Michigan · Agriculture
SBA loans for agriculture in Michigan
263 loans worth $106.1M approved since FY2010 for agriculture, forestry, fishing and hunting projects located in Michigan.
Loans
263
Approved
$106.1M
Median loan
$143,000
-28% vs sector nationally
Median rate
6.25%
Jobs supported
1,983
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 agriculture in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 131 | $28.7M | |
| Live Oak Banking Company | 7 | $14.4M | |
| Nicolet National Bank | 7 | $9.2M | |
| Great North Bank | 6 | $8.2M | |
| Michigan Certified Development Corporation | 7 | $7.8M | |
| Great Lakes Commercial Finance | 7 | $5.5M | |
| Legence Bank | 3 | $3.1M | |
| Bank of Ann Arbor | 10 | $2.6M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Agriculture nationally
13,339 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to agriculture businesses in Michigan?
- 263 SBA loans totalling $106,147,200 have been approved for agriculture, forestry, fishing and hunting projects in Michigan since FY2010.
- Which lenders finance agriculture in Michigan?
- The most active by dollars approved are The Huntington National Bank, Live Oak Banking Company, Nicolet National Bank, Great North Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for agriculture in Michigan?
- The median approval is $143,000, 28% below the national median for this sector ($200,000).
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