158 SBA loans worth $63.5M went to businesses in Southfield, MI between October 2021 and June 2026, from 37 lenders. Huntington National Bank made the most, 67 loans. The median loan was $140,000, compared with $150,000 across Michigan, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 67 | $9.0M | $57,900 | 28% |
| 2 | ChoiceOne Bank Bank · Sparta, MI | 6 | $6.3M | $618,000 | 0% |
| 3 | Newtek Bank Bank · Miami, FL | 6 | $1.6M | $125,000 | 0% |
| 4 | First Merchants Bank Bank · Muncie, IN | 6 | $823K | $50,000 | 0% |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 6 | $538K | $50,000 | 0% |
| 6 | Celtic Bank Bank · Salt Lake City, UT | 5 | $2.0M | $150,000 | 40% |
| 7 | CDC Small Business Finance Non-bank lender · San Diego, CA | 5 | $680K | $130,000 | 0% |
| 8 | Northeast Bank Bank · Portland, ME | 5 | $373K | $50,000 | 20% |
| 9 | Michigan Certified Development Certified development company · East Lansing, MI | 4 | $8.3M | $1,625,000 | 25% |
| 10 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 4 | $4.9M | $1,280,000 | 0% |
| 11 | JPMorgan Chase Bank Bank · Columbus, OH | 4 | $1.4M | $325,000 | 0% |
| 12 | Fifth Third Bank Bank · Cincinnati, OH | 4 | $1.3M | $297,500 | 0% |
| 13 | Oxford Bank Bank · Oxford, MI | 3 | $970K | $300,000 | 100% |
| 14 | BayFirst National Bank Bank · St. Petersburg, FL | 3 | $345K | $150,000 | 0% |
| 15 | KeyBank Bank · Cleveland, OH | 3 | $50K | $15,000 | 67% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 23 | $200,000 | Huntington National Bank | |
| Professional and technical services | 21 | $50,000 | Huntington National Bank | |
| Restaurants and hotels | 21 | $270,000 | Huntington National Bank | |
| Retail | 20 | $200,000 | Huntington National Bank | |
| Other services (repair, personal care) | 18 | $50,000 | Huntington National Bank | |
| Manufacturing | 10 | $300,000 | Huntington National Bank | |
| Administrative and support services | 8 | $272,500 | Huntington National Bank | |
| Real estate and rental | 8 | $49,950 | Huntington National Bank |