Small business loans in Holland, MI
Short answer
The most active SBA lenders in Holland, MI since FY2024 are The Huntington National Bank (50 loans) and Old National Bank (6). The median loan was $115,900, and half fell between $50,000 and $350,000. For free help, see the Michigan Small Business Development Center. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 78
- approved since FY2024
- $32.11M
- median loan
- $115,900
- through SBA Express
- 44.9%
Lenders making SBA loans in Holland
The Huntington National Bank alone made 64% of the loans in Holland.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 50 | 64.1% |
| Old National Bank | 6 | 7.7% |
Share is the percent of all Holland loans in that period. Each name links to that lender's page for Michigan where one exists.
Holland has two lenders with five or more loans since FY2024. Others had fewer, and the Michigan page counts 192 lenders with at least one approved loan statewide.
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Local help near Holland
Holland borrowers can start with SBA's district office for Michigan, an SBDC or SCORE.
SBA has one district office for Michigan. Its page points to state and federal resources and to lenders in the area. The Michigan Small Business Development Center gives free counseling across Michigan.
Loan counts and sizes in Holland
Holland ranks 9th by loans since FY2024 among the 25 Michigan cities with 100 or more SBA loans since FY2020. Nationally it is the 300th busiest of the 580 cities that reach 100 loans.
The 78 loans, 1.4% of the 5,627 in Michigan, were approved for $32.1 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $115,900, 23% below the national median of $150,300. Half of the loans fell between $50,000 and $350,000. The Holland median is 23% below the Michigan median of $150,000.
| Measure | Holland | Michigan | U.S. |
|---|---|---|---|
| Loans | 78 | 5,627 | 162,355 |
| Median loan | $115,900 | $150,000 | $150,300 |
| 25th percentile | $50,000 | $50,000 | $50,000 |
| 75th percentile | $350,000 | $379,800 | $500,000 |
| Via SBA Express | 44.9% | 38.6% | 35.8% |
| Lines of credit | 42.3% | 36.6% | 28.1% |
| Startups | 19.2% | 17.5% | 16.1% |
| Ownership changes | 17.9% | 11.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.0 | 2.0 | 2.75 |
| Charged off | 0.0% | 2.2% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
82% of the loans were $500,000 or less, the size SBA Express covers. 44.9% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 42.3% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 17% from FY2024 (35 loans) to FY2025 (29), the two latest full years. The busiest full year in the file was FY2024, with 35 loans. FY2026 already shows 14 loans through June 30.
Of the 58 loans Holland borrowers received in FY2020 to FY2022, 0.0% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 791 jobs supported across the 78 loans since FY2024, about 10.1 per loan. SBA does not audit these estimates.
What businesses in Holland borrow for
Limited-Service Restaurants was the largest borrower group in Holland, with 9 loans or 11.5% of the total.
The three largest industries made up 27% of all Holland loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Limited-Service Restaurants | 9 | 11.5% | 3.3% |
| Fitness and Recreational Sports Centers | 7 | 9.0% | 2.1% |
| Plumbing, Heating, and Air-Conditioning Contractors | 5 | 6.4% | 1.9% |
Share is the percent of all Holland loans in that period. Industry is the NAICS code on each loan. A name links to the Michigan page for that industry where one exists.
A typical loan payment in Holland
The median Holland loan was $115,900 with a median term of 10 years.
The median variable-rate loan in Holland was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $115,900 over 10 years, principal and interest would come to about $1,468 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $633 |
| Median loan | $115,900 | $1,468 |
| 75th percentile loan | $350,000 | $4,434 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $115,900 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 4.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Holland loans approved since FY2024 had a median starting rate of 10% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $125,000 loan and SBA Express payment calculator.
SBA 504 loans near Holland
Holland has 9 SBA 504 loans since FY2024, with $11.6 million in SBA and CDC dollars.
The median 504 loan in Holland was $672,000 in SBA and CDC dollars, 13% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Great Lakes Commercial Finance is the Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2020, with 17. Michigan Certified Development Corporation follows with 10. The two CDCs listed are named on 27 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Great Lakes Commercial Finance | 17 |
| Michigan Certified Development Corporation | 10 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Michigan cities near Holland
Holland made up 1.4% of Michigan's SBA loans since FY2024.
Holland is one of 25 Michigan cities with 100 or more SBA loans since FY2020. The Michigan page covers all 5,627 loans in Michigan. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Holland
Which lenders make the most SBA loans in Holland?
The Huntington National Bank leads with 50 loans in Holland since FY2024. Old National Bank (6) follows. Only lenders with five or more Holland loans are counted.
Which industries get SBA loans in Holland?
Limited-Service Restaurants leads with 9 loans in Holland since FY2024. Fitness and Recreational Sports Centers (7) and Plumbing, Heating, and Air-Conditioning Contractors (5) follow.
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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Michigan District Office (Detroit, with a Grand Rapids branch by appointment)
- Michigan Small Business Development Center
- SCORE, Michigan
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Holland, MI. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/michigan-small-business-loans/holland/
Ask lending partners about a loan in Holland
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.