SBA lending data · fiscal year 2025

39 lenders funded full-service restaurants in Michigan last year

107 SBA 7(a) loans approved under NAICS 722511. Median approval $185,000, median term 120 months, median initial rate 10%.

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What was actually approved

107
loans approved
39
distinct lenders
$50k
25th percentile
$636k
75th percentile

Half of all approvals in this industry and state fell between $50,000 and $636,200. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.

The most active lenders

Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.

  1. 1The Huntington National Bank46 loans · $9.5M
  2. 2Newtek Bank, National Association7 loans · $2.4M
  3. 3Fifth Third Bank6 loans · $1.1M
  4. 4Celtic Bank Corporation3 loans · $1.1M
  5. 5First Internet Bank of Indiana3 loans · $3.8M
  6. 64Front Credit Union3 loans · $0.5M
  7. 7Lake Trust CU2 loans · $0.9M
  8. 8Capitol National Bank2 loans · $3.9M
  9. 9Byline Bank2 loans · $1.3M
  10. 10Oxford Bank2 loans · $0.8M
  11. 11Omni Community Credit Union2 loans · $1.6M
  12. 12Northeast Bank2 loans · $0.3M

This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.

Is this industry getting easier or harder to finance?

Fiscal yearLoansLendersMedian approval
FY202311727$100,000
FY202412730$101,400
FY202510739$185,000

Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.

Where this comes from

The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.

This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.

Other industries in Michigan

Full-Service Restaurants in other states

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