Michigan
Top SBA lenders in Detroit
Businesses in the Detroit area have received $502M across 1,232 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Detroit | Rating |
|---|---|---|---|
| 1 | The Huntington National Bank | $114M | 2.2(69) |
| 2 | Fifth Third Bank | $60M | 1.4(100) |
| 3 | First Internet Bank of Indiana | $32M | 4.4(557) |
| 4 | First Merchants Bank | $30M | 4.1(21) |
| 5 | Newtek Small Business Finance, Inc. | $21M | 1.7(33) |
| 6 | Byline Bank | $21M | 2.5(18) |
| 7 | Michigan Certified Development Corporation | $17M | No Google rating yet |
| 8 | JPMorgan Chase Bank, National Association | $14M | 4.3(144) |
| 9 | Newtek Bank, National Association | $13M | 2.3(3) |
| 10 | ChoiceOne Bank | $12M | 3.5(28) |
| 11 | Citizens Bank, National Association | $11M | 1.4(109) |
| 12 | BankUnited, National Association | $9M | 2.8(21) |
| 13 | United FCU | $9M | 4.1(116) |
| 14 | KeyBank National Association | $8M | 5.0(2) |
| 15 | Credit Union One | $8M | 4.0(440) |
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present), by borrower project location. See all Michigan SBA lenders →
SBA lenders in Detroit — common questions
Which SBA lender is most active in Detroit?
The Huntington National Bank has approved the most SBA 7(a) & 504 funding for Detroit-area businesses — $114M in total. The full ranking of the most active lenders is on this page, sourced from public SBA FOIA loan-approval records.
How much SBA funding have Detroit businesses received?
Businesses in the Detroit area have received $502M across 1,232 approved SBA 7(a) & 504 loans since FY2010, based on public SBA FOIA loan-approval records by borrower project location.
Do I have to use an SBA lender based in Detroit?
No. SBA loans are federal, so a national or out-of-state lender can fund your Detroit business — national SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender helps most when your deal needs site visits or local market knowledge.
How are the top Detroit SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Detroit area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
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