SBA Lenders in Michigan
22 SBA-approved lenders headquartered in Michigan (MI) plus 10 more that actively fund Michigan borrowers. Tell us about your deal and we'll match you with the right capital source.
Who are the top SBA lenders in Michigan?
PeerSense tracks 22 SBA-approved lenders headquartered in Michigan (MI), plus 10 out-of-state lenders that actively fund Michigan borrowers. Top by Michigan-specific volume: Bank of Ann Arbor, ChoiceOne Bank, Lake Michigan CU. Michigan HQ lenders have collectively originated $3.0B in SBA volume.
— PeerSense Capital Advisory · Westfield IN · Updated May 16, 2026
Sources: SBA 7(a) & 504 Loan Data, FDIC BankFind
Top SBA Lenders Headquartered in Michigan
Ranked by total SBA loan activity. Click any bank for the full profile, NAICS specialization, and franchise lending history.
| Lender | State | Activity | Profile |
|---|---|---|---|
| Bank of Ann Arbor | MI | High Volume | View Profile → |
| ChoiceOne Bank | MI | Active | View Profile → |
| United Bank of Michigan | MI | Active | View Profile → |
| Mercantile Bank | MI | Active | View Profile → |
| Independent Bank | MI | Active | View Profile → |
| Lake Michigan CU | MI | Active | View Profile → |
| Commercial Bank | MI | Active | View Profile → |
| 4Front Credit Union | MI | Active | View Profile → |
| Oxford Bank | MI | Active | View Profile → |
| DFCU Financial | MI | Active | View Profile → |
| Honor Bank | MI | Active | View Profile → |
| Credit Union One | MI | Active | View Profile → |
| Macatawa Bank, National Association | MI | Active | View Profile → |
| Capitol National Bank | MI | Active | View Profile → |
| United FCU | MI | Active | View Profile → |
| LaSalle Bank Midwest N.A. | MI | Active | View Profile → |
| Genisys CU | MI | Active | View Profile → |
| Lake Trust CU | MI | Specialized | View Profile → |
| West Shore Bank | MI | Specialized | View Profile → |
| Isabella Bank | MI | Specialized | View Profile → |
Bank of Ann Arbor
MIChoiceOne Bank
MIUnited Bank of Michigan
MIMercantile Bank
MIIndependent Bank
MILake Michigan CU
MICommercial Bank
MI4Front Credit Union
MIOxford Bank
MIDFCU Financial
MIHonor Bank
MICredit Union One
MIMacatawa Bank, National Association
MICapitol National Bank
MIUnited FCU
MILaSalle Bank Midwest N.A.
MIGenisys CU
MILake Trust CU
MIWest Shore Bank
MIIsabella Bank
MIOut-of-State Lenders Actively Funding Michigan Borrowers
National banks and multi-state regionals frequently fund Michigan deals at competitive rates — often with faster underwriting than local-only banks. Ranked by Michigan-specific SBA volume.
The Huntington National Bank
HQ OH · 1,291 MI loans · $334.0M MI volume
Shoreham Bank
HQ RI · 33 MI loans · $100.7M MI volume
Comerica Bank
HQ TX · 158 MI loans · $75.0M MI volume
First Western SBLC, Inc
HQ TX · 51 MI loans · $72.0M MI volume
Fifth Third Bank
HQ OH · 167 MI loans · $43.4M MI volume
PNC Bank, National Association
HQ DE · 235 MI loans · $40.7M MI volume
Business Loan Center, LLC
HQ SC · 30 MI loans · $25.5M MI volume
First Utah Bank
HQ UT · 5 MI loans · $20.7M MI volume
First Merchants Bank
HQ IN · 36 MI loans · $20.4M MI volume
Millennium Bank
HQ IL · 11 MI loans · $16.5M MI volume
Looking for an SBA Lender in Michigan?
PeerSense matches your deal with the right capital source from our network of 22+ Michigan lenders and hundreds more nationwide. No retainers — referral fee established upfront and paid at closing.
SBA Lending in Michigan
Michigan is home to 22 SBA-approved lenders that have collectively originated $3.0B in SBA loan volume. These lenders serve businesses across the state through the SBA 7(a) and 504 loan programs, providing financing for acquisitions, commercial real estate, equipment, and working capital.
Whether you're acquiring a business in Michigan, expanding an existing operation, or purchasing commercial property, SBA financing offers competitive terms with government-backed guarantees. PeerSense analyzes each lender's activity, deal preferences, and specializations to help you find the best fit.
How PeerSense Helps Michigan Borrowers
We're a commercial lending advisory firm headquartered in Westfield, Indiana — not a lender. We structure and place deals across SBA, CMBS, private credit, equipment financing, and more. Our team reviews your transaction, identifies the right capital sources, and makes warm introductions to lenders actively funding deals like yours. Most clients receive their first lender introduction within one business day.
Other Capital Programs for Michigan Borrowers
PeerSense covers the full commercial capital stack for Michigan operators — beyond SBA. Compare current rates and structures.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
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