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
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).
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