Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
Michigan · Restaurants & Hotels
SBA loans for restaurants & hotels in Michigan
4,812 loans worth $2.39B approved since FY2010 for accommodation and food services projects located in Michigan.
Loans
4,812
Approved
$2.39B
Median loan
$210,400
-30% vs sector nationally
Median rate
6.25%
Jobs supported
83,592
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to restaurants & hotels in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 1,929 | $417.9M | |
| Michigan Certified Development Corporation | 316 | $279.4M | |
| Shoreham Bank | 48 | $131.1M | |
| Great Lakes Commercial Finance | 152 | $114.2M | |
| First Western SBLC, LLC | 47 | $74.5M | |
| Fifth Third Bank | 165 | $69.4M | |
| GBank | 19 | $59.7M | |
| ChoiceOne Bank | 83 | $50.5M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for restaurants & hotels in Michigan since FY2010 was $210,400. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Michigan
39,327 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Michigan?
- 4,812 SBA loans totalling $2,387,135,000 have been approved for accommodation and food services projects in Michigan since FY2010.
- Which lenders finance restaurants & hotels in Michigan?
- The most active by dollars approved are The Huntington National Bank, Michigan Certified Development Corporation, Shoreham Bank, Great Lakes Commercial Finance. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Michigan?
- The median approval is $210,400, 30% below the national median for this sector ($300,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.