Michigan · Professional Services
SBA loans for professional services in Michigan
2,795 loans worth $886.6M approved since FY2010 for professional, scientific, and technical services projects located in Michigan.
Loans
2,795
Approved
$886.6M
Median loan
$137,800
-8% vs sector nationally
Median rate
6.50%
Jobs supported
25,065
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 professional services in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 1,006 | $204.2M | |
| Michigan Certified Development Corporation | 123 | $60.5M | |
| Live Oak Banking Company | 58 | $57.3M | |
| Fifth Third Bank | 156 | $49.4M | |
| JPMorgan Chase Bank | 226 | $37.5M | |
| Independent Bank | 38 | $35.5M | |
| Great Lakes Commercial Finance | 58 | $31.2M | |
| PNC Bank | 61 | $23.5M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Professional Services nationally
101,046 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to professional services businesses in Michigan?
- 2,795 SBA loans totalling $886,573,000 have been approved for professional, scientific, and technical services projects in Michigan since FY2010.
- Which lenders finance professional services 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 professional services in Michigan?
- The median approval is $137,800, 8% below the national median for this sector ($150,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.