31 SBA loans worth $13.9M went to businesses in Spring Lake, MI between October 2021 and June 2026, from 11 lenders. Huntington National Bank made the most, 16 loans. The median loan was $150,000, compared with $150,000 across Michigan, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 16 | $2.6M | $83,200 | 31% |
| 2 | Michigan Certified Development Certified development company · East Lansing, MI | 3 | $4.0M | $1,164,000 | 0% |
| 3 | JPMorgan Chase Bank Bank · Columbus, OH | 3 | $636K | $100,000 | 33% |
| 4 | Independent Bank Bank · Grand Rapids, MI | 2 | $500K | $250,000 | 100% |
| 5 | Live Oak Banking Bank · Wilmington, NC | 1 | $3.7M | $3,700,000 | 0% |
| 6 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 1 | $818K | $818,000 | 0% |
| 7 | ChoiceOne Bank Bank · Sparta, MI | 1 | $609K | $609,300 | 0% |
| 8 | Colony Bank Bank · Fitzgerald, GA | 1 | $509K | $509,000 | 0% |
| 9 | Grand River Bank Bank · Grandville, MI | 1 | $350K | $350,000 | 0% |
| 10 | West Shore Bank Bank · Ludington, MI | 1 | $215K | $215,000 | 0% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $50K | $50,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 7 | $509,000 | Michigan Certified Development | |
| Administrative and support services | 4 | $50,000 | Huntington National Bank | |
| Construction | 4 | $157,500 | Huntington National Bank | |
| Health care and social assistance | 4 | $310,250 | Huntington National Bank | |
| Retail | 3 | $50,000 | Huntington National Bank | |
| Real estate and rental | 3 | $244,000 | Great Lakes Commercial Finance | |
| Restaurants and hotels | 2 | $686,500 | Huntington National Bank | |
| Professional and technical services | 2 | $33,900 | JPMorgan Chase Bank |