SBA Loans Michigan
Michigan's #1 SBA Loan Platform

Access 25+ Elite SBA Lenders, Exclusive Pricing & White-Glove Service—All At Zero Cost to You

Serving Metro Detroit, Grand Rapids, Ann Arbor, and businesses throughout Michigan—including rural communities

✓ Zero Cost to You ✓ 24-Hour Response ✓ 25+ Lender Options

📞 Call: (855) 998-5874 | ✉️ Email: hello@sbaloansmichigan.com

$1 Billion+ Funded | 10,000+ Businesses Served | 25+ Lender Partners | 20+ Years Experience

SECTION 1: WHAT ARE SBA LOANS IN MICHIGAN?

SBA loans are government-backed business loans that help Michigan small businesses access capital with longer terms, lower down payments, and competitive rates compared to conventional financing. The Small Business Administration doesn't lend directly—instead, it guarantees loans made by approved SBA lenders, reducing lender risk and enabling more Michigan businesses to qualify for the financing they need to grow.

With 886,557 small businesses representing 99.6% of Michigan's economy, SBA loans have become a critical financing tool for growth-focused companies across Metro Detroit, Grand Rapids, Ann Arbor, Lansing, and rural communities throughout the state. Michigan businesses secured 388 SBA loans in Q2 2025 alone, totaling over $200 million in funding.

The Michigan SBA loan market continues to strengthen:

• Average loan size: $526,749

• Average interest rate: 9.6% (down from 10.5% in 2024)

• Top industries: Restaurants, trucking, construction, manufacturing, healthcare

• Geographic concentration: Metro Detroit leads, with strong activity in Grand Rapids, Ann Arbor, and rural Michigan

Whether you're a manufacturing company in Sterling Heights, a restaurant in Grand Rapids, a medical practice in Ann Arbor, or a rural business anywhere in Michigan, SBA loans provide the long-term capital you need to acquire businesses, purchase real estate, finance equipment, or fuel expansion.

SECTION 2: THE PROBLEM MOST MICHIGAN BUSINESS OWNERS FACE

You need capital to grow your business. You've got solid revenue, real operations, and a legitimate need for financing. But here's what happens when you start looking for SBA loans in Michigan:

The mega banks cherry-pick only perfect deals. Chase, Wells Fargo, PNC, and other major banks want pristine credit, years of flawless financials, and significant collateral. They turn down 8 out of 10 SBA loan applications. Even their own loan officers get frustrated with how few deals actually close.

Your local bank or credit union wants to help but can't. Community banks and credit unions often lack the lending capacity, capital access, or specialized SBA programs needed to fund your deal. They're great for small business checking accounts—not so great for complex $500K+ SBA loans.

You waste months going bank to bank. Business owners spend 60-90 days contacting 15-20 different lenders, filling out endless applications, resubmitting the same documents over and over, only to get declined for reasons they don't understand. The process is exhausting, frustrating, and often unsuccessful.

Here's the truth about SBA loans in Michigan: Getting approved has almost nothing to do with whether your business qualifies. It has everything to do with finding the RIGHT lender for YOUR specific situation—and most business owners have no idea which lenders actually fund deals like theirs.

There's a better way.

SECTION 3: WHY SBA LOANS MICHIGAN GETS DEALS DONE

We've built something most Michigan business owners don't even know exists: direct access to 25+ of the strongest, most capable, and most aggressive SBA lenders in the country—including specialized lenders with programs the big banks don't offer and community banks can't access.

We're based right here in Metro Detroit. We understand Michigan businesses—from urban markets like Detroit, Grand Rapids, and Ann Arbor to rural communities across the state. Over 20 years, we've facilitated over $1 billion in business financing for more than 10,000 companies nationwide, with a major focus on helping Michigan businesses secure SBA and USDA loans.

But here's what really sets us apart:

We Do All the Heavy Lifting—For Free

✓ Complete file packaging and presentation – We handle everything so your business is positioned in the best possible light
✓ Pre-underwriting before submission – No wasted time with lenders who'll decline you
✓ Your dedicated advocate through the entire process – Every email, every call, every revision. We're with you start to finish
✓ Expert navigation of complex SBA requirements – We've been doing this for over 20 years. We know what works

You don't pay us a dime. We're compensated directly by the lenders—which means there's zero reason not to use us. You get white-glove service, expert packaging, access to 25+ lenders, and better pricing than going direct, all at absolutely no cost to your business.

