SBA Loans for Education & Childcare in Michigan
Since fiscal year 2021, at least 44 lenders made 162 SBA loans to Education & Childcare businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Education & Childcare in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 70 | $168,791 | 26% | 7(a), Express |
| 2 | Fifth Third Bank Cincinnati, OH | 14 | $596,363 | 18% | 7(a), Express |
| 3 | First Merchants Bank Indianapolis, IN | 6 | $404,182 | 14% | 7(a), Express |
| 4 | ChoiceOne Bank Sparta, MI | 5 | $647,166 | 32% | 7(a), Express |
| 5 | Readycap Lending, LLC Berkeley Heights, NJ | 5 | $302,754 | 14% | 7(a), Express |
| 6 | Independent Bank Grand Rapids, MI | 4 | $724,501 | 30% | 7(a), Express |
| 7 | Chelsea State Bank Chelsea, MI | 3 | $630,037 | 46% | 7(a), Express |
| 8 | BankVista Sartell, MN | 3 | $96,820 | 60% | 7(a), Express |
| 9 | Newtek Small Business Finance, Inc. Lake Success, NY | 3 | $702,296 | 21% | 7(a), Express |
| 10 | KeyBank National Association Cleveland, OH | 3 | $412,081 | 66% | 7(a), Express |
Related guide: Loans for Daycares and Childcare Centers
Other industries in Michigan
- Construction1,896 loans
- 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
Frequently asked questions
Which lenders make the most SBA loans to Education & Childcare businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, Fifth Third Bank, First Merchants Bank.
How many SBA loans did Education & Childcare businesses get in Michigan?
162 SBA loans since fiscal year 2021, from at least 44 different lenders.
Which SBA loan fits a Education & Childcare 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.