56 SBA loans worth $29.0M went to businesses in Redford, MI between October 2021 and June 2026, from 20 lenders. Huntington National Bank made the most, 29 loans. The median loan was $275,000, compared with $150,000 across Michigan, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 29 | $9.9M | $80,000 | 14% |
| 2 | First Internet Bank of Indiana Bank · Fishers, IN | 3 | $4.8M | $1,402,000 | 100% |
| 3 | Fifth Third Bank Bank · Cincinnati, OH | 3 | $718K | $150,000 | 33% |
| 4 | Live Oak Banking Bank · Wilmington, NC | 2 | $1.0M | $500,000 | 0% |
| 5 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 2 | $857K | $428,500 | 0% |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $606K | $303,250 | 0% |
| 7 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $250K | $125,000 | 100% |
| 8 | Byline Bank Bank · Chicago, IL | 1 | $2.4M | $2,410,000 | 0% |
| 9 | IncredibleBank Bank · Wausau, WI | 1 | $1.9M | $1,945,000 | 0% |
| 10 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 1 | $1.7M | $1,700,000 | 0% |
| 11 | Grasshopper Bank Bank · New York, NY | 1 | $1.2M | $1,200,000 | 100% |
| 12 | Bank of Ann Arbor Bank · Ann Arbor, MI | 1 | $1.1M | $1,129,700 | 0% |
| 13 | Michigan Certified Development Certified development company · East Lansing, MI | 1 | $517K | $517,000 | 0% |
| 14 | Citizens Bank Bank · Elizabethton, TN | 1 | $380K | $380,000 | 100% |
| 15 | Oakland County Business Finance Certified development company · Waterford, MI | 1 | $379K | $379,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 13 | $350,000 | Huntington National Bank | |
| Transportation and warehousing | 9 | $50,000 | Huntington National Bank | |
| Wholesale trade | 7 | $500,000 | Huntington National Bank | |
| Construction | 7 | $150,000 | Huntington National Bank | |
| Other services (repair, personal care) | 5 | $379,000 | DFCU Financial | |
| Health care and social assistance | 4 | $200,000 | Huntington National Bank | |
| Professional and technical services | 3 | $500,000 | Huntington National Bank | |
| Manufacturing | 2 | $262,500 | Huntington National Bank |