219 SBA loans worth $111.8M went to businesses in Troy, MI between October 2021 and June 2026, from 48 lenders. Huntington National Bank made the most, 82 loans. The median loan was $180,000, compared with $150,000 across Michigan, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 82 | $24.6M | $100,000 | 32% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 14 | $5.0M | $190,000 | 7% |
| 3 | Northeast Bank Bank · Portland, ME | 13 | $1.6M | $80,000 | 0% |
| 4 | Newtek Bank Bank · Miami, FL | 11 | $4.3M | $180,000 | 27% |
| 5 | Bank of America Bank · Charlotte, NC | 6 | $4.3M | $693,850 | 67% |
| 6 | JPMorgan Chase Bank Bank · Columbus, OH | 6 | $2.1M | $228,500 | 17% |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 6 | $780K | $150,000 | 0% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 5 | $7.7M | $1,100,000 | 40% |
| 9 | Independent Bank Bank · Grand Rapids, MI | 5 | $2.1M | $250,000 | 60% |
| 10 | Bank Michigan Bank · Brooklyn, MI | 5 | $1.8M | $325,000 | 40% |
| 11 | Citizens Bank Bank · Providence, RI | 5 | $1.5M | $324,000 | 0% |
| 12 | Byline Bank Bank · Chicago, IL | 4 | $4.0M | $867,500 | 75% |
| 13 | Horizon Bank Bank · Michigan City, IN | 3 | $985K | $435,000 | 33% |
| 14 | ChoiceOne Bank Bank · Sparta, MI | 3 | $976K | $290,000 | 33% |
| 15 | PNC Bank Bank · Wilmington, DE | 3 | $825K | $35,000 | 67% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 44 | $147,500 | Huntington National Bank | |
| Restaurants and hotels | 26 | $225,750 | Huntington National Bank | |
| Health care and social assistance | 26 | $178,550 | Huntington National Bank | |
| Retail | 18 | $295,000 | Huntington National Bank | |
| Manufacturing | 15 | $275,000 | Huntington National Bank | |
| Construction | 14 | $137,500 | Huntington National Bank | |
| Transportation and warehousing | 12 | $75,000 | Huntington National Bank | |
| Other services (repair, personal care) | 11 | $150,000 | Bank Michigan |