Exclusive Pricing You Can't Get on Your Own

Because of our deep, long-standing partnerships with top-tier SBA lenders nationwide, we've secured special rate pricing that business owners cannot access by going direct.

You get:

• Lower rates than going bank-to-bank

• Longer terms and more favorable structures

• Faster funding timelines

• Access to specialized SBA programs most banks don't offer

Michigan Banks and Credit Unions Refer Their Clients to Us

When local Michigan banks and credit unions can't fund an SBA loan themselves—whether it's outside their credit box, too complex, or simply not their specialty—they send their clients to us. They trust us to handle their customers professionally, ethically, and successfully.

That's the ultimate endorsement.

Banks don't refer their customers to competitors. They refer to specialists they trust. We're that specialist for SBA loans in Michigan.

SECTION 4: SBA LOAN PROGRAMS FOR MICHIGAN BUSINESSES

We specialize in three primary loan programs designed to meet the diverse financing needs of Michigan businesses:

SBA 7(a) Loans – Michigan's Most Versatile Financing

The SBA 7(a) loan program is the most flexible business financing option available to Michigan companies. Use 7(a) loans for virtually any legitimate business purpose:

✓ Business acquisitions – Buying an existing business or franchise
✓ Commercial real estate – Owner-occupied properties
✓ Equipment financing – Machinery, vehicles, technology
✓ Working capital – Inventory, payroll, expansion
✓ Debt refinancing – Consolidate and improve cash flow
✓ Startup funding – For qualifying new businesses

Loan amounts: Up to $5 million
Terms: Up to 25 years (real estate), 10 years (other purposes)
Rates: Currently averaging 9.6% in Michigan (down from 10.5% in 2024)

Learn More About SBA 7(a) Loans →

SBA 504 Loans – Fixed-Rate Real Estate & Equipment Financing

SBA 504 loans are specifically designed for Michigan businesses purchasing commercial real estate or major equipment. These loans offer long-term, fixed-rate financing with lower down payments than conventional loans.

✓ Commercial real estate purchases – Owner-occupied facilities
✓ Building construction or renovation – Expand your operations
✓ Major equipment purchases – Manufacturing machinery, heavy equipment
✓ Fixed rates for 10-25 years – Predictable payments, no rate risk

Loan amounts: Up to $5 million (up to $5.5 million for manufacturing and energy-efficient projects)
Down payment: As low as 10% (vs. 20-30% for conventional)
Terms: Up to 25 years (real estate), 10 years (equipment)

Learn More About SBA 504 Loans →

USDA Rural Business Loans – Larger Loans for Rural Michigan

Most Michigan business owners don't realize that 97% of the United States—including the majority of Michigan—qualifies as "rural" under USDA guidelines. If your business is located outside the cores of Detroit, Grand Rapids, or Ann Arbor, you likely qualify for USDA Business & Industry (B&I) loans.

USDA B&I loans offer significant advantages:

✓ Loan amounts from $2 million to $25 million – Much larger than SBA maximums
✓ 97% of Michigan is eligible – Most areas outside major metro cores qualify
✓ Job creation incentives – Favorable terms for businesses creating Michigan jobs
✓ Flexible use of proceeds – Working capital, real estate, equipment, expansion

Perfect for manufacturing, distribution, food processing, agriculture-related businesses, and other rural Michigan operations that need substantial capital.

Learn More About USDA Rural Business Loans →

SECTION 5: WHO WE SERVE – MICHIGAN INDUSTRIES & BUSINESS TYPES

We work with established small to mid-sized Michigan businesses across virtually every industry. Our clients include:

Manufacturing & Distribution – Michigan's backbone. From automotive suppliers to advanced manufacturing, food processing to industrial distribution.

Restaurants & Food Service – Full-service restaurants, limited-service restaurants, breweries, cafes, catering operations. The #1 industry for SBA loans in Michigan.

Healthcare & Medical Practices – Physician practices, dental offices, chiropractic clinics, veterinary practices, home health agencies.

