70 SBA loans worth $37.0M went to businesses in Fenton, MI between October 2021 and June 2026, from 18 lenders. ChoiceOne Bank made the most, 27 loans. The median loan was $225,000, compared with $150,000 across Michigan, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | ChoiceOne Bank Bank · Sparta, MI | 27 | $11.6M | $225,000 | 41% |
| 2 | Huntington National Bank Bank · Columbus, OH | 16 | $2.9M | $83,000 | 38% |
| 3 | Live Oak Banking Bank · Wilmington, NC | 7 | $13.4M | $1,035,000 | 43% |
| 4 | First Internet Bank of Indiana Bank · Fishers, IN | 2 | $1.5M | $750,000 | 0% |
| 5 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $1.0M | $504,500 | 0% |
| 6 | Oakland County Business Finance Certified development company · Waterford, MI | 2 | $867K | $433,500 | 0% |
| 7 | JPMorgan Chase Bank Bank · Columbus, OH | 2 | $285K | $142,500 | 0% |
| 8 | Newtek Bank Bank · Miami, FL | 2 | $250K | $125,000 | 0% |
| 9 | Old National Bank Bank · Evansville, IN | 1 | $1.3M | $1,322,200 | 0% |
| 10 | 1st Financial Bank USA Bank · Dakota Dunes, SD | 1 | $1.0M | $1,000,000 | 0% |
| 11 | Banc of California Bank · Los Angeles, CA | 1 | $844K | $844,000 | 0% |
| 12 | Oxford Bank Bank · Oxford, MI | 1 | $615K | $615,000 | 100% |
| 13 | LAF CU Credit union · Lansing, MI | 1 | $455K | $455,000 | 0% |
| 14 | Security CU Credit union · Holly, MI | 1 | $350K | $350,000 | 100% |
| 15 | Farmers and Merchants State Bank Bank · Archbold, OH | 1 | $320K | $320,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 16 | $100,000 | Huntington National Bank | |
| Retail | 9 | $220,900 | ChoiceOne Bank | |
| Administrative and support services | 8 | $100,000 | ChoiceOne Bank | |
| Restaurants and hotels | 8 | $527,600 | ChoiceOne Bank | |
| Health care and social assistance | 8 | $579,500 | Live Oak Banking | |
| Real estate and rental | 6 | $344,000 | ChoiceOne Bank | |
| Other services (repair, personal care) | 6 | $400,000 | ChoiceOne Bank | |
| Arts, entertainment and recreation | 3 | $60,000 | Huntington National Bank |