Preferred and Express Lenders

Preferred lenders may expedite the processing of SBA loans because of their experience with SBA lending.  Preferred lenders enjoy full delegation of authority and can decide unilaterally on SBA participation in eligible business loans. 

Please be advised that nearly every bank in Michigan is approved to work with SBA therefore the following is not an exhaustive list of SBA lenders.  Regardless of which bank a borrower chooses, to access the SBA guaranty loan program, the borrower must first apply for a commercial loan from a lender.  Borrower should: 

1. First complete that bank’s commercial loan application and submit all required paperwork to the lender.
2. The lender will evaluate the application and decide whether to apply for the SBA guaranty.
3. If the lender decides to apply for the guaranty, the lender will provide the necessary SBA form and the lender will submit an application to SBA.  Please note, applications for the SBA guaranty must be submitted directly by a lender, not the borrower.
4. SBA communicates its response with the lender and if approved the lender would close the loan and disburse the funds.  All loan payments are made to the lender only.

SBAExpress Lenders
Many lenders have been approved for participation in SBA’s SBAExpress Loan program.  In this program the lender uses its processes and forms and has unilateral authority to commit SBA to a 50% guaranty.

The Preferred and Express lenders of Michigan are listed below: 

PREFERRED LENDERS

1st Source Bank
1st State Bank
Associated Bank
Banco Popular
Bank of America
Bank of Auburn Hills
Bank of Michigan
Branch Banking and Trust Company
Business Lenders
Capitol National Bank
CF Bancorp
Charter One Bank
Chase
CIT Small Business Lending
Citizens Bank
Comerica Bank
Community Shores Bank
Fifth Third Bank
Huntington National Bank
Huron Community Bank
KeyBank
MainStreet Lender
Mercantile Bank of Michigan
National City
Newtek Small Business Finance
Northwestern Bank
Paragon Bank & Trust
PNC Bank
Small Business Loans Source
Stearns Bank
United Bank of Michigan
UPS Capital Business Credit
U.S. Bank
Wells Fargo Bank
Zions First National Bank

SBAEXPRESS LENDERS
1st Source Bank
1st State Bank
Associated Bank
Banco Popular
Bank of Alpena
Bank of America
Bank of Auburn Hills
Bank of Michigan
Branch Banking and Trust Company
Capital One
Capital National Bank
Century Bank and Trust
CF Bancorp
Charter One Bank
Chase
Chelsea State Bank
Chemical Bank and Trust
Christian Financial CU
Citizens Bank
Comerica Bank
Commercial Bank
Community Central Bank
Community Financial Members FCU
Community Shores Bank
Fifth Third Bank
First Bank - West Michigan
First Bank
First National Bank of Michigan
First Place Bank
First State Bank
Founders Bank & Trust
Genisys Credit Union
Gogebic Range Bank
Hillsdale County National Bank
Honor State Bank
Huntington National Bank
Huron Community Bank
Huron Valley State Bank
Independent Bank
KeyBank
Lake-Osceola State Bank
Macatawa Bank
Mason State Bank
mBank
Michigan Schools & Government CU
Midwest Financial CU
Mercantile Bank of Michigan
National City
New Liberty Bank
Newtek Small Business Finance
Northland Area FCU
Northwestern Bank
Old Mission Bank
Paragon Bank & Trust
Paramount Bank
Peoples State Bank
PNC Bank
State Savings Bank
Seaway Community Bank
Stearns Bank
Sturgis Bank & Trust
TCF National Bank
The State Bank
The State Savings Bank
The West Michigan Savings Bank
Thumb National Bank & Trust
Traverse City State Bank
United Bank of Michigan
United Bank & Trust
UPS Capital Business Credit
Wells Fargo Bank
West Michigan Community Bank
Zions First National Bank

Michigan Content Comments to: michigan@sba.gov
*Last Updated: 10-28-2009