Michigan
Top SBA lenders in Grand Rapids
Businesses in the Grand Rapids area have received $740M across 2,302 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Grand Rapids | Rating |
|---|---|---|---|
| 1 | The Huntington National Bank | $215M | 2.2(69) |
| 2 | Fifth Third Bank | $44M | 1.4(100) |
| 3 | Michigan Certified Development Corporation | $41M | No Google rating yet |
| 4 | Old National Bank | $37M | 2.4(49) |
| 5 | Live Oak Banking Company | $31M | 3.4(145) |
| 6 | Mercantile Bank | $29M | 4.8(79) |
| 7 | JPMorgan Chase Bank, National Association | $25M | 4.3(144) |
| 8 | ChoiceOne Bank | $23M | 3.5(28) |
| 9 | PNC Bank, National Association | $22M | 3.0(23) |
| 10 | Macatawa Bank, National Association | $19M | 4.1(17) |
| 11 | Lake Michigan CU | $18M | 3.4(91) |
| 12 | Independent Bank | $16M | 4.8(11) |
| 13 | Grand River Bank | $14M | 4.1(15) |
| 14 | First National Bank of Michigan | $13M | 4.1(9) |
| 15 | United Bank of Michigan | $12M | 3.6(24) |
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 Grand Rapids — common questions
Which SBA lender is most active in Grand Rapids?
The Huntington National Bank has approved the most SBA 7(a) & 504 funding for Grand Rapids-area businesses — $215M 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 Grand Rapids businesses received?
Businesses in the Grand Rapids area have received $740M across 2,302 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 Grand Rapids?
No. SBA loans are federal, so a national or out-of-state lender can fund your Grand Rapids 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 Grand Rapids SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Grand Rapids area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
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