70 SBA loans worth $29.8M went to businesses in Bay City, MI between October 2021 and June 2026, from 21 lenders. Huntington National Bank made the most, 28 loans. The median loan was $149,000, compared with $150,000 across Michigan, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 28 | $5.1M | $50,000 | 14% |
| 2 | 1st State Bank Bank · Saginaw, MI | 9 | $3.2M | $265,000 | 44% |
| 3 | Michigan Certified Development Certified development company · East Lansing, MI | 6 | $2.6M | $394,000 | 33% |
| 4 | ChoiceOne Bank Bank · Sparta, MI | 6 | $2.2M | $400,000 | 50% |
| 5 | Enterprise Bank & Trust Bank · Clayton, MO | 2 | $6.6M | $3,313,600 | 100% |
| 6 | Fifth Third Bank Bank · Cincinnati, OH | 2 | $1.4M | $711,500 | 0% |
| 7 | Independent Bank Bank · Grand Rapids, MI | 2 | $271K | $135,500 | 100% |
| 8 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $240K | $120,000 | 0% |
| 9 | Banc of California Bank · Los Angeles, CA | 1 | $3.2M | $3,155,000 | 0% |
| 10 | Shoreham Bank Bank · Warwick, RI | 1 | $2.7M | $2,700,000 | 100% |
| 11 | Open Bank Bank · Los Angeles, CA | 1 | $375K | $375,000 | 0% |
| 12 | Newtek Bank Bank · Miami, FL | 1 | $350K | $350,000 | 0% |
| 13 | 1st Financial Bank USA Bank · Dakota Dunes, SD | 1 | $310K | $310,000 | 0% |
| 14 | Frankenmuth Credit Union Credit union · Frankenmuth, MI | 1 | $299K | $299,000 | 100% |
| 15 | Isabella Bank Bank · Mount Pleasant, MI | 1 | $266K | $266,400 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 18 | $252,500 | Huntington National Bank | |
| Health care and social assistance | 11 | $171,000 | Michigan Certified Development | |
| Other services (repair, personal care) | 10 | $51,500 | Huntington National Bank | |
| Retail | 9 | $50,000 | ChoiceOne Bank | |
| Professional and technical services | 6 | $94,800 | Huntington National Bank | |
| Construction | 5 | $100,000 | Huntington National Bank | |
| Finance and insurance | 3 | $225,000 | Newtek Bank | |
| Administrative and support services | 2 | $130,000 | 1st State Bank |