Best Grand Rapids, MI SBA Lenders & Rates of 2026

Compare 23 SBA lenders in Grand Rapids, MI. $48.9M funded across 101 businesses. Average rate 9.66%. Get matched free.

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Best Grand Rapids, MI SBA Lenders & Rates of 2026

$48.9M
Total Funded

101
Loans Approved

$484K
Avg Loan Size

9.66%
Avg Interest Rate

23
Active Lenders

SBA Loans in Grand Rapids, MI

Grand Rapids, MI businesses received $48.9M in SBA 7(a) loan approvals across 101 businesses in 2025. With 23 active SBA lenders competing for business in Grand Rapids, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Grand Rapids is $484K, with rates averaging 9.66%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Grand Rapids SBA Loans by Business Type

🚀 Startups
26%
$8.3M • 26 loans

🏢 Existing Businesses
56%
$16.9M • 57 loans

🔄 Acquisitions
18%
$23.7M • 18 loans

Top SBA Lenders in Grand Rapids, MI (2025)

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

RankLenderVolumeLoansAvg Rate
1 The Huntington National Bank$12.0M539.91%
2 Newtek Bank, National Association$5.6M410.50%
3 Banc of California$5.0M17.50%
4 Pathward National Association$4.0M29.75%
5 Fifth Third Bank$3.2M79.62%
6 JPMorgan Chase Bank, National Association$3.1M26.30%
7 Lake Michigan CU$3.0M39.67%
8 Independent Bank$2.6M29.38%
9 Horizon Bank$2.1M58.20%
10 Port 51 Lending LLC$1.5M110.25%
11 Old National Bank$1.5M28.63%
12 First Financial Bank$1.3M110.00%
13 First Bank of the Lake$657K210.00%
14 Community Bank & Trust-West Georgia$630K110.50%
15 CenTrust Bank, A Division of SmartBiz Bank National Associat$500K110.25%
16 Readycap Lending, LLC$435K110.25%
17 Live Oak Banking Company$350K19.00%
18 Northeast Bank$318K610.38%
19 Michigan Certified Development Corporation$318K110.50%
20 Grand River Bank$300K18.00%
21 ChoiceOne Bank$250K17.50%
22 Centerstone SBA Lending, Inc.$215K19.50%
23 Union Bank$144K29.00%

Top Industries in Grand Rapids

Here are the industries that received the most SBA funding in Grand Rapids:

SBA Loans in Michigan

Grand Rapids 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 Grand Rapids?

GoSBA Loans helps Grand Rapids businesses access the best SBA lenders:

  • Access 23+ lenders — including many that don’t accept direct applications
  • Local market expertise — we know which lenders are most active in Grand Rapids
  • Rate comparison — get competing offers to secure the best terms
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Grand Rapids SBA Loan

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

Looking for SBA loan help in Grand Rapids? GoSBA Loans is a trusted SBA loan broker serving businesses in Grand Rapids and across Michigan. Contact our Grand Rapids 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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