105 SBA loans worth $57.8M went to businesses in Novi, MI between October 2021 and June 2026, from 34 lenders. Huntington National Bank made the most, 39 loans. The median loan was $150,000, compared with $150,000 across Michigan, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 39 | $9.4M | $75,000 | 59% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 14 | $8.7M | $225,000 | 14% |
| 3 | Michigan Certified Development Certified development company · East Lansing, MI | 5 | $13.0M | $2,180,000 | 40% |
| 4 | JPMorgan Chase Bank Bank · Columbus, OH | 5 | $1.2M | $90,000 | 40% |
| 5 | Northeast Bank Bank · Portland, ME | 4 | $892K | $260,250 | 0% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 3 | $3.3M | $1,450,000 | 67% |
| 7 | Newtek Bank Bank · Miami, FL | 3 | $482K | $80,000 | 0% |
| 8 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 2 | $5.7M | $2,826,500 | 0% |
| 9 | Independent Bank Bank · Grand Rapids, MI | 2 | $2.2M | $1,125,000 | 0% |
| 10 | Oxford Bank Bank · Oxford, MI | 2 | $482K | $241,250 | 100% |
| 11 | Old National Bank Bank · Evansville, IN | 2 | $329K | $164,500 | 0% |
| 12 | Celtic Bank Bank · Salt Lake City, UT | 2 | $300K | $150,000 | 0% |
| 13 | Bancorp Bank Bank · Sioux Falls, SD | 1 | $1.6M | $1,640,100 | 100% |
| 14 | First Internet Bank of Indiana Bank · Fishers, IN | 1 | $1.3M | $1,343,000 | 0% |
| 15 | Oakland County Business Finance Certified development company · Waterford, MI | 1 | $1.2M | $1,204,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 18 | $252,250 | Huntington National Bank | |
| Restaurants and hotels | 18 | $510,350 | Huntington National Bank | |
| Professional and technical services | 10 | $50,000 | Fifth Third Bank | |
| Other services (repair, personal care) | 10 | $96,500 | Huntington National Bank | |
| Administrative and support services | 9 | $80,000 | Huntington National Bank | |
| Retail | 8 | $132,500 | Fifth Third Bank | |
| Arts, entertainment and recreation | 7 | $460,000 | Huntington National Bank | |
| Education | 7 | $100,000 | Huntington National Bank |