71 SBA loans worth $48.9M went to businesses in Madison Heights, MI between October 2021 and June 2026, from 31 lenders. Huntington National Bank made the most, 13 loans. The median loan was $351,000, compared with $150,000 across Michigan, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 13 | $4.4M | $75,000 | 15% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 5 | $6.2M | $445,000 | 0% |
| 3 | Michigan Certified Development Certified development company · East Lansing, MI | 5 | $4.8M | $781,000 | 40% |
| 4 | Northeast Bank Bank · Portland, ME | 5 | $493K | $42,700 | 0% |
| 5 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 3 | $3.8M | $727,000 | 33% |
| 6 | First Merchants Bank Bank · Muncie, IN | 3 | $3.1M | $50,000 | 0% |
| 7 | First Bank of the Lake Bank · Osage Beach, MO | 3 | $1.9M | $709,400 | 100% |
| 8 | Oakland County Business Finance Certified development company · Waterford, MI | 3 | $1.6M | $453,000 | 0% |
| 9 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 3 | $51K | $17,000 | 0% |
| 10 | Independent Bank Bank · Grand Rapids, MI | 2 | $2.3M | $1,162,500 | 100% |
| 11 | Old National Bank Bank · Evansville, IN | 2 | $2.3M | $1,150,350 | 0% |
| 12 | Live Oak Banking Bank · Wilmington, NC | 2 | $1.4M | $675,000 | 0% |
| 13 | ChoiceOne Bank Bank · Sparta, MI | 2 | $852K | $426,250 | 0% |
| 14 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $300K | $150,000 | 0% |
| 15 | Community Choice CU Credit union · Farmington Hills, MI | 2 | $150K | $75,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 18 | $181,500 | Fifth Third Bank | |
| Construction | 12 | $604,700 | First Bank of the Lake | |
| Wholesale trade | 9 | $724,500 | Great Lakes Commercial Finance | |
| Professional and technical services | 7 | $20,000 | Readycap Lending | |
| Restaurants and hotels | 5 | $2,127,000 | Genisys CU | |
| Other services (repair, personal care) | 5 | $492,500 | Huntington National Bank | |
| Health care and social assistance | 5 | $445,000 | ChoiceOne Bank | |
| Manufacturing | 3 | $350,000 | Huntington National Bank |