Michigan · Arts & Recreation
SBA loans for arts & recreation in Michigan
1,225 loans worth $599.9M approved since FY2010 for arts, entertainment, and recreation projects located in Michigan.
Loans
1,225
Approved
$599.9M
Median loan
$181,000
-21% vs sector nationally
Median rate
6.75%
Jobs supported
14,170
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 arts & recreation in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 550 | $155.8M | |
| Michigan Certified Development Corporation | 56 | $50.5M | |
| Great Lakes Commercial Finance | 42 | $38.5M | |
| Fifth Third Bank | 50 | $37.2M | |
| Old National Bank | 16 | $18.2M | |
| ChoiceOne Bank | 18 | $14.3M | |
| Live Oak Banking Company | 17 | $13.9M | |
| KeyBank | 7 | $12.5M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Arts & Recreation nationally
33,312 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to arts & recreation businesses in Michigan?
- 1,225 SBA loans totalling $599,866,200 have been approved for arts, entertainment, and recreation projects in Michigan since FY2010.
- Which lenders finance arts & recreation in Michigan?
- The most active by dollars approved are The Huntington National Bank, Michigan Certified Development Corporation, Great Lakes Commercial Finance, Fifth Third Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for arts & recreation in Michigan?
- The median approval is $181,000, 21% below the national median for this sector ($228,400).
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