27 SBA loans worth $13.0M went to businesses in Ada, MI between October 2021 and June 2026, from 11 lenders. Huntington National Bank made the most, 13 loans. The median loan was $150,000, compared with $150,000 across Michigan, and arts, entertainment and recreation was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 13 | $1.6M | $63,700 | 46% |
| 2 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 3 | $4.5M | $1,447,000 | 0% |
| 3 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $3.5M | $1,751,000 | 0% |
| 4 | Old National Bank Bank · Evansville, IN | 2 | $248K | $124,150 | 100% |
| 5 | Everwise Credit Union Credit union · South Bend, IN | 1 | $1.8M | $1,755,000 | 100% |
| 6 | Community Choice CU Credit union · Farmington Hills, MI | 1 | $450K | $450,000 | 100% |
| 7 | United Bank of Michigan Bank · Grand Rapids, MI | 1 | $403K | $403,000 | 100% |
| 8 | Lake Michigan CU Credit union · Grand Rapids, MI | 1 | $350K | $350,000 | 0% |
| 9 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| 10 | KeyBank Bank · Cleveland, OH | 1 | $20K | $20,000 | 100% |
| 11 | Wells Fargo Bank Bank · Sioux Falls, SD | 1 | $15K | $15,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Arts, entertainment and recreation | 4 | $218,350 | Huntington National Bank | |
| Transportation and warehousing | 4 | $41,100 | Huntington National Bank | |
| Health care and social assistance | 4 | $225,000 | Huntington National Bank | |
| Other services (repair, personal care) | 3 | $198,300 | Old National Bank | |
| Construction | 3 | $350,000 | Huntington National Bank | |
| Administrative and support services | 2 | $128,500 | Huntington National Bank | |
| Professional and technical services | 2 | $1,751,000 | Michigan Certified Development | |
| Restaurants and hotels | 2 | $1,079,000 | Everwise Credit Union |