SBA Lending in Traverse City, Michigan
Businesses in Traverse City, MI have drawn 1,126 SBA 7(a) loans worth $321M, and annual volume has fallen 35% versus the prior decade.
- 1,126
- 7(a) loans
- $321M
- Approved dollars
- $285,119
- Average loan size
- #3
- Rank in Michigan
- -35%
- Annualized vs prior decade
- 4.8%
- Active-loan distress
Traverse City is the #3 SBA 7(a) market in Michigan and #164 in the country. Since 1991 lenders have approved 1,126 loans here worth $321M, averaging $285,119 each. Annual approval volume has fallen 35% between FY2013-2019 and FY2020-2026. 4.8% of the active book is delinquent, past due, or in liquidation. The most-funded local business type is full-service restaurants.
What Traverse City borrows for
Who lends in Traverse City
Open the national map, drill into Michigan, and compare Traverse City 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.