# Small business loans in Lansing, MI

**Short answer:** The most active SBA lenders in Lansing, MI since FY2024 are The Huntington National Bank (29 loans) and ChoiceOne Bank (8). The median loan was $155,700, and half fell between $56,500 and $408,500. 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/lansing/
Data as of: 2026-06-30

## Lenders making SBA loans in Lansing

The Huntington National Bank made the most loans in Lansing, 39% of the total. The three largest lenders together made 56%.

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

| Lender | Loans | Share |
| --- | --- | --- |
| [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/michigan/) | 29 | 38.7% |
| [ChoiceOne Bank](https://www.sbaexpress.loans/sba-express-lenders/choiceone-bank/) | 8 | 10.7% |
| CASE CU | 5 | 6.7% |

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

Lansing 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 Lansing

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

43% of Lansing 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 Lansing

Lansing ranks 11th by loans since FY2024 among the 25 Michigan cities with 100 or more SBA loans since FY2020. Nationally it is the 322nd busiest of the 580 cities that reach 100 loans.

The 75 loans, 1.3% of the 5,627 in Michigan, were approved for $35.7 million in all. The median loan was $155,700, close to the national median of $150,300. Half of the loans fell between $56,500 and $408,500. The Michigan median is $150,000.

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

| Measure | Lansing | Michigan | U.S. |
| --- | --- | --- | --- |
| Loans | 75 | 5,627 | 162,355 |
| Median loan | $155,700 | $150,000 | $150,300 |
| 25th percentile | $56,500 | $50,000 | $50,000 |
| 75th percentile | $408,500 | $379,800 | $500,000 |
| Via SBA Express | 29.3% | 38.6% | 35.8% |
| Lines of credit | 26.7% | 36.6% | 28.1% |
| Startups | 22.7% | 17.5% | 16.1% |
| Ownership changes | 10.7% | 11.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.05 | 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.

84% of the loans were $500,000 or less, the size SBA Express covers. 29.3% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 26.7% of loans, close to the national 28.1%.

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

- $50,000 or less (24%): 18
- $50,001 to $150,000 (24%): 18
- $150,001 to $350,000 (25%): 19
- $350,001 to $500,000 (11%): 8
- $500,001 to $1,000,000 (7%): 5
- $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.

By business age, 46.7% of loans went to businesses more than two years old and 20.0% to businesses two years old or younger. Startups received 22.7% and changes of ownership 10.7%. The national startup share is 16.1%.

SBA loans in Lansing, MI by fiscal year

- FY2020: 15
- FY2021: 22
- FY2022: 26
- FY2023: 31
- FY2024: 38
- FY2025: 25
- FY2026 (through June 30): 12

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

Volume fell 34% from FY2024 (38 loans) to FY2025 (25), the two latest full years. The busiest full year in the file was FY2024, with 38 loans. FY2026 already shows 12 loans through June 30.

Of the 63 loans Lansing 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 692 jobs supported across the 75 loans since FY2024, about 9.2 per loan. SBA does not audit these estimates.

## What businesses in Lansing borrow for

Full-Service Restaurants was the largest borrower group in Lansing, with 8 loans or 10.7% of the total.

**Industries with the most SBA loans in Lansing, MI, FY2024 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/michigan/) | 8 | 10.7% | 4.6% |
| [General Freight Trucking, Long-Distance, Truckload](https://www.sbaexpress.loans/industries/general-freight-trucking-long-distance-truckload/michigan/) | 6 | 8.0% | 1.3% |

Share is the percent of all Lansing 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 Lansing

The median Lansing loan was $155,700 with a median term of 10 years.

The median variable-rate loan in Lansing was priced at Prime plus 2.05 percentage points at approval. At today's Prime that spread works out to 9.05%. On $155,700 over 10 years, principal and interest would come to about $1,977 a month. That is arithmetic on past loans, not a rate a lender is offering.

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

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $56,500 | $717 |
| Median loan | $155,700 | $1,977 |
| 75th percentile loan | $408,500 | $5,186 |

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 $155,700 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).

Lansing 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 $150,000 loan](https://www.sbaexpress.loans/loan-amounts/150000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Lansing

Lansing has 7 SBA 504 loans since FY2024, with $7.0 million in SBA and CDC dollars.

The median 504 loan in Lansing was $699,000 in SBA and CDC dollars, 14% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Michigan Certified Development Corporation is the one Certified Development Company (CDC) named on five or more loans, 22 since FY2020.

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

| Certified Development Company | 504 loans |
| --- | --- |
| Michigan Certified Development Corporation | 22 |

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 Lansing

Lansing made up 1.3% of Michigan's SBA loans since FY2024.

Lansing 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.

- [Howell: 46 loans, median $187,500](https://www.sbaexpress.loans/michigan-small-business-loans/howell/)
- [Kalamazoo: 58 loans, median $189,000](https://www.sbaexpress.loans/michigan-small-business-loans/kalamazoo/)
- [Saginaw: 70 loans, median $122,600](https://www.sbaexpress.loans/michigan-small-business-loans/saginaw/)
- [Flint: 67 loans, median $140,000](https://www.sbaexpress.loans/michigan-small-business-loans/flint/)
- [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/)
- [Novi: 51 loans, median $150,000](https://www.sbaexpress.loans/michigan-small-business-loans/novi/)
- [Farmington Hills: 54 loans, median $150,000](https://www.sbaexpress.loans/michigan-small-business-loans/farmington-hills/)

## Common questions about SBA loans in Lansing

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

The Huntington National Bank leads with 29 loans in Lansing since FY2024. ChoiceOne Bank (8) and CASE CU (5) follow. Only lenders with five or more Lansing loans are counted.

### Which industries get SBA loans in Lansing?

Full-Service Restaurants leads with 8 loans in Lansing since FY2024. General Freight Trucking, Long-Distance, Truckload (6) follows.

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)