Michigan · Transportation
SBA loans for transportation in Michigan
5,030 loans worth $590.1M approved since FY2010 for transportation and warehousing projects located in Michigan.
Loans
5,030
Approved
$590.1M
Median loan
$43,800
-32% vs sector nationally
Median rate
5.95%
Jobs supported
18,789
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 transportation in Michigan
| Lender | Loans | Approved | Share |
|---|---|---|---|
| The Huntington National Bank | 4,348 | $309.5M | |
| Fifth Third Bank | 71 | $33.1M | |
| ChoiceOne Bank | 20 | $20.3M | |
| Michigan Certified Development Corporation | 27 | $16.6M | |
| Great Lakes Commercial Finance | 21 | $12.9M | |
| Independent Bank | 11 | $12.3M | |
| JPMorgan Chase Bank | 106 | $11.7M | |
| Citizens Bank | 43 | $10.7M |
Detail
Which industries inside the sector
All SBA lending in Michigan
39,327 loans across every sector.
Transportation nationally
49,317 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to transportation businesses in Michigan?
- 5,030 SBA loans totalling $590,143,900 have been approved for transportation and warehousing projects in Michigan since FY2010.
- Which lenders finance transportation in Michigan?
- The most active by dollars approved are The Huntington National Bank, Fifth Third Bank, ChoiceOne Bank, Michigan Certified Development Corporation. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for transportation in Michigan?
- The median approval is $43,800, 32% below the national median for this sector ($64,000).
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