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 · Construction
SBA loans for construction in Michigan
4,276 loans worth $957.2M approved since FY2010 for construction projects located in Michigan.
Loans
4,276
Approved
$957.2M
Median loan
$100,000
+0% vs sector nationally
Median rate
6.50%
Jobs supported
30,540
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 construction in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 2,448 | $304.8M | |
| Fifth Third Bank | 226 | $79.4M | |
| Michigan Certified Development Corporation | 86 | $42.5M | |
| ChoiceOne Bank | 101 | $40.5M | |
| Great Lakes Commercial Finance | 62 | $34.3M | |
| JPMorgan Chase Bank | 204 | $31.2M | |
| Live Oak Banking Company | 32 | $25.4M | |
| Old National Bank | 38 | $18.1M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in Michigan since FY2010 was $100,000. 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.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Michigan?
- 4,276 SBA loans totalling $957,173,600 have been approved for construction projects in Michigan since FY2010.
- Which lenders finance construction in Michigan?
- The most active by dollars approved are The Huntington National Bank, Fifth Third Bank, Michigan Certified Development Corporation, ChoiceOne Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Michigan?
- The median approval is $100,000.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.