Home → All States → Michigan
SBA Lenders in Michigan
94 active SBA lenders · 2,765 loans approved · $1.9B total volume
94 Active Lenders
15 Preferred Lenders
2,765 Loans Since 2020
$1.9B Total Volume
All SBA Lenders in Michigan
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| ChoiceOne Bank | Sparta | 451 | $288.4M | $639K | ⭐ |
| Lake Michigan CU | GRAND RAPIDS | 301 | $300.9M | $1000K | ⭐ |
| Oxford Bank | Oxford | 178 | $83.6M | $469K | ⭐ |
| DFCU Financial | DEARBORN | 167 | $148.5M | $889K | ⭐ |
| Independent Bank | Grand Rapids | 107 | $79.4M | $742K | ⭐ |
| 4Front Credit Union | Traverse City | 94 | $28.1M | $299K | ⭐ |
| United FCU | SAINT JOSEPH | 79 | $90.5M | $1.1M | ⭐ |
| Bank Michigan | BROOKLYN | 68 | $52.9M | $777K | ⭐ |
| Bank of Ann Arbor | ANN ARBOR | 68 | $61.3M | $902K | ⭐ |
| 1st State Bank | SAGINAW | 64 | $27.5M | $430K | ⭐ |
| Community Choice CU | FARMINGTON HILLS | 64 | $36.5M | $571K | — |
| Genisys CU | AUBURN HILLS | 63 | $120.0M | $1.9M | — |
| West Shore Bank | LUDINGTON | 61 | $43.8M | $717K | — |
| University Bank | ANN ARBOR | 45 | $29.7M | $661K | — |
| Highpoint Community Bank | HASTINGS | 44 | $20.1M | $456K | — |
| Capitol National Bank | LANSING | 43 | $25.1M | $583K | ⭐ |
| First National Bank of Michigan | KALAMAZOO | 40 | $32.0M | $800K | ⭐ |
| Chelsea State Bank | CHELSEA | 40 | $22.2M | $554K | — |
| Credit Union One | FERNDALE | 40 | $10.6M | $266K | — |
| Lake Trust CU | BRIGHTON | 39 | $15.2M | $390K | — |
| Kellogg Community CU | BATTLE CREEK | 37 | $21.9M | $592K | — |
| The Dart Bank | MASON | 31 | $29.6M | $955K | — |
| Citizens National Bank of Cheboygan | CHEBOYGAN | 31 | $12.6M | $407K | — |
| Southern Michigan Bank & Trust | COLDWATER | 29 | $19.9M | $687K | — |
| First National Bank & Trust Co | IRON MOUNTAIN | 28 | $8.7M | $310K | — |
| Michigan Schools and Government Credit Union | CLINTON TOWNSHIP | 25 | $8.8M | $351K | — |
| Isabella Bank | Mount Pleasant | 23 | $11.7M | $507K | — |
| Northern Great Lakes Initiatives | Marquette | 23 | $3.8M | $165K | ⭐ |
| Michigan State University Federal Credit Union | EAST LANSING | 23 | $5.5M | $241K | — |
| CASE CU | LANSING | 22 | $8.3M | $376K | — |
| Honor Bank | HONOR | 21 | $9.2M | $438K | — |
| Huron Valley State Bank | MILFORD | 20 | $5.6M | $282K | — |
| LAF CU | LANSING | 20 | $14.7M | $733K | — |
| Superior National Bank | HANCOCK | 20 | $8.1M | $404K | — |
| Opportunity Resource Fund | Lansing | 19 | $3.3M | $173K | — |
| MI Bank | Bloomfield Township | 19 | $12.0M | $630K | — |
| Grand River Bank | GRANDVILLE | 15 | $5.7M | $382K | — |
| Arbor Financial Credit Union | KALAMAZOO | 14 | $5.3M | $382K | — |
| Consumers Credit Union | Kalamazoo | 14 | $5.4M | $384K | — |
| Wildfire CU | SAGINAW | 14 | $3.6M | $258K | — |
| Michigan Certified Development Corporation | East Lansing | 13 | $2.6M | $197K | — |
| Team One CU | SAGINAW | 13 | $7.5M | $577K | — |
| Eaton Community Bank | CHARLOTTE | 12 | $6.5M | $541K | — |
| Omni Community Credit Union | Battle Creek | 12 | $5.7M | $471K | — |
| Honor CU | BERRIEN SPRINGS | 11 | $4.1M | $368K | — |
| Frankenmuth Credit Union | Frankenmuth | 9 | $1.4M | $160K | — |
| Metro Community Development, Inc. | Flint | 9 | $1.8M | $204K | — |
| First State Bank | Eastpointe | 9 | $7.0M | $782K | — |
