds Guys | 2 | $150,000 | 6.3% |
| 24 | Fundraising University | 2 | $150,000 | 6.3% |
| 25 | The Joint…The Chiropractic P | 2 | $242,500 | 6.4% |
| 26 | Mosquito Joe | 2 | $150,000 | 9.8% |
| 27 | X-Golf | 2 | $949,500 | 7.4% |
| 28 | PickUp USA Fitness | 2 | $255,500 | 8.3% |
| 29 | Black-eyed Pea – Intellectual | 2 | $142,500 | 8.3% |
| 30 | Cloverleaf Pizza | 2 | $151,000 | 6.0% |
| 31 | I Heart Mac & Cheese | 2 | $190,000 | 6.0% |
| 32 | UNITS | 2 | $1,616,500 | 4.9% |
| 33 | BrightStar Care | 2 | $1,625,850 | 5.5% |
| 34 | ComForCare Home Care | 2 | $130,000 | 6.3% |
| 35 | Comfort Keepers | 2 | $216,000 | 4.9% |
| 36 | Comfort Suites | 2 | $3,306,000 | 7.0% |
| 37 | Super 8 | 2 | $1,457,000 | 6.8% |
| 38 | Detroit Wing Company | 2 | $383,200 | 6.9% |
| 39 | Window Genie | 2 | $150,000 | 8.3% |
| 40 | iCode | 2 | $175,000 | 7.5% |
Top Michigan SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | GREEN GARDEN CHILD DEVELOPMENT | Madison Heights, MI | Child Day Care Services | $250K – $500K | 5.4% | 194 |
| 2 | COTOPAXI LLC | West Branch, MI | General Freight Trucking, Local | $250K – $500K | 5.0% | 179 |
| 3 | FOMCORE LLC | Muskegon, MI | Reupholstery and Furniture Repair | $250K – $500K | 6.3% | 149 |
| 4 | ELEVATED TECHNOLOGIES INC. | Grand Rapids, MI | Other Building Equipment Contractors | $2.5M – $5M | 7.3% | 149 |
| 5 | TMP OPCO LLC | Westland, MI | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 6.0% | 136 |
| 6 | VHM ENTERPRISES INC. | Southfield, MI | Janitorial Services | $1M – $2.5M | 8.5% | 132 |
| 7 | OPTIMAL HOME HEALTH LLC | Plymouth, MI | Home Health Care Services | $250K or less | 4.9% | 120 |
| 8 | PIERCE POWERLINE CO LLC | Saginaw, MI | Power and Communication Line and Related Structures Construction | $1M – $2.5M | 6.6% | 112 |
| 9 | 2AM LLC | Linwood, MI | Cookie and Cracker Manufacturing | $250K or less | 6.0% | 106 |
| 10 | DAVIS AND BROTHERS TRUCKING LL | Perry, MI | Used Household and Office Goods Moving | $250K or less | 6.0% | 102 |
| 11 | CULVER’S OF WASHINGTON TOWNSHI | Washington, MI | Limited-Service Restaurants | $500K – $1M | 5.5% | 101 |
| 12 | MONACO FAMILY ENTERPRISES INC | Ferndale, MI | Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | $250K or less | 6.0% | 100 |
| 13 | MILLER HOME CARE SERVICES INC | Brighton, MI | Home Health Care Services | $1M – $2.5M | 5.5% | 100 |
| 14 | MOSS AUDIO CORPORATION | Grand Rapids, MI | All Other Professional, Scientific, and Technical Services | $2.5M – $5M | 6.3% | 100 |
| 15 | MULTI DRYWALL & PARTITION LLC | Farmington Hills, MI | Drywall and Insulation Contractors | $1M – $2.5M | 7.3% | 98 |
| 16 | TAG-WA LLC | Southfield, MI | Other Motor Vehicle Parts Manufacturing | $500K – $1M | 6.0% | 92 |
| 17 | BLUESTONE CHILDREN’S CENTER LL | Livonia, MI | Offices of Mental Health Practitioners (except Physicians) | $2.5M – $5M | 8.3% | 92 |
| 18 | ELITE TECHNOLOGY GROUP LLC | Kalamazoo, MI | Custom Computer Programming Services | $500K – $1M | 6.9% | 90 |
