SBA business acquisition loans in Michigan
696 SBA 7(a) change-of-ownership loans totaling $691.0M in FY2024 to FY2026, median $607K, from 101 lenders.
League table
National rankings Top lenders
Top 25 by number of loans, FY2024 to FY2026
| Rank | Lender | Loans | Dollars | Median | FY24–26 trend |
|---|---|---|---|---|---|
| 1 | Huntington National BankColumbus, OH | 185 | $112.7M | $262K | −27% |
| 2 | Live Oak Banking CompanyWilmington, NC | 45 | $63.3M | $920K | −19% |
| 3 | Old National BankEvansville, IN | 38 | $44.1M | $522K | −56% |
| 4 | Fifth Third BankCincinnati, OH | 37 | $60.1M | $1.1M | +25% |
| 5 | United FCUSaint Joseph, MI | 29 | $27.6M | $825K | new |
| 6 | Horizon BankMichigan City, IN | 28 | $20.1M | $480K | −43% |
| 7 | First Internet Bank of IndianaFishers, IN | 25 | $29.9M | $852K | +0% |
| 8 | ChoiceOne BankSparta, MI | 17 | $11.3M | $545K | +233% |
| 9 | Byline BankChicago, IL | 13 | $24.0M | $1.8M | +300% |
| 9 | Bank MichiganBrooklyn, MI | 13 | $8.7M | $418K | +50% |
| 11 | Shoreham BankWarwick, RI | 12 | $27.1M | $1.9M | −20% |
| 11 | TowneBankPortsmouth, VA | 12 | $9.5M | $560K | −20% |
| 13 | Lake Michigan CUGrand Rapids, MI | 10 | $16.8M | $1.8M | new |
| 13 | DFCU FinancialDearborn, MI | 10 | $7.8M | $516K | new |
| 15 | GBankLas Vegas, NV | 9 | $34.2M | $4.5M | +50% |
| 15 | United Midwest Savings BankDegraff, OH | 9 | $7.8M | $658K | +0% |
| 17 | Newtek BankMiami, FL | 8 | $3.9M | $162K | +500% |
| 18 | Bancorp BankSioux Falls, SD | 7 | $8.3M | $852K | +50% |
| 18 | Centerstone SBA Lending, Inc.Los Angeles, CA | 7 | $6.8M | $683K | +0% |
| 18 | Oxford BankOxford, MI | 7 | $4.9M | $616K | +300% |
| 21 | First Merchants BankMuncie, IN | 6 | $6.4M | $724K | +50% |
| 21 | Michigan Certified Development CorporationEast Lansing, MI | 6 | $1.4M | $250K | +100% |
| 21 | 1st State BankSaginaw, MI | 6 | $839K | $66K | new |
| 24 | Celtic BankSalt Lake City, UT | 5 | $7.6M | $1.6M | new |
| 24 | Capitol National BankLansing, MI | 5 | $6.3M | $1.1M | new |
Ranked by number of loans; ties broken by dollars. Bars are scaled to the leader. Trend: loans per fiscal year, FY2024 to FY2026, with the change from FY2024 to FY2026.
Loan size
Deal size mix
- Under $350K255 loans · 37% · $39.6M
- $350K to $1M200 loans · 29% · $126.2M
- $1M to $2M146 loans · 21% · $207.1M
- $2M to $5M95 loans · 14% · $318.0M
Volume
By fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2024 | 201 | $201.8M |
| FY2025 | 254 | $229.4M |
| FY2026 | 241 | $259.8M |
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