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SBA lenders in East Lansing, MI

SBA 7(a) and 504 loans to businesses in East Lansing (Ingham County), October 2021 to June 30, 2026 · Updated October 15, 2026
48
SBA loans approved
$22.3M
Total approved
$275,000
Median loan
21
Lenders active
25%
To startups

48 SBA loans worth $22.3M went to businesses in East Lansing, MI between October 2021 and June 2026, from 21 lenders. Huntington National Bank made the most, 17 loans. The median loan was $275,000, compared with $150,000 across Michigan, and restaurants and hotels was the most financed industry.

Most active SBA lenders in East Lansing

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
17$4.3M$100,0000%
2Capitol National Bank
Bank · Lansing, MI
4$4.1M$700,00050%
3Dart Bank
Bank · Mason, MI
3$1.9M$499,70067%
4Horizon Bank
Bank · Michigan City, IN
3$359K$70,0000%
5Live Oak Banking
Bank · Wilmington, NC
2$2.4M$1,200,00050%
6Michigan Certified Development
Certified development company · East Lansing, MI
2$1.4M$710,5000%
7Citizens Bank
Bank · Elizabethton, TN
2$1.1M$550,100100%
8BayFirst National Bank
Bank · St. Petersburg, FL
2$478K$239,00050%
9Chelsea State Bank
Bank · Chelsea, MI
1$1.5M$1,494,000100%
10Mercantile Bank
Bank · Grand Rapids, MI
1$1.3M$1,300,0000%
11Byline Bank
Bank · Chicago, IL
1$1.0M$1,000,000100%
12LAF CU
Credit union · Lansing, MI
1$506K$506,0000%
13CASE CU
Credit union · Lansing, MI
1$500K$500,000100%
14PNC Bank
Bank · Wilmington, DE
1$450K$450,0000%
15Farmers State Bank
Bank · Waterloo, IA
1$300K$300,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in East Lansing. For 504 loans the lender shown is the certified development company.

What gets financed in East Lansing

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels14
29%
$454,750Dart Bank
Construction6
12%
$175,000Horizon Bank
Health care and social assistance5
10%
$350,000Huntington National Bank
Transportation and warehousing5
10%
$108,800Huntington National Bank
Professional and technical services4
8%
$450,000CASE CU
Retail4
8%
$260,000Huntington National Bank
Arts, entertainment and recreation3
6%
$158,100Capitol National Bank
Finance and insurance2
4%
$150,000Huntington National Bank
Loan size mix
  • Under $150,00038%
  • $150,000 to $500,00033%
  • $500,000 to $2 million27%
  • $2 million and up2%
Compared with Michigan
Median loan, East Lansing
$275,000
Median loan, Michigan
$150,000
Startup share, East Lansing
25%
Startup share, Michigan
29%
Share of state's SBA loans
0.4%

SBA loans per fiscal year in East Lansing

071320FY14: 6 loansFY14FY15: 16 loansFY15FY16: 12 loansFY16FY17: 9 loansFY17FY18: 11 loansFY18FY19: 10 loansFY19FY20: 7 loansFY20FY21: 13 loansFY21FY22: 10 loansFY22FY23: 7 loansFY23FY24: 13 loansFY24FY25: 17 loansFY2517FY26 (Oct to Jun): 1 loansFY261
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.