Best SBA Lenders in Detroit, MI – 2025 Rankings & Lending Insights
SBA Lending in Detroit: Market Overview
Detroit’s small-business ecosystem continues to expand as the region diversifies beyond manufacturing into logistics, healthcare, and service-based industries. From FY2020 through June 2025, SBA lenders approved 1,118 SBA 7(a) loans totaling $952 million, according to SBA FOIA data.
The Detroit metro area remains a major SBA market in the Great Lakes region, supported by national lenders like Huntington and BayFirst alongside local Michigan banks that specialize in asset-backed and owner-operator financing.
Data Source: SBA FOIA 7(a) Loan Data (FY2020–June 2025)
Top SBA Lenders in Detroit (Ranked)
| Rank | Lender Name | Loan Count | Total Volume | Avg. Loan Size |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 97 | $33.57M | $346K |
| 2 | BayFirst National Bank | 83 | $19.32M | $233K |
| 3 | Live Oak Banking Company | 76 | $84.76M | $1.12M |
| 4 | Wells Fargo Bank, N.A. | 72 | $29.91M | $415K |
| 5 | JPMorgan Chase Bank, N.A. | 65 | $28.16M | $433K |
| 6 | Readycap Lending, LLC | 60 | $34.22M | $570K |
| 7 | Comerica Bank | 56 | $38.55M | $688K |
| 8 | Independent Bank | 51 | $30.88M | $606K |
Huntington leads Detroit’s SBA market by loan count, while Live Oak dominates total lending volume, focusing on acquisitions, healthcare, and franchised businesses. Comerica Bank, headquartered in Michigan, remains a key regional player offering flexible structures and deep SBA expertise for mid-sized borrowers.
Why Work with GoSBA Loans
Navigating SBA financing in Detroit can be complex—each lender evaluates risk differently depending on collateral, cash flow, and business size. GoSBA Loans helps Michigan entrepreneurs package, position, and present their loan applications to the lenders most likely to approve.
Our Value:
- Access to Michigan’s most active SBA lenders and national institutions.
- SBA-compliant underwriting for faster approvals and fewer document revisions.
- Comparative analysis to secure the best rates and structures.
- Free to borrowers: GoSBA Loans is paid directly by the lender after loan closing.
Result: Cleaner underwriting, faster lender engagement, and higher approval confidence for Michigan borrowers.
SBA Loan Insights by Industry – Detroit
| Industry | Loan Count | Total Volume | Notes |
|---|---|---|---|
| Manufacturing & Fabrication | 81 | $66.24M | Detroit’s largest SBA category |
| Construction & Specialty Trades | 67 | $46.72M | High lender activity in skilled trades |
| Full-Service Restaurants | 58 | $38.49M | Consistent demand for owner-operator financing |
| Limited-Service Restaurants | 44 | $20.36M | Growth in franchise and fast-casual models |
| Healthcare Practices | 42 | $37.15M | Lenders favor stable margins and recurring cash flow |
| Logistics & Transportation | 36 | $29.22M | Reflects Detroit’s distribution and trucking base |
| Professional Services | 30 | $26.83M | Legal, consulting, and engineering firms active |
SBA lending in Detroit is led by manufacturing, construction, and healthcare, showing lenders’ confidence in operationally sound, asset-based borrowers. Strong management and verified cash flow are key approval drivers in Michigan’s SBA market.
Work with Michigan’s Leading SBA Brokerage
Whether you’re buying, expanding, or refinancing, GoSBA Loans connects Detroit business owners directly to the lenders most likely to approve their SBA loan—efficiently and at no cost.
- Get a free assessment: https://gosbaloans.com/contact-us/
- See SBA resources: https://gosbaloans.com/blog/
- Follow us on LinkedIn: https://www.linkedin.com/company/go-sba-loans/
Looking for the best SBA lenders in Detroit? Contact GoSBA Loans today for a free consultation. Our team will underwrite your deal, identify lender matches, and manage your SBA loan from application to approval—at no cost to you.
Angelo Alix
Angelo Alix is an SBA loan broker and business analyst specializing in business acquisitions, market research, and investor-grade planning. With expertise in financial modeling, SBA lending structures, and capital stack optimization, he helps entrepreneurs and business owners secure funding by delivering clear, data-driven financial narratives and strategic growth plans.