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
- 6.6%
- Active-status distress
- #8
- Rank, national volume
- #15
- Rank, loans per business
Every SBA 7(a) and 504 approval recorded for Michigan since 1991 sits in the public federal file. 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) approvals 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
SBA lending by city in Michigan
Grand Rapids 2,771Detroit 2,083Traverse City 1,126Troy 895Dearborn 890Sterling Heights 841Lansing 806Ann Arbor 794
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, active-status distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026. Methodology.