Michigan · Information
SBA loans for information in Michigan
267 loans worth $104.7M approved since FY2010 for information projects located in Michigan.
Loans
267
Approved
$104.7M
Median loan
$150,000
+0% vs sector nationally
Median rate
6.25%
Jobs supported
2,515
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 information in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 93 | $18.3M | |
| Live Oak Banking Company | 8 | $13.0M | |
| Newtek Small Business Finance, Inc. | 6 | $9.8M | |
| ChoiceOne Bank | 10 | $6.9M | |
| Independent Bank | 3 | $4.8M | |
| Fifth Third Bank | 8 | $4.2M | |
| JPMorgan Chase Bank | 14 | $4.0M | |
| Great Lakes Commercial Finance | 9 | $3.8M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Information nationally
11,001 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to information businesses in Michigan?
- 267 SBA loans totalling $104,736,300 have been approved for information projects in Michigan since FY2010.
- Which lenders finance information in Michigan?
- The most active by dollars approved are The Huntington National Bank, Live Oak Banking Company, Newtek Small Business Finance, Inc., ChoiceOne Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for information in Michigan?
- The median approval is $150,000.
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