| 19 | AEMM FAMILY HOLDINGS INC. | Birmingham, MI | Limited-Service Restaurants | $2.5M – $5M | 5.5% | 87 |
| 20 | CAROLE CAMPBELL LLC | Westland, MI | Limited-Service Restaurants | $2.5M – $5M | 6.3% | 85 |
| 21 | PENTANGLE TECH SERVICES LLC | Farmington Hiils, MI | Other Management Consulting Services | $250K – $500K | 7.5% | 80 |
| 22 | MILLER HOME CARE SERVICES INC | East Lansing, MI | Home Health Care Services | $1M – $2.5M | 5.5% | 80 |
| 23 | RM TRUCKING INC. | Zeeland, MI | General Freight Trucking, Long Distance, Truckload | $2.5M – $5M | 6.5% | 75 |
| 24 | PRIMETIME PROPERTIES – MILHAM | Portage, MI | Beauty Salons | $250K – $500K | 8.0% | 74 |
| 25 | STATE ELECTRIC COMPANY INC. | Holly, MI | Electrical Contractors | $1M – $2.5M | 6.3% | 70 |
| 26 | CLEARWAVES INC. | Traverse City, MI | Limited-Service Restaurants | $500K – $1M | 4.8% | 68 |
| 27 | BOTANY BAY ENTERPRISES LLC | Waterford, MI | Home Health Care Services | $1M – $2.5M | 5.0% | 68 |
| 28 | GRACZYK HOLDINGS LLC | Chesterfield, MI | Boat Building | $1M – $2.5M | 5.3% | 67 |
| 29 | TAG-WA LLC | Wixom, MI | Other Motor Vehicle Parts Manufacturing | $500K – $1M | 6.8% | 66 |
| 30 | KNICKERBOCKER 365 INC. | Madison Heights, MI | Food Service Contractors | $2.5M – $5M | 6.0% | 66 |
| 31 | THE TAVERN KITCHEN & BAR LLC | Fenton, MI | Full-Service Restaurants | $500K – $1M | 7.0% | 65 |
| 32 | SABO COOKIES AND CREAM LLC | Linden, MI | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 4.8% | 62 |
| 33 | DM MICHIGAN LLC | Madison Heights, MI | Commercial Gravure Printing | $1M – $2.5M | 8.0% | 62 |
| 34 | DOLLINS CONSTRUCTION INC. | Clinton, MI | New Multifamily Housing Construction (except Operative Builders) | $2.5M – $5M | 6.2% | 61 |
| 35 | MAKPAR FOODS INC. | Kalamazoo, MI | Supermarkets and Other Grocery (except Convenience) Stores | $500K – $1M | 4.8% | 60 |
| 36 | BILDERBECK FOODS LLC | Holland, MI | Limited-Service Restaurants | $1M – $2.5M | 6.3% | 60 |
| 37 | THE VILLAGE CHILDCARE CENTER L | Kalamazoo, MI | Child Day Care Services | $250K or less | 8.3% | 59 |
| 38 | FIRST DAY HOMECARE LLC | Flint, MI | Home Health Care Services | $250K – $500K | 5.3% | 58 |
| 39 | TWI ACQUISITION LLC | Greenville, MI | Full-Service Restaurants | $250K or less | 9.0% | 56 |
| 40 | WING & SHOT LLC | Goodrich, MI | Support Activities for Animal Production | $250K or less | 6.8% | 56 |
| 41 | AMI CONTRACTING INC. | Flint, MI | Computer Systems Design Services | $500K – $1M | 7.5% | 56 |
| 42 | PINK BOX LLC | Canton, MI | Limited-Service Restaurants | $500K – $1M | 9.0% | 55 |
| 43 | BIG LAKES-51540 ROMEO PLANK LL | Macomb, MI | Landscaping Services | $500K – $1M | 4.5% | 55 |
| 44 | TGR LAND HOLDINGS LLC | Auburn Hills, MI | Landscaping Services | $1M – $2.5M | 7.5% | 55 |
| 45 | A-RAY-A LLC | Detroit, MI | Limited-Service Restaurants | $2.5M – $5M | 4.5% | 55 |
| 46 | MURRAYS ASPHALT MAINTENANCE LL | Woodland, MI | All Other Specialty Trade Contractors | $250K or less | 7.5% | 54 |
| 47 | GCMR OPERATING LLC | Glen Arbor, MI | Marinas | $500K – $1M | 5.5% | 54 |
