28 SBA loans worth $12.0M went to businesses in Gaylord, MI between October 2021 and June 2026, from 10 lenders. Huntington National Bank made the most, 16 loans. The median loan was $117,500, compared with $150,000 across Michigan, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 16 | $4.2M | $100,000 | 38% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 2 | $5.0M | $2,500,000 | 50% |
| 3 | Horizon Bank Bank · Michigan City, IN | 2 | $598K | $298,950 | 0% |
| 4 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $404K | $202,000 | 0% |
| 5 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $658K | $658,000 | 0% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 1 | $500K | $500,000 | 0% |
| 7 | Michigan Certified Development Certified development company · East Lansing, MI | 1 | $253K | $253,000 | 0% |
| 8 | Huron Community Bank Bank · East Tawas, MI | 1 | $200K | $200,000 | 0% |
| 9 | Northern Great Lakes Initiatives Non-bank lender · Marquette, MI | 1 | $110K | $110,000 | 0% |
| 10 | 4Front Credit Union Credit union · Traverse City, MI | 1 | $100K | $100,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 8 | $100,000 | Huntington National Bank | |
| Retail | 4 | $413,000 | Huntington National Bank | |
| Other services (repair, personal care) | 4 | $156,500 | Huntington National Bank | |
| Manufacturing | 3 | $100,000 | Huntington National Bank | |
| Health care and social assistance | 2 | $305,000 | Live Oak Banking | |
| Wholesale trade | 2 | $175,000 | Huntington National Bank | |
| Administrative and support services | 1 | $100,000 | 4Front Credit Union | |
| Finance and insurance | 1 | $50,000 | Huntington National Bank |