Buying a Business in Michigan
What SBA acquisition lending actually looks like in Michigan, from loan-level government data.
FY2025 Acquisition Loans
270
$248.8M approved
Median Loan
$635,000
FY2020 through FY2025
Loans Since FY2020
1,177
$1.22B in total approvals
Share of U.S. Activity
3.3%
Of change-of-ownership loans
Most Active Acquisition Lenders in Michigan
- 1. The Huntington National Bank247 loans
- 2. Live Oak Banking Company113 loans
- 3. Old National Bank62 loans
- 4. Comerica Bank40 loans
- 5. ChoiceOne Bank34 loans
A lender being active in Michigan does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.
What Gets Bought in Michigan
- Limited-Service Restaurants66 loans
- Full-Service Restaurants62 loans
- Hotels (except Casino Hotels) and Motels49 loans
- Plumbing, Heating, and Air-Conditioning Contractors31 loans
- Landscaping Services28 loans
Industry-specific pricing and diligence live in the Industry Buy Guides.
Method & Source
Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Michigan project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.
Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.