Construction & Contracting – General contractors, specialty trade contractors, HVAC, plumbing, electrical, landscaping, residential remodelers.

Transportation & Logistics – Trucking companies, freight brokers, logistics operations, specialized transportation services.

Retail & E-Commerce – Brick-and-mortar retail, online businesses, franchises, specialty shops.

Professional Services – Law firms, accounting practices, engineering firms, consulting businesses, marketing agencies.

Hospitality & Tourism – Hotels, motels, event venues, attractions, campgrounds, recreational facilities.

Agriculture & Rural Businesses – Farms, food processing, agricultural services, rural manufacturing, agribusiness operations.

If you're a Michigan business with consistent revenue, a real operation, and a legitimate growth plan, we can help.

SECTION 6: DO YOU QUALIFY FOR AN SBA LOAN IN MICHIGAN?

Most Michigan businesses qualify for SBA financing if they meet these general requirements:

✓ In business for 2+ years (some exceptions for startups and franchises)
✓ Annual revenue of $250,000+ (varies by loan type and purpose)
✓ Personal credit score of 650+ (some flexibility with strong compensating factors)
✓ Profitable operations and positive cash flow to support debt service
✓ Legitimate business purpose for loan proceeds
✓ Owner-occupied real estate (for 504 loans) or clear business use (7(a) loans)

Even if you've been declined by banks before, you may still qualify. A rejection from Chase or PNC doesn't mean you don't qualify for an SBA loan—it just means you need a different lender. That's exactly what we specialize in.

Common reasons businesses come to us after bank declines:

• Credit score in the 600-680 range (not "perfect" but still financeable)

• Business less than 5 years old (newer but profitable)

• Industry the bank doesn't understand or like (perfectly fine with the right lender)

• Deal structure doesn't fit the bank's credit box (we find the lender whose box it fits)

• Complex situation requiring expertise (acquisition, partnership buyout, unusual collateral)

If you're not sure whether you qualify, the fastest way to find out is to talk to us. We'll give you an honest assessment in 24 hours.

SECTION 7: THE SBA LOAN TIMELINE – WHAT TO EXPECT

One of the biggest frustrations Michigan business owners face is the uncertainty around timing. Nobody wants to wait 120 days to find out their loan was declined.

Here's what to expect when working with SBA Loans Michigan:

Days 1-7: Initial Consultation & Document Gathering
We discuss your needs, review your situation, gather initial documentation, and determine the best SBA loan structure for your business. We start pre-qualifying you with our lender network.

Days 7-14: File Packaging & Pre-Underwriting
We prepare your complete loan package, present your business in the strongest possible light, and conduct pre-underwriting to identify and address potential issues before submission. This is where we save you weeks of back-and-forth.

Days 14-30: Lender Submission & Underwriting
We submit your packaged file to the best-fit lenders from our network of 25+ institutions. Because we've pre-underwritten and packaged correctly, lenders move faster. We manage all communication, document requests, and follow-up.

Days 30-45: SBA Approval & Closing Preparation
Once the lender approves, the SBA reviews and issues its guarantee. We coordinate all closing requirements, ensure all conditions are met, and keep the process moving toward funding.

Days 45-60: Funding
You receive your loan proceeds and get back to growing your business.

Total timeline: 45-60 days on average (vs. 75-90 days going direct to banks, or 90-120 days if you're navigating it yourself without expertise).

Some loans close faster. Some take longer. Complex deals, multiple properties, business acquisitions, or situations requiring additional documentation may extend timelines. But our process eliminates the most common delays—incorrect documentation, wrong lender match, preventable underwriting issues.

SECTION 8: WHAT DOES THIS COST? (ANSWER: $0 TO YOU)

This is the #1 question Michigan business owners ask, and the answer surprises most people:

You pay us nothing. Zero. Not a dollar.

We're compensated directly by SBA lenders through standard broker fees that are built into every SBA loan—whether you use a broker or not. Banks pay us for bringing them qualified deals. You get:

✓ Better pricing than going direct (because of our lender relationships)
✓ Expert packaging and guidance (that would cost thousands if you hired a consultant)
✓ Access to 25+ lenders (impossible to reach on your own)
✓ White-glove service from application through funding

All at zero cost to your business.

