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SBA Loans in Michigan

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$3.5B+
SBA Loans Funded in MI
300+
Lender Partners
10%
Minimum Down Payment
90 sec
Pre-Qualification Time

SBA Financing for Michigan Businesses

Michigan's economy is surging with a powerful mix of advanced manufacturing, automotive innovation, healthcare, and a rapidly growing tech sector. Whether you're acquiring a boutique hotel in Traverse City, purchasing commercial real estate in downtown Detroit, expanding a medical practice in Ann Arbor, or building out a franchise in the thriving suburbs of Troy and Birmingham, FundMySBA connects you with the right SBA lender for your deal.

Our network includes over 300 SBA-approved lenders serving every Michigan market — from Metro Detroit to the Upper Peninsula, from Grand Rapids' booming West Side to the Lake Michigan shoreline. Michigan's lower cost of living and strong workforce pipeline make it a compelling market for SBA-financed business growth, and our lenders know how to underwrite these opportunities.

What We Finance in Michigan

Hotels & Hospitality

Boutique hotels, lakefront resorts, bed and breakfasts, and seasonal hospitality properties. SBA 504 + 7(a) stacking up to $16.25M.

Commercial Real Estate

Office buildings, retail space, mixed-use, industrial, and owner-occupied commercial property. 10% down with SBA 504.

Medical & Dental Offices

Practice acquisitions, medical office buildings, equipment financing, and ambulatory surgery centers across Metro Detroit and statewide.

Multi-Family Properties

Apartment buildings, 5-50 unit properties, owner-occupied multi-family with SBA financing in Detroit's revitalizing neighborhoods.

Franchise Operations

Franchise buildout, multi-unit expansion, equipment, and real estate for SBA-approved franchise brands across Michigan.

Manufacturing & Industrial

Equipment, facility expansion, and working capital for Michigan's manufacturing and automotive supply chain businesses.

Michigan Markets We Serve

Detroit Ann Arbor Grand Rapids Troy Birmingham Traverse City Royal Oak Kalamazoo Lansing Southfield Novi Holland Rochester Hills Farmington Hills Petoskey Mackinac

View all Michigan market guides →

Frequently Asked Questions

What SBA loan programs are available in Michigan?

Michigan businesses can access SBA 7(a) loans up to $5M for working capital, equipment, and acquisitions; SBA 504 loans up to $5.5M for commercial real estate and heavy equipment with fixed rates and 10% down; SBA Express loans up to $500K with 36-hour approval; and SBA Microloans up to $50K for startups.

How fast can I get pre-qualified?

Pre-qualification through FundMySBA takes 90 seconds. Answer 4 simple questions about your business and funding needs, and we instantly match you with SBA-approved lenders in Michigan. No credit check required for pre-qualification.

What industries qualify for SBA loans in Michigan?

Most for-profit Michigan businesses qualify, including hotels and hospitality, commercial real estate, medical and dental practices, franchise operations, multi-family properties, manufacturing, automotive suppliers, professional services, and technology companies. Some restrictions apply to certain industries.

Are there Michigan-specific programs that work with SBA loans?

Yes. Michigan offers programs that complement SBA financing, including the Michigan Economic Development Corporation (MEDC) incentives, Michigan Small Business Development Center resources, and various tax abatements in Opportunity Zones. Detroit's revitalization programs and the Pure Michigan Business Connect initiative can also be layered with SBA loans for stronger deal structures.

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