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SBA lenders in Troy, MI

SBA 7(a) and 504 loans to businesses in Troy (Oakland County), October 2021 to June 30, 2026 · Updated October 15, 2026
219
SBA loans approved
$111.8M
Total approved
$180,000
Median loan
48
Lenders active
31%
To startups

219 SBA loans worth $111.8M went to businesses in Troy, MI between October 2021 and June 2026, from 48 lenders. Huntington National Bank made the most, 82 loans. The median loan was $180,000, compared with $150,000 across Michigan, and professional and technical services was the most financed industry.

Most active SBA lenders in Troy

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
82$24.6M$100,00032%
2Fifth Third Bank
Bank · Cincinnati, OH
14$5.0M$190,0007%
3Northeast Bank
Bank · Portland, ME
13$1.6M$80,0000%
4Newtek Bank
Bank · Miami, FL
11$4.3M$180,00027%
5Bank of America
Bank · Charlotte, NC
6$4.3M$693,85067%
6JPMorgan Chase Bank
Bank · Columbus, OH
6$2.1M$228,50017%
7BayFirst National Bank
Bank · St. Petersburg, FL
6$780K$150,0000%
8Live Oak Banking
Bank · Wilmington, NC
5$7.7M$1,100,00040%
9Independent Bank
Bank · Grand Rapids, MI
5$2.1M$250,00060%
10Bank Michigan
Bank · Brooklyn, MI
5$1.8M$325,00040%
11Citizens Bank
Bank · Providence, RI
5$1.5M$324,0000%
12Byline Bank
Bank · Chicago, IL
4$4.0M$867,50075%
13Horizon Bank
Bank · Michigan City, IN
3$985K$435,00033%
14ChoiceOne Bank
Bank · Sparta, MI
3$976K$290,00033%
15PNC Bank
Bank · Wilmington, DE
3$825K$35,00067%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Troy. For 504 loans the lender shown is the certified development company.

What gets financed in Troy

IndustryLoansShareMedian loanMost active lender
Professional and technical services44
20%
$147,500Huntington National Bank
Restaurants and hotels26
12%
$225,750Huntington National Bank
Health care and social assistance26
12%
$178,550Huntington National Bank
Retail18
8%
$295,000Huntington National Bank
Manufacturing15
7%
$275,000Huntington National Bank
Construction14
6%
$137,500Huntington National Bank
Transportation and warehousing12
5%
$75,000Huntington National Bank
Other services (repair, personal care)11
5%
$150,000Bank Michigan
Loan size mix
  • Under $150,00040%
  • $150,000 to $500,00037%
  • $500,000 to $2 million16%
  • $2 million and up8%
Compared with Michigan
Median loan, Troy
$180,000
Median loan, Michigan
$150,000
Startup share, Troy
31%
Startup share, Michigan
29%
Share of state's SBA loans
1.9%

SBA loans per fiscal year in Troy

0204060FY14: 39 loansFY14FY15: 55 loansFY15FY16: 48 loansFY16FY17: 59 loansFY1759FY18: 42 loansFY18FY19: 56 loansFY19FY20: 38 loansFY20FY21: 43 loansFY21FY22: 40 loansFY22FY23: 48 loansFY23FY24: 53 loansFY24FY25: 51 loansFY25FY26 (Oct to Jun): 27 loansFY2627
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.