| # | Lender | HQ state | Approved | Loans | Avg loan | Share |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | OH | $182.3M | 951 | $192K | 20.9% |
| 2 | Live Oak Banking Company | NC | $64.5M | 44 | $1.5M | 7.4% |
| 3 | Fifth Third Bank, National Association | OH | $43.1M | 81 | $532K | 4.9% |
| 4 | First Internet Bank of Indiana | IN | $36.2M | 28 | $1.3M | 4.2% |
| 5 | Independent Bank | MI | $34.4M | 41 | $840K | 4.0% |
| 6 | Horizon Bank | IN | $25.1M | 55 | $456K | 2.9% |
| 7 | Newtek Bank, National Association | FL | $22.4M | 61 | $367K | 2.6% |
| 8 | GBank | NV | $21.9M | 6 | $3.6M | 2.5% |
| 9 | ChoiceOne Bank | MI | $20.1M | 33 | $609K | 2.3% |
| 10 | Readycap Lending, LLC not in CharterBench | NJ | $19.3M | 63 | $306K | 2.2% |
| 11 | Old National Bank | IN | $18.7M | 16 | $1.2M | 2.1% |
| 12 | United Federal Credit Union | MI | $17.3M | 22 | $787K | 2.0% |
| 13 | Community Choice Credit Union | MI | $16.7M | 18 | $930K | 1.9% |
| 14 | Celtic Bank | UT | $13.3M | 46 | $289K | 1.5% |
| 15 | JPMorgan Chase Bank, National Association | OH | $12.2M | 37 | $331K | 1.4% |
| 16 | Shoreham Bank | RI | $10.6M | 8 | $1.3M | 1.2% |
| 17 | Bank of Ann Arbor | MI | $10.2M | 10 | $1.0M | 1.2% |
| 18 | Oxford Bank | MI | $10.0M | 19 | $528K | 1.1% |
| 19 | First Utah Bank | UT | $10.0M | 2 | $5.0M | 1.1% |
| 20 | United Midwest Savings Bank, National Association | OH | $9.7M | 25 | $387K | 1.1% |
| 21 | Bank of America, National Association | NC | $8.9M | 12 | $743K | 1.0% |
| 22 | Northeast Bank | ME | $8.5M | 57 | $149K | 1.0% |
| 23 | Byline Bank | IL | $8.4M | 10 | $845K | 1.0% |
| 24 | Bank Michigan | MI | $8.3M | 8 | $1.0M | 1.0% |
| 25 | Merchants Bank of Indiana | IN | $8.2M | 4 | $2.0M | 0.9% |
Pro shows every lender, plus each one’s seven-year SBA history, industries and pricing.
| Line | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 to date | Trend |
|---|---|---|---|---|---|---|---|---|
| Approved | $542.4M | $858.1M | $742.7M | $734.8M | $888.6M | $872.2M | $535.1M | |
| Loans | 1,481 | 1,861 | 1,869 | 2,310 | 2,504 | 2,117 | 1,006 | |
| Active lenders | 120 | 142 | 143 | 133 | 132 | 143 | 123 |
7 of the lenders shown are headquartered in Michigan. See who holds the deposits in Michigan, or screen the state’s banks and credit unions by ratio.