Michigan · Manufacturing
SBA loans for manufacturing in Michigan
728 loans worth $287.5M approved since FY2010 for manufacturing projects located in Michigan.
Loans
728
Approved
$287.5M
Median loan
$144,000
-28% vs sector nationally
Median rate
6.25%
Jobs supported
9,485
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 manufacturing in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 269 | $62.4M | |
| Michigan Certified Development Corporation | 34 | $19.8M | |
| Great Lakes Commercial Finance | 33 | $18.7M | |
| Live Oak Banking Company | 6 | $14.3M | |
| Old National Bank | 9 | $11.9M | |
| Nicolet National Bank | 9 | $11.6M | |
| ChoiceOne Bank | 17 | $9.8M | |
| First Internet Bank of Indiana | 5 | $9.1M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in Michigan?
- 728 SBA loans totalling $287,502,800 have been approved for manufacturing projects in Michigan since FY2010.
- Which lenders finance manufacturing in Michigan?
- The most active by dollars approved are The Huntington National Bank, Michigan Certified Development Corporation, Great Lakes Commercial Finance, Live Oak Banking Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in Michigan?
- The median approval is $144,000, 28% below the national median for this sector ($200,000).
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