Think of it this way: If you go directly to a bank, the bank still pays broker fees internally—to their own loan officers. But you get one bank, one option, and whatever rate they quote you. When you work with us, you get 25+ banks competing for your deal, we get you better pricing, and it costs you nothing.

There's literally no downside to using us.

SECTION 9: WHY MICHIGAN BUSINESSES CHOOSE SBA LOANS MICHIGAN

"Finally, someone who actually got it done."

"After three months of runaround from major banks, SBA Loans Michigan packaged our acquisition financing in two weeks and secured better terms than we ever expected. They know which lenders will actually say yes."
— Manufacturing company, Sterling Heights, MI | $850K SBA 7(a) Loan

"They made a complex process simple."

"I had no idea SBA loans were this involved. SBA Loans Michigan handled everything—documentation, lender coordination, underwriting follow-up. I just focused on running my business. Funded in 52 days."
— Medical practice, Grand Rapids, MI | $1.2M SBA 504 Loan

"Better rates than going direct, and zero cost to me? No-brainer."

"I almost gave up on SBA financing after two bank declines. SBA Loans Michigan not only got us approved, but at pricing our bank said wasn't possible. Turns out we were just talking to the wrong lender."
— Restaurant group, Ann Arbor, MI | $650K SBA 7(a) Loan

"They understand Michigan businesses."

"Working with a local team that understands Michigan's economy made all the difference. They knew our industry, knew our market, and knew exactly which lenders to approach. Couldn't have done this without them."
— Construction company, Metro Detroit | $2.3M USDA B&I Loan

SECTION 10: HOW IT WORKS – OUR 5-STEP PROCESS

Step 1: Quick Consultation

We discuss your needs, review your situation, and determine the best SBA loan structure for your Michigan business. No pressure, no generic presentations—just straightforward discussion about whether SBA financing makes sense for you.

📞 Call (855) 998-5874 or email hello@sbaloansmichigan.com

Step 2: Expert Packaging & Pre-Underwriting

We prepare your complete loan file, present your business in the strongest possible light, and conduct pre-underwriting to identify potential issues before submission. This is where most business owners going direct make mistakes that cost them weeks or months.

Step 3: Lender Matching & Submission

We connect you with the best-fit lenders from our network of 25+ top SBA lenders—banks you likely couldn't access on your own, with programs specifically suited to your situation.

Step 4: White-Glove Guidance to Closing

We're your advocate every step of the way. Every question, every document request, every negotiation—we handle it all. You stay focused on your business while we manage the loan process.

Step 5: Funding & Growth

You get funded, often with better terms and faster timelines than you thought possible. Now you focus on what matters: growing your Michigan business.

SECTION 11: UNDERSTANDING SBA LOAN RATES IN MICHIGAN (2025)

SBA loan rates in Michigan have improved significantly over the past year, making now an excellent time to pursue SBA financing.

Current Michigan SBA loan market (Q2 2025):

• Average interest rate: 9.6% (down from 10.5% in Q2 2024)

• Average loan size: $526,749

• Number of loans approved: 388 loans in Q2 2025 alone

What determines your SBA loan rate:

Prime rate baseline: SBA loan rates are based on the current prime rate (7.5% as of October 2025), plus a lender markup.

Loan size: Larger loans typically receive more favorable pricing within SBA guidelines.

Loan term: Longer terms may carry slightly different pricing structures.

Credit strength: Higher credit scores and stronger financials can result in lower rates.

Lender competition: This is where we add significant value. When multiple lenders compete for your deal, rates improve.

SBA 7(a) rates are typically prime + 2.5% to 4.5%, depending on loan size and terms. Current rates range from approximately 10% to 12% for most Michigan businesses.

SBA 504 rates are fixed for the life of the loan and tied to 10-year Treasury rates. Current 504 rates are approximately 5% to 7% for the SBA portion.

USDA B&I rates are negotiated between borrower and lender but typically range from 8% to 11% depending on loan size, term, and business strength.

The key point: The rate you get depends heavily on which lender you work with. Different lenders have different appetites for different industries, loan sizes, and credit profiles. Our job is matching you with the lender that offers you the best terms for your specific situation.

