174 SBA loans worth $82.1M went to businesses in Traverse City, MI between October 2021 and June 2026, from 32 lenders. Huntington National Bank made the most, 48 loans. The median loan was $205,500, compared with $150,000 across Michigan, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 48 | $9.6M | $50,000 | 29% |
| 2 | Great Lakes Commercial Finance Certified development company · Grandville, MI | 24 | $11.2M | $355,000 | 17% |
| 3 | 4Front Credit Union Credit union · Traverse City, MI | 24 | $6.1M | $125,950 | 38% |
| 4 | Michigan Certified Development Certified development company · East Lansing, MI | 11 | $11.3M | $294,000 | 9% |
| 5 | Honor Bank Bank · Honor, MI | 8 | $3.9M | $500,000 | 12% |
| 6 | Old National Bank Bank · Evansville, IN | 7 | $12.7M | $680,300 | 14% |
| 7 | Independent Bank Bank · Grand Rapids, MI | 7 | $2.5M | $199,000 | 29% |
| 8 | West Shore Bank Bank · Ludington, MI | 6 | $6.3M | $450,000 | 33% |
| 9 | BayFirst National Bank Bank · St. Petersburg, FL | 5 | $750K | $150,000 | 0% |
| 10 | Team One CU Credit union · Saginaw, MI | 4 | $4.1M | $385,000 | 25% |
| 11 | TBA CU Credit union · Traverse City, MI | 4 | $1.9M | $239,950 | 25% |
| 12 | Nicolet National Bank Bank · Green Bay, WI | 3 | $3.9M | $775,000 | 67% |
| 13 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $400K | $200,000 | 0% |
| 14 | Northern Great Lakes Initiatives Non-bank lender · Marquette, MI | 2 | $365K | $182,400 | 100% |
| 15 | Northeast Bank Bank · Portland, ME | 2 | $160K | $80,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 34 | $166,500 | Huntington National Bank | |
| Restaurants and hotels | 26 | $423,600 | Huntington National Bank | |
| Construction | 18 | $100,000 | Huntington National Bank | |
| Other services (repair, personal care) | 14 | $113,450 | Huntington National Bank | |
| Professional and technical services | 13 | $150,000 | Michigan Certified Development | |
| Manufacturing | 13 | $250,000 | 4Front Credit Union | |
| Administrative and support services | 12 | $340,000 | Huntington National Bank | |
| Health care and social assistance | 10 | $264,950 | Huntington National Bank |