25 SBA loans worth $13.8M went to businesses in Romeo, MI between October 2021 and June 2026, from 9 lenders. Huntington National Bank made the most, 8 loans. The median loan was $159,000, compared with $150,000 across Michigan, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 8 | $5.2M | $186,500 | 38% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 6 | $4.3M | $400,000 | 0% |
| 3 | Oakland County Business Finance Certified development company · Waterford, MI | 2 | $2.8M | $1,389,000 | 0% |
| 4 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $820K | $410,000 | 0% |
| 5 | Citizens Bank Bank · Providence, RI | 2 | $387K | $193,500 | 0% |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $100K | $50,000 | 0% |
| 7 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $120K | $120,000 | 100% |
| 8 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $85K | $85,000 | 0% |
| 9 | Northeast Bank Bank · Portland, ME | 1 | $74K | $73,700 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 7 | $85,000 | Readycap Lending | |
| Manufacturing | 5 | $1,590,000 | Fifth Third Bank | |
| Retail | 4 | $235,000 | Huntington National Bank | |
| Administrative and support services | 3 | $629,000 | Fifth Third Bank | |
| Transportation and warehousing | 2 | $49,350 | Huntington National Bank | |
| Other services (repair, personal care) | 2 | $28,500 | Fifth Third Bank | |
| Health care and social assistance | 1 | $191,000 | Michigan Certified Development | |
| Wholesale trade | 1 | $73,000 | Huntington National Bank |