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Prime Rate:6.75%Fed Funds:3.64%5-Yr Treasury:3.88%10-Yr Treasury:4.25%30-Yr Treasury:4.83%30-Yr Mortgage:6.22%·Updated Mar 19, 2026Prime Rate:6.75%Fed Funds:3.64%5-Yr Treasury:3.88%10-Yr Treasury:4.25%30-Yr Treasury:4.83%30-Yr Mortgage:6.22%·Updated Mar 19, 2026
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SBA Loans in Grand Rapids, MI

Businesses in Grand Rapids, MI have closed 1,425 SBA loans worth $498.1M in approved capital since 2016 , supporting 11,904 local jobs. The average Grand Rapids SBA loan is $350K. PeerSense reads the local lending data and matches you to the SBA lender most likely to fund your deal.

Data updated June 2026. Source: SBA 7(a) and 504 loan records, 2016 to present.

1,425

SBA Loans Funded

$498.1M

Capital Deployed

$350K

Average Loan

11,904

Jobs Supported

2%

Charge Off Rate

Most active Grand Rapids industries for SBA financing

General Freight Trucking, Long Distance, Truckload217 loans
Full-Service Restaurants78 loans
General Freight Trucking, Local46 loans
Landscaping Services33 loans
Residential Remodelers30 loans

SBA lenders actively funding MI deals

Ranked by real funding activity in MI. PeerSense reads this match and routes your deal to the lender most likely to approve and price it. You work with us, not a call list.

Get matched to an SBA lender in Grand Rapids.

Tell us your loan amount and use of funds. We route you to the lender most likely to fund a Grand Rapids deal, local or national.

SBA 7(a) / 504 — Response within 4 business hours. No obligation.

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No retainers · Referral fee at closing · Or call (317) 452-6990

How to get an SBA loan in Grand Rapids

SBA loans in Grand Rapids, MI are not limited to local banks. SBA 7(a) and 504 loans can be funded by national lenders and preferred lenders anywhere in the country, and the right out of market lender often beats a local bank on rate, term, and speed to close. What matters is matching your industry, loan size, and structure to a lender that actively funds deals like yours.

With 1,425 loans and $498.1M of approved capital on record, Grand Rapids has a deep, lender friendly track record. PeerSense uses that history to route your deal to the lender most likely to approve it, then stays with you through closing.