Best Detroit, MI SBA Lenders & Rates of 2026

Compare 26 SBA lenders in Detroit, MI. $46.0M funded across 108 businesses. Average rate 9.62%. Get matched free.

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Best Detroit, MI SBA Lenders & Rates of 2026

$46.0M
Total Funded

108
Loans Approved

$426K
Avg Loan Size

9.62%
Avg Interest Rate

26
Active Lenders

SBA Loans in Detroit, MI

Detroit, MI businesses received $46.0M in SBA 7(a) loan approvals across 108 businesses in 2025. With 26 active SBA lenders competing for business in Detroit, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Detroit is $426K, with rates averaging 9.62%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Detroit SBA Loans by Business Type

🚀 Startups
31%
$15.7M • 33 loans

🏢 Existing Businesses
58%
$17.3M • 63 loans

🔄 Acquisitions
11%
$13.0M • 12 loans

Top SBA Lenders in Detroit, MI (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Detroit businesses:

RankLenderVolumeLoansAvg Rate
1 The Huntington National Bank$10.1M469.33%
2 First Internet Bank of Indiana$7.4M79.89%
3 United FCU$6.3M69.88%
4 Shoreham Bank$3.5M39.42%
5 Michigan Schools and Government Credit Union$2.7M48.69%
6 Comerica Bank$1.9M48.81%
7 Byline Bank$1.8M110.00%
8 Newtek Bank, National Association$1.5M510.50%
9 Community Unity Bank$1.3M18.50%
10 Northeast Bank$1.3M810.25%
11 Diversified Members Credit Union$990K110.00%
12 Omni Community Credit Union$971K110.00%
13 Citizens Bank$834K29.75%
14 Christian Financial CU$808K28.95%
15 JPMorgan Chase Bank, National Association$530K211.00%
16 Live Oak Banking Company$500K19.99%
17 Independent Bank$500K39.67%
18 First Bank of the Lake$493K19.25%
19 First State Bank$478K18.00%
20 Capital Community Bank$474K19.50%
21 Lendistry SBLC, LLC$350K111.50%
22 Capital Bank, National Association$350K19.75%
23 Enterprise Bank & Trust$320K28.75%
24 Readycap Lending, LLC$275K212.13%
25 PNC Bank, National Association$200K111.10%
26 Celtic Bank Corporation$150K110.25%

Top Industries in Detroit

Here are the industries that received the most SBA funding in Detroit:

SBA Loans in Michigan

Detroit is part of Michigan‘s SBA lending market. For statewide data and more lender options, see our full Michigan SBA Lenders guide.

🤝 Why Use an SBA Broker in Detroit?

GoSBA Loans helps Detroit businesses access the best SBA lenders:

  • Access 26+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Detroit
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Detroit SBA Loan

Our team has helped hundreds of Detroit businesses secure SBA financing. Let us match you with the right lender.

Looking for SBA loan help in Detroit? GoSBA Loans is a trusted SBA loan broker serving businesses in Detroit and across Michigan. Contact our Detroit SBA specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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