33 SBA loans worth $11.1M went to businesses in Lapeer, MI between October 2021 and June 2026, from 17 lenders. Huntington National Bank made the most, 5 loans. The median loan was $150,000, compared with $150,000 across Michigan, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 5 | $428K | $95,000 | 60% |
| 2 | BayFirst National Bank Bank · St. Petersburg, FL | 4 | $559K | $140,500 | 0% |
| 3 | Newtek Bank Bank · Miami, FL | 4 | $550K | $87,500 | 0% |
| 4 | Celtic Bank Bank · Salt Lake City, UT | 3 | $350K | $150,000 | 0% |
| 5 | ChoiceOne Bank Bank · Sparta, MI | 2 | $2.4M | $1,215,000 | 50% |
| 6 | Old National Bank Bank · Evansville, IN | 2 | $1.1M | $541,650 | 50% |
| 7 | Oxford Bank Bank · Oxford, MI | 2 | $397K | $198,600 | 50% |
| 8 | Northeast Bank Bank · Portland, ME | 2 | $250K | $125,000 | 0% |
| 9 | Banc of California Bank · Los Angeles, CA | 1 | $1.3M | $1,300,000 | 100% |
| 10 | Lake Michigan CU Credit union · Grand Rapids, MI | 1 | $1.2M | $1,184,000 | 100% |
| 11 | Michigan Certified Development Certified development company · East Lansing, MI | 1 | $621K | $621,000 | 0% |
| 12 | Live Oak Banking Bank · Wilmington, NC | 1 | $619K | $619,000 | 0% |
| 13 | Harvest Small Business Finance Non-bank lender · Laguna Hills, CA | 1 | $570K | $569,500 | 0% |
| 14 | Fifth Third Bank Bank · Cincinnati, OH | 1 | $350K | $350,000 | 100% |
| 15 | Metro Community Development Non-bank lender · Flint, MI | 1 | $250K | $250,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 10 | $150,000 | BayFirst National Bank | |
| Restaurants and hotels | 7 | $150,000 | Newtek Bank | |
| Construction | 6 | $115,000 | Lake Michigan CU | |
| Retail | 3 | $250,800 | Old National Bank | |
| Arts, entertainment and recreation | 2 | $185,000 | Fifth Third Bank | |
| Health care and social assistance | 2 | $251,500 | Huntington National Bank | |
| Other services (repair, personal care) | 2 | $714,000 | BayFirst National Bank | |
| Administrative and support services | 1 | $2,025,000 | ChoiceOne Bank |