SBA Lending by State · Michigan
SBA Lending in Michigan
Michigan is a mid-sized SBA market concentrated in food and lodging, growing -2%.
- 57,131
- Total SBA loans
- $17.4B
- Approved dollars
- 6.5
- Loans per 1,000 businesses / yr
- -2%
- Growth, 2010s to 2020s
- 10.8%
- Active-loan distress
- #8
- Rank, national volume
- #15
- Rank, loans per business
Every SBA 7(a) and 504 loan approved in Michigan since 1991 sits in the public federal record. Michigan accounts for 57,131 of them, worth $17.4B, split 51,766 under 7(a) and 5,365 under 504. Roughly 13% of 7(a) went to startups and new businesses.
Top industries funded in Michigan
Program mix
- 51,766
- 7(a) loans
- 5,365
- 504 loans
- 13%
- To startups & new businesses
- 87%
- To existing businesses
See Michigan on the interactive map
Drill Michigan to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.
Explore Michigan on the map ↗Loan counts and dollars cover SBA 7(a) and 504, approved and not cancelled, gross basis. Growth, distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026.