SECTION 12: SBA 7(a) VS. SBA 504 – WHICH IS RIGHT FOR YOUR MICHIGAN BUSINESS?

Many Michigan business owners aren't sure whether they need an SBA 7(a) loan or an SBA 504 loan. Here's how to think about it:

Choose SBA 7(a) Loans When:

✓ You need maximum flexibility in how you use loan proceeds
✓ You're acquiring a business or buying a franchise
✓ You need working capital along with equipment or real estate
✓ You want faster closing (single lender, simpler structure)
✓ Your real estate purchase is under $2 million
✓ You prefer variable rates (which may decline if the Fed cuts rates)

Best for: Business acquisitions, mixed-use financing (real estate + working capital + equipment), smaller real estate deals, maximum flexibility.

Choose SBA 504 Loans When:

✓ You're purchasing owner-occupied commercial real estate
✓ You're buying major equipment or machinery
✓ You want a fixed interest rate for 10-25 years (no rate risk)
✓ You want the lowest possible down payment (10% vs. 15-20% for 7(a))
✓ Your real estate purchase is $1 million+ (504 structure saves money on larger deals)
✓ You're expanding or constructing a facility

Best for: Real estate purchases, major equipment acquisitions, manufacturing operations, businesses wanting long-term fixed rates.

Not Sure Which Program Fits Your Situation?

That's exactly what we help Michigan businesses figure out. Different lenders have different preferences, and the "right" program depends on your specific situation, loan amount, business type, and intended use of proceeds.

Call us at (855) 998-5874 and we'll walk you through the best option for your business.

SECTION 13: FREQUENTLY ASKED QUESTIONS – SBA LOANS IN MICHIGAN

How much do you charge Michigan business owners?

Absolutely nothing. We're compensated directly by SBA lenders—meaning there is zero cost to you. You get white-glove service, expert packaging, access to 25+ lenders, and exclusive pricing completely free.

How long does the SBA loan process take in Michigan?

Timeline varies, but typical ranges are:

• SBA 7(a) Loans: 45-60 days from complete application to funding

• SBA 504 Loans: 60-90 days

• USDA B&I Loans: 60-90 days

We speed up the process by pre-packaging your file correctly and eliminating back-and-forth delays that slow down most deals.

What if big banks already turned down my SBA loan?

This is exactly our specialty. A decline from Chase, Wells Fargo, or PNC does NOT mean you don't qualify for an SBA loan. The mega banks are extremely selective and turn down 8 out of 10 applications.

We have access to 25+ SBA lenders with different criteria, different industry focuses, and different appetites for risk. We've successfully funded hundreds of Michigan businesses that were declined by major banks.

What credit score do I need for an SBA loan in Michigan?

Most SBA lenders prefer a personal credit score of 650 or higher, but this isn't a hard cutoff. We work with lenders who will consider scores in the 600-680 range with strong compensating factors like:

• Solid cash flow and profitability

• Significant time in business (5+ years)

• Strong collateral

• Large down payment

• Industry expertise

If your score is below 650, we'll be honest about your approval odds and may recommend steps to improve your chances before applying.

How much can I borrow with an SBA loan in Michigan?

Loan amounts vary by program:

• SBA 7(a) Loans: Up to $5,000,000

• SBA 504 Loans: Up to $5,000,000 (up to $5,500,000 for manufacturing and energy projects)

• USDA B&I Loans: Up to $25,000,000 for qualifying rural Michigan businesses

We typically work with Michigan businesses seeking $250,000 to $5,000,000+ in financing, though we can facilitate loans both smaller and larger depending on the situation.

Do I need collateral for an SBA loan?

Yes, SBA loans are secured loans, but collateral requirements are more flexible than conventional loans.

SBA lenders will take a security interest in assets purchased with loan proceeds (real estate, equipment, inventory). If business collateral is insufficient to fully secure the loan, they may require additional collateral—but loans won't be declined solely due to lack of collateral if the business is otherwise strong.

The SBA's policy is: "Lack of collateral will not be the sole reason for declining an SBA loan if the borrower can demonstrate repayment ability."

Can I use an SBA loan to buy a business in Michigan?

