729 SBA loans worth $309.6M went to businesses in Grand Rapids, MI between October 2021 and June 2026, from 68 lenders. Huntington National Bank made the most, 405 loans. The median loan was $110,000, compared with $150,000 across Michigan, and transportation and warehousing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 405 | $57.4M | $50,000 | 26% |
| 2 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 41 | $29.2M | $630,000 | 15% |
| 3 | Fifth Third Bank Bank · Cincinnati, OH | 31 | $15.9M | $100,000 | 39% |
| 4 | Michigan Certified Development Certified development company · East Lansing, MI | 20 | $27.5M | $888,000 | 15% |
| 5 | Old National Bank Bank · Evansville, IN | 18 | $15.4M | $692,250 | 11% |
| 6 | Northeast Bank Bank · Portland, ME | 16 | $1.9M | $50,000 | 19% |
| 7 | Newtek Bank Bank · Miami, FL | 15 | $12.6M | $250,000 | 27% |
| 8 | Horizon Bank Bank · Michigan City, IN | 14 | $4.9M | $175,000 | 43% |
| 9 | Live Oak Banking Bank · Wilmington, NC | 11 | $15.0M | $1,000,000 | 27% |
| 10 | Lake Michigan CU Credit union · Grand Rapids, MI | 11 | $14.8M | $385,900 | 45% |
| 11 | ChoiceOne Bank Bank · Sparta, MI | 11 | $5.2M | $235,700 | 18% |
| 12 | Independent Bank Bank · Grand Rapids, MI | 9 | $7.7M | $500,000 | 22% |
| 13 | PNC Bank Bank · Wilmington, DE | 8 | $6.2M | $315,000 | 25% |
| 14 | First National Bank of Michigan Bank · Kalamazoo, MI | 5 | $7.5M | $1,464,700 | 20% |
| 15 | JPMorgan Chase Bank Bank · Columbus, OH | 5 | $4.0M | $500,000 | 20% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Transportation and warehousing | 106 | $50,000 | Huntington National Bank | |
| Construction | 88 | $70,950 | Huntington National Bank | |
| Restaurants and hotels | 78 | $118,150 | Huntington National Bank | |
| Retail | 72 | $174,500 | Huntington National Bank | |
| Professional and technical services | 71 | $270,700 | Huntington National Bank | |
| Health care and social assistance | 54 | $150,000 | Huntington National Bank | |
| Other services (repair, personal care) | 53 | $97,000 | Huntington National Bank | |
| Administrative and support services | 50 | $102,300 | Huntington National Bank |