# Small business loans in Kalamazoo, MI

**Short answer:** The most active SBA lenders in Kalamazoo, MI since FY2024 are The Huntington National Bank (14 loans) and Horizon Bank (7). The median loan was $189,000, and half fell between $81,250 and $337,500. For free help, see the Michigan Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/michigan-small-business-loans/kalamazoo/
Data as of: 2026-06-30

## Lenders making SBA loans in Kalamazoo

No lender made more than 24% of the loans in Kalamazoo, and The Huntington National Bank made the most. The three largest lenders together made 45%.

**Lenders with five or more SBA loans in Kalamazoo, MI, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/michigan/) | 14 | 24.1% |
| [Horizon Bank](https://www.sbaexpress.loans/sba-express-lenders/horizon-bank/) | 7 | 12.1% |
| Honor CU | 5 | 8.6% |

Share is the percent of all Kalamazoo loans in that period. Each name links to that lender's page for Michigan where one exists.

Kalamazoo has three 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.

## Local help near Kalamazoo

Kalamazoo borrowers can start with SBA's district office for Michigan, an SBDC or SCORE.

34% of Kalamazoo borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

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.

- [SBA Michigan District Office (Detroit, with a Grand Rapids branch by appointment): SBA district office](https://www.sba.gov/district/michigan)
- [Michigan Small Business Development Center: Small Business Development Center](https://michigansbdc.org/)
- [SCORE mentors in Michigan: Business mentoring](https://www.score.org/mi/)

## Loan counts and sizes in Kalamazoo

Kalamazoo ranks 18th by loans since FY2024 among the 25 Michigan cities with 100 or more SBA loans since FY2020. Nationally it is the 467th busiest of the 580 cities that reach 100 loans.

The 58 loans, 1.0% of the 5,627 in Michigan, were approved for $27.6 million in all. The median loan was $189,000, 26% above the national median of $150,300. Half of the loans fell between $81,250 and $337,500. The Kalamazoo median is 26% above the Michigan median of $150,000.

**Kalamazoo, MI compared with Michigan and the nation, loans from FY2024 to June 2026**

| Measure | Kalamazoo | Michigan | U.S. |
| --- | --- | --- | --- |
| Loans | 58 | 5,627 | 162,355 |
| Median loan | $189,000 | $150,000 | $150,300 |
| 25th percentile | $81,250 | $50,000 | $50,000 |
| 75th percentile | $337,500 | $379,800 | $500,000 |
| Via SBA Express | 31.0% | 38.6% | 35.8% |
| Lines of credit | 29.3% | 36.6% | 28.1% |
| Startups | 17.2% | 17.5% | 16.1% |
| Ownership changes | n/a | 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.

88% of the loans were $500,000 or less, the size SBA Express covers. 31.0% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 29.3% of loans, close to the national 28.1%.

SBA loans in Kalamazoo, MI by size, FY2024 to June 2026

- $50,000 or less (21%): 12
- $50,001 to $150,000 (26%): 15
- $150,001 to $350,000 (31%): 18
- $350,001 to $500,000 (10%): 6
- $500,001 to $1,000,000 (0%): 0
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Kalamazoo, MI by fiscal year

- FY2020: 23
- FY2021: 27
- FY2022: 21
- FY2023: 21
- FY2024: 24
- FY2025: 21
- FY2026 (through June 30): 13

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume fell 12% from FY2024 (24 loans) to FY2025 (21), the two latest full years. The busiest full year in the file was FY2021, with 27 loans. FY2026 already shows 13 loans through June 30.

Of the 71 loans Kalamazoo borrowers received in FY2020 to FY2022, 0.0% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 439 jobs supported across the 58 loans since FY2024, about 7.6 per loan. SBA does not audit these estimates.

## What businesses in Kalamazoo borrow for

Full-Service Restaurants was the largest borrower group in Kalamazoo since FY2020, with 8 loans or 5.3% of the total.

The four largest industries made up 15% of all Kalamazoo loans since FY2020.

