171 SBA loans worth $58.0M went to businesses in Farmington, MI between October 2021 and June 2026, from 34 lenders. Huntington National Bank made the most, 88 loans. The median loan was $150,000, compared with $150,000 across Michigan, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 88 | $16.5M | $90,000 | 27% |
| 2 | Newtek Bank Bank · Miami, FL | 9 | $11.2M | $500,000 | 0% |
| 3 | Community Choice CU Credit union · Farmington Hills, MI | 5 | $3.0M | $380,000 | 40% |
| 4 | JPMorgan Chase Bank Bank · Columbus, OH | 5 | $1.4M | $300,000 | 0% |
| 5 | Fifth Third Bank Bank · Cincinnati, OH | 5 | $1.4M | $60,000 | 0% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 4 | $3.4M | $675,000 | 25% |
| 7 | PNC Bank Bank · Wilmington, DE | 4 | $1.4M | $238,000 | 50% |
| 8 | Bank of America Bank · Charlotte, NC | 4 | $1.3M | $225,000 | 0% |
| 9 | Celtic Bank Bank · Salt Lake City, UT | 4 | $1.1M | $150,000 | 25% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 4 | $750K | $150,000 | 100% |
| 11 | Byline Bank Bank · Chicago, IL | 3 | $1.2M | $500,000 | 33% |
| 12 | U.S. Bank Bank · Cincinnati, OH | 3 | $1.1M | $372,000 | 33% |
| 13 | First Merchants Bank Bank · Muncie, IN | 3 | $209K | $50,000 | 0% |
| 14 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $92K | $25,000 | 0% |
| 15 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 2 | $1.4M | $675,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 24 | $150,000 | Huntington National Bank | |
| Construction | 22 | $151,700 | Huntington National Bank | |
| Other services (repair, personal care) | 18 | $50,000 | Huntington National Bank | |
| Professional and technical services | 17 | $150,000 | Huntington National Bank | |
| Transportation and warehousing | 17 | $42,200 | Huntington National Bank | |
| Retail | 14 | $386,000 | Huntington National Bank | |
| Administrative and support services | 11 | $150,000 | Huntington National Bank | |
| Restaurants and hotels | 11 | $300,000 | Huntington National Bank |