166 SBA loans worth $54.5M went to businesses in Canton, MI between October 2021 and June 2026, from 30 lenders. Huntington National Bank made the most, 105 loans. The median loan was $90,450, compared with $150,000 across Michigan, and transportation and warehousing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 105 | $14.7M | $50,000 | 23% |
| 2 | Newtek Bank Bank · Miami, FL | 7 | $2.8M | $250,000 | 43% |
| 3 | Fifth Third Bank Bank · Cincinnati, OH | 7 | $1.5M | $180,000 | 0% |
| 4 | ChoiceOne Bank Bank · Sparta, MI | 4 | $5.4M | $536,250 | 50% |
| 5 | KeyBank Bank · Cleveland, OH | 4 | $1.2M | $322,500 | 75% |
| 6 | Northeast Bank Bank · Portland, ME | 4 | $846K | $200,000 | 0% |
| 7 | Citizens Bank Bank · Providence, RI | 3 | $4.4M | $200,000 | 0% |
| 8 | JPMorgan Chase Bank Bank · Columbus, OH | 3 | $982K | $382,400 | 0% |
| 9 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $511K | $203,500 | 0% |
| 10 | Pathward Bank · Sioux Falls, SD | 2 | $5.8M | $2,885,000 | 100% |
| 11 | Old National Bank Bank · Evansville, IN | 2 | $1.6M | $805,600 | 100% |
| 12 | Oxford Bank Bank · Oxford, MI | 2 | $831K | $415,650 | 100% |
| 13 | Celtic Bank Bank · Salt Lake City, UT | 2 | $151K | $75,300 | 0% |
| 14 | Stearns Bank Bank · St. Cloud, MN | 2 | $75K | $37,500 | 0% |
| 15 | First Internet Bank of Indiana Bank · Fishers, IN | 1 | $4.5M | $4,473,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Transportation and warehousing | 60 | $44,850 | Huntington National Bank | |
| Restaurants and hotels | 21 | $300,000 | Huntington National Bank | |
| Professional and technical services | 18 | $116,700 | Huntington National Bank | |
| Health care and social assistance | 11 | $150,000 | Oxford Bank | |
| Construction | 10 | $225,000 | Fifth Third Bank | |
| Arts, entertainment and recreation | 10 | $117,500 | Huntington National Bank | |
| Retail | 8 | $275,000 | Huntington National Bank | |
| Other services (repair, personal care) | 8 | $280,600 | Huntington National Bank |