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SBA lenders in Madison Heights, MI

SBA 7(a) and 504 loans to businesses in Madison Heights (Oakland County), October 2021 to June 30, 2026 · Updated October 15, 2026
71
SBA loans approved
$48.9M
Total approved
$351,000
Median loan
31
Lenders active
18%
To startups

71 SBA loans worth $48.9M went to businesses in Madison Heights, MI between October 2021 and June 2026, from 31 lenders. Huntington National Bank made the most, 13 loans. The median loan was $351,000, compared with $150,000 across Michigan, and retail was the most financed industry.

Most active SBA lenders in Madison Heights

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
13$4.4M$75,00015%
2Fifth Third Bank
Bank · Cincinnati, OH
5$6.2M$445,0000%
3Michigan Certified Development
Certified development company · East Lansing, MI
5$4.8M$781,00040%
4Northeast Bank
Bank · Portland, ME
5$493K$42,7000%
5Great Lakes Commercial Finance
Certified development company · Grandville, MI
3$3.8M$727,00033%
6First Merchants Bank
Bank · Muncie, IN
3$3.1M$50,0000%
7First Bank of the Lake
Bank · Osage Beach, MO
3$1.9M$709,400100%
8Oakland County Business Finance
Certified development company · Waterford, MI
3$1.6M$453,0000%
9Readycap Lending
Non-bank lender · Berkeley Heights, NJ
3$51K$17,0000%
10Independent Bank
Bank · Grand Rapids, MI
2$2.3M$1,162,500100%
11Old National Bank
Bank · Evansville, IN
2$2.3M$1,150,3500%
12Live Oak Banking
Bank · Wilmington, NC
2$1.4M$675,0000%
13ChoiceOne Bank
Bank · Sparta, MI
2$852K$426,2500%
14BayFirst National Bank
Bank · St. Petersburg, FL
2$300K$150,0000%
15Community Choice CU
Credit union · Farmington Hills, MI
2$150K$75,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Madison Heights. For 504 loans the lender shown is the certified development company.

What gets financed in Madison Heights

IndustryLoansShareMedian loanMost active lender
Retail18
25%
$181,500Fifth Third Bank
Construction12
17%
$604,700First Bank of the Lake
Wholesale trade9
13%
$724,500Great Lakes Commercial Finance
Professional and technical services7
10%
$20,000Readycap Lending
Restaurants and hotels5
7%
$2,127,000Genisys CU
Other services (repair, personal care)5
7%
$492,500Huntington National Bank
Health care and social assistance5
7%
$445,000ChoiceOne Bank
Manufacturing3
4%
$350,000Huntington National Bank
Loan size mix
  • Under $150,00037%
  • $150,000 to $500,00023%
  • $500,000 to $2 million32%
  • $2 million and up8%
Compared with Michigan
Median loan, Madison Heights
$351,000
Median loan, Michigan
$150,000
Startup share, Madison Heights
18%
Startup share, Michigan
29%
Share of state's SBA loans
0.6%

SBA loans per fiscal year in Madison Heights

0102030FY14: 11 loansFY14FY15: 10 loansFY15FY16: 11 loansFY16FY17: 16 loansFY17FY18: 11 loansFY18FY19: 9 loansFY19FY20: 4 loansFY20FY21: 10 loansFY21FY22: 20 loansFY2220FY23: 10 loansFY23FY24: 18 loansFY24FY25: 16 loansFY25FY26 (Oct to Jun): 7 loansFY267
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.