SBA Loans for Media & Technology in Michigan
Since fiscal year 2021, at least 22 lenders made 90 SBA loans to Media & Technology businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Media & Technology in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 39 | $168,791 | 26% | 7(a), Express |
| 2 | Northeast Bank Lewiston, ME | 8 | $147,807 | 7% | 7(a) |
| 3 | Live Oak Banking Company Wilmington, NC | 8 | $1,334,820 | 21% | 7(a), Express |
| 4 | Readycap Lending, LLC Berkeley Heights, NJ | 5 | $302,754 | 14% | 7(a), Express |
| 5 | ChoiceOne Bank Sparta, MI | 4 | $647,166 | 32% | 7(a), Express |
| 6 | Newtek Small Business Finance, Inc. Lake Success, NY | 3 | $702,296 | 21% | 7(a), Express |
| 7 | Celtic Bank Corporation Salt Lake City, UT | 3 | $602,244 | 19% | 7(a) |
| 8 | Bank of America, National Association Charlotte, NC | 2 | $496,865 | 30% | 7(a), Express |
| 9 | CRF Small Business Loan Company, LLC Minneapolis, MN | 2 | $580,000 | 60% | 7(a), Express |
| 10 | Horizon Bank Michigan City, IN | 2 | $431,485 | 36% | 7(a), Express |
Related guide: Financing for Amazon and Ecommerce Sellers
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 Media & Technology businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, Northeast Bank, Live Oak Banking Company.
How many SBA loans did Media & Technology businesses get in Michigan?
90 SBA loans since fiscal year 2021, from at least 22 different lenders.
Which SBA loan fits a Media & Technology 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.