| Gogebic Range Bank | IRONWOOD | 9 | $1.8M | $196K | — |
| County National Bank | Hillsdale | 8 | $3.1M | $390K | — |
| PFCU | Portland | 8 | $1.5M | $191K | — |
| Sturgis Bank & Trust Company | STURGIS | 8 | $10.7M | $1.3M | — |
| Central Savings Bank | SAULT SAINTE MARIE | 8 | $4.9M | $618K | — |
| Union Bank | Grand Rapids | 7 | $5.1M | $735K | — |
| Dort Financial CU | GRAND BLANC | 7 | $732K | $105K | — |
| TBA CU | TRAVERSE CITY | 7 | $7.1M | $1.0M | — |
| Mercantile Bank | GRAND RAPIDS | 7 | $3.1M | $438K | — |
| Alliance Catholic CU | FARMINGTON HILLS | 6 | $5.4M | $893K | — |
| Charlevoix State Bank | CHARLEVOIX | 6 | $928K | $155K | — |
| Christian Financial CU | STERLING HEIGHTS | 6 | $2.4M | $395K | — |
| Diversified Members Credit Union | DETROIT | 6 | $3.3M | $558K | — |
| Huron Community Bank | EAST TAWAS | 5 | $3.8M | $757K | ⭐ |
| Upper Peninsula State Bank | ESCANABA | 5 | $1.9M | $385K | — |
| United Bank of Michigan | GRAND RAPIDS | 5 | $4.9M | $990K | — |
| True Community CU | JACKSON | 4 | $1.4M | $350K | — |
| Embers Credit Union | MARQUETTE | 4 | $6.8M | $1.7M | — |
| KALSEE Credit Union | Kalamazoo | 4 | $1.3M | $332K | — |
| Century Bank and Trust | COLDWATER | 4 | $1.8M | $459K | — |
| Adventure CU | GRAND RAPIDS | 4 | $2.4M | $610K | — |
| Eastern Michigan Bank | CROSWELL | 4 | $1.6M | $404K | ⭐ |
| Financial Plus CU | FLINT | 3 | $502K | $167K | — |
| State Savings Bank | FRANKFORT | 3 | $1.2M | $414K | — |
| Alden State Bank | ALDEN | 3 | $1.1M | $367K | — |
| Homestead Savings Bank | ALBION | 3 | $4.0M | $1.3M | — |
| Community Unity Bank | Birmingham | 3 | $3.6M | $1.2M | — |
| Range Bank | MARQUETTE | 2 | $1.3M | $659K | — |
| First Independence Bank | DETROIT | 2 | $250K | $125K | — |
| Awakon FCU | ONAWAY | 2 | $467K | $234K | — |
| BlueOx Credit Union, A Division of Ignite Credit Union | Battle Creek | 2 | $866K | $433K | — |
| Baybank | Gladstone | 2 | $1.8M | $875K | — |
| The Shelby State Bank | SHELBY | 2 | $2.3M | $1.2M | — |
| Security CU | HOLLY | 2 | $700K | $350K | — |
| People Driven CU | SOUTHFIELD | 1 | $150K | $150K | — |
| Commercial Bank | Ithaca | 1 | $1.8M | $1.8M | — |
| Route 31 Federal Credit Union | Muskegon | 1 | $375K | $375K | — |
| Michigan First Credit Union | Lathrup Village | 1 | $536K | $536K | — |
| Greenstone Farm Credit Services, ACA | LANSING | 1 | $730K | $730K | — |
| Macatawa Bank, National Association | Holland | 1 | $302K | $302K | — |
| First Bank, Upper Michigan | GLADSTONE | 1 | $777K | $777K | — |
| ELGA Credit Union | GRAND BLANC | 1 | $263K | $263K | — |
| Thumb Bank & Trust | PIGEON | 1 | $155K | $155K | — |
| Peoples State Bank of Munising | MUNISING | 1 | $5.0M | $5.0M | — |
| Kalamazoo County State Bank | SCHOOLCRAFT | 1 | $156K | $156K | — |
| Lake-Osceola State Bank | BALDWIN | 1 | $1.2M | $1.2M | — |
Finding an SBA Lender in Michigan
There are currently 94 SBA-approved lenders headquartered in Michigan, ranging from national banks to local community lenders. Together they have approved 2,765 SBA 7(a) loans totaling $1.9B since 2020.
Of these, 15 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
Ready to Apply for an SBA Loan in Michigan?
Check if you qualify in minutes — no impact to your credit score.
Check My Eligibility at SmartBiz →SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days