SBA Microloan Lenders in Michigan (2026 List)
There are 7 SBA-approved microloan intermediaries lending in Michigan. The SBA does not lend directly — it funds these organizations, and each one makes its own loans and its own decisions.
SBA microloans run up to $50,000, with an average around $13,000 and terms up to seven years. They are designed for businesses banks turn down: new companies, thin credit files, and owners who need working capital, equipment or inventory rather than property. Because each intermediary sets its own criteria, it is worth approaching more than one of the Michigan lenders below.
Every lender on this list asks for the same core documents: a written business plan, financial projections, a clear statement of what the money is for, and your credit history. The plan is where most applications stall.
Michigan
Northern Initiatives
Michigan Women’s Foundation
Northern Economic Initiative Corp.
1401 Presque Isle Ave Ste 202 PO Box 7009 Marquette, MI 49855906-226-1622Metro Community Development, Inc.
503 S. Saginaw St., STE 804 Flint, MI 48502810-767-4622Great Lakes Women’s Business Council
33109 Schoolcraft Rd. Livonia, MI 48150734-677-1400Grand Rapids Opportunities for Women (GROW)
25 Sheldon Blvd. SE Suite 210 Grand Rapids, MI 49503616-458-340Entrepreneur Institute of Mid-Michigan
105 W. Allegan Suite 10 Lansing, MI 48933yourfoundationforbusiness.org
The business plan every one of them will ask for
Whichever Michigan lender you approach, the application asks for a business plan with financial projections. We write SBA-ready plans built for microloan applications.
