104 SBA loans worth $48.2M went to businesses in Royal Oak, MI between October 2021 and June 2026, from 37 lenders. Huntington National Bank made the most, 40 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 | 40 | $7.3M | $50,000 | 30% |
| 2 | Fifth Third Bank Bank · Cincinnati, OH | 6 | $4.0M | $200,000 | 0% |
| 3 | BayFirst National Bank Bank · St. Petersburg, FL | 5 | $750K | $150,000 | 20% |
| 4 | Oxford Bank Bank · Oxford, MI | 3 | $1.9M | $808,900 | 0% |
| 5 | Newtek Bank Bank · Miami, FL | 3 | $1.6M | $575,000 | 33% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 3 | $1.5M | $199,600 | 33% |
| 7 | United FCU Credit union · St. Joseph, MI | 3 | $1.3M | $323,000 | 0% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 2 | $7.7M | $3,837,500 | 0% |
| 9 | TowneBank Bank · Portsmouth, VA | 2 | $3.5M | $1,744,900 | 50% |
| 10 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $2.7M | $1,333,000 | 0% |
| 11 | Bank of America Bank · Charlotte, NC | 2 | $1.3M | $674,000 | 0% |
| 12 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 2 | $1.3M | $630,500 | 0% |
| 13 | First Internet Bank of Indiana Bank · Fishers, IN | 2 | $1.2M | $579,000 | 0% |
| 14 | Christian Financial CU Credit union · Sterling Heights, MI | 2 | $650K | $325,000 | 0% |
| 15 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 2 | $198K | $99,250 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 25 | $260,000 | Huntington National Bank | |
| Professional and technical services | 22 | $140,000 | Huntington National Bank | |
| Retail | 12 | $408,500 | Oxford Bank | |
| Other services (repair, personal care) | 10 | $85,500 | Huntington National Bank | |
| Restaurants and hotels | 7 | $150,000 | Huntington National Bank | |
| Administrative and support services | 6 | $246,500 | United FCU | |
| Manufacturing | 5 | $20,000 | Huntington National Bank | |
| Construction | 4 | $150,000 | BayFirst National Bank |