34 SBA loans worth $7.9M went to businesses in Commerce Township, MI between October 2021 and June 2026, from 10 lenders. Huntington National Bank made the most, 15 loans. The median loan was $122,500, compared with $150,000 across Michigan, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 15 | $2.9M | $51,000 | 27% |
| 2 | Live Oak Banking Bank · Wilmington, NC | 4 | $1.3M | $325,000 | 0% |
| 3 | Northeast Bank Bank · Portland, ME | 4 | $376K | $49,500 | 0% |
| 4 | Oxford Bank Bank · Oxford, MI | 2 | $1.9M | $943,750 | 100% |
| 5 | ChoiceOne Bank Bank · Sparta, MI | 2 | $384K | $192,000 | 0% |
| 6 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $300K | $150,000 | 100% |
| 7 | Fifth Third Bank Bank · Cincinnati, OH | 2 | $250K | $125,000 | 0% |
| 8 | Independent Bank Bank · Grand Rapids, MI | 1 | $350K | $350,000 | 0% |
| 9 | Michigan Certified Development Non-bank lender · East Lansing, MI | 1 | $125K | $125,000 | 0% |
| 10 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $39K | $39,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 5 | $50,000 | Huntington National Bank | |
| Retail | 5 | $200,000 | Live Oak Banking | |
| Arts, entertainment and recreation | 4 | $713,250 | Huntington National Bank | |
| Health care and social assistance | 3 | $350,000 | Live Oak Banking | |
| Professional and technical services | 3 | $150,000 | Northeast Bank | |
| Other services (repair, personal care) | 3 | $51,000 | Huntington National Bank | |
| Administrative and support services | 2 | $188,750 | United Midwest Savings Bank | |
| Construction | 2 | $94,500 | United Midwest Savings Bank |