| 48 | COUNTY LINE POWER LLC | Hope, MI | Electrical Contractors | $250K – $500K | 6.3% | 52 |
| 49 | PLYMOUTH SENIOR SERVICES LLC | Plymouth, MI | Services for the Elderly and Persons with Disabilities | $500K – $1M | 8.3% | 52 |
| 50 | LGRTC 1 LLC | Bloomfield Hills, MI | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 6.0% | 51 |
| 51 | PEAK PERFORMANCE SKINCARE LLC | Ann Arbor, MI | Other Personal Care Services | $1M – $2.5M | 7.3% | 51 |
| 52 | EJKJ LOGISTICS INC. | Troy, MI | General Freight Trucking, Local | $250K or less | 7.0% | 50 |
| 53 | FAIRLANE DENTAL LABORATORY IN | Livonia, MI | Dental Laboratories | $500K – $1M | 8.3% | 50 |
| 54 | CREGGER MECHANICAL SYSTEMS INC | Ferndale, MI | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 7.5% | 50 |
| 55 | TAPLIN HOLDINGS LLC | Kalamazoo, MI | Remediation Services | $2.5M – $5M | 5.7% | 50 |
| 56 | NATURALICIOUS INC | Livonia, MI | All Other Personal Services | $250K or less | 5.8% | 48 |
| 57 | CLOVERLEAF PIZZA OF CLAWSON L | Clawson, MI | Full-Service Restaurants | $250K or less | 6.0% | 48 |
| 58 | RCM GRILL INC. | Beverly Hills, MI | Full-Service Restaurants | $250K – $500K | 8.3% | 48 |
| 59 | CERTUS MEDICAL LLC | East Lansing, MI | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | $500K – $1M | 5.2% | 46 |
| 60 | BIG LAKES LAWNCARE LLC | Macomb, MI | Landscaping Services | $250K or less | 4.8% | 45 |
| 61 | THE GODDARD SCHOOL – BEVERLY H | Beverly Hills, MI | Child Day Care Services | $250K – $500K | 5.0% | 45 |
| 62 | CEREAL CITY AUTO PARTS INC. | Battle Creek, MI | Motor Vehicle Supplies and New Parts Merchant Wholesalers | $2.5M – $5M | 4.7% | 45 |
| 63 | VAN ATTA HOLDINGS INC. | Haslett, MI | $2.5M – $5M | 4.0% | 45 | |
| 64 | HOME CARE WELLNESS LLC | Lincoln Park, MI | Home Health Care Services | $250K or less | 7.5% | 44 |
| 65 | A&G CORPORATE HOLDINGS LLC | Livonia, MI | Construction Machinery Manufacturing | $250K or less | 6.3% | 42 |
| 66 | WABISABI300 LLC | Frankfort, MI | Full-Service Restaurants | $250K – $500K | 5.8% | 42 |
| 67 | THE ONE IN THE MIDDLE LLC | East Lansing, MI | Full-Service Restaurants | $1M – $2.5M | 4.3% | 42 |
| 68 | HEAVY DUTY CLEANING LLC | Fenton, MI | Other Services to Buildings and Dwellings | $250K or less | 6.3% | 41 |
| 69 | FOSTER FAMILY SERVICES LLC | Belleville, MI | Home Health Care Services | $250K or less | 6.5% | 41 |
| 70 | MJH & COMPANY LLC | Saginaw, MI | $250K or less | 9.0% | 41 | |
| 71 | CLK TRANSPORT INC | Buckley, MI | Couriers | $500K – $1M | 7.3% | 41 |
| 72 | W DESIGN AND DEVELOPMENT L.L.C | Canton, MI | All Other Miscellaneous Schools and Instruction | $250K or less | 7.5% | 40 |
| 73 | PRH RESTAURANT GROUP LLC | Saginaw, MI | Full-Service Restaurants | $250K or less | 6.0% | 40 |
| 74 | PITA WAY BLOOMFIELD LLC | Bloomfield Hills, MI | Limited-Service Restaurants | $250K or less | 8.3% | 40 |
| 75 | PITA WAY HOWELL LLC | Howell, MI | Limited-Service Restaurants | $250K or less | 8.3% | 40 |
| 76 | RKR WILLIAMS LLC | Niles, MI | Limited-Service Restaurants | $250K – $500K | 7.9% | 40 |
