25 SBA loans worth $15.8M went to businesses in Southgate, MI between October 2021 and June 2026, from 14 lenders. Huntington National Bank made the most, 9 loans. The median loan was $189,800, 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 | 9 | $1.0M | $100,000 | 22% |
| 2 | First Internet Bank of Indiana Bank · Fishers, IN | 2 | $1.6M | $790,500 | 50% |
| 3 | Michigan Certified Development Certified development company · East Lansing, MI | 2 | $1.5M | $749,500 | 100% |
| 4 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $454K | $227,000 | 0% |
| 5 | University Bank Bank · Ann Arbor, MI | 1 | $4.7M | $4,660,000 | 100% |
| 6 | Shoreham Bank Bank · Warwick, RI | 1 | $4.3M | $4,263,000 | 0% |
| 7 | Fifth Third Bank Bank · Cincinnati, OH | 1 | $785K | $785,000 | 100% |
| 8 | Newtek Bank Bank · Miami, FL | 1 | $400K | $400,000 | 0% |
| 9 | PNC Bank Bank · Wilmington, DE | 1 | $379K | $379,400 | 0% |
| 10 | Bank Michigan Bank · Brooklyn, MI | 1 | $225K | $225,000 | 0% |
| 11 | Citizens Bank Bank · Providence, RI | 1 | $200K | $200,000 | 0% |
| 12 | Colony Bank Bank · Fitzgerald, GA | 1 | $150K | $150,000 | 0% |
| 13 | Independent Bank Bank · Grand Rapids, MI | 1 | $115K | $115,000 | 0% |
| 14 | Northeast Bank Bank · Portland, ME | 1 | $50K | $50,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 7 | $400,000 | PNC Bank | |
| Retail | 5 | $225,000 | Huntington National Bank | |
| Health care and social assistance | 5 | $100,000 | Michigan Certified Development | |
| Transportation and warehousing | 4 | $72,000 | Huntington National Bank | |
| Construction | 2 | $192,000 | Huntington National Bank | |
| Manufacturing | 1 | $404,000 | Readycap Lending | |
| Other services (repair, personal care) | 1 | $115,000 | Independent Bank |