Michigan Certified Development approved 379 SBA loans worth $365.6M between October 2021 and June 2026, ranking #114 of 2,283 SBA lenders nationally by loan count. Its median loan was $618,000, and 26% went to startups or businesses under two years old. It lent in 4 states, most often in Michigan, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Michigan | 370 | $355.1M | $598,500 | #3 |
| Ohio | 6 | $7.5M | $1,110,000 | #113 |
| Indiana | 2 | $1.5M | $737,500 | #139 |
| North Carolina | 1 | $1.5M | $1,541,000 | #183 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 81 | $1,046,000 | |
| Health care and social assistance | 49 | $533,000 | |
| Manufacturing | 49 | $953,000 | |
| Other services (repair, personal care) | 42 | $435,000 | |
| Retail | 27 | $389,000 | |
| Real estate and rental | 23 | $564,000 | |
| Professional and technical services | 22 | $402,000 | |
| Construction | 21 | $423,000 | |
| Wholesale trade | 17 | $428,000 | |
| Arts, entertainment and recreation | 14 | $1,311,000 |