Absolutely. SBA 7(a) loans are ideal for buying an existing business or franchise:

• Finance up to 90% of the purchase price

• Terms up to 10 years (25 years if real estate is included)

• Competitive interest rates

• Can include working capital for post-acquisition operations

Business acquisition financing is one of our specialties. We've helped Michigan business owners acquire restaurants, manufacturing companies, medical practices, service businesses, and franchises across the state.

Can I use an SBA loan to buy commercial real estate in Michigan?

Yes. Both SBA 7(a) and SBA 504 loans can be used for owner-occupied commercial real estate:

• Down payment: As low as 10% (vs. 20-30% for conventional)

• Terms: Up to 25 years

• Fixed or variable rates: Depending on program

• Use: Must be owner-occupied (at least 51% of building used by your business)

Owner-occupied means you're buying the building to operate your business in it—not as an investment property or rental.

What's the difference between SBA 7(a) and SBA 504 loans?

SBA 7(a) Loans:

• Most flexible—use for almost any business purpose

• Up to $5,000,000

• Variable rates (typically)

• One lender, faster closing

• Best for: acquisitions, working capital, mixed-use financing

SBA 504 Loans:

• Specifically for commercial real estate or major equipment

• Up to $5,000,000+ (up to $5,500,000 for manufacturing)

• Fixed rates for 10-25 years

• Lower down payment (10% vs. 15-20%)

• Best for: real estate purchases, large equipment, manufacturing

We help you choose the right program based on your needs.

What if my business is in a rural Michigan area?

Even better. We specialize in rural Michigan business financing through USDA Business & Industry (B&I) loans—offering:

• Higher loan amounts (up to $25,000,000)

• 97% of Michigan is eligible (most areas outside Detroit, Grand Rapids, Ann Arbor cores)

• Favorable terms for businesses creating Michigan jobs

• Flexible use of proceeds

Most Michigan business owners don't realize they qualify for USDA programs. If you're outside major metro areas, you likely do.

Learn more about USDA Rural Business Loans →

How do I know if I qualify for an SBA loan?

The fastest way to find out is to talk to us. We'll review your situation and give you an honest assessment within 24 hours—no cost, no obligation.

📞 Call (855) 998-5874
✉️ Email hello@sbaloansmichigan.com
Or fill out our quick form above

SECTION 14: READY TO GET YOUR MICHIGAN BUSINESS FUNDED?

Stop wasting time with banks that will either say no or can't say yes.

You've got a real business. You've got real revenue. You've got a legitimate need for capital. Let's talk about how we can help you get funded—with better terms, faster timelines, and zero cost to you.

Three Ways to Get Started:

📞 Call Our Michigan SBA Specialists
(855) 998-5874
Speak directly with an SBA loan expert who understands Michigan businesses. Available Monday-Friday, 9am-6pm EST.

✉️ Email Us Your Deal Summary
hello@sbaloansmichigan.com
Tell us about your business and what you need. We'll respond within 24 hours with next steps.

📝 Get Your Free SBA Loan Quote
Fill out our quick form above and we'll contact you within 24 hours with a preliminary assessment and lender options.

ABOUT SBA LOANS MICHIGAN

SBA Loans Michigan is Michigan's leading SBA loan platform, connecting Michigan businesses with the nation's most capable and aggressive SBA lenders. Based in Metro Detroit, we specialize in helping Michigan businesses secure SBA 7(a) loans, SBA 504 loans, and USDA rural business loans.

Over 20 years, we've facilitated over $1 billion in business financing for more than 10,000 companies, with deep expertise in the Michigan market. We understand Michigan industries, Michigan lenders, and what it takes to get Michigan businesses funded.

Our mission is simple: Make SBA financing accessible, understandable, and successful for every qualified Michigan business—from Detroit to the Upper Peninsula, from Grand Rapids to rural Michigan communities.

SBA Loans Michigan
Michigan's #1 SBA Loan Platform

📞 (855) 998-5874
✉️ hello@sbaloansmichigan.com
📍 Based in Metro Detroit | Serving All of Michigan

Loan Programs:
SBA 7(a) Loans | SBA 504 Loans | USDA Rural Business Loans

Powered by LVRG Business Funding

SBA Loans Michigan is not a lender. We are a loan broker connecting Michigan businesses with SBA-approved lenders. All loans are subject to credit approval and SBA eligibility requirements.