Bank Michigan approved 59 SBA loans worth $54.8M between October 2021 and June 2026, ranking #507 of 2,283 SBA lenders nationally by loan count. Its median loan was $350,000, and 24% went to startups or businesses under two years old. It lent in 2 states, most often in Michigan, and its most financed industry was other services (repair, personal care).
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 11 | $292,500 | |
| Manufacturing | 10 | $497,100 | |
| Construction | 9 | $314,000 | |
| Retail | 8 | $323,000 | |
| Health care and social assistance | 6 | $1,206,500 | |
| Restaurants and hotels | 5 | $494,100 | |
| Administrative and support services | 4 | $1,307,000 | |
| Transportation and warehousing | 2 | $1,386,750 | |
| Professional and technical services | 2 | $297,500 | |
| Arts, entertainment and recreation | 1 | $188,500 |