SBA Lending in Grand Rapids, Michigan
Businesses in Grand Rapids, MI have drawn 2,771 SBA 7(a) loans worth $744M, and annual volume has fallen 16% versus the prior decade.
- 2,771
- 7(a) loans
- $744M
- Approved dollars
- $268,459
- Average loan size
- #1
- Rank in Michigan
- -16%
- Annualized vs prior decade
- 7.5%
- Active-loan distress
Grand Rapids is the #1 SBA 7(a) market in Michigan and #53 in the country. Since 1991 lenders have approved 2,771 loans here worth $744M, averaging $268,459 each. Annual approval volume has fallen 16% between FY2013-2019 and FY2020-2026. 7.5% of the active book is delinquent, past due, or in liquidation. The most-funded local business type is general freight trucking, long-distance, truckload.
What Grand Rapids borrows for
Who lends in Grand Rapids
Open the national map, drill into Michigan, and compare Grand Rapids against every zip code in the state.
Open the interactive map ↗7(a) loans only, approved and not cancelled, gross basis, grouped by the borrower's city as filed. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026.