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  • Find me a PPP lender
  • Lenders by Region
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Top SBA Lenders – SBA Loans Michigan

Published by sbalenders On February 26, 2020

Last annual update: Jan 11, 2021

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Nationwide banks were among the largest lenders to “The Great Lakes State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Michigan:

Most active SBA lenders in Michigan

State RankBankBank Headquarters# of LoansAvg LoanAvg Interest
1The Huntington National BankColumbus, OH1020$129,3536.9%
2TCF National BankSioux Falls, SD85$565,0616.1%
3Comerica BankDallas, TX69$306,7327.0%
4JPMorgan Chase BankColumbus, OH59$334,2128.2%
5Citizens BankProvidence, RI45$384,2407.5%
6The State BankFenton, MI40$509,0386.0%
7United Midwest Savings BankDe Graff, OH40$331,8508.1%
8First Home BankSaint Petersburg, FL39$236,3338.1%
9Newtek Small Business FinanceLake Success, NY35$672,0788.1%
10Fifth Third BankCincinnati, OH35$320,3238.4%
11PNC BankWilmington, DE33$202,4527.7%
12Byline BankChicago, IL32$931,5068.1%
13Live OakWilmington, NC23$1,311,3046.9%
14Oxford BankOxford, MI21$738,4297.5%
15Celtic BankSalt Lake City, UT21$607,5297.8%
16KeyBankCleveland, OH21$557,4957.6%
17Independence BankEast Greenwich, RI19$144,7376.0%
18mBankManistique, MI18$813,2567.1%
19ChoiceOne BankSparta, MI18$167,6007.0%
20Stearns BankSaint Cloud, MN17$302,0008.1%

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Top Michigan PPP lenders (loans <$150,000)

RankBank# PPP Loans
1JPMorgan Chase Bank8,873
2The Huntington National Bank8,098
3TCF National Bank7,594
4Comerica Bank5,228
5Fifth Third Bank5,168
6Bank of America4,817
7PNC Bank4,622
8Citizens Bank3,952
9Kabbage3,821
10Cross River Bank3,598

Top Michigan PPP lenders (loans >$150,000)

RankBank# PPP Loans
1The Huntington National Bank1,967
2TCF National Bank1,777
3JPMorgan Chase Bank1,712
4Comerica Bank1,439
5PNC Bank1,288
6Fifth Third Bank1,048
7Bank of America619
8Mercantile Bank of Michigan615
9Level One Bank527
10Macatawa Bank396

Note: Michigan PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.

Categories: News Tags: Michigan
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