# CDC Small Business Finance SBA loans in Michigan **Short answer:** SBA's loan file shows CDC Small Business Finance made 58 SBA loans in Michigan since October 2019. The median loan was $87,500, 40% below its national median of $146,600. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/cdc-small-business-finance/michigan/ Data as of: 2026-06-30 This site is not CDC Small Business Finance sbaexpress.loans is not CDC Small Business Finance, and CDC Small Business Finance did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from CDC Small Business Finance. These are the 58 SBA 7(a) loans [CDC Small Business Finance](https://www.sbaexpress.loans/sba-express-lenders/cdc-small-business-finance/) made in [Michigan](https://www.sbaexpress.loans/michigan-small-business-loans/) approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How CDC Small Business Finance differs in Michigan **What this means for you.** Use the local range, not the national one, to judge your own request: half of these loans in Michigan ran from $50,000 to $150,000. ### Loan size The median loan was $87,500 in Michigan, 40% below its national median of $146,600. The middle half of loans in Michigan ran from $50,000 to $150,000. For all its loans the middle half ran from $81,000 to $220,000. Median loan, Oct 2019 to Jun 2026 - Michigan: $87,500 - All its U.S. loans: $146,600 We compared 6 measures with the national figure for the same period, and this is the one that differs clearly. The table compares every measure. ## Michigan next to the U.S. **Michigan compared with all of CDC Small Business Finance's U.S. loans, October 2019 to June 2026** | Measure | Michigan | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 0.44% | 0.47% | No clear gap | | Median loan | $87,500 | $146,600 | Clearly lower | | Middle half of loans | $50,000 to $150,000 | $81,000 to $220,000 | – | | Startups (the loan opens the business) | 41.4% | 47.7% | No clear gap | | In business 2 years or less | 10.3% | 8.0% | No clear gap | | In business more than 2 years | 48.3% | 36.5% | No clear gap | | Change of ownership | 0.0% | 7.5% | No clear gap | | SBA Express | 0.0% | 0.0% | n/a | | Lines of credit | 0.0% | 0.0% | n/a | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 4.25 points over Prime | 4 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. ## What CDC Small Business Finance lends to in Michigan No single industry reached 5 loans from October 2019 to June 2026, so we do not rank industries here. ## CDC Small Business Finance in other states Other states where these loans differ clearly from the national pattern, most loans first. **CDC Small Business Finance by state** | State | Loans since October 2019 | | --- | --- | | [Texas](https://www.sbaexpress.loans/sba-express-lenders/cdc-small-business-finance/texas/) | 99 | | [Florida](https://www.sbaexpress.loans/sba-express-lenders/cdc-small-business-finance/florida/) | 72 | ## Other lenders in Michigan Other lenders in Michigan with a clear difference from the national pattern, most loans first. **Other lenders in Michigan** | Lender | Loans since October 2019 | | --- | --- | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/michigan/) | 6,793 | | [First Internet Bank of Indiana](https://www.sbaexpress.loans/sba-express-lenders/first-internet-bank-of-indiana/michigan/) | 146 | | [Old National Bank](https://www.sbaexpress.loans/sba-express-lenders/old-national-bank/michigan/) | 127 | | [First Merchants Bank](https://www.sbaexpress.loans/sba-express-lenders/first-merchants-bank/michigan/) | 95 | 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. A lender's past loans do not describe its current credit policy. 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)