36 SBA loans worth $24.2M went to businesses in Romulus, MI between October 2021 and June 2026, from 18 lenders. Huntington National Bank made the most, 15 loans. The median loan was $200,000, 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 | 15 | $2.0M | $119,300 | 27% |
| 2 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $5.1M | $2,568,500 | 50% |
| 3 | Community Choice CU Credit union · Farmington Hills, MI | 2 | $1.7M | $845,900 | 100% |
| 4 | Celtic Bank Bank · Salt Lake City, UT | 2 | $630K | $315,200 | 50% |
| 5 | KeyBank Bank · Cleveland, OH | 2 | $30K | $15,000 | 100% |
| 6 | Open Bank Bank · Los Angeles, CA | 1 | $5.0M | $5,000,000 | 0% |
| 7 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 1 | $3.8M | $3,751,000 | 100% |
| 8 | Shoreham Bank Bank · Warwick, RI | 1 | $3.0M | $2,992,500 | 100% |
| 9 | ChoiceOne Bank Bank · Sparta, MI | 1 | $1.1M | $1,105,500 | 100% |
| 10 | Northeast Bank Bank · Portland, ME | 1 | $326K | $326,500 | 100% |
| 11 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $253K | $252,700 | 0% |
| 12 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $250K | $250,000 | 0% |
| 13 | CDC Small Business Finance Non-bank lender · San Diego, CA | 1 | $242K | $242,500 | 100% |
| 14 | Bank of America Bank · Charlotte, NC | 1 | $225K | $225,000 | 0% |
| 15 | Lake Trust CU Credit union · Brighton, MI | 1 | $200K | $200,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 10 | $1,206,750 | Michigan Certified Development | |
| Transportation and warehousing | 6 | $175,000 | Huntington National Bank | |
| Administrative and support services | 4 | $73,000 | Huntington National Bank | |
| Arts, entertainment and recreation | 3 | $125,000 | Huntington National Bank | |
| Wholesale trade | 3 | $200,000 | KeyBank | |
| Health care and social assistance | 2 | $62,500 | First Children's Finance | |
| Other services (repair, personal care) | 2 | $428,250 | Celtic Bank | |
| Manufacturing | 2 | $579,750 | Huntington National Bank |