# SBA loans to sit-down restaurants in Michigan **Short answer:** SBA's loan file shows 584 loans to sit-down restaurants in Michigan since October 2019. 34.8% were lines of credit, against 17.9% nationally. 45.4% went through SBA Express, against 31.1% nationally. Canonical page: https://www.sbaexpress.loans/industries/full-service-restaurants/michigan/ Data as of: 2026-06-30 These are the 584 SBA 7(a) loans to [sit-down restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/) in [Michigan](https://www.sbaexpress.loans/michigan-small-business-loans/) approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other. ## How Michigan differs from the U.S. **What this means for you.** If you need working capital you can draw on and repay, revolving lines were more common here, so ask lenders about one. ### Lines of credit 34.8% of the loans in Michigan were lines of credit, against 17.9% nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Michigan: 34.8% - United States: 17.9% ### SBA Express 45.4% of the loans in Michigan went through SBA Express, against 31.1% nationally. SBA Express, share of loans, Oct 2019 to Jun 2026 - Michigan: 45.4% - United States: 31.1% ### Loan size The median loan was $150,000 in Michigan, 45% below the national median of $274,500. The middle half of loans in Michigan ran from $50,000 to $450,375. Nationally the middle half ran from $84,000 to $661,100. Median loan, Oct 2019 to Jun 2026 - Michigan: $150,000 - United States: $274,500 We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. The table compares every measure. ## Michigan next to the U.S. **Michigan compared with all loans to sit-down restaurants in the U.S., October 2019 to June 2026** | Measure | Michigan | United States | Reading | | --- | --- | --- | --- | | Industry's share of all SBA loans | 4.4% | 4.5% | No clear gap | | Median loan | $150,000 | $274,500 | Clearly lower | | Middle half of loans | $50,000 to $450,375 | $84,000 to $661,100 | – | | Startups (the loan opens the business) | 28.3% | 25.7% | No clear gap | | In business 2 years or less | 10.1% | 16.4% | No clear gap | | In business more than 2 years | 49.5% | 43.8% | No clear gap | | Change of ownership | 11.8% | 13.3% | No clear gap | | SBA Express | 45.4% | 31.1% | Clearly higher | | Lines of credit | 34.8% | 17.9% | Clearly higher | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.25 points over Prime | 2.5 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## Who lends in Michigan The 5 lenders below made 382 of the 584 loans approved October 2019 to June 2026, or 65.4%. A lender is listed when it has 5 or more of them, five at most. **Top lenders in Michigan** | Lender | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/) | 322 | 55.1% | 12.5% | | [Fifth Third Bank](https://www.sbaexpress.loans/sba-express-lenders/fifth-third-bank/) | 28 | 4.8% | Not in top 5 | | [ChoiceOne Bank](https://www.sbaexpress.loans/sba-express-lenders/choiceone-bank/) | 14 | 2.4% | Not in top 5 | | [4Front Credit Union](https://www.sbaexpress.loans/sba-express-lenders/4front-credit-union/) | 9 | 1.5% | Not in top 5 | | [First Internet Bank of Indiana](https://www.sbaexpress.loans/sba-express-lenders/first-internet-bank-of-indiana/) | 9 | 1.5% | Not in top 5 | Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry. ## Sit-down restaurants in other states Other states where these loans differ clearly from the national pattern, most loans first. **Sit-down restaurants by state** | State | Loans since October 2019 | | --- | --- | | [California](https://www.sbaexpress.loans/industries/full-service-restaurants/california/) | 1,924 | | [Texas](https://www.sbaexpress.loans/industries/full-service-restaurants/texas/) | 1,118 | | [New York](https://www.sbaexpress.loans/industries/full-service-restaurants/new-york/) | 945 | | [Florida](https://www.sbaexpress.loans/industries/full-service-restaurants/florida/) | 897 | | [Ohio](https://www.sbaexpress.loans/industries/full-service-restaurants/ohio/) | 790 | | [Georgia](https://www.sbaexpress.loans/industries/full-service-restaurants/georgia/) | 580 | | [Pennsylvania](https://www.sbaexpress.loans/industries/full-service-restaurants/pennsylvania/) | 546 | | [Washington](https://www.sbaexpress.loans/industries/full-service-restaurants/washington/) | 543 | ## More industries in Michigan Other industries in Michigan with a clear difference from the national pattern, most loans first. **Other industries in Michigan** | Industry | Loans since October 2019 | | --- | --- | | [Long-haul truckload carriers](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/michigan/) | 848 | | [Local trucking companies](https://www.sbaexpress.loans/industries/general-freight-trucking-local/michigan/) | 385 | | [Home remodeling contractors](https://www.sbaexpress.loans/industries/residential-remodelers/michigan/) | 317 | | [Paving, fencing, pool and other specialty contractors](https://www.sbaexpress.loans/industries/all-other-specialty-trade-contractors/michigan/) | 292 | | [Plumbing and HVAC companies](https://www.sbaexpress.loans/industries/plumbing-heating-air-conditioning-contractors/michigan/) | 235 | | [Auto repair shops](https://www.sbaexpress.loans/industries/general-automotive-repair/michigan/) | 201 | | [Coffee shops, ice cream parlors, juice and tea bars and doughnut shops](https://www.sbaexpress.loans/industries/snack-nonalcoholic-beverage-bars/michigan/) | 191 | | [Hair salons and beauty salons](https://www.sbaexpress.loans/industries/beauty-salons/michigan/) | 185 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)