**Industries with the most SBA loans in Kalamazoo, MI, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/michigan/) | 8 | 5.3% | 4.6% |
| [Child Care Services](https://www.sbaexpress.loans/industries/child-care-services/) | 5 | 3.3% | 1.5% |
| [Other Building Finishing Contractors](https://www.sbaexpress.loans/industries/other-building-finishing-contractors/) | 5 | 3.3% | 0.3% |
| [Residential Remodelers](https://www.sbaexpress.loans/industries/residential-remodelers/michigan/) | 5 | 3.3% | 2.3% |

Share is the percent of all Kalamazoo 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 Kalamazoo

The median Kalamazoo loan was $189,000 with a median term of 10 years.

The median variable-rate loan in Kalamazoo was priced at Prime plus 2.0 percentage points at approval. At today's Prime that spread works out to 9.00%. On $189,000 over 10 years, principal and interest would come to about $2,394 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Kalamazoo loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $81,250 | $1,029 |
| Median loan | $189,000 | $2,394 |
| 75th percentile loan | $337,500 | $4,275 |

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 $189,000 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).

Kalamazoo loans approved since FY2024 had a median starting rate of 9.5% 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 $200,000 loan](https://www.sbaexpress.loans/loan-amounts/200000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Kalamazoo

Kalamazoo has 6 SBA 504 loans since FY2024, with $7.1 million in SBA and CDC dollars.

The median 504 loan in Kalamazoo was $468,500 in SBA and CDC dollars, 9% 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 Company (CDC) named on the most loans since FY2020, with 9. Michigan Certified Development Corporation follows with 6. The two CDCs listed are named on 15 loans between them.

**CDCs named on five or more 504 loans in Kalamazoo, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Great Lakes Commercial Finance | 9 |
| Michigan Certified Development Corporation | 6 |

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 capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Michigan cities near Kalamazoo

Kalamazoo made up 1.0% of Michigan's SBA loans since FY2024.

Kalamazoo is one of 25 Michigan cities with 100 or more SBA loans since FY2020. The [Michigan page](https://www.sbaexpress.loans/michigan-small-business-loans/) covers all 5,627 loans in Michigan. The closest come first, ranked by county and ZIP code on their loans.

- [Lansing: 75 loans, median $155,700](https://www.sbaexpress.loans/michigan-small-business-loans/lansing/)
- [Howell: 46 loans, median $187,500](https://www.sbaexpress.loans/michigan-small-business-loans/howell/)
- [Saginaw: 70 loans, median $122,600](https://www.sbaexpress.loans/michigan-small-business-loans/saginaw/)
- [Holland: 78 loans, median $115,900](https://www.sbaexpress.loans/michigan-small-business-loans/holland/)
- [Muskegon: 40 loans, median $150,000](https://www.sbaexpress.loans/michigan-small-business-loans/muskegon/)
- [Flint: 67 loans, median $140,000](https://www.sbaexpress.loans/michigan-small-business-loans/flint/)
- [Grand Rapids: 316 loans, median $100,400](https://www.sbaexpress.loans/michigan-small-business-loans/grand-rapids/)
- [Traverse City: 79 loans, median $126,900](https://www.sbaexpress.loans/michigan-small-business-loans/traverse-city/)

## Common questions about SBA loans in Kalamazoo

### Which lenders make the most SBA loans in Kalamazoo?

The Huntington National Bank leads with 14 loans in Kalamazoo since FY2024. Horizon Bank (7) and Honor CU (5) follow. Only lenders with five or more Kalamazoo loans are counted.

### Which industries get SBA loans in Kalamazoo?

Full-Service Restaurants leads with 8 loans in Kalamazoo since FY2020. Child Care Services (5) and Other Building Finishing 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](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)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Michigan District Office (Detroit, with a Grand Rapids branch by appointment)](https://www.sba.gov/district/michigan)
- [Michigan Small Business Development Center](https://michigansbdc.org/)
- [SCORE, Michigan](https://www.score.org/mi/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)