Michigan · Other Services
SBA loans for other services in Michigan
3,282 loans worth $1.07B approved since FY2010 for other services (except public administration) projects located in Michigan.
Loans
3,282
Approved
$1.07B
Median loan
$120,500
-23% vs sector nationally
Median rate
6.38%
Jobs supported
24,780
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 other services in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 1,433 | $226.9M | |
| Live Oak Banking Company | 73 | $111.7M | |
| Michigan Certified Development Corporation | 154 | $64.8M | |
| Fifth Third Bank | 130 | $45.0M | |
| Great Lakes Commercial Finance | 80 | $44.8M | |
| Celtic Bank Corporation | 36 | $31.8M | |
| Newtek Small Business Finance, Inc. | 28 | $25.4M | |
| Old National Bank | 33 | $23.9M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Other Services nationally
97,019 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to other services businesses in Michigan?
- 3,282 SBA loans totalling $1,071,671,000 have been approved for other services (except public administration) projects in Michigan since FY2010.
- Which lenders finance other services in Michigan?
- The most active by dollars approved are The Huntington National Bank, Live Oak Banking Company, Michigan Certified Development Corporation, Fifth Third Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for other services in Michigan?
- The median approval is $120,500, 23% below the national median for this sector ($156,200).
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