50 SBA loans worth $15.5M went to businesses in Ferndale, MI between October 2021 and June 2026, from 24 lenders. Huntington National Bank made the most, 20 loans. The median loan was $180,000, 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 | 20 | $2.7M | $76,000 | 60% |
| 2 | Independent Bank Bank · Grand Rapids, MI | 3 | $2.1M | $552,500 | 0% |
| 3 | Newtek Bank Bank · Miami, FL | 3 | $650K | $210,000 | 0% |
| 4 | Northeast Bank Bank · Portland, ME | 2 | $550K | $275,000 | 0% |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $220K | $110,250 | 0% |
| 6 | First Merchants Bank Bank · Muncie, IN | 2 | $100K | $50,000 | 0% |
| 7 | Byline Bank Bank · Chicago, IL | 1 | $1.4M | $1,385,000 | 0% |
| 8 | Bank Michigan Bank · Brooklyn, MI | 1 | $1.3M | $1,265,000 | 0% |
| 9 | Oxford Bank Bank · Oxford, MI | 1 | $1.1M | $1,147,500 | 0% |
| 10 | Grasshopper Bank Bank · New York, NY | 1 | $1.1M | $1,071,000 | 0% |
| 11 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 1 | $787K | $787,000 | 0% |
| 12 | Oakland County Business Finance Certified development company · Waterford, MI | 1 | $521K | $521,000 | 100% |
| 13 | Michigan Certified Development Certified development company · East Lansing, MI | 1 | $499K | $499,000 | 0% |
| 14 | Lake Michigan CU Credit union · Grand Rapids, MI | 1 | $480K | $479,500 | 0% |
| 15 | Bank of Ann Arbor Bank · Ann Arbor, MI | 1 | $415K | $415,300 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 10 | $114,650 | Huntington National Bank | |
| Retail | 9 | $148,700 | Huntington National Bank | |
| Other services (repair, personal care) | 6 | $255,000 | Independent Bank | |
| Manufacturing | 4 | $163,850 | Huntington National Bank | |
| Construction | 4 | $675,500 | Grasshopper Bank | |
| Professional and technical services | 4 | $145,000 | Huntington National Bank | |
| Wholesale trade | 3 | $447,000 | Huntington National Bank | |
| Agriculture, forestry and fishing | 3 | $300,000 | Huntington National Bank |