SBA Loans for Retail Stores in Michigan
Since fiscal year 2021, at least 110 lenders made 1,621 SBA loans to Retail Stores businesses in Michigan. These are the most active, based on public SBA data.
Most active SBA lenders for Retail Stores in Michigan
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 627 | $168,791 | 26% | 7(a), Express |
| 2 | Fifth Third Bank Cincinnati, OH | 109 | $596,363 | 18% | 7(a), Express |
| 3 | First Internet Bank of Indiana Fishers, IN | 80 | $1,348,553 | 58% | 7(a), Express |
| 4 | ChoiceOne Bank Sparta, MI | 56 | $647,166 | 32% | 7(a), Express |
| 5 | Northeast Bank Lewiston, ME | 42 | $147,807 | 7% | 7(a) |
| 6 | Byline Bank Chicago, IL | 29 | $1,237,699 | 37% | 7(a), Express |
| 7 | Newtek Bank, National Association Miami, FL | 28 | $422,370 | 15% | 7(a), Express |
| 8 | United FCU Saint Joseph, MI | 26 | $893,806 | 24% | 7(a) |
| 9 | Live Oak Banking Company Wilmington, NC | 25 | $1,334,820 | 21% | 7(a), Express |
| 10 | Celtic Bank Corporation Salt Lake City, UT | 25 | $602,244 | 19% | 7(a) |
Related guide: How to Finance a Bodega or Mini Market
Other industries in Michigan
- Construction1,896 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 Retail Stores businesses in Michigan?
Based on public SBA data, the most active were The Huntington National Bank, Fifth Third Bank, First Internet Bank of Indiana.
How many SBA loans did Retail Stores businesses get in Michigan?
1,621 SBA loans since fiscal year 2021, from at least 110 different lenders.
Which SBA loan fits a Retail Stores 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.