| 77 | DESIGN STUDIO EAST LLC | Marshall, MI | Beauty Salons | $250K – $500K | 6.5% | 40 |
| 78 | PITA WAY BERKLEY LLC | Berkley, MI | Limited-Service Restaurants | $250K – $500K | 8.3% | 40 |
| 79 | PITA WAY PORTAGE LLC | Portage, MI | Limited-Service Restaurants | $250K – $500K | 8.3% | 40 |
| 80 | LIFESTYLE BRANDS INC. | Rochester Hills, MI | Other Personal Care Services | $250K – $500K | 8.8% | 40 |
| 81 | PITA WAY LAPEER LLC | Lapeer, MI | Limited-Service Restaurants | $250K – $500K | 8.3% | 40 |
| 82 | GANZAK ENTERPRISES LLC | Big Rapids, MI | Limited-Service Restaurants | $250K – $500K | 8.8% | 40 |
| 83 | TAP-IN’S LLC | Howell, MI | All Other Amusement and Recreation Industries | $500K – $1M | 6.5% | 40 |
| 84 | MATTHYSSE KUIPER DEGRAAF FUNER | Hudsonville, MI | Funeral Homes and Funeral Services | $500K – $1M | 6.0% | 40 |
| 85 | MCINERNEY NAGLE INVESTMENT COR | Alpena, MI | New Car Dealers | $500K – $1M | 4.5% | 40 |
| 86 | NERDS XPRESS LLC | Southfield, MI | Custom Computer Programming Services | $1M – $2.5M | 6.8% | 40 |
| 87 | EHLERS SERVICE NETWORK LLC | Livonia, MI | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 6.4% | 40 |
| 88 | RADFACTOR LLC | Walker, MI | Nonupholstered Wood Household Furniture Manufacturing | $1M – $2.5M | 4.9% | 40 |
| 89 | SCOPO HOSPITALITY L.L.C. | Ada, MI | Full-Service Restaurants | $1M – $2.5M | 8.3% | 40 |
| 90 | CBK CONSTRUCTION LLC | Holland, MI | Commercial and Institutional Building Construction | $1M – $2.5M | 6.0% | 40 |
| 91 | BOYER’S MEAT CUSTOM PROCESSING | Wayne, MI | Animal (except Poultry) Slaughtering | $2.5M – $5M | 6.0% | 40 |
| 92 | GRAND TRAVERSE JANITORIAL LLC | Traverse City, MI | Janitorial Services | $1M – $2.5M | 5.5% | 39 |
| 93 | BEARDS BREWERY LLC | Petoskey, MI | Full-Service Restaurants | $250K or less | 4.3% | 38 |
| 94 | MROUEH HOLDING LLC | Garden City, MI | Child Day Care Services | $500K – $1M | 3.0% | 38 |
| 95 | DRAKE COMPANY INCORPORATED | Wyoming, MI | Plumbing, Heating, and Air-Conditioning Contractors | $500K – $1M | 4.9% | 38 |
| 96 | HILLSDALE CLASSICAL L.L.C | Hillsdale, MI | Elementary and Secondary Schools | $250K – $500K | 5.3% | 37 |
| 97 | ZANDO GROUP INC. | Brighton, MI | Drinking Places (Alcoholic Beverages) | $1M – $2.5M | 6.0% | 37 |
| 98 | CHARLES AND LLOYD ENTERPRISES | Birmingham, MI | Beauty Salons | $250K or less | 8.3% | 36 |
| 99 | J & L RESTORATION AND CLEANING | Lansing, MI | Residential Remodelers | $250K – $500K | 5.9% | 36 |
| 100 | LUBECON USA LLC | White Cloud, MI | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Sta | $1M – $2.5M | 6.3% | 36 |
Note about SBA lenders near me in Michigan
When it comes to top Michigan SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Michigan preferred lender list, 2) approved lenders in Michigan, or 3) active participants in the Michigan SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Michigan swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Michigan, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.