Michigan · Real Estate
SBA loans for real estate in Michigan
813 loans worth $448.8M approved since FY2010 for real estate and rental and leasing projects located in Michigan.
Loans
813
Approved
$448.8M
Median loan
$240,000
-4% vs sector nationally
Median rate
6.00%
Jobs supported
5,278
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 real estate in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 241 | $60.4M | |
| Michigan Certified Development Corporation | 76 | $60.0M | |
| Live Oak Banking Company | 15 | $35.1M | |
| ChoiceOne Bank | 34 | $33.0M | |
| Great Lakes Commercial Finance | 38 | $23.1M | |
| Fifth Third Bank | 23 | $21.1M | |
| Bank Five Nine | 13 | $17.3M | |
| Old National Bank | 12 | $13.2M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Real Estate nationally
25,262 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to real estate businesses in Michigan?
- 813 SBA loans totalling $448,803,300 have been approved for real estate and rental and leasing projects in Michigan since FY2010.
- Which lenders finance real estate in Michigan?
- The most active by dollars approved are The Huntington National Bank, Michigan Certified Development Corporation, Live Oak Banking Company, ChoiceOne Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for real estate in Michigan?
- The median approval is $240,000.
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