65 SBA loans worth $30.9M went to businesses in Lake Orion, MI between October 2021 and June 2026, from 24 lenders. Huntington National Bank made the most, 23 loans. The median loan was $237,000, 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 | 23 | $5.4M | $90,000 | 48% |
| 2 | Oxford Bank Bank · Oxford, MI | 8 | $2.5M | $300,000 | 50% |
| 3 | Live Oak Banking Bank · Wilmington, NC | 3 | $3.0M | $750,000 | 0% |
| 4 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $2.0M | $500,000 | 33% |
| 5 | JPMorgan Chase Bank Bank · Columbus, OH | 3 | $345K | $50,000 | 100% |
| 6 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 2 | $3.4M | $1,688,500 | 0% |
| 7 | Fifth Third Bank Bank · Cincinnati, OH | 2 | $1.6M | $794,000 | 0% |
| 8 | First Merchants Bank Bank · Muncie, IN | 2 | $550K | $275,000 | 0% |
| 9 | Citizens Bank Bank · Elizabethton, TN | 2 | $420K | $210,000 | 100% |
| 10 | Newtek Bank Bank · Miami, FL | 2 | $350K | $175,000 | 0% |
| 11 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $300K | $150,000 | 100% |
| 12 | Mechanics and Farmers Bank Bank · Durham, NC | 1 | $3.0M | $3,013,000 | 0% |
| 13 | Shoreham Bank Bank · Warwick, RI | 1 | $3.0M | $2,950,000 | 100% |
| 14 | ChoiceOne Bank Bank · Sparta, MI | 1 | $1.4M | $1,386,000 | 100% |
| 15 | Milestone Bank Bank · Salt Lake City, UT | 1 | $1.4M | $1,380,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 18 | $208,500 | Huntington National Bank | |
| Health care and social assistance | 9 | $50,000 | Huntington National Bank | |
| Other services (repair, personal care) | 7 | $210,000 | Citizens Bank | |
| Administrative and support services | 6 | $347,000 | Huntington National Bank | |
| Restaurants and hotels | 6 | $494,000 | Oxford Bank | |
| Professional and technical services | 5 | $245,000 | Oxford Bank | |
| Transportation and warehousing | 4 | $612,500 | Huntington National Bank | |
| Arts, entertainment and recreation | 4 | $85,500 | Huntington National Bank |