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Michigan · Health Care
SBA loans for health care in Michigan
3,321 loans worth $1.34B approved since FY2010 for health care and social assistance projects located in Michigan.
Loans
3,321
Approved
$1.34B
Median loan
$167,000
-33% vs sector nationally
Median rate
6.25%
Jobs supported
40,483
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 health care in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 1,135 | $292.3M | |
| Michigan Certified Development Corporation | 254 | $150.5M | |
| Live Oak Banking Company | 85 | $116.7M | |
| Fifth Third Bank | 177 | $70.2M | |
| ChoiceOne Bank | 98 | $63.7M | |
| Great Lakes Commercial Finance | 124 | $62.6M | |
| JPMorgan Chase Bank | 220 | $40.1M | |
| United Midwest Savings Bank | 53 | $35.5M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for health care in Michigan since FY2010 was $167,000. 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.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in Michigan?
- 3,321 SBA loans totalling $1,344,795,900 have been approved for health care and social assistance projects in Michigan since FY2010.
- Which lenders finance health care in Michigan?
- The most active by dollars approved are The Huntington National Bank, Michigan Certified Development Corporation, Live Oak Banking Company, Fifth Third Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for health care in Michigan?
- The median approval is $167,000, 33% below the national median for this sector ($250,000).
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