SBA Loans for Construction in Michigan
Since fiscal year 2021, at least 96 lenders made 1,896 SBA loans to Construction businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Construction in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 1,120 | $168,791 | 26% | 7(a), Express |
| 2 | Fifth Third Bank Cincinnati, OH | 81 | $596,363 | 18% | 7(a), Express |
| 3 | ChoiceOne Bank Sparta, MI | 59 | $647,166 | 32% | 7(a), Express |
| 4 | JPMorgan Chase Bank, National Association Columbus, OH | 58 | $341,020 | 13% | 7(a), Express |
| 5 | Northeast Bank Lewiston, ME | 43 | $147,807 | 7% | 7(a) |
| 6 | Newtek Bank, National Association Miami, FL | 33 | $422,370 | 15% | 7(a), Express |
| 7 | United Midwest Savings Bank National Association De Graff, OH | 31 | $274,442 | 84% | 7(a) |
| 8 | PNC Bank, National Association Wilmington, DE | 29 | $229,880 | 39% | 7(a), Express |
| 9 | Live Oak Banking Company Wilmington, NC | 28 | $1,334,820 | 21% | 7(a), Express |
| 10 | Readycap Lending, LLC Berkeley Heights, NJ | 28 | $302,754 | 14% | 7(a), Express |
Related guide: Loans for Contractors and Construction Businesses
Other industries in Michigan
- Retail Stores1,621 loans
- Restaurants & Lodging1,561 loans
- Trucking & Transportation1,409 loans
- Personal Services & Repair1,247 loans
- Health Care1,068 loans
- Professional Services922 loans
- Manufacturing907 loans
- Cleaning, Landscaping & Admin739 loans
Frequently asked questions
Which lenders make the most SBA loans to Construction businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, Fifth Third Bank, ChoiceOne Bank.
How many SBA loans did Construction businesses get in Michigan?
1,896 SBA loans since fiscal year 2021, from at least 96 different lenders.
Which SBA loan fits a Construction business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.