65 SBA loans worth $27.8M went to businesses in Portage, MI between October 2021 and June 2026, from 26 lenders. Huntington National Bank made the most, 20 loans. The median loan was $250,000, compared with $150,000 across Michigan, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 20 | $4.6M | $100,000 | 35% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 5 | $1.2M | $100,000 | 20% |
| 3 | Old National Bank Bank · Evansville, IN | 4 | $1.3M | $319,500 | 25% |
| 4 | Horizon Bank Bank · Michigan City, IN | 4 | $500K | $127,500 | 50% |
| 5 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 3 | $1.5M | $345,000 | 33% |
| 6 | First National Bank of Michigan Bank · Kalamazoo, MI | 3 | $1.1M | $350,000 | 0% |
| 7 | Lake Michigan CU Credit union · Grand Rapids, MI | 2 | $2.3M | $1,162,500 | 0% |
| 8 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $1.6M | $791,500 | 50% |
| 9 | 1st Source Bank Bank · South Bend, IN | 2 | $997K | $498,500 | 50% |
| 10 | Sturgis Bank & Trust Bank · Sturgis, MI | 2 | $555K | $277,500 | 50% |
| 11 | Arbor Financial Credit Union Credit union · Kalamazoo, MI | 2 | $539K | $269,500 | 50% |
| 12 | Northeast Bank Bank · Portland, ME | 2 | $289K | $144,450 | 50% |
| 13 | Live Oak Banking Bank · Wilmington, NC | 1 | $3.1M | $3,075,000 | 0% |
| 14 | Southern Michigan Bank & Trust Bank · Coldwater, MI | 1 | $1.6M | $1,640,000 | 100% |
| 15 | Highpoint Community Bank Bank · Hastings, MI | 1 | $1.4M | $1,449,700 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $75,000 | Huntington National Bank | |
| Other services (repair, personal care) | 9 | $350,000 | First National Bank of Michigan | |
| Manufacturing | 9 | $250,000 | Old National Bank | |
| Health care and social assistance | 7 | $345,000 | Huntington National Bank | |
| Retail | 5 | $150,000 | Northeast Bank | |
| Finance and insurance | 5 | $180,000 | Fifth Third Bank | |
| Administrative and support services | 4 | $280,500 | Huntington National Bank | |
| Wholesale trade | 4 | $160,000 | Fifth Third Bank |