58 SBA loans worth $28.7M went to businesses in Monroe, MI between October 2021 and June 2026, from 24 lenders. Huntington National Bank made the most, 18 loans. The median loan was $160,000, 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 | 18 | $3.9M | $62,500 | 61% |
| 2 | Live Oak Banking Bank · Wilmington, NC | 4 | $4.1M | $447,500 | 0% |
| 3 | KeyBank Bank · Cleveland, OH | 4 | $1.1M | $262,500 | 100% |
| 4 | First Merchants Bank Bank · Muncie, IN | 4 | $571K | $75,700 | 75% |
| 5 | BayFirst National Bank Bank · St. Petersburg, FL | 3 | $312K | $126,900 | 33% |
| 6 | Celtic Bank Bank · Salt Lake City, UT | 2 | $2.4M | $1,224,450 | 0% |
| 7 | Bank Michigan Bank · Brooklyn, MI | 2 | $1.5M | $769,500 | 0% |
| 8 | Bank of America Bank · Charlotte, NC | 2 | $1.1M | $566,050 | 50% |
| 9 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $1.0M | $518,900 | 50% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $600K | $300,000 | 50% |
| 11 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 2 | $595K | $297,500 | 0% |
| 12 | Bank of Hope Bank · Los Angeles, CA | 1 | $3.2M | $3,190,000 | 100% |
| 13 | Shoreham Bank Bank · Warwick, RI | 1 | $2.0M | $2,000,000 | 0% |
| 14 | Fifth Third Bank Bank · Cincinnati, OH | 1 | $1.8M | $1,765,900 | 100% |
| 15 | Community Choice CU Credit union · Farmington Hills, MI | 1 | $1.5M | $1,455,500 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $250,000 | Huntington National Bank | |
| Retail | 9 | $589,500 | Huntington National Bank | |
| Administrative and support services | 7 | $150,000 | Bank Michigan | |
| Arts, entertainment and recreation | 6 | $222,500 | Huntington National Bank | |
| Manufacturing | 6 | $500,000 | Live Oak Banking | |
| Construction | 5 | $108,000 | Huntington National Bank | |
| Health care and social assistance | 5 | $461,000 | Huntington National Bank | |
| Transportation and warehousing | 4 | $74,400 | Huntington National Bank |